Schlumberger (SLB) AI Stock Analysis

• Market Cap: $53.87B
• Dividend Yield: 3.05%
• Average Volume (3M): 17.39M
• Price to Earnings (P/E): 13.9
• Beta (1Y): 0.84
• Revenue Growth: -2.13%
• EPS Growth: -16.76%
• Country: US
• Employees: 110,000
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 0.69
• Shares Outstanding: 1,493,923,600
• 10 Day Avg. Volume: 16,850,567
• 30 Day Avg. Volume: 17,390,236
• PEG Ratio: 1.90
• Price to Book (P/B): 2.58
• Price to Sales (P/S): 1.50
• P/FCF Ratio: 12.18
• Enterprise Value/Market Cap: 1.14
• Enterprise Value/Revenue: 1.75
• Enterprise Value/Gross Profit: 9.15
• Enterprise Value/Ebitda: 8.53
• 1Y Price Target: $48.17
• Price Target Upside: 30.12% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 16

• Rating: 75 Outperform
• Price Target: $40.00 ▲(8.05% Upside)

Schlumberger's overall stock score reflects its solid financial performance, positive technical indicators, and reasonable valuation. The company's strong profitability and leverage management are key strengths, while challenges in cash flow and revenue growth need attention. Positive momentum and strategic growth in digital and North American segments further bolster the outlook.

Positive Factors

Digital Division Growth

The substantial growth in the digital division indicates a strong shift towards technology-driven solutions, enhancing Schlumberger's competitive advantage and positioning in the market. This trend is likely to continue as digital transformation in the oil and gas industry accelerates.

North America Revenue Increase

The significant revenue growth in North America highlights Schlumberger's strong market position and ability to capitalize on regional opportunities, particularly in offshore activities. This positions the company well for sustained growth in a key market.

Champagnex Integration Success

The successful integration of Champagnex demonstrates Schlumberger's capability to effectively incorporate acquisitions, enhancing its service offerings and financial performance, which supports long-term strategic growth.

Negative Factors

Revenue Growth Challenges

A decline in revenue growth suggests potential difficulties in expanding market share or increasing sales, which could impact long-term financial performance and competitiveness unless addressed.

Free Cash Flow Decline

The decline in free cash flow growth poses a risk to liquidity and financial flexibility, potentially limiting Schlumberger's ability to invest in growth opportunities or weather economic downturns.

Flat Core Division Performance

Flat performance in core divisions indicates challenges in maintaining growth momentum, which could affect long-term stability if not addressed through strategic initiatives or market expansion.

Schlumberger Business Overview & Revenue Model

Company Description

Schlumberger Limited (SLB) is a leading global provider of technology and services for the oil and gas industry. Founded in 1926, the company operates in various sectors including exploration and production, reservoir evaluation, and drilling, offering a wide range of services such as seismic acquisition, well testing, and artificial lift. Schlumberger is known for its innovative technologies and solutions that enhance the efficiency and sustainability of oil and gas operations, catering to clients worldwide.

How the Company Makes Money

Schlumberger generates revenue primarily through its diverse services and solutions offered to oil and gas companies. The company's key revenue streams include drilling services, reservoir characterization, and production services, with significant contributions from its digital technologies and software solutions. Schlumberger also benefits from long-term contracts with major energy firms, which provide a stable income base. Additionally, strategic partnerships and collaborations with other industry players enhance its service delivery and expand its market reach, further bolstering its earnings. The company's focus on innovation and efficiency allows it to maintain a competitive edge in the volatile energy market.

Schlumberger Financial Statement Overview

Summary

Schlumberger demonstrates solid profitability and improved leverage management, but faces challenges in revenue growth and cash flow generation. The company's ability to maintain strong margins amidst revenue contraction is commendable, yet the decline in free cash flow growth warrants attention.

Income Statement

Schlumberger's income statement shows a mixed performance. The TTM data indicates a decline in revenue growth rate, which is concerning. However, the company maintains strong profitability metrics with a gross profit margin of 19.11% and a net profit margin of 10.34%. The EBIT and EBITDA margins are also healthy at 15.03% and 20.49%, respectively. Despite the recent revenue contraction, the company has demonstrated resilience in maintaining profitability.

Balance Sheet

The balance sheet reflects a moderate financial position. The debt-to-equity ratio has improved to 0.47 in the TTM, indicating better leverage management compared to previous years. Return on equity is robust at 16.59%, showcasing effective use of equity to generate profits. However, the equity ratio stands at 48.86%, suggesting a balanced but cautious approach to asset financing.

Cash Flow

Cash flow analysis reveals some challenges. The free cash flow growth rate has declined by 13.45% in the TTM, which is a potential concern for liquidity. The operating cash flow to net income ratio is 0.42, indicating moderate cash generation relative to net income. The free cash flow to net income ratio is 0.69, suggesting that a significant portion of earnings is converted into free cash flow, albeit with room for improvement.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	35.25B	36.29B	33.13B	28.09B	22.93B	23.60B
Gross Profit	6.74B	7.46B	6.56B	5.16B	3.66B	2.60B
EBITDA	7.22B	8.07B	7.54B	6.43B	4.62B	-8.76B
Net Income	3.65B	4.46B	4.20B	3.44B	1.88B	-10.49B
Balance Sheet
Total Assets	55.09B	48.94B	47.96B	43.13B	41.51B	42.43B
Cash, Cash Equivalents and Short-Term Investments	3.58B	4.67B	3.99B	2.89B	3.14B	3.01B
Total Debt	12.77B	12.07B	11.96B	12.23B	14.20B	16.89B
Total Liabilities	28.17B	26.59B	26.60B	25.15B	26.23B	29.95B
Stockholders Equity	25.64B	21.13B	20.19B	17.68B	15.00B	12.07B
Cash Flow
Free Cash Flow	4.03B	4.47B	4.54B	2.00B	3.47B	1.73B
Operating Cash Flow	5.87B	6.60B	6.64B	3.72B	4.65B	2.94B
Investing Cash Flow	-619.00M	-3.15B	-2.78B	-1.39B	-919.00M	-2.35B
Financing Cash Flow	-5.35B	-2.77B	-2.51B	-2.38B	-2.82B	-873.00M

Schlumberger Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 37.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SLB, the sentiment is Positive. The current price of 37.02 is above the 20-day moving average (MA) of 34.41, above the 50-day MA of 34.87, and above the 200-day MA of 35.95, indicating a bullish trend. The MACD of 0.64 indicates Negative momentum. The RSI at 64.46 is Neutral, neither overbought nor oversold. The STOCH value of 83.39 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SLB.

Schlumberger Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FTI	―	$17.03B	18.87	28.72%	0.53%	11.73%	45.70%
BKR	―	$48.00B	16.75	16.83%	1.89%	1.51%	30.09%
SLB	―	$53.87B	13.94	15.46%	3.05%	-2.13%	-16.76%
TS	―	$21.78B	10.92	11.69%	4.16%	-9.76%	-18.73%
HAL	―	$22.88B	18.00	12.77%	2.50%	-4.06%	-47.41%
NOV	―	$5.49B	15.03	5.93%	3.49%	-1.43%	-63.13%
Sector *	―	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

Schlumberger Corporate Events

Schlumberger’s Earnings Call Highlights Growth Amid Challenges

In the latest earnings call, Schlumberger expressed a generally positive sentiment, highlighting strong sequential revenue growth, particularly in its digital and North American segments. The successful integration of Champagnex was also a key positive point. However, the company acknowledged challenges such as pipeline disruptions in Ecuador and flat performance in its core divisions. Overall, the positive aspects slightly outweighed the negative challenges, painting an optimistic picture for the company’s future.

SLB Reports Third-Quarter 2025 Earnings Amid Market Challenges

SLB, formerly known as Schlumberger, is a leading global technology company that provides services and solutions for the oil and gas industry, specializing in reservoir characterization, drilling, production, and processing. The company operates in over 120 countries, offering a comprehensive range of products and services to the energy sector.

Schlumberger Appoints Mamatha Chamarthi to Board of Directors

On October 10, 2025, SLB Limited announced the election of Ms. Mamatha Chamarthi to its Board of Directors, effective immediately. Ms. Chamarthi, who is the Senior Vice President and Chief Digital Officer at The Goodyear Tire & Rubber Company, brings a wealth of innovative technology and transformation experience to the board. She will also serve on the Board’s Audit Committee and Energy Innovation and Technology Committee. Her previous roles include Head of Software Business & Product Management at Stellantis N.V. and Chief Information Officer for North America and Asia Pacific. Ms. Chamarthi’s appointment follows her tenure on the Board of Directors of ChampionX Corporation, which was acquired by SLB in July 2025.

The most recent analyst rating on (SLB) stock is a Buy with a $47.60 price target. To see the full list of analyst forecasts on Schlumberger stock, see the SLB Stock Forecast page.

Schlumberger Rebrands to SLB N.V. After Shareholder Vote

On October 7, 2025, SLB Limited held a Special General Meeting where shareholders approved an amendment to the company’s Articles of Incorporation. This amendment officially changed the company’s name from Schlumberger N.V. to SLB N.V. and allowed the use of ‘SLB Limited’ and ‘SLB Ltd.’ in international transactions. The proposal received overwhelming support, with 82.15% of shares voting in favor, and the changes took effect immediately, signaling a strategic rebranding effort for the company.

The most recent analyst rating on (SLB) stock is a Hold with a $38.00 price target. To see the full list of analyst forecasts on Schlumberger stock, see the SLB Stock Forecast page.