NYSE:SLB
Schlumberger Ltd. (SLB)
Financials 
Technical Analysis 
Jun 30, 2026, 12:00 amThis summary was created by AI, based on 6 opinions in the last 12 months.
Schlumberger Ltd. (SLB) is recognized for leveraging advanced technology to enhance oil and gas performance, with digital services contributing significantly to its business margins despite only accounting for 7% of revenue. The company's fundamentals are viewed positively, highlighted by a recurring revenue stream of $1 billion, suggesting robust financial health. Experts note a historical under-investment in oil, which could lead to strong long-term prospects for SLB as the energy sector regains attention. Recent performance has been impressive, particularly in January, although fluctuations in oil prices due to geopolitical factors create uncertainty. Overall, SLB is seen as well-positioned, especially with potential contracts emerging from Venezuela, despite challenges in reporting standout earnings in the short term due to lower oil prices.
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Last Friday they reported a slight top and bottom line beat with revenue up 14% YOY and free cash flow up 167% YOY. Strength lies in their international business, with 10 straight quarters of double-digit growth. Guidance was encouraging, though they seldom say much, driven by this international business. Also, they raised their dividend 10% and will increase buybacks, which will absorb their higher-than-expected capex.
Premium contentSLB represents the "pick and shovels" of the energy industry, involved in building infrastructure. Earnings recently beat analyst expectations as US revenues grew despite reduced drilling activity in several key regions. It trades at 18x earnings and supports a 22% ROE. We recommend placing a stop-loss at $47, looking to achieve $63 -- upside potential of 18%. Yield 1.7%
(Analysts’ price target is $63.76)
Delivered a mixed Q3, but earnings were excellent with revenues up double digits. Today's sell-off is a buy. They've been increasing their dividend a lot in recent years, nearly 2%. They benefit from the exploration, more than the price, of oil, and they are digging now.
Kevin Sullivan
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Neither. Look at the 10-year charts, both lower today than 10 years ago. When flush with money, make acquisitions; then when things turn nasty, take write downs. Result is less than zero value creation for shareholders. The only people making money are the executives.