SLB (SLB)
Market Price (10/15/2025): $32.61 | Market Cap: $44.1 BilSector: Energy | Industry: Oil & Gas Equipment & Services
SLB (SLB)
Market Price (10/15/2025): $32.61Market Cap: $44.1 BilSector: EnergyIndustry: Oil & Gas Equipment & Services
Investment Highlights
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 13%, Dividend Yield is 3.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 8.4%, FCF Yield is 10% | Weak multi-year price returns2Y Excs Rtn is -94%, 3Y Excs Rtn is -100% | Weak revenue growthRev Chg QQuarterly Revenue Change % is -6.5% |
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13%, CFO LTM is 6.6 Bil, FCF LTM is 4.6 Bil | ||
Low stock price volatilityVol 12M is 36% |
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 13%, Dividend Yield is 3.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 8.4%, FCF Yield is 10% |
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13%, CFO LTM is 6.6 Bil, FCF LTM is 4.6 Bil |
Low stock price volatilityVol 12M is 36% |
Weak multi-year price returns2Y Excs Rtn is -94%, 3Y Excs Rtn is -100% |
Weak revenue growthRev Chg QQuarterly Revenue Change % is -6.5% |
Market Valuation & Key Metrics
SLB Stock
Price Returns Compared
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
---|---|---|---|---|---|---|---|
Returns | |||||||
SLB Return | -44% | 40% | 81% | -1% | -24% | -13% | -9% |
Peers Return | -27% | 1% | 52% | 15% | 4% | 2% | 36% |
S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 13% | 103% |
Monthly Win Rates [3] | |||||||
SLB Win Rate | 50% | 58% | 67% | 50% | 33% | 56% | |
Peers Win Rate | 37% | 37% | 52% | 40% | 38% | 56% | |
S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 67% | |
Max Drawdowns [4] | |||||||
SLB Max Drawdown | -70% | -0% | 0% | -20% | -27% | -16% | |
Peers Max Drawdown | -58% | -14% | -4% | -15% | -16% | -17% | |
S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: BKR, HAL, FTI, NOV, HMH. See SLB Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/14/2025 (YTD)
Downturns Compared
Event | SLB | S&P 500 |
---|---|---|
2022 Inflation Shock | ||
% Loss | -36.8% | -25.4% |
% Gain to Breakeven | 58.2% | 34.1% |
Time to Breakeven | 99 days | 464 days |
2020 Covid Pandemic | ||
% Loss | -70.5% | -33.9% |
% Gain to Breakeven | 238.8% | 51.3% |
Time to Breakeven | 700 days | 148 days |
2018 Correction | ||
% Loss | -64.9% | -19.8% |
% Gain to Breakeven | 184.9% | 24.7% |
Time to Breakeven | Not Fully Recovered days | 120 days |
2008 Global Financial Crisis | ||
% Loss | -68.6% | -56.8% |
% Gain to Breakeven | 218.5% | 131.3% |
Time to Breakeven | 1948 days | 1480 days |
How Low Can It Go?
SLB's stock fell -36.8% during the 2022 Inflation Shock from a high on 6/8/2022. A -36.8% loss requires a 58.2% gain to breakeven.
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About SLB (SLB)
Schlumberger Limited provides technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. It offers software, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; petro technical data services and training solutions; reservoir interpretation and data processing services; asset performance solutions; open and cased-hole services; exploration and production pressure and flow-rate measurement services; pressure pumping, well stimulation, and coiled tubing equipment for downhole mechanical well intervention, reservoir monitoring, and downhole data acquisition; and integrated production systems. The company also provides mud logging and engineering support services; drilling equipment and services for shipyards, drilling contractors, energy companies, and rental tool companies; land drilling rigs and related services; drilling tools; well cementing products and services; and well planning and drilling, engineering, supervision, logistics, procurement, contracting, and drilling rig management services, as well as supplies engineered drilling fluid systems; and designs, manufactures, and markets roller cone and fixed cutter drill bits. In addition, it offers well completion services and equipment; artificial lift production equipment and optimization services; valves; process systems; and integrated subsea production systems comprising wellheads, subsea trees, manifolds and flowline connectors, control systems, connectors, and services, as well as designs and manufactures onshore and offshore platform wellhead systems and processing solutions. The company was formerly known as Socie´te´ de Prospection E´lectrique. Schlumberger Limited was founded in 1926 and is based in Houston, Texas.
Latest Trefis Analyses
Trade Ideas
Select past trade ideas related to SLB and Oil & Gas Equipment & Services.
Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
---|---|---|---|---|---|---|---|
09302025 | TDW | Tidewater | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -7.3% | -7.3% | -10.0% |
09302025 | OKE | ONEOK | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -4.6% | -4.6% | -5.3% |
08312025 | LEU | Centrus Energy | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 96.4% | 96.4% | -1.3% |
05312025 | KNTK | Kinetik | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -14.5% | -14.5% | -17.7% |
04302025 | WHD | Cactus | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -6.5% | -6.5% | -11.4% |
04302025 | SLB | SLB | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -0.4% | -0.4% | -3.0% |
Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
---|---|---|---|---|---|---|---|
09302025 | TDW | Tidewater | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -7.3% | -7.3% | -10.0% |
09302025 | OKE | ONEOK | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -4.6% | -4.6% | -5.3% |
08312025 | LEU | Centrus Energy | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 96.4% | 96.4% | -1.3% |
05312025 | KNTK | Kinetik | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -14.5% | -14.5% | -17.7% |
04302025 | WHD | Cactus | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -6.5% | -6.5% | -11.4% |
04302025 | SLB | SLB | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -0.4% | -0.4% | -3.0% |
See Trefis Trade Ideas for more.
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for SLB
Financials
Median | |
---|---|
Name | |
Mkt Price | 32.57 |
Mkt Cap | 19.2 |
Rev LTM | 22,234 |
Op Inc LTM | 3,433 |
FCF LTM | 2,149 |
FCF 3Y Avg | 1,837 |
CFO LTM | 3,419 |
CFO 3Y Avg | 3,036 |
Growth & Margins
Median | |
---|---|
Name | |
Rev Chg LTM | 0.9% |
Rev Chg 3Y Avg | 13.1% |
Rev Chg Q | -3.2% |
QoQ Delta Rev Chg LTM | -0.8% |
Op Mgn LTM | 12.7% |
Op Mgn 3Y Avg | 11.3% |
QoQ Delta Op Mgn LTM | -0.4% |
CFO/Rev LTM | 16.1% |
CFO/Rev 3Y Avg | 12.4% |
FCF/Rev LTM | 10.3% |
FCF/Rev 3Y Avg | 9.4% |
Valuation
Median | |
---|---|
Name | |
Mkt Cap | 19.2 |
P/S | 1.2 |
P/EBIT | 7.6 |
P/E | 10.8 |
P/CFO | 6.6 |
Total Yield | 12.8% |
Dividend Yield | 3.1% |
FCF Yield 3Y Avg | 7.0% |
D/E | 0.3 |
Net D/E | 0.2 |
Returns
Median | |
---|---|
Name | |
1M Rtn | -3.6% |
3M Rtn | 5.5% |
6M Rtn | 7.6% |
12M Rtn | -19.3% |
3Y Rtn | -17.1% |
1M Excs Rtn | -3.6% |
3M Excs Rtn | 0.4% |
6M Excs Rtn | -15.5% |
12M Excs Rtn | -34.3% |
3Y Excs Rtn | -100.5% |
Comparison Analyses
Segment Financials
Revenue by Segment
$ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Well Construction | 13,478 | 11,397 | 8,706 | 8,614 | 11,880 |
Production Systems | 9,831 | 7,862 | 6,710 | 6,650 | 8,167 |
Reservoir Performance | 6,561 | 5,553 | 4,599 | 5,602 | 9,299 |
Digital & Integration | 3,871 | 3,725 | 3,290 | 3,067 | 4,145 |
Eliminations & other | -606 | -446 | -376 | -332 | -574 |
Total | 33,135 | 28,091 | 22,929 | 23,601 | 32,917 |
$ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Goodwill and intangible assets | 17,323 | 15,974 | 16,201 | 16,436 | 23,130 |
Well Construction | 7,129 | 6,481 | 4,714 | 4,768 | 6,913 |
Production Systems | 6,640 | 5,603 | 4,684 | 4,665 | 5,625 |
All other assets | 4,944 | 4,463 | 5,215 | 5,535 | 5,577 |
Cash and short term investments | 3,989 | 2,897 | 3,139 | 3,006 | 2,167 |
Reservoir Performance | 3,491 | 3,159 | 2,923 | 3,489 | 5,198 |
Digital & Integration | 3,089 | 3,132 | 3,134 | 3,595 | 6,388 |
Eliminations & other | 1,352 | 1,426 | 1,501 | 940 | 1,314 |
Total | 47,957 | 43,135 | 41,511 | 42,434 | 56,312 |
Returns Analyses
Earnings Returns History
Expand for MoreForward Returns | |||
---|---|---|---|
Earnings Date | 1D Returns | 5D Returns | 21D Returns |
7/18/2025 | -3.9% | 1.6% | -4.8% |
4/25/2025 | -1.2% | -3.4% | -3.6% |
1/17/2025 | 6.1% | 2.8% | 4.5% |
10/18/2024 | -4.7% | -6.2% | -1.8% |
7/19/2024 | 1.9% | -1.0% | -8.1% |
4/19/2024 | -2.1% | -2.9% | -4.6% |
1/19/2024 | 2.2% | 8.1% | 0.6% |
10/20/2023 | -2.9% | -6.8% | -11.9% |
... | |||
SUMMARY STATS | |||
# Positive | 12 | 11 | 12 |
# Negative | 12 | 13 | 12 |
Median Positive | 2.1% | 6.2% | 10.0% |
Median Negative | -2.2% | -4.5% | -6.0% |
Max Positive | 10.3% | 17.6% | 26.5% |
Max Negative | -8.8% | -7.8% | -12.9% |
SEC Filings
Expand for MoreReport Date | Filing Date | Filing |
---|---|---|
6302025 | 7242025 | 10-Q 6/30/2025 |
3312025 | 4252025 | 10-Q 3/31/2025 |
12312024 | 1222025 | 10-K 12/31/2024 |
9302024 | 10232024 | 10-Q 9/30/2024 |
6302024 | 7242024 | 10-Q 6/30/2024 |
3312024 | 4242024 | 10-Q 3/31/2024 |
12312023 | 1242024 | 10-K 12/31/2023 |
9302023 | 10252023 | 10-Q 9/30/2023 |
6302023 | 7262023 | 10-Q 6/30/2023 |
3312023 | 4262023 | 10-Q 3/31/2023 |
12312022 | 1252023 | 10-K 12/31/2022 |
9302022 | 10262022 | 10-Q 9/30/2022 |
6302022 | 7272022 | 10-Q 6/30/2022 |
3312022 | 4272022 | 10-Q 3/31/2022 |
12312021 | 1262022 | 10-K 12/31/2021 |
9302021 | 10272021 | 10-Q 9/30/2021 |
Insider Activity
Expand for MoreOwner | Title | Filing Date | Action | Price | Shares | TransactedValue | Value ofHeld Shares | Form | |
---|---|---|---|---|---|---|---|---|---|
0 | de La Chevardiere Patrick | 5272025 | Sell | 33.58 | 5,000 | 167,900 | 789,970 | Form | |
1 | Raman Aparna | Chief Strategy & Mktg Officer | 4012025 | Sell | 42.28 | 25,133 | 1,062,623 | 1,311,991 | Form |
2 | Rennick Gavin | President New Energy | 2262025 | Sell | 40.92 | 26,990 | 1,104,431 | 2,192,657 | Form |
3 | Rando Bejar Carmen | Chief People Officer | 1312025 | Sell | 40.41 | 5,524 | 223,252 | 1,245,954 | Form |
4 | Merad Abdellah | EVP, Core Services & Equipment | 1292025 | Sell | 41.44 | 60,000 | 2,486,400 | 8,723,203 | Form |
Industry Resources
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