Schlumberger (SLB) Stock
Global oilfield services giant powering energy extraction. Here's the price, business snapshot, and what's worth knowing about Schlumberger in October 2026.
Schlumberger Limited (SLB) is one of the world’s largest oilfield services companies, providing drilling, well services, reservoir characterisation, production optimisation and digital solutions to upstream energy companies. Investors should know the business is closely linked to oil and gas capital expenditure cycles and commodity prices, which can drive revenue and profit volatility. Schlumberger’s global scale, broad service offering and investments in automation and data analytics can support margin improvement during industry upturns, while exposure to geopolitical risk, project timing and competitive pressure can weigh on results. Market cap is around $50.07B. This summary is for educational purposes only and is not personal investment advice; values can rise and fall and past performance is not a guarantee of future results. Consider your own risk tolerance and review company filings before deciding.
Why It’s Moving
SLB Shares Rally on Q3 Earnings Beat and AI-Driven Growth Outlook
- Q3 revenue reached $9.45 billion, beating consensus estimates, while adjusted EBITDA margins expanded by 71 basis points sequentially to 21.9%, demonstrating improved operational efficiency across all four divisions.
- The company highlighted significant momentum in its Digital and Data Center Solutions segments, which saw a 76% year-over-year surge driven by AI infrastructure demand, supporting projections for 30% EPS growth in 2027.
- Despite geopolitical headwinds in the Middle East, resilient demand in North American land and international deepwater markets allowed SLB to guide for ~$10 billion in Q4 revenue, reinforcing analyst upgrades from neutral to bullish.
SLB Shares Rally on Q3 Earnings Beat and AI-Driven Growth Outlook
- Q3 revenue reached $9.45 billion, beating consensus estimates, while adjusted EBITDA margins expanded by 71 basis points sequentially to 21.9%, demonstrating improved operational efficiency across all four divisions.
- The company highlighted significant momentum in its Digital and Data Center Solutions segments, which saw a 76% year-over-year surge driven by AI infrastructure demand, supporting projections for 30% EPS growth in 2027.
- Despite geopolitical headwinds in the Middle East, resilient demand in North American land and international deepwater markets allowed SLB to guide for ~$10 billion in Q4 revenue, reinforcing analyst upgrades from neutral to bullish.
Sixth Month Growth Performance
When is the next earnings date for Schlumberger (SLB)?
The next earnings date for SLB has not been confirmed yet. Based on the company's historical reporting pattern of approximately three months between releases, the expected timing is late January 2027. This upcoming report will cover the fourth quarter of fiscal year 2026.
Stock Performance Snapshot
Analyst Rating
Analysts recommend buying Schlumberger's stock with a target price of $57.75, indicating growth potential.
Financial Health
Schlumberger is generating substantial revenue and cash flow, indicating strong financial performance.
Dividend
Schlumberger's dividend yield of 2.21% offers a modest return for investors seeking income. If you invested $1000, you would be paid $22.10 a year in dividends (based on the last 12 months).
Why You’ll Want to Watch This Stock
Cyclicality & Growth
Earnings and activity historically follow oil prices and upstream capex, offering upside in recoveries but exposing investors to pronounced cycles.
Wide Global Footprint
A diverse geographic presence can capture demand across basins, though it brings geopolitical and operational complexity that can affect results.
Tech and Efficiency
Investment in digital tools and automation aims to boost productivity and margins, but adoption speed and competition influence outcomes.
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