Schlumberger Limited
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 stock reacts to mixed signals: robust contract wins offset by softer North American activity and cautious margins guidance
Shares moved after SLB reported new large international contract awards and reiterated its pivot toward technology and ‘new energy’ while flagging near-term pressure from a slowing North America land market. The combination suggests revenue momentum outside the U.S. is supporting growth even as margins and service-intensity in shale face headwinds, leaving investors focused on execution and margin recovery.
- International contract wins and backlog growth — SLB disclosed several sizable international awards in the past week that expand its integrated services footprint, reinforcing revenue visibility and validating its push into higher-value, technology-driven projects.
- North America land softness — Management cautioned that U.S. land activity remains softer-than-expected, implying lower short-term service volumes in the core oilfield services book and pressure on utilization and pricing for traditional completions work.
- Strategy and margin focus — SLB emphasized its tech-led repositioning and New Energy initiatives while noting margin headwinds from mix and pricing; the implication is that long-term structural upgrades could lift profitability, but near-term results depend on margin recovery and execution on international contracts.
SLB stock reacts to mixed signals: robust contract wins offset by softer North American activity and cautious margins guidance
Shares moved after SLB reported new large international contract awards and reiterated its pivot toward technology and ‘new energy’ while flagging near-term pressure from a slowing North America land market. The combination suggests revenue momentum outside the U.S. is supporting growth even as margins and service-intensity in shale face headwinds, leaving investors focused on execution and margin recovery.
- International contract wins and backlog growth — SLB disclosed several sizable international awards in the past week that expand its integrated services footprint, reinforcing revenue visibility and validating its push into higher-value, technology-driven projects.
- North America land softness — Management cautioned that U.S. land activity remains softer-than-expected, implying lower short-term service volumes in the core oilfield services book and pressure on utilization and pricing for traditional completions work.
- Strategy and margin focus — SLB emphasized its tech-led repositioning and New Energy initiatives while noting margin headwinds from mix and pricing; the implication is that long-term structural upgrades could lift profitability, but near-term results depend on margin recovery and execution on international contracts.
Stock Performance Snapshot
Analyst Rating
Analysts recommend buying Schlumberger's stock with a target price of $45.17, indicating growth potential.
Financial Health
Schlumberger is performing well with strong revenue and cash flow, indicating solid operational efficiency.
Dividend
Schlumberger's average dividend yield of 2.86% offers a decent return if you're seeking dividend income. If you invested $1000 you would be paid $28.60 a year in dividends (based on the last 12 months).
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Explore BasketWhy 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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