Phillips 66 vs SLB

Phillips 66 and SLB are examined side by side to illuminate how each operates in today’s energy landscape. This page compares business models, financial performance, and market context, presenting neutral, accessible explanations of strategy, operations, and sector dynamics without recommendations. Educational content, not financial advice.

Phillips 66 and SLB are examined side by side to illuminate how each operates in today’s energy landscape. This page compares business models, financial performance, and market context, presenting neu...

Comparison Snapshot

Key Financial Metrics

PSX

Metric

SLB

$56.57B

Market Cap

$74.32B

6.10%

Potential Profit

-7.83%

Buy

Analyst Rating

Buy

Why It's Moving

Phillips 66 Fuels Momentum with 2026 Capital Plans and Analyst Upgrades

Announced $2.4B 2026 capital budget, with $1.1B for sustaining operations and the rest fueling expansions like the Western Gateway Pipeline with Kinder Morgan.
Goldman Sachs hiked price target to $164 from $152, while Wolfe Research lifted theirs to $160, backing an 'outperform' outlook on strong refining margins.
Recent insider sales noted, but broader sector gains and a consensus 'Moderate Buy' rating underscore PSX's appeal in volatile energy markets.

Sentiment:

🐃Bullish

SLB eyes Venezuela rebound and digital surge as oilfield services pivot amid crude pressures.

CEO Olivier Le Peuch stated deepwater oilfield activity will inflect positively by late 2026, signaling a key growth phase ahead.
SLB ready to ramp up in Venezuela with existing personnel and equipment, following U.S. ouster of Maduro and customer inquiries, potentially unlocking past $1B revenue levels.
Digital segment, boosted by AI tool Tela, posts double-digit growth forecasts and powers dividend outlook, drawing 'Strong Buy' consensus from Wall Street.

Sentiment:

🐃Bullish

Phillips 66 Fuels Momentum with 2026 Capital Plans and Analyst Upgrades

Announced $2.4B 2026 capital budget, with $1.1B for sustaining operations and the rest fueling expansions like the Western Gateway Pipeline with Kinder Morgan.
Goldman Sachs hiked price target to $164 from $152, while Wolfe Research lifted theirs to $160, backing an 'outperform' outlook on strong refining margins.
Recent insider sales noted, but broader sector gains and a consensus 'Moderate Buy' rating underscore PSX's appeal in volatile energy markets.

Sentiment:

🐃Bullish

SLB eyes Venezuela rebound and digital surge as oilfield services pivot amid crude pressures.

CEO Olivier Le Peuch stated deepwater oilfield activity will inflect positively by late 2026, signaling a key growth phase ahead.
SLB ready to ramp up in Venezuela with existing personnel and equipment, following U.S. ouster of Maduro and customer inquiries, potentially unlocking past $1B revenue levels.
Digital segment, boosted by AI tool Tela, posts double-digit growth forecasts and powers dividend outlook, drawing 'Strong Buy' consensus from Wall Street.

Sentiment:

🐃Bullish

Investment Analysis

Phillips 66

PSX

Pros

Phillips 66 has diverse operations spanning midstream, chemicals, refining, marketing, and renewable fuels, supporting business resilience across energy segments.
The company consistently delivers solid profitability, with net income around $1.7 billion and a healthy dividend yield near 3.5%, providing income stability to investors.
Analysts generally maintain a 'Buy' or 'Hold' consensus with moderate upside expectations, reflecting steady long-term growth potential supported by strategic asset management.

Considerations

Phillips 66 faces cyclical risks linked to commodity price volatility, particularly crack spreads that affect refining margins, introducing earnings uncertainty.
The stock's mid-term price forecasts indicate potential downside risks with projected price dips around 10-12% by late 2025, highlighting short-term downward pressure.
Operational execution challenges exist in scaling its renewable fuels division, posing risks to its strategic pivot and future growth in lower-carbon energy solutions.

SLB

Pros

Schlumberger is a global leader in oilfield services, offering advanced technologies including digital and AI-driven solutions that enhance upstream oil and gas operations.
Its international presence across diverse geographic markets reduces dependence on any single region, providing risk diversification amid fluctuating energy demands.
The company generates steady income with a consistent dividend yield near 2%, supported by long-term contracts and service offerings critical to exploration and production.

Considerations

As an oilfield services provider, Schlumberger’s performance is highly correlated with upstream capital expenditures, making it vulnerable to cyclical downturns in oil exploration activity.
Exposure to geopolitical and regulatory risks in multiple operating regions can impact project timelines and profitability, creating uncertainty in global operations.
Competitive pressure from peers and evolving technology demands require continual investment, which may affect margins and introduce execution risks.

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About The Companies

Phillips 66 (PSX)

Phillips 66 (PSX) is an integrated energy company operating across refining, midstream and petrochemical businesses. With a market capitalisation of about $51.97B, it runs refineries, fuel marketing, pipelines and a stake in chemical production via joint ventures. Investors should know the business is cyclical and sensitive to crude oil prices, refining margins and seasonal demand. The company historically returned cash to shareholders through dividends and buybacks, which can appeal to income-oriented investors, but these distributions depend on earnings and capital allocation choices. Key strengths include a diversified asset footprint and exposure to both fuels and chemicals; key risks include commodity-price volatility, regulatory and environmental shifts, and demand changes from energy transition trends. This summary is for educational purposes only and is not personal financial advice — suitability depends on an investor’s goals, time horizon and risk tolerance, and returns are not guaranteed.

SLB (SLB)

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.

Phillips 66 (PSX) Next Earnings Date

Phillips 66 (PSX) is scheduled to report its next earnings on Wednesday, February 4, 2026, before market open. This release will cover the fourth quarter and full-year 2025 results, with a conference call to follow. The date aligns with the company's historical reporting pattern and investor relations announcements.

SLB (SLB) Next Earnings Date

Schlumberger's next earnings report is expected between April 16-24, 2026, with most sources indicating a date in mid-to-late April. The report will cover first-quarter 2026 results. Analysts are currently projecting earnings per share in the range of $0.74 to $0.76 for the quarter. This timing aligns with the company's historical quarterly earnings release schedule.

Phillips 66 (PSX) Next Earnings Date

Phillips 66 (PSX) is scheduled to report its next earnings on Wednesday, February 4, 2026, before market open. This release will cover the fourth quarter and full-year 2025 results, with a conference call to follow. The date aligns with the company's historical reporting pattern and investor relations announcements.

SLB (SLB) Next Earnings Date

Schlumberger's next earnings report is expected between April 16-24, 2026, with most sources indicating a date in mid-to-late April. The report will cover first-quarter 2026 results. Analysts are currently projecting earnings per share in the range of $0.74 to $0.76 for the quarter. This timing aligns with the company's historical quarterly earnings release schedule.

Which Baskets Do They Appear In?

Oil & Gas

Fuel up with investment opportunities in the energy markets. This collection features carefully selected stocks from industry giants and innovators, chosen by professional analysts for their potential in the growing $6.93 trillion global oil and gas market.

Published: May 15, 2025

Explore Basket

Which Baskets Do They Appear In?

Oil & Gas

Fuel up with investment opportunities in the energy markets. This collection features carefully selected stocks from industry giants and innovators, chosen by professional analysts for their potential in the growing $6.93 trillion global oil and gas market.

Published: May 15, 2025

Explore Basket

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Phillips 66 vs SLB

Comparison Snapshot

Why It's Moving

Phillips 66 Fuels Momentum with 2026 Capital Plans and Analyst Upgrades

SLB eyes Venezuela rebound and digital surge as oilfield services pivot amid crude pressures.

Phillips 66 Fuels Momentum with 2026 Capital Plans and Analyst Upgrades

SLB eyes Venezuela rebound and digital surge as oilfield services pivot amid crude pressures.