Lumida
/SLB
⌘K
Slb NV

Slb NV

SLB
$46.99USD↓-0.19%-0.09 today

MARKET CAP

70.3B

P/E (TTM)

20.5x

FWD P/E

—

DAY RANGE

$46 – $47

52W RANGE

$32
$59

AI Summary

Stalk
Sell NowMedium

SLB remains in a Stage 4 Decline with both long- and medium-term downtrends intact, as price continues to form lower highs and lower lows. Rallies are failing at declining 9- and 21-EMAs, and short-term price is rejecting resistance despite oversold conditions. Medium-term directional bias is bearish, and execution readiness favors selling now on pullbacks into the 9/21 EMA zone for continuation participation.

  • ↑High earnings yield and $4 B planned shareholder returns by 2026.
  • ↑Digital solutions revenue grew 9% YoY to $640 M in Q1.
  • ↓Q1 revenue declined 3% YoY to $8.5 B; international down 5%.
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

SLB (NYSE: SLB) is a leading technology and services company in the oil and gas industry, specializing in reservoir characterization, drilling, production, and digital solutions. The company is well-positioned to capitalize on upcoming growth opportunities in the energy sector through its digital transformation initiatives and its focus on production recovery technologies. SLB also operates in emerging fields, such as carbon capture and renewable energy, aiming to navigate the ongoing energy transition while maintaining its competitive edge.

Bull says

  • ↑High earnings yield and $4 B planned shareholder returns by 2026.
  • ↑Digital solutions revenue grew 9% YoY to $640 M in Q1.
  • ↑ChampionX deal to deliver $400 M annual pre-tax synergies.
  • ↑Strong oil-price sensitivity positions SLB to benefit from rallies.
  • ↑Solid momentum, attractive book-to-price and 1.07% dividend yield.
  • ↑Management expects offshore drilling rebound and diversified buffer.

Bear says

  • ↓Q1 revenue declined 3% YoY to $8.5 B; international down 5%.
  • ↓EPS fell to $0.52 from $0.72 prior year; EBITDA margin down 346 bps.
  • ↓Negative growth and revision trends signal weakening analyst confidence.
  • ↓High decremental margins and pressure on profitability ratios.
  • ↓Operational disruptions could cut Q2 EPS by $0.06–$0.08.
  • ↓Short interest rise indicates growing investor skepticism.

Investment themes with SLB

Oil Services↑ +1.53%

Companies providing services to oil and gas industry

SLB · BKR · HAL
High Dividend Yield↑ +0.32%

Companies paying above-average dividends

AVGO · JPM · XOM

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 04-24-2026neutral

Transcript signals

Bull points

  • forward-looking
  • Production systems' year-on-year revenue increased 23% due to the acquisition of ChampionX, which continued to deliver accretive growth
  • digital revenue increased 9% year-on-year, driven by strong uptake in digital operations

Bear points

  • It was a challenging start of the year, marked by severe disruption in the Middle East that impacted our first quarter with revenue and earnings
  • further activity curtailments followed as a result of production shut-ins
  • unfavorable activity mix and higher costs further weighed on the quarter
Read full transcript analysis ›