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World's largest oilfield-services company, providing drilling, reservoir evaluation and production technology to oil and gas producers.
World's largest oilfield-services company, providing drilling, reservoir evaluation and production technology to oil and gas producers.
Is paid by oil and gas producers under contracts for services and equipment tied to wells and fields, so revenue follows producers' spending rather than oil prices directly. Outside North America, including the Middle East and offshore projects, carries most of the business. It was renamed from Schlumberger to SLB in 2022.
Moat: narrow (scale, IP / patents, installed base). Global technology scale and deep operator relationships across basins worldwide.
Headquarters: Houston, US · Founded: 1926 · Employees: 109,000
Size Schlumberger (SLB) is a United States Energy company (Contract Drilling) with a market value of $73.7B, the 183rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $49.92 on 6 Nov 2026.
Performance Over six months the shares fell 6.3%, against -15.3% for the median peer and -1.1% for the United States market (cap-weighted) — 6th highest of 19 in its peer set.
Growth Revenue grew 4.6% over the last twelve months (peer median +5.7%); the operating margin is 13.7% (peer median 11.2%).
Valuation It trades at 17.2× forward earnings against a peer median of 14.8× (8th most expensive of 17).
Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.2 points above its cost of capital (8.4% WACC).
Credit Schlumberger has 14 bonds outstanding ($7.60B), rated A+ by the agencies and trading like A at a weighted spread of 56 bp.
Short interest Short interest is 3.8% of the free float (15 Oct 2026).
Next results Next results expected around 15 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $36.9B | $35.7B | $36.3B | $33.1B | $28.2B |
| Revenue growth | — | -2% | +10% | +18% | — |
| Gross profit | $6.07B | $5.98B | $7.65B | $6.48B | $5.49B |
| EBITDA | $7.48B | $7.04B | $8.40B | $7.17B | $6.15B |
| Net income | $3.10B | $3.37B | $4.46B | $4.20B | $3.44B |
| Free cash flow | $4.56B | $4.79B | $4.67B | $4.70B | $2.10B |
| Capital expenditure | $2.10B | $1.95B | $2.13B | $2.09B | $1.72B |
| Total debt | $12.8B | $12.5B | $12.8B | $12.8B | $12.9B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Schlumberger SLB | $73.7B | -6% | +5% | 14% | 17.2× | 7.3% |
| Halliburton HAL | $26.3B | -20% | +2% | 13% | 11.7× | -0.3% |
| Baker Hughes BKR | $47.5B | -25% | +4% | 12% | 17.4× | 10.0% |
| Weatherford International WFRD | $6.12B | -17% | -6% | 14% | 13.4× | -4.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SLB | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.9% | -5.2% | 5th highest of 19 |
| 6-month return | -6.3% | -15.3% | 6th highest of 19 |
| Distance from 52-week high | -17.4% | -28.5% | 4th highest of 19 |
| Revenue growth (TTM) | +4.6% | +5.7% | 9th lowest of 19 |
| Operating margin | 13.7% | 11.2% | 7th highest of 19 |
| Forward P/E | 17.2× | 14.8× | 8th most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | 7.3% | 11.6% | 6th least demanding of 14 |
| Growth delivered (Del g) | +8.6% | +10.9% | 7th lowest of 14 |
| Hurdle (Req g minus delivered) | -1.4 pp | +3.7 pp | 6th least demanding of 14 |
| ROIC minus cost of capital | +2.2 pp | -3.4 pp | 4th highest of 19 |
| EV / EBITDA | 11.2× | 7.0× | 4th most expensive of 19 |
| Net debt / EBITDA | 1.2× | 1.6× | 8th least indebted of 19 |
| Bond spread | 56 bp | 173 bp | tightest of 5 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Schlumberger SLB | United States | $73.7B | -6% | +5% | 14% | 17.2× | 7.3% | +8.6% |
| Baker Hughes BKR | United States | $47.5B | -25% | +4% | 12% | 17.4× | 10.0% | +6.0% |
| China Oilfield Services 2883.HK | Hong Kong | $7.31B | -18% | +7% | 12% | 6.7× | -10.3% | +10.9% |
| Noble NE | United States | $6.53B | -18% | -13% | 11% | 36.8× | 19.0% | +27.8% |
| Transocean RIG | United States | $5.85B | -18% | +4% | 21% | 19.4× | 3.8% | +4.7% |
| Valaris VAL | United States | $5.54B | -16% | -12% | 11% | 11.1× | n/a | n/a |
| Sinopec Oilfield Service 1033.HK | Hong Kong | $4.72B | -14% | +3% | 2% | 13.8× | 12.0% | +2.7% |
| Helmerich & Payne HP | United States | $3.52B | -7% | +17% | 3% | 26.3× | 19.9% | +16.1% |
| Seadrill SDRL | United States | $2.63B | -13% | +17% | 10% | 15.8× | 16.0% | +6.3% |
| Odfjell Drilling ODL.OL | Norway | $2.57B | +4% | +11% | 23% | 10.0× | n/a | n/a |
| Precision Drilling PD.TO | Canada | $1.16B | +6% | +8% | 7% | 11.4× | 11.6% | +14.5% |
| Nabors Industries NBR | United States | $1.11B | -25% | +5% | 8% | 19.1× | 4.0% | +8.3% |
| Borr Drilling BORR | United States | $1,000M | -45% | +3% | 21% | n/a | n/a | n/a |
| Major Drilling Group International MDI.TO | Canada | $893M | -5% | +23% | 6% | 23.1× | 21.7% | +15.5% |
| Sed Energy ENH.OL | Norway | $520M | -25% | +91% | 36% | 5.7× | -10.9% | +38.2% |
| Ensign Energy Services ESI.TO | Canada | $517M | +6% | -1% | 1% | 34.7× | 41.1% | +11.8% |
| Ventura Offshore VTURA.OL | Norway | $371M | +3% | -2% | 34% | n/a | 3.6% | -2.5% |
| PHX Energy Services PHX.TO | Canada | $342M | -9% | +7% | 4% | 8.9× | n/a | n/a |
| Akastor AKAST.OL | Norway | $316M | -31% | +67% | 34% | 9.9× | n/a | n/a |
Schlumberger has 14 bonds outstanding with $7.60B face value. The agencies rate it A+; its bonds trade like A. Weighted yield 5.17%, a spread of 56 bp over government bonds.