SLB N.V. (SLB) Q2 2026 Earnings Call July 24, 2026 9:30 AM EDT
Company Participants
James McDonald - Senior Vice President of Investor Relations & Industry Affairs
Olivier Le Peuch - CEO & Director
Stephane Biguet - Executive VP & CFO
Conference Call Participants
Scott Gruber - Citigroup Inc., Research Division
James West - Melius Research LLC
John Anderson - Barclays Bank PLC, Research Division
Neil Mehta - Goldman Sachs Group, Inc., Research Division
Arun Jayaram - JPMorgan Chase & Co, Research Division
Derek Podhaizer - Piper Sandler & Co., Research Division
Keith MacKey - RBC Capital Markets, Research Division
Saurabh Pant - BofA Securities, Research Division
Marc Bianchi - TD Cowen, Research Division
Presentation
Operator
Good morning. My name is Sarah, and I will be your conference operator today. I would like to welcome everyone to the Second Quarter SLB Earnings Call. [Operator Instructions] As a reminder, this call is being recorded.
I will now turn the call over to James R. McDonald, Senior Vice President of Investor Relations and Industry Affairs. Please go ahead.
James McDonald
Senior Vice President of Investor Relations & Industry Affairs
Thank you, Sarah. Good morning, and welcome to the SLB Second Quarter 2026 Earnings Conference Call. Today's call is being hosted from London, following our Board meeting held earlier this week. Joining us on the call are Olivier Le Peuch, Chief Executive Officer; and Stephane Biguet, Chief Financial Officer.
Before we begin, I would like to remind all participants that some of the statements we will be making today are forward-looking. These matters involve risks and uncertainties that could cause the results to differ materially from those projected in these statements. For more information, please refer to our latest 10-K filing and other SEC filings, which can be found on our website. Our comments today also include non-GAAP financial measures. Additional details and reconciliations to the most directly
Key Takeaways SLB reported Q2 2026 EPS of 55 cents, beating estimates on revenue growth in Digital and Production Systems.SLB's Digital revenues increased 18% y/y, while annualized recurring revenues rose 15% to $1.04 billion.SLB expects Data Center Solutions to exceed a $1 billion annualized revenue run rate by year-end. SLB N.V. (SLB - Free Report) reported second-quarter 2026 adjusted earnings per share (EPS) of 55 cents, which beat the Zacks Consensus Estimate of 51 cents by 7.84%. The bottom line declined 26% from 74 cents in the year-ago quarter.
The oilfield services giant recorded quarterly revenues of $8.97 billion, which topped the Zacks Consensus Estimate of $8.71 billion by around 3%. The top line increased 5% year over year from $8.55 billion.
The better-than-expected quarterly results were primarily driven by growth in Digital and Production Systems, along with broad-based gains outside the Middle East. As of June 30, 2026, digital annualized recurring revenues reached $1.04 billion, up 15% from the prior-year figure of $904 million.
SLB's Geographic Mix Supports GrowthInternational revenues were $6.67 billion, down 3% year over year. North America revenues increased 36% year over year to $2.24 billion. ChampionX contributed $870 million in quarterly revenues.
Latin America revenues increased 9% year over year to $1.71 billion, aided by higher OneSubsea revenues, digital exploration sales and offshore drilling in Brazil. Europe and Africa revenues declined 3% to $2.39 billion, while Middle East and Asia revenues fell 16% to $2.57 billion.
Digital Momentum Lifts SLB ResultsDigital revenues increased 18% year over year to $697 million from $591 million in the year-ago quarter. Growth was driven by stronger Digital Exploration sales in Brazil and Indonesia, and wider adoption of Digital Operations. Lower sales of permanent licenses caused a minor dip in Platforms and Applications, which was slightly offset by higher SaaS-based revenues.
The segment's pretax operating income increased 27% year over year to $194 million. Pretax operating margin expanded 187 basis points to 27.8%, supported by exploration data license sales and improved profitability in Digital Operations and Platforms and Applications.
SLB Core Segments Face Uneven TrendsReservoir Performance revenues declined 8% year over year to $1.56 billion from $1.69 billion recorded in the year-ago quarter, as lower evaluation, stimulation and intervention activity in the Middle East offset stronger activity in Europe and Africa, and Asia. Pretax operating income fell 26% to $232 million.
Well Construction revenues decreased 7% year over year to $2.74 billion from $2.96 billion recorded a year ago. Pretax operating income dropped 24% to $417 million. Middle East disruptions remained the main pressure, partly offset by increased offshore drilling in Latin America and improved U.S. land activity.
Production Systems Strengthens SLB's QuarterProduction Systems revenues increased 29% year over year to $3.77 billion from $2.93 billion. The ChampionX production chemicals and artificial lift businesses contributed $865 million. Excluding the acquisition, segment revenues declined 1% year over year.
Pretax operating income increased 19% to $586 million, while margin contracted 120 basis points year over year to 15.5%. Margin shrank due to weak results in surface production systems and completions, but profit from ChampionX’s production chemical and lift businesses partially offset the decline.
SLB Cash Flow & Capital Returns ImproveCash flow from operations was $1.36 billion in the second quarter, while free cash flow totaled $716 million. SLB ended June with $4.07 billion in cash and short-term investments and $11.14 billion in long-term debt.
The company repurchased 12 million shares for $648 million during the quarter. Its board approved a quarterly cash dividend of 29.5 cents per share, payable Oct. 8, 2026, to shareholders of record as of Sept. 2.
Data Center Growth & SLB's OutlookData Center Solutions revenues reached $186 million, increasing 80% year over year. First-half revenues increased 63% to $327 million. Management expects the business to exceed a $1 billion annualized revenue run rate by year-end. SLB expects Data Center Solutions to surpass a $2 billion annualized revenue run rate exiting 2027.
The company maintained its 2026 capital investment guidance at approximately $2.5 billion, covering capital expenditures, exploration data costs and Asset Performance Solutions investments.
SLB’s Zacks Rank & Key PicksSLB currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks from the energy sector that have yet to release their second-quarter 2026 earnings are Cheniere Energy, Inc. (LNG - Free Report) , TechnipFMC plc (FTI - Free Report) and NOV Inc. (NOV - Free Report) . LNG sports a Zacks Rank #1 (Strong Buy), while NOV and FTI carry a Zacks Rank #2 (Buy) each, at present. You can see the complete list of today’s Zacks Rank #1 stocks here.
Houston, TX-based Cheniere Energy is primarily engaged in the liquefied natural gas business. LNG owns and operates major liquefaction and export facilities on the U.S. Gulf Coast, including the Sabine Pass and Corpus Christi terminals.The company is involved in liquefied natural gas and natural gas marketing. With growing demand for cleaner energy, LNG is well-positioned to meet this need through its liquefaction and export facilities. Cheniere Energy is scheduled to release second-quarter 2026 earnings on Aug. 6, 2026.
TechnipFMC provides advanced technologies, products and services for subsea, surface and onshore/offshore energy projects. As global oil and gas demand is expected to grow, the company is leveraging its iEPCI Subsea, iComplete Integrated System, Subsea Studio and record backlog of more than $16.5 billion as of March-end 2026 to drive future growth. FTI is scheduled to release second-quarter 2026 earnings on July 30, 2026.
Houston, TX-based NOV is a global leader in the design, manufacture and sale of advanced equipment and components used in the oil and gas drilling, production, and renewable energy sectors. By leveraging its extensive proprietary technology portfolio, the company is well-positioned to reduce marginal costs and capitalize on the growing demand for oil and gas in the coming years. NOV is scheduled to release second-quarter 2026 earnings on July 28, 2026.
AI’s Power Crunch Fuels a Pivot for These 2 Oilfield StocksSLB NYSE: SLB reported second-quarter revenue of $9 billion, up 3% sequentially, as growth in Latin America, Europe and Africa, U.S. land and Asia more than offset disruptions in the Middle East. Adjusted earnings per share were $0.55, up $0.03 from the prior quarter but down $0.19 from a year earlier, according to Chief Financial Officer Stephane Biguet.
The company said Middle East revenue declined 13% sequentially to $1.66 billion amid conflict-related operational disruptions. SLB took temporary cost actions to limit the earnings impact, and Biguet said the resulting effect on earnings per share was slightly below the low end of the company’s previously indicated $0.06 to $0.08 range.
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MarketBeat Week in Review – 05/04 - 05/08Despite those disruptions, SLB said its pre-tax segment operating margin increased 49 basis points sequentially and adjusted EBITDA margin rose 83 basis points.
Production Systems and Digital Lead Growth Chief Executive Officer Olivier Le Peuch said growth outside the Middle East was broad-based, supported by higher offshore activity in Brazil, Guyana, Mexico, Scandinavia, Nigeria, China, Indonesia, India and Australia. U.S. land activity also improved, with higher demand for production chemicals, artificial lift and valves.
SLB’s Tough Quarter Masks a Powerful Long-Term ShiftProduction Systems was the company’s largest division in the quarter, with revenue rising 7% sequentially to $3.8 billion. The increase was driven by OneSubsea, artificial lift, valves, surface production systems and completions. Pre-tax operating margin improved 138 basis points to 15.5%, aided by better profitability in OneSubsea and artificial lift, as well as contributions from ChampionX’s Production Chemicals and Artificial Lift businesses.
Le Peuch said Production Systems adjusted EBITDA margins returned to above 20%. He added that ChampionX delivered sequential margin expansion for a third consecutive quarter despite inflation in chemicals.
Digital revenue increased 9% sequentially to $697 million, while pre-tax operating margin rose 683 basis points to 27.8%. Digital adjusted EBITDA margin reached 34.7%, up 860 basis points sequentially, driven by exploration data licenses and transfer fees in Brazil and Indonesia, along with improved profitability in digital operations, platforms and applications. SLB said digital annual recurring revenue increased 15% year over year.
Reservoir Performance revenue declined 2% sequentially to $1.6 billion, and Well Construction revenue also fell 2% to $2.7 billion, primarily because of Middle East disruptions. Well Construction margin was essentially flat as lower profitability in the Middle East was offset by improved profitability in North America and Latin America.
Middle East Recovery Remains Uneven Management said activity resumed in several Middle Eastern countries during the quarter, though operations in Iraq remained constrained by security concerns. Le Peuch said recovery will vary by country, customer and operating environment, and a return to full activity will take time.
During the question-and-answer session, Le Peuch said customer engagement had increased as operators plan to restore shut-in wells, expand capacity and deploy production-recovery solutions. He said activity had been restored and was strengthening in the United Arab Emirates, Qatar and, to some extent, Saudi Arabia, while Iraq remained more constrained.
SLB expects initial recovery work to include well intervention, production chemicals, coiled tubing and other ChampionX-related production and recovery offerings. Management also said the disruption could accelerate interest in digital tools to optimize existing wells and operations.
For the third quarter, SLB’s base case assumes a gradual Middle East recovery and calls for global sequential revenue growth of 3% to 4%, with approximately 75 basis points of adjusted EBITDA margin expansion. Core-division revenue is expected to rise in the low- to mid-single digits, while Digital revenue is projected to increase in the low single digits.
The company also outlined a downside scenario in which renewed escalation prevents remobilization efforts and leaves Middle East revenue flat sequentially. In that case, third-quarter revenue would be about $150 million below its base case and adjusted EBITDA would face an approximately $75 million headwind, primarily in Well Construction and Reservoir Performance.
Deepwater Activity and Fourth-Quarter Outlook Le Peuch said the market is beginning to show characteristics of an upcycle, citing the need to replenish inventories and strategic reserves, diversify supply, develop domestic resources and rebuild spare capacity. He said third-party reports indicate final investment decisions for long-cycle projects could increase about 30% year over year in 2026.
SLB expects stronger exploration spending and deepwater capital investment during the second half of 2026, led by Africa, with a more meaningful impact in 2027 across Latin America, the Mediterranean and Asia. Management also highlighted continued activity in Brazil, Guyana, Suriname, the North Sea and the Gulf of America.
The company reiterated its ambition for OneSubsea bookings to reach $9 billion over two years. Le Peuch said SLB is expanding its subsea portfolio, including trees, manifolds, umbilicals, processing and boosting solutions, while pursuing life-of-field service capabilities and alliances with customers and partners.
For the fourth quarter, SLB expects Middle East revenue of $2.1 billion to $2.2 billion, or roughly 95% of the level achieved in the fourth quarter of 2025. Assuming that recovery, continued deepwater momentum and typical year-end Digital product sales, the company expects fourth-quarter revenue to exceed $10 billion, representing about 5% year-over-year growth. Adjusted EBITDA margin is expected to be about 24%.
Data Center Business Expands SLB said its data center solutions revenue grew 33% sequentially and 80% year over year. The business added hyperscaler customers and expanded from equipment manufacturing into data center design, engineering and system integration.
Le Peuch said SLB uses off-site fabrication to produce modular equipment for server infrastructure and cooling systems, aiming to provide customers with shorter delivery times and scalable deployment. The company said its backlog is already sufficient to support an annualized revenue run rate exceeding $2 billion by the end of 2027.
Biguet said the data center business is not currently accretive to SLB’s overall margins, but it is accretive to revenue and earnings growth and has strong free-cash-flow characteristics because of its capital-light business model and contract terms.
SLB generated $1.4 billion in cash flow from operations and $716 million in free cash flow during the quarter. It ended the period with net debt of $8.7 billion, repurchased $648 million of stock, and maintained its full-year target to return more than $4 billion to shareholders through dividends and buybacks.
About SLB (NYSE:SLB)SLB NYSE: SLB, historically known as Schlumberger, is a leading global provider of technology, integrated project management and information solutions for the energy industry. Founded by Conrad and Marcel Schlumberger in 1926, the company develops and supplies products and services used across the exploration, drilling, completion and production phases of oil and gas development. Its offerings are intended to help operators characterize reservoirs, drill and complete wells, optimize production and manage field operations throughout the asset lifecycle.
SLB's product and service portfolio spans reservoir characterization and well testing, wireline and logging services, directional drilling and drilling tools, well construction and completion technologies, production systems, and subsea equipment.
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Key Takeaways Brent Crude Slides Below $100/bbl, Pre-Markets AdvanceAXP, NEE, SLB and VZ Beat on Earnings, Mixed on RevenuesS&P Flash PMI Due After the Open, Along with New Home Sales Friday, July 24th, 2026
Pre-market activity is seeing some buying activity after Thursday’s big drop in all major indexes. We still see violence in Iran, with the U.S. dropping bombs overnight for the 13th-straight day. Iran has rejected a cease-fire agreement brought forth by neighboring Iraq. The end of this turmoil does not appear to be in sight.
Nevertheless, spot oil prices have cooled from yesterday, -3% on both WTI and Brent crude, to $89 per barrel (/bbl) and $97/bbl, respectively. The international Brent index pushing over $100 yesterday was a strong catalyst for the market selloff. Unfortunately, save any new serious peace talks, we can expect the dance at these levels to continue.
Bond yields are not fluctuating quite the same way: they’ve risen over the past week and stayed there: +4.68% on the 10-year is the highest of President Trump’s second term so far. Same with the 2-year yield, which stands at +4.33% currently. Historically, the bond yield flexes much muscle in expressing its approval, or lack thereof, of economic conditions. It pays to keep an eye on these charts.
Q2 Earnings Reports Ahead of the Open: AXP, NEE & More
American Express (AXP - Free Report) , as per usual, outperformed earnings expectations this morning, reporting $4.53 per share versus a consensus estimate of $4.41. Revenues were breakeven at $19.64 billion in its Q2. AmEx’s high-end Platinum card became the credit card giant’s fastest growing product, depicting continued strength from the high-end consumer. That said, shares are -4% in early trading, deepening the -8% losses since the start of the year. For more on AXP’s earnings, click here.
NextEra Energy (NEE - Free Report) reported mixed quarterly results this morning, reporting earnings of $1.15 per share versus $1.09 projected, for a +5.5% positive earnings surprise and year over year growth of a solid dime per share. Revenues, however, came in well short of estimates to $7.53 billion in the quarter. Forward guidance was in line with previous Zacks consensus. Yet increased demand has set the stock in positive territory pre-market on the news.
Oilfield services major SLB Corp. (SLB - Free Report) , formerly Schlumberger, beat earnings estimates by 4 cents to $0.55 per share this morning, with Q2 revenues of $8.97 billion outpacing forecasts by +3%, and up nicely from $8.55 billion reported in the year-ago quarter. Shares are up +4% in today’s pre-market, adding to the solid +23% gains year to date. For more on SLB’s earnings, click here.
Verizon (VZ - Free Report) put up mixed Q2 results this morning, beating on the bottom line by 3 cents with earnings of $1.30 per share (8 cents higher than the year-ago quarter) while revenues of $34.25 billion came up short of estimates by -3%. Post-paid phone adds was a highlight in the company’s report, and shares are up modestly in today’s pre-market, adding to the +7.6% gains year to date. For more on VZ’s earnings, click here.
What to Expect from the Stock Market Today
After the opening bell this morning, S&P flash Services PMI for July will be released. Expectations are for a slight increase to 51.5, as the final FIFA World Cup matches saw higher demand for services in New York/New Jersey, Houston, Seattle and elsewhere. Also S&P flash Manufacturing PMI is also expected to increase half a point to 54.4. The prior month’s flash number had been revised downward fairly drastically in its final to 53.9, so these figures appear fairly active currently.
New Home Sales for June also hit the tape after today’s open. Analysts expect a rebound off lows in May not seen since the start of the year, from 580K to 606K seasonally adjusted, annualized units. It’s no secret new home sales have faced significant headwinds over the past couple years, but we look for signs of lasting improvement. The 2026 high was 664 seasonally adjusted, annualized units.
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Published in communications earnings finance oil-energy
Index Dow Jones +0,27 % na 51848,77 b., S&P 500 +0,11 % na 7416,35 b., Nasdaq Composite -0,47 % na 25018,65 b.
Americké akcie se v úvodu páteční seance obchodují smíšeně, když investoři vyhodnocují další várku kvartálních výsledků. Zatímco indexy Dow Jones a S&P 500 mírně rostou, technologický Nasdaq ztrácí, přičemž pod tlakem zůstávají informační technologie. Naopak se daří realitnímu, energetickému a zdravotnickému sektoru.
Telekomunikační společnost Verizon reportovala za 2Q očištěný zisk na akcii ve výši 1,30 USD, čímž překonala očekávání analytiků na úrovni 1,27 USD. Volné peněžní toky meziročně vzrostly o 24,4 % na 6,4 mld. USD a počet nových zákazníků širokopásmového připojení dosáhl 348 tis. Společnost zvýšila celoroční výhled očištěného zisku na akcii na 4,99 až 5,04 USD (z 4,95 až 4,99 USD) a očekává růst volných peněžních toků o 9 až 10 %. Analytici pozitivně hodnotili nižší odchodovost zákazníků a příznivý vývoj hospodaření. Akcie Verizonu přidávají 2,94 %.
Kabelový operátor Charter Communications vykázal za 2Q tržby ve výši 13,53 mld. USD, které meziročně poklesly o 1,7 %, ale mírně překonaly očekávání trhu. Očištěný zisk EBITDA meziročně klesl o 4,3 % na 5,45 mld. USD a zaostal za konsensem ve výši 5,58 mld. USD, přičemž nižší než očekávané byly rovněž volné peněžní toky (0,97 mld. USD oproti očekávaným 1,14 mld. USD). Počet zákazníků internetových služeb se snížil o 166 tis., zatímco počet mobilních linek vzrostl o 406 tis. Společnost nadále očekává celoroční kapitálové výdaje přibližně 11,4 mld. USD. Akcie Charter Communications odepisují 4,45 %.
Také telekomunikační a mediální konglomerát Comcast reportoval své kvartální výsledky za 2Q roku 2026. Výnosy sice meziročně poklesly o 1,2 %, překonaly však očekávání analytiků. Nad odhady se umístil rovněž očištěný zisk na akcii a volné peněžní toky. Streamovací služba Peacock poprvé vykázala kladný očištěný zisk EBITDA, když těžila mimo jiné z vysílání play-off NBA a mistrovství světa ve fotbale. Akcie Comcast +1,67 %.
Americká finanční společnost American Express reportovala za 2Q zisk na akcii ve výši 4,53 USD, nad očekáváním analytiků na úrovni 4,41 USD. Tržby meziročně vzrostly o 10 % na 19,64 mld. USD, avšak mírně zaostaly za konsensem, obdobně jako příjmy z poplatků za karty (2,86 mld. USD oproti očekávaným 3,01 mld. USD). Pozitivně překvapily nižší opravné položky na úvěrové ztráty, které meziročně poklesly o 21 % na 1,1 mld. USD. Společnost zvýšila celoroční výhled růstu tržeb na 10 %. Akcie American Express -6,06 %.
Americká společnost SLB (dříve Schlumberger), která poskytuje služby v oblasti ropného průmyslu vykázala za 2Q očištěný zisk na akcii ve výši 0,55 USD, zatímco analytici očekávali 0,51 USD. Tržby meziročně vzrostly o 5 % na 8,97 mld. USD, přičemž růst ve většině zahraničních regionů a vyšší výnosy divize Production Systems (3,77 mld. USD, +24 % meziročně) kompenzovaly slabší vývoj na Blízkém východě. Volné peněžní toky dosáhly 716 mil. USD a výrazně překonaly konsensus ve výši 327 mil. USD. Analytici vyzdvihli zejména rychlý růst segmentu datových center a přínos akvizice ChampionX. Akcie SLB přidávají 9,66 %.
Akcie výrobce paměťových medií Sandisk odepisují 8,5 %, když investoři upravovali své pozice před zveřejněním kvartálních výsledků a vybírali zisky v sektoru paměťových čipů.
Index S&P 500 +0,11 % na 7416,35 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Reality +2,5 % Informační technologie -0,7 % Energie +1,2 % Zbytná spotřeba -0,1 % Zdravotní péče +0,9 % Finanční sektor +0,2 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Digital Realty Trust (DLR) +14 % Sandisk Corp (SNDK) -8,5 % SLB (SLB) +9,5 % Coherent Corp (COHR) -8,0 % Equinix (EQIX) +6,7 % CH Robinson Worldwide (CHRW) -6,8 % Universal Health Services (UHS) +6,3 % Lumentum Holdings (LITE) -6,7 % ServiceNow (NOW) +5,1 % Robinhood Markets (HOOD) -6,6 %
Zdroj: Bloomberg
SLB logged higher revenue in the second quarter, as higher offshore activity and strong demand across its quickly growing data-center business helped to offset continued disruptions across the Middle East.
SLB (SLB - Free Report) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.74 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +7.84%. A quarter ago, it was expected that this world's largest oilfield services company would post earnings of $0.51 per share when it actually produced earnings of $0.52, delivering a surprise of +1.96%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
SLB, which belongs to the Zacks Technology Services industry, posted revenues of $8.97 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.95%. This compares to year-ago revenues of $8.55 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
SLB shares have added about 23% since the beginning of the year versus the S&P 500's gain of 8.2%.
What's Next for SLB?While SLB has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for SLB was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.65 on $9.12 billion in revenues for the coming quarter and $2.52 on $36.49 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Technology Services is currently in the top 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Priority Technology (PRTH - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.
This company is expected to post quarterly earnings of $0.28 per share in its upcoming report, which represents a year-over-year change of +7.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Priority Technology's revenues are expected to be $259 million, up 8% from the year-ago quarter.
The entrance to oilfield service provider SLB’s office, in Houston, Texas, U.S., showing the former Schlumberger's new name and logo is seen in this handout image taken in June 2023.... Purchase Licensing Rights, opens new tab Read more
July 24 (Reuters) - SLB (SLB.N), opens new tab beat expectations for second-quarter profit on Friday, as resilient demand across key markets helped the top U.S. oilfield services firm ride out weakness in the Middle East due to the Iran war, sending its shares up 2% before the bell.
Frequent flare-ups in the war, now in its fifth month, have kept a crucial oil-producing region on edge, with Iran now seeking to shut the Bab el-Mandeb gateway to the Red Sea after choking off shipping through the Strait of Hormuz.
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The Middle East is SLB's biggest market, accounting for 34% of total revenue in 2025, and the company had warned of a 6 to 8 cents per share hit in the second quarter due to the disruptions.
Revenue from the Middle East and Asia dropped 14% to $2.57 billion during the quarter, driven by lower activity and operational disruptions associated with the conflict.
"While activity began to recover in certain countries during the second quarter, the timing of a full recovery remains uncertain and will depend on a durable resolution of the conflict," CEO Olivier Le Peuch said, adding a return to full production capacity is expected to take time.
Still, total revenue during the quarter climbed to $8.97 billion, driven by a 36% jump in North America.
Growth in the region was supported by higher offshore activity, a rebound in U.S. shale oil and gas drilling activity, as well as strong demand for production and recovery solutions, the company said.
Earlier this week, rival Halliburton (HAL.N), opens new tab, which also beat expectations for quarterly profit, said activity in North America will continue to recover with more rigs being added and previously idle equipment put back to work.
The North American oil and gas rig count was 704 during the second quarter, compared with 699 during the same period a year earlier, according to a survey by Baker Hughes.
SLB posted an adjusted profit of 55 cents per share for the three months ended June 30, compared with analysts' estimate of 51 cents, according to data compiled by LSEG.
Reporting by Vallari Srivastava in Bengaluru; Editing by Sriraj Kalluvila
Our Standards: The Thomson Reuters Trust Principles., opens new tab
SLB N.V. (NYSE:SLB) will release its second quarter earnings report before the opening bell on Friday, July 24.
Analysts expect the Houston, Texas-based company to report quarterly earnings of 52 cents per share, down from 74 cents per share in the year-ago period. The consensus estimate for SLB quarterly revenue is $8.68 billion. It reported $8.55 billion last year, according to Benzinga Pro.
On July 14, SLB announced an agreement with Liberty Energy Inc. (NYSE:LBRT) to form a strategic alliance for data center infrastructure and power.
SLB shares fell 0.9% to close at $47.22 on Thursday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Considering buying SLB stock? Here’s what analysts think:
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Ve středeční seanci se americké indexy ze začátku mírně korigují, protože investoři jsou opatrní před zveřejněním klíčových zpráv o hospodaření společností jako Alphabet a Texas Instruments, které by mohly poskytnout další signály o obchodu s umělou inteligencí. Trhy se také soustřeďují na americko-íránský konflikt, jelikož obě strany pokračovaly ve vzájemných úderech již jedenáctý den po sobě. Začínají tak vznikat opět obavy z narušení dodávek ropy způsobených potenciálně se rozšiřujícím konfliktem na Blízkém východě. Bohužel, diplomatické jednání nepřineslo okamžitý pokrok. Americký prezident Donald Trump v úterý nabídl na nová jednání s představiteli Iránu pesimistický pohled a uvedl, že Washington „nemá zájem se s Íránem zatím setkat“. Dolar na páru s eurem zatím opslabuje o -0,2% tj. 1,1414 USD/EUR.
V hledáčku investorů je stále ropa, která stále roste a dnes WTI přidává 2,4% a dostává se k úrovni 86,4 USD/barel. Jak ropa roste , tak se opět vynořují obavy investorů že energetický šok způsobený válkou by mohl vyvolat globální inflační výbuch a vlnu zvyšování úrokových sazeb centrálních bank. Tyto komentáře přicházejí v době, kdy média naznačují, že se mediátoři nadále snaží oživit diplomatické řešení íránského konfliktu, který nyní hrozí rozšířením do dalších částí Perského zálivu. Dnes byly také zveřejněny zásoby surové ropy a podle EIA zásoby vzrostly o 2,010 mil. barelů, když trh předpokládal pokles o 1,950 mil. barelů. Tato situace vyhovuje akciím v těžebním sektoru černého zlata a tak akcie těžebního obra Exxon Mobil ( XOM ) přidávají 1,5% a hned v závěsu jsou akcie konkurenta Baker Hughes ( BKR ), jež se posunují výš na tržní ceně více než 1%. Podobně si vedou také akcie Marathonu Petroleum ( MPC ) se ziskem více než 1% a také akcie britské skupiny BP ( BP ) se posouvají výš o více než 1,5%. Solidně si vedou také akcie APA ( APA ), které se přehouply přes 1% a také konkurenční akcie Occidentalu Petroleum ( OXY ) na tržní ceně přidávají cca 1,5%. Velmi slušně si vedou také akcie brazilského těžaře Petrobrasu ( PBR ), jež se pohybují v kladném se ziskem 2,5%. Dnes přidávají na tržní ceně také akcie francouzského výrobce a dodavatele těžní techniky Schlumbergeru ( SLB ) o více než 2% a také akcie amerického konkurenta Halliburtonu ( HAL ) 0,6% a do této skupiny patří také akcie Chevronu ( CVX ), které přidávají cca 1%.
S oslabením dolaru si dnes dobře vede žlutý kov, který přidává 1,4% a zlato se tak dostává l úrovni 4 138 USD/Troy. unci. Tato situace je tak příznivě nakloněna akciím v těžebním sektoru zlata a tak akcie největšího kanadského těžaře Barrick Mining ( B ) dnes zpevňují o 3,9% a hned v závěsu jsou akcie jeho amerického konkurenta Newmontu ( NEM ) s ještě větším ziskem cca 4,5%. Za zmínku stojí také akcie známého těžaře Eldorado Gold ( EGO ), jež se posunují výš o 6,7%.
Za pozornost investorů stojí dnes tabáková skupina Philip Morris ( PM ) vykázala zisk za druhé čtvrtletí, který překonal odhady díky robustním tržbám poháněným poptávkou po jejím nekuřáckém produktu. Náladu však utlumilo určité zklamání z jejího ročního výhledu. Tržby společnosti meziročně vzrostly o 10,4 % na 11,19 mld. USD. Organické tržby byly meziročně vyšší o 7,6 %, zatímco trh očekával růst pouze o 4,91 %. Philip Morris celkově dodal 205,2 mld. jednotek produktů, což představuje meziroční růst o 2,5 %. Zisk na akcii meziročně klesl o 7,7 % na 1,80 USD, a to vlivem nepeněžního odpisu podílu v kanadské RBH ve výši 511 mil. USD (dopad 0,33 USD na akcii). Očištěný zisk na akcii naopak vzrostl o 15,2 % na 2,20 USD (bez měnového vlivu +13,6 %) a překonal očekávání trhu ve výši 2,04 USD. I když výhled byl opatrný, tak investoři pozitivně vnímají reportovaná čísla a akcie Philip Morris ( PM ) posilují na tržní ceně o více než 1,9%.
Své výsledky za 2Q. 2026 dnes představila také telekomunikační společnost AT&T ( T ) Čistý přírůstek postpaid mobilních zákazníků překonal průměrný odhad analytiků. Nad očekávání byl rovněž reportován očištěný zisk na akcii a očištěný zisk EBITDA. Akcie AT &T ( T ) se tak dnes těší z přízně investorů a posilují o cca 3,2%.
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Luboš Bedrník
Fio banka, a.s.
Prohlášení
Assetmark Inc. boosted its position in SLB Limited (NYSE:SLB – Free Report) by 21.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 98,006 shares of the oil and gas company’s stock after buying an additional 17,434 shares during the period. Assetmark Inc.’s holdings in SLB were worth $5,037,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in SLB by 21.4% during the fourth quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company’s stock worth $253,000 after acquiring an additional 1,166 shares during the period. Bison Wealth LLC purchased a new stake in SLB in the 4th quarter worth approximately $238,000. Marshall Wace LLP acquired a new stake in shares of SLB during the 2nd quarter worth approximately $8,628,000. Nebula Research & Development LLC grew its stake in shares of SLB by 76.0% during the 2nd quarter. Nebula Research & Development LLC now owns 24,373 shares of the oil and gas company’s stock worth $824,000 after purchasing an additional 10,522 shares during the period. Finally, Diversify Advisory Services LLC increased its holdings in shares of SLB by 7.6% during the 2nd quarter. Diversify Advisory Services LLC now owns 11,326 shares of the oil and gas company’s stock valued at $373,000 after purchasing an additional 799 shares in the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.
SLB Stock Up 0.5% SLB stock opened at $46.62 on Wednesday. The stock has a market capitalization of $69.70 billion, a P/E ratio of 20.36, a P/E/G ratio of 1.87 and a beta of 0.72. The firm has a 50-day simple moving average of $51.54 and a 200-day simple moving average of $50.42. The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 0.35. SLB Limited has a 52 week low of $31.64 and a 52 week high of $58.82.
SLB (NYSE:SLB – Get Free Report) last issued its quarterly earnings results on Saturday, April 25th. The oil and gas company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. SLB had a net margin of 9.26% and a return on equity of 15.54%. The firm had revenue of $8.72 billion for the quarter, compared to analyst estimates of $8.76 billion. During the same period last year, the company posted $0.72 EPS. SLB’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities analysts forecast that SLB Limited will post 2.53 earnings per share for the current fiscal year.
SLB Announces Dividend The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 3rd were paid a $0.295 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.5%. SLB’s payout ratio is currently 51.53%.
Analyst Upgrades and Downgrades SLB has been the topic of a number of recent analyst reports. Sanford C. Bernstein increased their price target on shares of SLB from $56.10 to $71.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Jefferies Financial Group reiterated a “buy” rating and issued a $65.00 price objective on shares of SLB in a research report on Sunday, April 26th. Raymond James Financial cut their price target on SLB from $62.00 to $61.00 and set an “outperform” rating for the company in a research note on Friday, July 10th. Weiss Ratings cut SLB from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $61.00 price objective on shares of SLB in a report on Tuesday, June 16th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $60.30.
Read Our Latest Report on SLB
Insider Buying and Selling In other SLB news, Director La Chevardiere Patrick De sold 2,000 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $54.33, for a total value of $108,660.00. Following the transaction, the director owned 16,953 shares in the company, valued at approximately $921,056.49. This trade represents a 10.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Steve Matthew Gassen sold 53,379 shares of SLB stock in a transaction on Friday, May 1st. The stock was sold at an average price of $56.18, for a total transaction of $2,998,832.22. Following the sale, the executive vice president directly owned 47,421 shares in the company, valued at approximately $2,664,111.78. This trade represents a 52.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.16% of the company’s stock.
About SLB (Free Report)
SLB (NYSE: SLB), historically known as Schlumberger, is a leading global provider of technology, integrated project management and information solutions for the energy industry. Founded by Conrad and Marcel Schlumberger in 1926, the company develops and supplies products and services used across the exploration, drilling, completion and production phases of oil and gas development. Its offerings are intended to help operators characterize reservoirs, drill and complete wells, optimize production and manage field operations throughout the asset lifecycle.
SLB’s product and service portfolio spans reservoir characterization and well testing, wireline and logging services, directional drilling and drilling tools, well construction and completion technologies, production systems, and subsea equipment.
Read More Five stocks we like better than SLB Confidence Is Back, But Earnings Show the Consumer Is Being Picky AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative? 3 Photonics Companies Making Quantum Tech Possible Want to see what other hedge funds are holding SLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SLB Limited (NYSE:SLB – Free Report).
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Key Takeaways SLB is scheduled to report second-quarter 2026 results on July 24 before the opening bell.SLB's second-quarter revenues are projected to increase 1.9% year over year to $8.71 billion.Higher year-over-year oil prices likely supported drilling activity during the June-end quarter. SLB (SLB - Free Report) is set to report second-quarter 2026 results on July 24, 2026, before the opening bell.
In the last reported quarter, its adjusted earnings of 52 cents per share topped the Zacks Consensus Estimate of 51 cents, primarily driven by a revenue increase in the Digital segment and contributions from the ChampionX acquisition. However, operational disruptions due to the Middle East conflict affected the Reservoir Performance and the Well Construction segments.
The company beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, delivering an average surprise of 3.32%. This is depicted in the graph below:
Estimate Trend for SLBThe Zacks Consensus Estimate for second-quarter earnings per share of 51 cents has seen downward revisions in the past seven days. The estimated figure indicates a 31.1% decline from the prior-year reported figure.
The Zacks Consensus Estimate for revenues is pegged at $8.71 billion, indicating an increase of 1.9% from the year-ago recorded figure.
Factors to Consider for SLB's Q2 ResultsSLB is a prominent name in the oilfield services industry, providing a comprehensive range of services to the oil and gas industry. As an oilfield services provider, SLB’s business model is highly exposed to commodity price volatility.
According to data from the U.S. Energy Information Administration (“EIA”), the Cushing, OK, WTI Spot Price per barrel averaged $100.32, $102.13 and $84.81 in April, May and June, respectively, significantly higher than the $63.54, $62.17 and $68.17 recorded in the same period of 2025. This significant year-over-year improvement in oil prices is likely to have increased the pace of drilling activity, creating potential tailwinds for SLB's performance in the June-end quarter.
Earnings Whispers for SLBOur proven model does not conclusively predict an earnings beat for SLB this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that is not the case here, as you will see below.
Earnings ESP of SLB: SLB has an Earnings ESP of -1.96%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
SLB'S Zacks Rank: SLB currently carries a Zacks Rank #4 (Sell).
Stocks to ConsiderHere are some stocks that you may want to consider, as these have the right combination of elements to post an earnings beat this reporting cycle.
NOV Inc. (NOV - Free Report) has an Earnings ESP of +19.69% and currently has a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
NOV is scheduled to release second-quarter 2026 earnings on July 28, 2026. The Zacks Consensus Estimate for NOV’s earnings is pegged at 16 cents per share, indicating a 44.8% decline from the prior-year reported figure.
Cactus, Inc. (WHD - Free Report) has an Earnings ESP of +7.04% and carries a Zacks Rank of 2 at present. Cactus is scheduled to release second-quarter 2026 earnings on July 29.
The Zacks Consensus Estimate for WHD’s earnings is pegged at 71 cents per share, suggesting a 7.6% improvement from the prior-year reported figure.
HF Sinclair Corporation (DINO - Free Report) has an Earnings ESP of +11.69% and a Zacks Rank of 2. HF Sinclair is scheduled to release second-quarter 2026 earnings on July 28.
The Zacks Consensus Estimate for DINO’s earnings is pegged at $3.93 per share, suggesting a 131.2% increase from the prior-year reported figure.
In the latest close session, SLB (SLB - Free Report) was down 1.28% at $46.39. The stock's performance was behind the S&P 500's daily loss of 0.19%. Elsewhere, the Dow lost 0.59%, while the tech-heavy Nasdaq lost 0.05%.
The world's largest oilfield services company's stock has dropped by 2.29% in the past month, falling short of the Business Services sector's gain of 4.14% and the S&P 500's gain of 0.55%.
The investment community will be paying close attention to the earnings performance of SLB in its upcoming release. The company is slated to reveal its earnings on July 24, 2026. It is anticipated that the company will report an EPS of $0.51, marking a 31.08% fall compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $8.71 billion, up 1.92% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.53 per share and revenue of $36.51 billion, which would represent changes of -13.65% and +2.24%, respectively, from the prior year.
Any recent changes to analyst estimates for SLB should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.13% lower. SLB presently features a Zacks Rank of #4 (Sell).
In terms of valuation, SLB is presently being traded at a Forward P/E ratio of 18.54. Its industry sports an average Forward P/E of 16.61, so one might conclude that SLB is trading at a premium comparatively.
We can also see that SLB currently has a PEG ratio of 1.89. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Technology Services industry currently had an average PEG ratio of 1.44 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 100, which puts it in the top 41% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Key Takeaways SLB acquires Sulzer's VIEC technology to enhance oil-water separation and hydrocarbon recovery.VIEC can reduce water content to below 1% in a single treatment stage without major facility upgrades.The acquisition strengthens SLB's production technologies portfolio and future cash flows. SLB N.V. (SLB - Free Report) has acquired Sulzer's Vessel Internal Electrostatic Coalescer (VIEC) technology, strengthening its production optimization portfolio. The move has enhanced SLB’s ability to help oil and gas operators maximize hydrocarbon recovery from aging assets. The acquisition expands SLB's production technologies business at a time when producers are increasingly focused on improving output from existing fields rather than pursuing costly new developments.
As mature oil fields produce higher volumes of water over time, efficient oil-water separation has become essential for maintaining production and controlling operating costs. VIEC technology addresses this challenge by improving oil-water separation through high-frequency electrostatic fields that destabilize emulsions inside separator vessels.
The system can reduce water content to below 1% in a single treatment stage, enabling higher hydrocarbon recovery, greater processing capacity and lower treatment costs. The technology can be installed in both new and existing facilities without major infrastructure modifications, offering operators a cost-effective solution to optimize production across onshore and offshore assets.
The acquisition advances SLB’s strategy of expanding its higher-value production and recovery technology portfolio. By integrating VIEC, SLB broadens its production optimization capabilities, unlocking new avenues for equipment sales, retrofits and long-term service contracts. As global operators increasingly prioritize extending the life of mature assets under disciplined capital spending, demand for production-enhancing technologies is expected to grow. By expanding its differentiated technology portfolio, SLB is well-positioned to capture the growing demand and strengthen its business model with enhanced investor appeal.
SLB currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the energy sector are NOV Inc. (NOV - Free Report) , Natural Gas Services Group, Inc. (NGS - Free Report) and National Energy Services Reunited Corp. (NESR - Free Report) . NOV currently carries a Zacks Rank #2 (Buy), while NESR and NGS sport a Zacks Rank #1 (Strong Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
NOV is a global provider of equipment, technologies and services for the oil and gas drilling and production industries, operating across 548 locations on six continents. In the first quarter of 2026, the company achieved record profits from its subsea flexible pipe and process systems businesses, reflecting strong demand in offshore energy markets. NOV reported record bookings in the first quarter of 2026 for its composite solutions business and maintains a strong subsea flexible pipe backlog extending through 2028, providing long-term revenue visibility.
Headquartered in Southlake, TX, Natural Gas Services Group manufactures, fabricates, sells, rents and services natural gas compressors to enhance well production, alongside manufacturing flare and ignition systems used in production facilities. In June 2026, the company significantly expanded its operational footprint in the Permian Basin and Eagle Ford regions by acquiring Flatrock Compression Holdings. This strategic acquisition expanded NGS’s fleet of large-horsepower and electric-driven compression solutions, broadened its customer base and immediately boosted key financial metrics.
National Energy Services Reunited delivers integrated drilling and reservoir services across the Middle East, North Africa and Asia-Pacific, helping producers maximize output and efficiency. With rising global demand for electricity fueling a shift toward natural gas, NESR is well-positioned to capitalize on growing upstream energy investments.
TechnipFMC (NYSE:FTI – Get Free Report) and SLB (NYSE:SLB – Get Free Report) are both large-cap energy companies, but which is the better stock? We will compare the two businesses based on the strength of their profitability, dividends, risk, institutional ownership, valuation, earnings and analyst recommendations.
Insider & Institutional Ownership 96.6% of TechnipFMC shares are owned by institutional investors. Comparatively, 82.0% of SLB shares are owned by institutional investors. 1.4% of TechnipFMC shares are owned by company insiders. Comparatively, 0.2% of SLB shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.
Profitability This table compares TechnipFMC and SLB’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets TechnipFMC 10.62% 34.06% 11.30% SLB 9.26% 15.54% 7.51% Dividends TechnipFMC pays an annual dividend of $0.20 per share and has a dividend yield of 0.3%. SLB pays an annual dividend of $1.18 per share and has a dividend yield of 2.5%. TechnipFMC pays out 7.6% of its earnings in the form of a dividend. SLB pays out 51.5% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. TechnipFMC has increased its dividend for 1 consecutive years and SLB has increased its dividend for 5 consecutive years. SLB is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
Risk & Volatility TechnipFMC has a beta of 0.7, indicating that its share price is 30% less volatile than the S&P 500. Comparatively, SLB has a beta of 0.72, indicating that its share price is 28% less volatile than the S&P 500.
Valuation and Earnings This table compares TechnipFMC and SLB”s top-line revenue, earnings per share (EPS) and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio TechnipFMC $9.93 billion 2.89 $963.90 million $2.62 27.49 SLB $35.71 billion 1.97 $3.37 billion $2.29 20.56 SLB has higher revenue and earnings than TechnipFMC. SLB is trading at a lower price-to-earnings ratio than TechnipFMC, indicating that it is currently the more affordable of the two stocks.
Analyst Ratings This is a breakdown of current recommendations for TechnipFMC and SLB, as reported by MarketBeat.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score TechnipFMC 0 3 12 1 2.88 SLB 1 3 18 2 2.88 TechnipFMC currently has a consensus target price of $69.64, indicating a potential downside of 3.29%. SLB has a consensus target price of $60.30, indicating a potential upside of 28.10%. Given SLB’s higher probable upside, analysts plainly believe SLB is more favorable than TechnipFMC.
Summary TechnipFMC beats SLB on 9 of the 17 factors compared between the two stocks.
About TechnipFMC (Get Free Report)
TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation. It provides subsea production and processing system; flexible pipe; subsea umbilicals, risers, and flowlines; vessels; robotics; well and asset services; and Subsea Studio for optimizing the development, execution, and operation of current and future subsea fields. The Surface Technologies segment designs, manufactures, and services products and systems used in land and shallow water exploration and production of crude oil and natural gas. This segment offers drilling; surface wellheads and production trees systems; iComplete, a pressure control system; fracturing tree and manifold systems; flexible pipes; safety and integrity systems, multiphase meter modules, in-line separation and processing systems, and standard pumps; well control and integrity systems; separation and processing systems; skid systems; and flow measurement and automation solutions. It also offers planning, testing and installation, commissioning, operations, replacement and upgrade, maintenance, storage, preservation, intervention, integrity, decommissioning, and abandonment; and supplies flowline products and services. TechnipFMC plc was founded in 1884 and is headquartered in Houston, Texas.
About SLB (Get Free Report)
Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products. It also offers subsurface geology and fluids evaluation information; open and cased hole services; exploration and production pressure, and flow-rate measurement services; and pressure pumping, well stimulation, and coiled tubing equipment solutions. In addition, the company offers mud logging, directional drilling, measurement-while-drilling, and logging-while-drilling services, as well as engineering support services; supplies drilling fluid systems; designs, manufactures, and markets roller cone and fixed cutter drill bits; bottom-hole-assembly and borehole enlargement technologies; well cementing products and services; well planning, well drilling, engineering, supervision, logistics, procurement, and contracting of third parties, as well as drilling rig management solutions; and drilling equipment and services, as well as land drilling rigs and related services. Further, it provides artificial lift production equipment and optimization services; supplies packers, safety valves, sand control technology, and various intelligent well completions technology and equipment; designs and manufactures valves, chokes, actuators, and surface trees; and OneSubsea, an integrated solutions, products, systems, and services, including wellheads, subsea trees, manifolds and flowline connectors, control systems, connectors, and services. The company was formerly known as Socie´te´ de Prospection E´lectrique. Schlumberger Limited was founded in 1926 and is based in Houston, Texas.
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in SLB over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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The physical constraints of artificial intelligence (AI) are no longer bound by silicon or compute capacity. Today, the singular bottleneck choking global technology expansion is electricity. Hyperscale data centers require staggering amounts of continuous power, and national utility grids lack the infrastructure to deliver gigawatt-scale loads on the timelines technology developers demand. Grid interconnection queues often stretch for years, forcing tech giants to seek immediate alternatives outside the traditional utility framework.
This structural crisis has activated an entirely unexpected sector. Legacy oilfield service providers are aggressively stepping in to fill the capacity gap, rerouting existing fossil fuel hardware to deliver modular natural gas power directly to data center sites. Investors observing this shift are witnessing a rare moment in which heavy industrial assets are the primary enablers of next-generation technology.
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Drilling for Data Center SolutionsThe July 2026 strategic alliance between SLB NYSE: SLB and Liberty Energy NYSE: LBRT illustrates this fundamental market shift. By combining modular infrastructure with integrated natural gas power generation, SLB and Liberty Energy are positioning themselves as critical capacity vendors for the technology sector. The partnership bridges the gap between compute infrastructure and immediate power generation, creating a non-cyclical revenue vertical that equity markets have yet to fully digest.
Rather than viewing SLB and Liberty Energy strictly as traditional upstream oilfield operators, market participants should begin evaluating them as essential infrastructure providers for the artificial intelligence ecosystem. This pivot offers a compelling blueprint for how legacy energy expertise can solve immediate macroeconomic bottlenecks.
Behind-the-Meter Economics Take ChargeSLB Today
$47.24 -0.31 (-0.65%)
As of 12:03 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$31.64▼
$58.82Dividend Yield2.50%
P/E Ratio20.63
Price Target$60.30
To understand the economic gravity of this partnership, investors should examine the mechanics of behind-the-meter power.
Generating electricity behind the meter means producing power on-site, completely independent of the traditional utility transmission grid. For a data center developer, this eliminates multi-year delays waiting for utility lines to be built and approved by local regulators.
SLB brings deep project execution capabilities and prefabricated modular infrastructure to the table. SLB has already shipped more than 1.3 gigawatts of infrastructure for data center projects since April 2024. Management expects cumulative global deliveries to exceed two gigawatts by the end of 2026. This is not speculative research and development. It is an active and monetized pipeline.
Liberty Energy Today
$24.38 -0.75 (-2.97%)
As of 12:03 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$9.90▼
$34.48Dividend Yield1.48%
P/E Ratio26.82
Price Target$32.09
Liberty Energy steps in to provide the actual power generation systems and intelligent power controls through its Liberty Power Innovations arm. Liberty Energy targets deploying roughly three gigawatts of power projects by 2029.
The underlying margin tailwind for this venture rests on feedstock economics. North America possesses an abundance of structurally cheap natural gas.
Tapping into this localized and inexpensive fuel source to run modular turbines makes the solution provided by SLB and Liberty Energy economically superior to grid-tied utility power while completely bypassing bureaucratic utility timelines.
Mispriced Multiples and Cash Flow VisibilityDespite this strategic pivot toward secular growth, the market misprices energy service companies. Institutional capital largely treats them as cyclical fossil-fuel operators rather than as emerging technology infrastructure plays. SLB currently trades near $47, with a market capitalization of roughly $70.13 billion.
SLB operates with a trailing price-to-earnings ratio of 20.49 and a forward price-to-earnings ratio of 18.13. Backed by a solid operating cash flow of $4.65 per share, SLB supports a reliable 2.52% dividend yield. While SLB trades at a premium valuation relative to legacy peers like Baker Hughes NASDAQ: BKR and Halliburton NYSE: HAL, the stock remains heavily tied to international rig counts and Middle East capital expenditures rather than its digital and new energy initiatives.
Liberty Energy presents a more complex valuation puzzle for fundamental investors. Priced near $24.50 with a $4 billion market capitalization, Liberty Energy trades at a trailing price-to-earnings ratio of 27.14. Its forward price-to-earnings ratio is heavily distorted at 102.68. This multiple expansion occurs because analysts are modeling a sharp contraction in forward earnings per share, driven by immediate pricing headwinds in the core North American hydraulic fracturing market.
This valuation distortion creates an asymmetric opportunity. The market is pricing Liberty Energy strictly on the cyclical weakness of its legacy completion services, entirely discounting the high-margin cash flows emerging from its natural gas power generation pipeline. While awaiting broader market recognition, investors are supported by a newly authorized quarterly cash dividend of 9 cents per share, yielding 1.47%.
Seeing Past the Fracking Short SqueezeInstitutional sentiment across both equities reflects this foundational misunderstanding of the evolving business models. SEC filings show a recent pattern of measured insider selling across both boards, including the Chief Financial Officer of Liberty Energy, who divested shares in early July 2026.
Short sellers are heavily targeting Liberty Energy, driving the short interest ratio to bearish levels. Wall Street analysts remain fixated on a 25% year-over-year decline in adjusted earnings before interest, taxes, depreciation, and amortization from Q1 2026. That decline was a direct result of the cooling domestic frac spread market, but it ignores the forward-looking growth engine. SLB faces a healthier short interest profile but continues to weather analyst price target reductions tied to global drilling fluctuations rather than its emerging capacity to power data centers.
When institutional capital stubbornly anchors to legacy metrics, observant investors gain a distinct advantage. The broader oilfield services sector is actively rerouting hardware to address technology infrastructure bottlenecks. Once revenue from behind-the-meter data center power eclipses traditional upstream operations, SLB and Liberty Energy will likely experience aggressive multiple expansion as the market correctly categorizes them.
What to Watch as the Grid Transition ScalesThe immediate proving ground for this fundamental thesis arrives with the upcoming Q2 2026 earnings reports. Liberty Energy takes the stage on July 22, 2026, followed closely by SLB on July 24, 2026.
Analysts will undoubtedly press management on core legacy operations, but the true value for forward-looking investors lies in the commentary surrounding the new joint venture. Initial contract bookings, projected margins on power generation units, and the speed at which Liberty Energy can scale its three-gigawatt pipeline will dictate how quickly institutional investors begin re-rating the stocks.
Investors monitoring the artificial intelligence infrastructure boom might consider adding SLB and Liberty Energy to their watchlists as earnings season approaches. Those comfortable absorbing near-term commodity cyclicality could view the current valuation distortion as an optimal entry point before Wall Street fully prices in the shift from fossil fuel service providers to gigawatt-scale technology vendors.
Should You Invest $1,000 in Liberty Energy Right Now?Before you consider Liberty Energy, you'll want to hear this.
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SLB (SLB - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this world's largest oilfield services company have returned -5.5% over the past month versus the Zacks S&P 500 composite's +0.5% change. The Zacks Technology Services industry, to which SLB belongs, has lost 6.3% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
SLB is expected to post earnings of $0.51 per share for the current quarter, representing a year-over-year change of -31.1%. Over the last 30 days, the Zacks Consensus Estimate has changed -6.5%.
For the current fiscal year, the consensus earnings estimate of $2.56 points to a change of -12.6% from the prior year. Over the last 30 days, this estimate has changed -2.3%.
For the next fiscal year, the consensus earnings estimate of $3.34 indicates a change of +30.7% from what SLB is expected to report a year ago. Over the past month, the estimate has changed -2.1%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, SLB is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of SLB, the consensus sales estimate of $8.71 billion for the current quarter points to a year-over-year change of +1.9%. The $36.51 billion and $39.31 billion estimates for the current and next fiscal years indicate changes of +2.2% and +7.7%, respectively.
Last Reported Results and Surprise HistorySLB reported revenues of $8.72 billion in the last reported quarter, representing a year-over-year change of +2.7%. EPS of $0.52 for the same period compares with $0.72 a year ago.
Compared to the Zacks Consensus Estimate of $8.63 billion, the reported revenues represent a surprise of +1.09%. The EPS surprise was +1.96%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
SLB is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about SLB. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Key Takeaways Liberty Energy and SLB formed a strategic alliance for AI data center power and modular infrastructure.LBRT targets faster deployment with behind-the-meter power and integrated infrastructure solutions.SLB shipped over 1.3 GW of modular infrastructure since April 2024 and expects 2 GW by year-end. Liberty Energy (LBRT - Free Report) and SLB (SLB - Free Report) have entered into a strategic alliance focused on providing integrated power and modular infrastructure solutions for the growing artificial intelligence (“AI”) and high-performance computing data center markets. By combining Liberty Energy’s modular power generation capabilities with SLB’s modular infrastructure expertise, both companies aim to help address the increasing demand for reliable, flexible and rapidly deployable energy solutions for next-generation data centers.
As AI adoption continues to accelerate, data center operators are facing significant challenges in expanding computing capacity due to rising electricity demand, grid limitations and lengthy infrastructure development timelines. The Liberty Energy-SLB collaboration is designed to provide integrated solutions that can help reduce deployment complexity while improving reliability and scalability.
LBRT Expands Into AI Infrastructure Power SolutionsLiberty Energy has developed expertise in energy services, modular power generation, behind-the-meter power solutions and intelligent energy management systems. While the company has historically focused on oilfield services, particularly hydraulic fracturing, it is expanding capabilities into emerging energy markets, including power solutions for AI infrastructure.
The rapid growth of AI applications has created substantial demand for additional data center capacity. Many new facilities face challenges related to grid availability, interconnection timelines and regional power constraints. As a result, developers are increasingly exploring alternative energy strategies, including dedicated and behind-the-meter power systems.
Liberty Energy’s modular power platforms are designed to provide flexible deployment options for customers requiring scalable and reliable energy solutions. These systems can help data center developers increase power availability while reducing dependence on traditional grid expansion timelines.
SLB Provides Modular Infrastructure ExpertiseSLB, a Houston-based global energy technology company, contributes extensive engineering experience, project execution capabilities and modular infrastructure solutions to the alliance.
The company has developed prefabricated modular infrastructure designed to accelerate data center construction and deployment. According to (SLB - Free Report) , it has shipped more than 1.3 gigawatts of prefabricated modular infrastructure for global data center projects since April 2024 and expects cumulative deliveries to exceed 2 gigawatts before the end of the year.
By combining SLB’s modular infrastructure capabilities with Liberty Energy’s power generation and energy management expertise, customers can access integrated solutions designed to simplify the development of large-scale computing facilities.
Addressing the Growing Energy Requirements of AI ComputingAI and high-performance computing applications are increasing electricity demand across industries such as healthcare, finance, manufacturing, cloud computing and enterprise technology. Modern AI workloads require significant computing resources, creating pressure on data center operators to expand capacity efficiently.
Traditional data center development can be slowed by permitting requirements, equipment availability, utility interconnection processes and regional transmission limitations. The Liberty Energy-SLB alliance aims to address these challenges by supporting behind-the-meter power solutions and modular infrastructure approaches.
These solutions can offer several potential advantages, including faster deployment timelines, improved energy flexibility, enhanced reliability and greater scalability for future expansion.
Behind-the-Meter Power Solutions Provide Greater FlexibilityA key focus of the collaboration is behind-the-meter power generation, which allows data centers to use dedicated on-site energy systems rather than relying exclusively on traditional utility connections.
Behind-the-meter solutions may provide developers with additional flexibility when selecting project locations, particularly in regions where grid capacity is limited or infrastructure upgrades could take years to complete. These systems can also help improve operational resilience by reducing exposure to certain grid-related constraints.
Liberty Energy’s intelligent power control technologies are designed to optimize energy production, monitor system performance and improve the efficiency of available power resources.
Integrated Infrastructure Model Supports Faster DeploymentUnder the alliance, SLB will contribute modular infrastructure systems, engineering expertise and global project execution capabilities, while Liberty Energy will provide modular power generation technologies, energy control platforms and operational support.
This integrated approach can reduce coordination challenges associated with managing multiple suppliers and may allow customers to streamline planning and deployment processes.
By combining infrastructure and power capabilities, the companies aim to support the development of scalable data center facilities capable of meeting increasing AI computing requirements.
Innovation in Future Data Center Energy SystemsBeyond current infrastructure opportunities, Liberty Energy and SLB intend to collaborate on technologies designed to improve the efficiency and flexibility of future data center energy systems.
Potential areas of development include hybrid power generation solutions, advanced digital energy management platforms and next-generation power architectures capable of supporting evolving AI computing demands.
As data center operators continue to seek more efficient and resilient energy strategies, these technologies could play an important role in supporting infrastructure growth.
Supporting the Expansion of AI Infrastructure CapacityThe alliance reflects the broader trend of increasing investment in AI infrastructure worldwide. Data center developers, cloud service providers, technology companies and governments are expanding computing capacity to support the continued adoption of artificial intelligence.
According to a press release, Liberty Energy has stated plans to deploy approximately 3 gigawatts of power projects by 2029. Combined with SLB’s modular infrastructure capabilities, the partnership is positioned to participate in the expanding market for AI-focused data center development.
However, the scale and timing of future projects will depend on customer demand, permitting processes, financing conditions and broader market developments.
Strategic Collaboration Creates New Growth OpportunitiesThe alliance builds on both companies’ existing relationship while expanding their participation in the rapidly developing digital infrastructure sector.
By combining power generation, modular construction, engineering expertise and operational capabilities, both companies aim to provide customers with integrated solutions for increasingly complex data center requirements.
As artificial intelligence continues to reshape industries worldwide, access to reliable and scalable energy infrastructure will remain a critical factor in enabling computing growth.
ConclusionThe partnership between Liberty Energy and SLB represents an effort to address one of the key challenges facing AI infrastructure development, providing reliable and scalable power alongside rapidly deployable data center infrastructure.
Through the combination of Liberty Energy’s modular power solutions and SLB’s modular infrastructure expertise, they aim to support the continued expansion of AI and high-performance computing facilities while helping customers navigate energy and infrastructure constraints.
LBRT's Zacks Rank & Key PicksCurrently, LBRT and SLB have a Zacks Rank #3 (Hold) each.
Investors interested in the energy sector might consider some better-ranked stocks, such as Par Pacific (PARR - Free Report) and Imperial Oil (IMO - Free Report) , both sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Par Pacific is valued at 3.56 billion. It is an energy company that owns and operates refining, logistics and retail assets. Par Pacific operates across Hawaii, the Pacific Northwest and the Rocky Mountain region.
Imperial Oil is valued at $59.79 billion. It is one of Canada's largest integrated energy companies, engaged in crude oil and natural gas production, petroleum refining, fuel marketing and petrochemical manufacturing. Imperial Oil has a strong strategic partnership with ExxonMobil.
Index Dow Jones +0,35 % na 52690,89 b. S&P 500 +0,27 % na 7563,81 b. Nasdaq Composite +0,45 % na 26224 b.
Ve středeční seanci se americké indexy pohybují v zelených úrovních a jejich růst byl ovlivněn dnešním reportem Indexu cen výrobců PPI a podle Úřadu statistiky práce (Bureau of Labor Statistics) klesl index cen výrobců (PPI) v červnu meziměsíčně o 0,3 %, což představuje první měsíční pokles za téměř rok. Jádrový PPI vzrostl meziměsíčně o 0,2 %. Ekonomové očekávali stagnaci indexu a nárůst jádra o 0,3 %. V květnu vzrostl index PPI o 0,6 % a jádro o 0,1 %., který meziročně vzrostl o 5,5 % a jádro o 4,7 %, což je méně než konsenzuální odhady 6,2 % a 5,2 %. V květnu index PPI vzrostl o 6,0 % a jádro o 4,6 %. Celková inflace výrobců v USA v červnu zaznamenala první měsíční pokles od srpna 2025, a to především v důsledku poklesu cen energetického zboží konečné poptávky, ukázaly ekonomické údaje zveřejněné ve středu. Podle názoru analytiků tak dnešní report PPI zopakoval podobný vývoj spotřebitelské inflace v USA z předchozího dne. Celkové uvolnění cenového tlaku v červnu naznačovalo, že by Federální rezervní systém mohl mít určitý prostor k okamžitému zvýšení úrokových sazeb. Data však přicházejí v komplikované době, protože geopolitická riziková prémie zůstává hlavním odchylným faktorem, pokud jde o ovlivnění inflace.
V centru zájmu investorů je také ropa a klesající ceny ropy v důsledku prozatímní mírové dohody uzavřené mezi USA a Íránem pomohly v červnu zmírnit cenový tlak. Situace se však v červenci rychle změnila, když se zhroutilo příměří mezi oběma stranami a obě strany bojují o kontrolu nad kritickým Hormuzským průlivem, což opět vyvolalo prudký nárůst cen ropy. Podle dnešního reportu od EIA zásoby surové ropy ke dni 10.7. klesly o 1,692 mil. barelů, když trh předpokládal větší pokles o 2,412 mil. barelů. Lehká ropa WTI reaguje na situaci konfliktu v Hormuzským průlivu a dnes klesá cca 0,8% a dostává se k úrovni 78,7 USD/barel. Ropa otáčí do červených i přes oslabující dolar, který dnes ztrácí -0,11% tj. 1,1432 USD/barel. Ropa klesá a tak se dnes nedaří akciím v těžebním sektoru černého zlata a proto akcie ropného obra Exxon Mobil ( XOM ) dnes ztrácí cca -1,5% a cca -2,5% si odepisují akcie konkurenta Baker Hughes ( BKR ). V červených se pohybují také akcie Occidentalu Petrolůeum ( OXY ) se ztrátou cca -2,5% a -2,5% ztrácí také akcie Transoceanu ( RIG ), kde společnost těží ropu z věží v oceánu. Poklesu v sektoru vzdorují akcie britské skupiny BP ( BP ), které na tržní ceně se již přetáčí do červených cca -0,5%. Za zmínku stojí také akcie francouzského výrobce a dodavatele těžního zařízení Schlumbergeru ( SLB ), které oslabují o necelé 1% a také akcie jeho amerického konkurenta Halliburtonu ( HA ) se pohybují již v záporu se ztrátou do cca 2,5%
.
Za pozornost dnes stojí společnost PayPal ( PYPL ), která patří mezi průkopníky digitálních plateb. Podle dostupných informací společnost Stripe společně s investiční firmou Advent International údajně nabídly za převzetí PayPalu více než 53 mld. USD. Podle informací agentury Reuters činí nabídka 60,50 USD za akcii, což představuje přibližně 28% prémii oproti úterní závěrečné ceně akcií. Důležitým signálem pro investory je také skutečnost, že potenciální kupci údajně neplánují společnost rozdělit ani prodávat její jednotlivé části. Cílem má být informace a obnovení růstu celého podniku. Pro společnost Stripe by akvizice představovala příležitost získat obrovskou uživatelskou základnu, silnou značku a rozsáhlou infrastrukturu v oblasti online plateb. Akcie PayPal Holdings ( PYPL ) jsou dnes v hledáčku investorů a přidávají solidních 15%.
Naopak se dnes nedaří akciím společnosti Pentair ( PNR ), která se zaměřuje na úpravu vody. Firma totiž snížila svůj celoroční výhled. Analytici poukázali na slabé výsledky divize bazénů jako na hlavní brzdu růstu a dodali, že není jasné, jak a kdy se toto podnikání v bezprostřední budoucnosti zotaví. Pentair v celém roce nově očekává očištěný zisk na akcii v rozmezí 4,60 až 4,80 USD, dříve společnost projektovala 5,30 až 5,40 USD. Trh odhadoval 5,33 USD. Akcie Pentair ( PNR ) se tak ocitají pod tlakem investorů a ztrácí na tržní ceně silných -16%.
Z indexu S&P 500 se dnes daří akciím společnosti Blackrock ( BLK ) se ziskem 7,8% a také Ares Management Corp ( ARES ) 4,7%. Naopak se nedaří akciím Progresive Corp ( PGR ) -7,3%, jež je specialistou na pojištění vozidel. Do nižších pater jí posílá zveřejnění výsledků hospodaření za 2Q. Čisté předepsané pojistné vzrostlo meziročně o 5 % na 21,08 mld. USD, což je mírně pod odhady 21,29 mld. USD. Zisk na akcii dosáhl 5,67 USD.
Index S&P 500 +0,27 % na 7563,81 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Komunikační služby +2,8 % Energie -1,9 % Zbytná spotřeba +2 % Informační technologie -0,7 % Finanční sektor +0,9 % Základní materiály -0,6 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna PayPal Holdings (PYPL) +15 % Pentair (PNR) -16 % Blackrock (BLK) +7,8 % Dell Technologies (DELL) -12 % CBRE Group (CBRE) +6,8 % Sandisk Corp (SNDK) -11 % Invesco (IVZ) +5,4 % Elevance Health (ELV) -8,7 % KKR (KKR) +5,2 % NetApp (NTAP) -8,1 %
Luboš Bedrník
Fio banka, a.s.
Prohlášení
Key Takeaways SLB's OneSubsea wins an EPC contract for Eni's Baleine Phase 3 offshore Cote d'Ivoire project.SLB will deliver subsea production systems for 13 wells, including trees, umbilicals and manifolds.The award strengthens SLB's subsea backlog and creates long-term service and maintenance opportunities. SLB N.V. (SLB - Free Report) has strengthened its offshore business by securing a major engineering, procurement and construction contract through its OneSubsea joint venture for Eni S.p.A.’s (E - Free Report) Baleine Phase 3 deepwater development offshore Cote d’Ivoire. The award strengthens SLB's long-standing partnership with Eand reinforces its leadership in integrated subsea production systems for long-term offshore development.
The agreement spans 13 wells and encompasses the delivery, installation, commissioning and lifetime support of critical subsea equipment, such as subsea trees, umbilical, manifolds, multiphase flowmeters and control systems. The integrated delivery framework is optimized to expedite project execution and meet accelerated development milestones.
The Baleine project stands as a cornerstone of West Africa's offshore sector, making this contract strategically important for SLB's subsea business. By providing a complete subsea production system , SLB creates opportunities for long-term cash flow generation through service and maintenance operations. SLB OneSubsea’s established in-country footprint and local operational expertise are expected to facilitate highly efficient project execution.
The contract highlights SLB's continued transition toward higher-value integrated offshore solutions that generate stronger cash flows. SLB's ongoing partnership with Eni on major projects boosts its subsea order backlog, strengthening its business model and investor appeal.
SLB currently carries a Zacks Rank #3 (Hold), while Eni has a Zacks Rank #5 (Strong Sell).
Some better-ranked stocks in the energy sector are Cenovus Energy Inc. (CVE - Free Report) and National Energy Services Reunited Corp. (NESR - Free Report) . CVE currently carries a Zacks Rank #2 (Buy), while NESR sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
By leveraging its fully integrated upstream and downstream operations in Canada and the United States, Cenovus consistently generates robust cash flow. To further expand production, CVE is advancing key optimization initiatives at Christina Lake North, Sunrise, West White Rose and Foster Creek.
National Energy Services Reunited delivers integrated drilling and reservoir services across the Middle East, North Africa and Asia-Pacific, helping producers maximize output and efficiency. With the rising global demand for electricity fueling a shift toward natural gas, NESR is well-positioned to capitalize on growing upstream energy investments.
HOUSTON & DENVER--(BUSINESS WIRE)--Global energy technology company SLB (NYSE: SLB) today announced an agreement with Liberty Energy Inc. (NYSE: LBRT) to form a strategic alliance that will deliver modular infrastructure and integrated power generation solutions for new data center projects globally. The collaboration will bring together complementary expertise in modular infrastructure, power generation and operations to support the rapid deployment of new data center capacity and help the wor.
Global energy technology company SLB (NYSE: SLB) today announced an agreement with Liberty Energy Inc. (NYSE: LBRT) to form a strategic alliance that will deli
The new logo of SLB is seen in this undated handout image obtained by Reuters on October 19, 2022. SLB/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT. Purchase Licensing Rights, opens new tab
CompaniesJuly 14 (Reuters) - SLB (SLB.N), opens new tab said on Tuesday it has partnered with Liberty Energy (LBRT.N), opens new tab to supply modular parts and power to data centers, as the oilfield services firms look to tap surging demand from the AI boom.
The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.
Under the deal, SLB said it would design and supply modular and prefabricated components for data center projects, while Liberty will provide natural gas-fired power generation.
The deal reflects a broader push by oilfield contractors to supply power equipment, turbines and data solutions.
SLB is already a design partner for modular AI data centers built on Nvidia (NVDA.O), opens new tab technology, and is working with the U.S. chip firm to create a platform, AI Factory for Energy, to help oil and gas producers and power companies apply AI to vast troves of operational data.
SLB has shipped more than 1.3 GW of prefabricated modular data center infrastructure since April 2024 and expects cumulative deliveries to exceed 2 GW globally by year-end. Liberty plans to deploy about 3 GW of power projects by 2029.
SLB sold its North American hydraulic fracturing business to Liberty in 2020.
Reporting by Katha Kalia in Bengaluru; Editing by Vijay Kishore
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Key Takeaways SLB's OneSubsea wins a major umbilical contract for Eni's Kutei North Hub offshore Indonesia.The project includes 94.6 kilometers of steel-tube umbilicals for water depths up to 2,200 meters.SLB will use parallel production lines to shorten delivery times and improve manufacturing efficiency. SLB N.V. (SLB - Free Report) has strengthened its deepwater business by securing a major contract through its OneSubsea joint venture from Eni North Ganal Limited for the Kutei North Hub development offshore East Kalimantan, Indonesia. Eni North Ganal Limited is a subsidiary of Searah Limited, which is a 50/50 joint venture between Eni S.p.A. (E - Free Report) and PETRONAS that focuses on developing upstream oil and gas assets in Southeast Asia.
Under the agreement, OneSubsea will engineer, procure and manufacture 94.6 kilometers of steel-tube umbilicals for water depths of up to 2,200 meters. The steel-tube umbilical system, weighing approximately 6,700 tons, ranks among the largest umbilical contracts awarded in the subsea industry and reinforces SLB's leadership in complex offshore developments.
The project showcases SLB's advanced manufacturing capabilities by combining its Oscilay and planetary production lines, enabling parallel production that shortens delivery timelines while improving manufacturing efficiency. The contract also includes production of a 30-kilometer continuous umbilical, weighing roughly 2,100 tons, designed to withstand pressures of 10,000 psi, highlighting SLB's technical expertise in demanding deepwater environments.
The award strengthens SLB's subsea order backlog while reinforcing its long-term partnership with E. As global energy companies continue investing in offshore natural gas developments to meet rising energy demand, advanced subsea infrastructure remains critical. SLB's technical expertise, manufacturing scale and execution capabilities position the company to capture additional deepwater opportunities, supporting higher cash flow generation. This contract is expected to strengthen SLB's business model and boost investor appeal in the coming years.
SLB currently carries a Zacks Rank #3 (Hold), while Eni has a Zacks Rank #5 (Strong Sell) at present.
Some better-ranked stocks in the energy sector are Cenovus Energy Inc. (CVE - Free Report) and National Energy Services Reunited Corp. (NESR - Free Report) . CVE currently carries a Zacks Rank #2 (Buy) while NESR sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
By leveraging its fully integrated upstream and downstream operations across Canada and the United States, Cenovus consistently generates robust cash flow. To further expand production, CVE is advancing key optimization initiatives at Christina Lake North, Sunrise, West White Rose and Foster Creek.
National Energy Services Reunited delivers integrated drilling and reservoir services across the Middle East, North Africa and Asia-Pacific, helping producers maximize output and efficiency. With the rising global demand for electricity fueling a shift toward natural gas, NESR is well-positioned to capitalize on growing upstream energy investments.
Integrated subsea production system and local capabilities enable accelerated deepwater development
HOUSTON--(BUSINESS WIRE)--Global energy technology company SLB (NYSE: SLB) announced today that its OneSubsea™ joint venture has been awarded a major multi-well engineering, procurement, and construction (EPC) contract by Eni for Phase 3 of the deepwater Baleine project offshore Côte d’Ivoire.
Under the contract, SLB OneSubsea will deliver complete subsea production systems (SPS) for 13 wells, reinforcing its role as a core technology and execution partner on one of the most strategically significant offshore developments currently underway in the region.
The EPC scope includes subsea trees, umbilical, manifolds, multiphase flowmeters and control systems, along with installation, commissioning and life-of-field support. The integrated delivery model is designed to streamline execution and support the project’s fast-track development schedule.
"Baleine Phase 3 brings together scale and execution certainty," said Mads Hjelmeland, chief executive officer of SLB OneSubsea. "Through our subsea production system technology and by leveraging our established local presence, we are supporting Eni’s efforts to advance a complex, deepwater project efficiently while contributing to the long-term development of offshore resources in Côte d’Ivoire."
Project execution will be supported by SLB OneSubsea’s in-country presence and local capabilities, contributing to efficient delivery across the life of the project.
Key points
Eni has awarded SLB OneSubsea a multi-well EPC contract for the Baleine Phase 3 development. The SPS contract covers 13 wells and includes subsea trees, umbilicals, manifolds, flowmeters and control systems, along with installation and commissioning. SLB OneSubsea will execute the project through its established in-country presence and local capabilities, supporting efficient project delivery. About SLB
SLB (NYSE: SLB) is a global technology company that has driven energy innovation for 100 years. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at SLB.com.
About SLB OneSubsea
SLB OneSubsea is driving the new subsea era that leverages digital and technology innovation to optimize our customers’ oil and gas production, decarbonize subsea operations and unlock the large potential of subsea solutions to accelerate the energy transition. OneSubsea is a joint venture backed by SLB, Aker Solutions and Subsea7 headquartered in Oslo and Houston, with 10,000 employees across the world. Find out more at onesubsea.com.
This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “can,” “estimate,” “intend,” “anticipate,” “will,” “potential,” “projected" and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, SLB’s new technologies and partnerships; and improvements in operating procedures and technology. These statements are subject to risks and uncertainties, including, but not limited to, the inability to recognize intended benefits of SLB’s strategies, initiatives or partnerships; and other risks and uncertainties detailed in SLB’s most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. The forward-looking statements speak only as of the date of this press release, and SLB disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
SLB (SLB - Free Report) ended the recent trading session at $46.42, demonstrating a +1.53% change from the preceding day's closing price. This move outpaced the S&P 500's daily loss of 0.45%. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq lost 1.16%.
Shares of the world's largest oilfield services company have depreciated by 19.15% over the course of the past month, underperforming the Business Services sector's gain of 4.05%, and the S&P 500's gain of 2.14%.
The investment community will be paying close attention to the earnings performance of SLB in its upcoming release. The company is slated to reveal its earnings on July 24, 2026. The company is expected to report EPS of $0.52, down 29.73% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $8.71 billion, reflecting a 1.95% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.6 per share and a revenue of $36.55 billion, signifying shifts of -11.26% and +2.36%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for SLB. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.66% lower. At present, SLB boasts a Zacks Rank of #3 (Hold).
With respect to valuation, SLB is currently being traded at a Forward P/E ratio of 17.59. This indicates a discount in contrast to its industry's Forward P/E of 17.75.
It is also worth noting that SLB currently has a PEG ratio of 1.85. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Technology Services industry had an average PEG ratio of 1.53 as trading concluded yesterday.
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 110, putting it in the top 45% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Global oil markets have whipsawed this year amid rising geopolitical tensions. In late February, oil prices soared following U.S. and Israeli military strikes on Iran, sending shockwaves through the market. Brent crude surged as high as $138 per barrel as shipping lanes through the Strait of Hormuz came to a halt.
The prospect of a peace deal between the U.S. and Iran has sent oil prices plummeting over the past several weeks, and Brent crude is now hovering around $71 per barrel. Despite the crash, uncertainty surrounding the peace deal and future transit through the Strait of Hormuz remains; investors can take advantage of the recent dip to scoop up one oil stock right now.
Image source: Getty Images.
SLB has tumbled 23% from its recent high SLB (SLB +0.09%) provides oilfield services and technology, in other words, the equipment and software that is used by companies to find and extract oil and gas. While the company doesn't own physical drilling rigs itself, its stock price is highly correlated with commodity price cycles, and the recent dip in oil prices has sent the stock down 23% from its recent high.
The company's first-quarter results were dragged down by the conflict in Iran. While revenue increased 3% year over year, it fell 11% compared to the fourth quarter. Meanwhile, net income fell 6% year over year to $752 million. The decline was driven by disruptions in the Middle East as the company had to halt or scale down operations across the region to ensure the safety of its personnel and assets.
That said, management at SLB views the disruptions in the Middle East as temporary and has chosen not to reduce its cost base, preserving operational capacity as it prepares for a rebound. Management projects a broad-based recovery driven by structural supply rebalancing and remains optimistic about its outlook through the rest of this year and into 2028.
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Longer-term demand is robust Management anticipates that commodity prices will settle at higher levels than before the conflict. That's because of supply-and-demand imbalances, with more than 500 barrels of production loss noted during its late-April earnings call. The company projects that the conflict could drive significant investment in building supply redundancies, inventory replenishment, and the development of local resources to boost resilience.
Upstream operators are shifting toward long-cycle deepwater developments, and management notes that the Final Investment Decision (FID) pipeline is over $100 billion. Because deepwater frontier basins across Latin America, Africa, and East Asia require technological solutions and multiyear lead times, SLB commands pricing power, and a firm FID pipeline indicates strong, committed future revenue.
SLB is an oil stock to buy on the dip Oil and gas stocks are cyclical and highly correlated with oil prices, which have driven them down in recent weeks. The big risk to SLB is an ongoing slowdown in global oil demand and the risk of oversupply later this year, which could delay the offshore service spending rebound.
That said, oil is trading around $70 per barrel, above its pre-conflict level, and will likely remain elevated as countries replenish reserves used to buoy the market during the conflict. For investors looking to capitalize on the dip in oil stocks, SLB looks like a good buy today.
Not so long ago, oil prices were firmly in the triple digits, with investors stressing over their further prospects and inflationary effects.
Yet, as of the start of Q3, the benchmark crude has slipped back below the levels before the outbreak of the Iran war. Net speculative length, according to Eric Nuttall, a Senior PM at Ninepoint Partners, has collapsed from 511 million barrels to 162 million — a full retreat to the kind of positioning last seen before the latest supply scare.
On the surface, such numbers would look bearish, but before examining the physical inventories that seem to be evaporating on a weekly basis.
"We’ve gone from a 177-million-barrel surplus to a 141-million-barrel deficit relative to the 5-year average," Nuttall said in a recent review, while explaining that floating storage has been absorbed too.
Domestic commercial crude inventories are near their lowest levels since at least 2016, and the Strategic Petroleum Reserve is at its lowest level since 1983.
Demand Destruction Mirage China might be the reason why the price spike was short-lived. By May, China accounted for 74% of the worldwide decline in crude imports, according to Ken Chao, CIO of YCC Capital.
Meanwhile, Nuttall’s data for June is even more stark. Chinese oil imports were down 4.9 million barrels per day year over year. It sounds like demand destruction until investors look into downstream demand.
US crack spreads — refinery margins for turning crude into gasoline and diesel — have been hovering around $57 a barrel, just shy of the $59 record. Mobility data, flights and refinery margins all point to demand that is resilient, not collapsing.
"You cannot drop your imports by 5 million barrels per day when your domestic demand remains very strong," Nuttall said. "And so, the thought is that they’ve been depleting invisible stocks of refined product… eventually they will have to come back to the market."
The second misunderstanding is supply. Markets like to treat oil output as if it were a factory line: pause it, restart it, move on. Reservoirs are less obedient, as Chao noted.
"Shutting down oil production is relatively easy, but restoring it is remarkably difficult."
Wells need pressure management, infrastructure repairs, pipeline inspections, storage, transport and time. Extended shutdowns can permanently damage reservoir performance.
Such a distinction matters, as per Nuttall’s estimate, about 9.4 million barrels a day of Middle Eastern production remains shut in or curtailed. As if the production fallout wasn’t enough, veteran investor Rick Rule has been warning of a different, more hidden risk.
According to his calculations, even before the US-Iran war erupted, the world’s producers – especially state oil companies – have been underinvesting in sustaining capital by a billion dollars a day. For equity markets, the mismatch might be the trade.
The Long-Term SetupRule thinks the market is staring too hard at the recent chart and missing the 2029–2030 setup. "They will look at the three-month past performance and not look at the inevitability of lower production," he said in a recent interview. "We’re going to have a spectacular buying opportunity."
"It isn’t just the repair of the stuff that’s been blown up. It’s the fact that in the early part of the decade of the 2030s, we’re going to need to make up for that deferred sustaining capital investment. And those guys are going to coin money," Rule concluded.
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Key Takeaways SLB became KOC's first technology partner under the Ahmadi Innovation Valley initiative.SLB will deploy AI, IIoT, reservoir and production technologies under the seven-year agreement.SLB plans to open an innovation center in Kuwait, with operations targeted to begin in 2028. SLB N.V. (SLB - Free Report) has secured a seven-year contract from Kuwait Oil Company (KOC) under the Ahmadi Innovation Valley (AIV) initiative, strengthening its long-term growth prospects in the Middle East. The agreement makes SLB the first contracted technology partner under KOC's flagship innovation program, reinforcing the company's leadership in digital energy technologies and advanced oilfield services.
Under the contract, SLB will collaborate with KOC to develop, evaluate and deploy technologies across artificial intelligence (AI), Industrial Internet of Things (IIoT), reservoir technologies, production optimization, water management and energy transition initiatives.
The award expands a relationship spanning more than 85 years and provides SLB with a long-duration revenue opportunity while strengthening its presence in one of the world's largest oil-producing regions. Beyond technology deployment, SLB plans to establish a dedicated Ahmadi Innovation Valley facility in Kuwait, with construction beginning in 2026 and operations expected to commence in 2028. The new center will support applied research, pilot projects, technology management and knowledge transfer, creating opportunities for future service contracts and strengthening customer relationships.
The contract reflects SLB's focus on growing advanced digital and technology solutions, which generate higher profit margins than standard oilfield services. The agreement also positions the company to benefit from the growing demand for AI-enabled field optimization and automation as energy companies modernize their operations. By becoming KOC's inaugural innovation partner, SLB enhances its Middle East footprint while generating additional cash flow, strengthening its business model and increasing investor appeal.
SLB currently carries a Zacks Rank #3 (Hold).
The business models of players providing equipment and services to energy companies including SLB are dependent on capital spending by the upstream players. Therefore, Weatherford International plc (WFRD - Free Report) , which provides equipment and services to energy companies is benefiting from energy players such as Vista Energy, S.A.B. de C.V. (VIST - Free Report) and Aker BP ASA (AKRBY - Free Report) . Both these companies have upstream operations and are enjoying a favorable pricing environment, with Brent crude oil prices trading above the $70-per-barrel mark, according to oilprice.com.
WFRD, VIST and AKRBY carry a Zacks Rank #2 (Buy) each at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Weatherford leverages its equipment and digital solutions to support oil and gas wells across 75 countries throughout their lifecycles. In the first quarter of 2026, WFRD achieved a major milestone in the U.K. sector by completing the initial deployment of its AlphaV casing system in Liverpool Bay. This historic whipstock installation in the Irish Sea lowered operational costs and delivered significant time savings for the project.
Vista operates 257,000 net acres in Argentina’s prolific Vaca Muerta basin, achieving a 67% year-over-year production growth to 134,741 barrels of oil equivalent per day (Boe/d) in the first quarter of 2026. Supported by this strong performance, VIST increased its full-year production guidance to 143,000 Boe/d.
Aker BP operates key Norwegian Continental Shelf (NCS) hubs like Alvheim, Edvard Grieg/Ivar Aasen, Valhall, Skarv and Ula, and holds a stake in Johan Sverdrup. AKRBY has strengthened its NCS portfolio by securing a 19% interest in high-potential exploration licenses, including Grosbeak, Swisher, Toppand and Rover.
SLB (SLB - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this world's largest oilfield services company have returned -20.7%, compared to the Zacks S&P 500 composite's -1.4% change. During this period, the Zacks Technology Services industry, which SLB falls in, has lost 4.7%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, SLB is expected to post earnings of $0.52 per share, indicating a change of -29.7% from the year-ago quarter. The Zacks Consensus Estimate has changed -2.1% over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $2.6 points to a change of -11.3% from the prior year. Over the last 30 days, this estimate has changed -0.7%.
For the next fiscal year, the consensus earnings estimate of $3.4 indicates a change of +30.7% from what SLB is expected to report a year ago. Over the past month, the estimate has changed -0.3%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for SLB.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For SLB, the consensus sales estimate for the current quarter of $8.71 billion indicates a year-over-year change of +2%. For the current and next fiscal years, $36.55 billion and $39.38 billion estimates indicate +2.4% and +7.7% changes, respectively.
Last Reported Results and Surprise HistorySLB reported revenues of $8.72 billion in the last reported quarter, representing a year-over-year change of +2.7%. EPS of $0.52 for the same period compares with $0.72 a year ago.
Compared to the Zacks Consensus Estimate of $8.63 billion, the reported revenues represent a surprise of +1.09%. The EPS surprise was +1.96%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
SLB is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about SLB. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
The U.S. and Iran are working toward a peace accord, and while that's good news in geopolitical terms, it's had the predictable impact of sending oil prices lower. Hopefully, those benefits will soon be passed along to local gas stations, providing some much-needed relief for drivers.
On the other side of the ledger, investors holding certain energy stocks amid the peace deal news are being reminded that oil equities can take away as quickly as they give. Perhaps even more so. Just look at oil services giant SLB (SLB +0.24%). Shares of the company formerly known as Schlumberger are sensitive to oil prices, but there occasions when that relationship diverges.
SLB stock is slumping, but the dip may be worth buying. Image source: Getty Images.
Down 18% over the past month, SLB is flirting dangerously with a bear market, but the stock's recent tumble may ultimately work in the favor of long-term investors. Hence, this name tops my July energy sector shopping list.
SLB can sizzle again Over the near-term, this oil stock would benefit from steadiness in the crude market. If a peace agreement between the U.S. and Iran holds and oil shipments flow through the Strait of Hormuz in earnest, it's possible SLB stock benefits from normalization in the oil market rather than being beholden to sharp, headline-driven price swings.
Assuming that happens, there's a lot to like here, particularly from a long-term perspective. Interestingly, some of that thesis is tied to Iran, but it's not about oil's near-term gyrations stemming from conflict there. Rather, the constructive outlook on SLB is tied to postwar goings on in the region.
Geopolitical stability in the Middle East could spark a new wave of investment by SLB customers eager to up capacity there while embracing new technology. Some market observers believe those factors could send the stock to $80 over the long term, implying upside of about 70% from its June 25 price, according to Barron's. A portfolio manager interviewed by the publication says SLB can make a run at $90 as earnings accelerate.
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Lasting peace in Iran and a more stable environment in the Middle East are material to SLB because the region accounted for a third of the company's 2025 revenue and 50% of its profits. Some SLB clients halted production when the war started, but if the peace deal holds, those exploration and production companies may be compelled to get back in the game, potentially supporting SLB stock.
The SLB tech angle Let's keep it real. SLB is not a tech stock, but it's more "techy" than some investors may think. In fact, SLB has a freestanding digital division that's a cash cow. It generates over $1 billion in annual recurring revenue and is growing at an impressive 15% year over year.
What's interesting about SLB's digital business is that the company isn't hawking artificial intelligence (AI) or software to clients. Rather, SLB integrates AI, software, and other technologies into platforms to improve client outcomes.
Beyond the platform business, SLB's tech-centric digital exploration, operations, and professional services offerings open pathways to higher-margin, predictable revenue streams. In essence, SLB is focusing on less cyclical, higher-margin opportunities, and that transition is rooted in technology. That positions the company for long-term growth, suggesting the stock's recent pullback may be more of an opportunity than a cause for despair.
SLB (SLB - Free Report) has been beaten down lately with too much selling pressure. While the stock has lost 15.3% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.
We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements.
RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30.
Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal.
So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefiting from the inevitable rebound.
However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision.
Why a Trend Reversal is Due for SLBThe heavy selling of SLB shares appears to be in the process of exhausting itself, as indicated by its RSI reading of 27.38. So, the trend for the stock could reverse soon for reaching the old equilibrium of supply and demand.
This technical indicator is not the only factor that calls for a potential rebound for the stock. There is a fundamental indicator as well. A strong agreement among sell-side analysts covering SLB in raising earnings estimates for the current year has led to an increase in the consensus EPS estimate by 0% over the last 30 days. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term.
Moreover, SLB currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. This is a more conclusive indication of the stock's potential turnaround in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Agreement makes SLB the first contracted partner under KOC's flagship innovation initiative
HOUSTON--(BUSINESS WIRE)--Global energy technology company SLB (NYSE: SLB) has been awarded a seven-year contract by Kuwait Oil Company (KOC) under the Ahmadi Innovation Valley (AIV) initiative. The agreement will support applied research, technology deployment and digital innovation programs aligned with Kuwait's long-term energy objectives.
Under the agreement, SLB will work with KOC to evaluate, test and deploy advanced technologies across a range of operational and strategic priorities, including artificial intelligence (AI), industrial internet of things (IIoT) applications, production optimization, reservoir technologies, water management and energy transition initiatives.
Ahmadi Innovation Valley is KOC's flagship innovation initiative that brings together industry, academia and technology providers to address strategic upstream technical challenges.
"Ahmadi Innovation Valley represents an important step in advancing technology leadership across Kuwait's energy sector," said Ahmad Jaber Al-Eidan, chief executive officer, Kuwait Oil Company. "Through collaboration with leading technology partners, we are accelerating technology deployment, strengthening local capabilities and expanding knowledge transfer to support Kuwait's energy industry."
"The energy industry has no shortage of technology. The challenge is deploying it at scale and turning innovation into operational impact," said Olivier Le Peuch, chief executive officer, SLB. "Ahmadi Innovation Valley brings together technology providers, researchers and operational teams to accelerate the evaluation, deployment and scaling of new solutions across KOC's operations. We are proud to contribute our technology, domain expertise and global experience while helping strengthen local capabilities and support the next generation of Kuwaiti talent."
Through the AIV initiative, SLB will support applied research and technology management spanning multiple business lines and technology domains. The initiative provides KOC with a flexible approach to evaluate, pilot and deploy new technologies.
As part of the agreement, SLB plans to establish a dedicated Ahmadi Innovation Valley facility in Kuwait, with construction expected to begin in 2026 and opening planned for 2028.
The award builds on more than 85 years of collaboration between SLB and KOC and marks a significant milestone in the companies' longstanding relationship.
Key Points:
Kuwait Oil Company (KOC) awarded SLB a seven-year contract under the Ahmadi Innovation Valley (AIV) initiative. Through the AIV initiative, SLB will support applied research and technology programs across nearly 100 projects spanning artificial intelligence, industrial internet of things (IIoT) applications, production optimization, reservoir technologies, water management and energy transition initiatives. As part of the agreement, SLB plans to establish a dedicated Ahmadi Innovation Valley facility in Kuwait, with construction expected to begin in 2026 and opening planned for 2028. About SLB
SLB (NYSE: SLB) is a global technology company that has driven energy innovation for 100 years. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com.
This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “can,” “estimate,” “intend,” “anticipate,” “will,” “potential,” “projected" and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, SLB’s new technologies and partnerships; statements about goals, plans and projections with respect to sustainability and environmental matters; forecasts or expectations regarding energy transition and global climate change; and improvements in operating procedures and technology. These statements are subject to risks and uncertainties, including, but not limited to, the inability to achieve net-negative carbon emissions goals; the inability to recognize intended benefits of SLB’s strategies, initiatives or partnerships; legislative and regulatory initiatives addressing environmental concerns, including initiatives addressing the impact of global climate change; the timing or receipt of regulatory approvals and permits; and other risks and uncertainties detailed in SLB’s most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. The forward-looking statements speak only as of the date of this press release, and SLB disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
, /PRNewswire/ -- Industrial Realty Group, LLC (IRG), one of the nation's largest industrial real estate developers and owners, is proud to announce that its tenant, SLB (NYSE: SLB), a global energy technology company, has further expanded its operations at IRG's Shreveport Business Park campus. SLB has expanded various times since first establishing its presence at the property in 2023. With this latest expansion, SLB will occupy a total of 3.1 million square feet, taking the balance of the remaining space at the former General Motors plant.
Shreveport Business Park is now home to three companies and fully leased. The milestone marks the culmination of a remarkable transformation for the 3.5-million-square-foot industrial campus. Once substantially vacant, the property has evolved into a major advanced manufacturing project that is generating significant economic benefits for Northwest Louisiana. With SLB, Hyundai Glovis, and USPS operating on site, employment numbers are on track to well exceed GM's at the conclusion of its operations.
"SLB's continued expansion in Shreveport is a tremendous success story for all involved and a powerful example of what can happen when world-class companies find the right facility, workforce, and business environment," said Stuart Lichter, President of IRG. "This growth has transformed a once-underutilized property into a major economic driver for Northwest Louisiana."
SLB first announced plans to establish operations at the Shreveport campus in 2023, leasing more than 1 million square feet for advanced manufacturing operations. The project represented an $18.5 million investment.
Building on that success, SLB continued with various expansions, committing in late 2025 to an additional $30 million investment. By then, SLB's presence had swelled to 2.1 million square feet of modern, climate-controlled advanced manufacturing space.
Their latest growth brings SLB's total footprint on the campus to more than 3.1 million square feet, leasing the remaining available space at the property. SLB's current presence includes 820 employees on site, with an estimated 1,200 total employees following the completion of the expansion.
By 2027, an estimated 1,400 employees will work at Shreveport Business Park, well-surpassing the approximately 800 employees working there at the time of GM's 2012 closure. The growth underscores the continued attractiveness of the region for industrial investment and job creation.
"IRG is continuing its record of success in the transformation of underutilized industrial properties for job-creating reuse with this milestone in the redevelopment of the former GM plant. IRG and SLB are bringing tremendous new investment and economic opportunities for the community," said Elliott P. Laws, Administrative Trustee of RACER Trust, which assumed ownership following the GM closure. "RACER Trust congratulates and thanks IRG for its performance and welcomes the news that Shreveport Business Park is fully occupied and creating such positive outcomes for Shreveport and Caddo Parish."
RACER and its predecessor, Motors Liquidation Company, along with Louisiana Economic Development (LED) and Northern Louisiana Economic Partnership (NLEP), aggressively marketed the Shreveport property to prospects globally. RACER vetted more than 50 prospects before concluding a series of transactions, with the consent of Caddo Parish, LED and NLEP, resulting in selling the plant to the Caddo Parish Industrial Development Board, subject to a lease of the entire plant to IRG. Since then, IRG has purchased the property and with the help of LED, NLEP, Caddo Parish, the City of Shreveport and other supporters, brought the site to production once again.
"Few industrial redevelopment projects demonstrate the impact of adaptive reuse more clearly than this campus," Lichter said. "To see this massive property evolve from a largely vacant facility into a fully occupied industrial campus anchored by significant tenant investment, is exactly the kind of outcome we envisioned. This project is creating jobs and strengthening the regional economy, and we are incredibly proud to be part of it."
The project is an excellent example of IRG's leasing expertise. To date, IRG has leased approximately 4.3 million sq. ft. of vacant space in 2026.
About IRG
IRG is a nationwide real estate development and investment firm specializing in the acquisition, development, and management of commercial and industrial real estate throughout the United States. IRG, through its affiliated partnerships and limited liability companies, operates a portfolio containing over 150 properties in 31 states with over 100 million square feet of rentable space. IRG is nationally recognized as a leading force behind the adaptive reuse of commercial and industrial real estate, solving some of America's most difficult real estate challenges.
Learn more at www.industrialrealtygroup.com.
Lauren Crumrine | Vice President of Marketing | IRG | 614-562-9252 | [email protected]
SLB (SLB - Free Report) closed the most recent trading day at $46.38, moving -1.32% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 1.18%. Elsewhere, the Dow gained 0.59%, while the tech-heavy Nasdaq added 2.07%.
The stock of world's largest oilfield services company has fallen by 13.84% in the past month, lagging the Business Services sector's loss of 0.5% and the S&P 500's loss of 2.9%.
The investment community will be closely monitoring the performance of SLB in its forthcoming earnings report. The company is scheduled to release its earnings on July 24, 2026. The company's upcoming EPS is projected at $0.52, signifying a 29.73% drop compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $8.71 billion, indicating a 1.95% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $2.62 per share and a revenue of $36.55 billion, demonstrating changes of -10.58% and +2.36%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for SLB. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.03% higher within the past month. SLB is currently sporting a Zacks Rank of #3 (Hold).
In the context of valuation, SLB is at present trading with a Forward P/E ratio of 17.96. For comparison, its industry has an average Forward P/E of 16.86, which means SLB is trading at a premium to the group.
It is also worth noting that SLB currently has a PEG ratio of 1.89. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. SLB's industry had an average PEG ratio of 1.45 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 163, positioning it in the bottom 34% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
As global energy demand continues to shift, retail investors face a choice between equipment specialist NOV and technology leader SLB. Both NOV (NOV 1.48%) and SLB N.V. (SLB 0.89%) offer different paths into the sector.
NOV focuses on the essential hardware and digital tools used in drilling and production across the globe. SLB operates as a larger, technology-integrated service provider with a massive international footprint. Comparing these two companies involves looking at how their different scales and business models translate into financial results for shareholders.
The case for NOVNOV operates as a critical provider of equipment and technology to the energy industry, focusing on segments such as well construction and completion. The company sells specialized hardware to drilling contractors and energy producers who require reliable tools for complex environments. As the industry evolves, many players are also looking toward renewable energy stocks to diversify their long-term portfolios.
During FY 2025, the company reported revenue of nearly $8.7 billion, a slight 1.4% decline from the previous year. Net income for the period was close to $145.0 million, resulting in a net margin of roughly 1.7%. This net margin, which measures how much profit a company kept from every dollar of sales, declined from the previous fiscal year.
As of its December 2025 balance sheet, the company maintains a debt-to-equity ratio of approximately 0.4x. This ratio, which compares total debt to shareholder equity, suggests the company uses a moderate amount of debt to fund its operations. The current ratio stands at roughly 2.4x, indicating that current assets comfortably cover current liabilities. Additionally, the company generated free cash flow of nearly $864.0 million in FY 2025, the cash remaining after operating and capital expenditures.
The case for SLB N.V.SLB N.V. is a global technology firm that provides digital solutions and reservoir performance services to a wide range of energy customers. The company operates across four main divisions, serving national oil companies and large integrated operators in more than 100 countries. No single customer accounted for more than 10% of revenue in FY 2025, reducing the risk of losing a major contract.
In FY 2025, the company generated revenue of approximately $35.7 billion, reflecting a year-over-year decrease of nearly 1.6%. Despite this slight revenue dip, the company reported net income of roughly $3.4 billion. This resulted in a net margin of approximately 9.4%, showing that the company retained a significant portion of its revenue as profit.
As of the December 2025 balance sheet, the debt-to-equity ratio was roughly 0.5x. This indicates that for every dollar of equity, the company carries about fifty cents of debt. The current ratio stands at approximately 1.3x, showing the company has enough liquid assets to meet its short-term obligations. For FY 2025, free cash flow reached nearly $4.8 billion, providing the company with significant capital to reinvest or return to shareholders.
Risk profile comparisonNOV faces significant risks from the inherent volatility of the oil and gas industry, as its results depend on drilling activity and rig counts. The company also deals with geopolitical risks, as roughly 66% of its FY 2025 revenue came from outside the United States. Furthermore, reliance on global supply chains exposes the business to cost inflation and potential shipping delays for critical components. These factors can create unpredictable fluctuations in earnings from one year to the next.
SLB N.V. encounters similar industry-wide risks, though its international exposure is even higher, with approximately 82% of revenue derived from non-U.S. operations. This exposes the company to trade sanctions and social unrest across regions where it competes with firms such as Halliburton (HAL 1.33%) and Baker Hughes (BKR 0.67%). Additionally, the company must manage the transition to cleaner energy systems, as failure to adapt its technology portfolio could limit its future growth. Cybersecurity also remains a persistent threat to its heavily digitized operations.
Valuation comparisonSLB N.V. appears to offer a lower valuation based on its future earnings estimates, while NOV trades at a significantly lower sales multiple.
MetricNOVSLB N.V.Sector BenchmarkForward P/E24.0x21.2x21.4xP/S ratio0.8x2.3xSector benchmark uses the SPDR XLE sector ETF.
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.
NOV and SLB both provide equipment and services to the energy industry. They occupy different niches within the energy sector, however. Energy remains an essential industry, but it can also be highly cyclical. If you are choosing between these two stocks, here are a few things to consider.
NOV manufactures drilling equipment and other hardware that is used in the production of oil and gas. Demand for its products can be strong at times, but it is highly cyclical because energy producers often reduce capital spending when gas and oil prices weaken. NOV’s balance sheet is a big advantage, since the company carries relatively little debt.
SLB has become more technology-driven, offering digital solutions and data analytics to its customers. It is also heavily involved in offshore drilling through its OneSubsea venture. These businesses are high-margin, and the company operates globally, which protects it against dependence on one single region or customer. It carries more debt but generates significantly more revenue and earnings than NOV, which, along with its cash flow, allows it to manage its debt and still pay a higher dividend to shareholders.
Both companies could perform well if energy investment remains strong. However, because of its long-term growth potential, profitability, and valuation, SLB appears to be the stronger choice for most investors.
In the latest trading session, SLB (SLB - Free Report) closed at $46.61, marking a -2.47% move from the previous day. This change lagged the S&P 500's 0.1% loss on the day. On the other hand, the Dow registered a gain of 0.35%, and the technology-centric Nasdaq decreased by 0.43%.
The stock of world's largest oilfield services company has fallen by 17.58% in the past month, lagging the Business Services sector's loss of 2.53% and the S&P 500's loss of 1.34%.
The upcoming earnings release of SLB will be of great interest to investors. The company's earnings report is expected on July 24, 2026. On that day, SLB is projected to report earnings of $0.52 per share, which would represent a year-over-year decline of 29.73%. At the same time, our most recent consensus estimate is projecting a revenue of $8.71 billion, reflecting a 1.95% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.62 per share and a revenue of $36.55 billion, representing changes of -10.58% and +2.36%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for SLB. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.03% higher. SLB is currently a Zacks Rank #3 (Hold).
Investors should also note SLB's current valuation metrics, including its Forward P/E ratio of 18.26. This indicates a premium in contrast to its industry's Forward P/E of 15.4.
We can additionally observe that SLB currently boasts a PEG ratio of 1.92. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Technology Services was holding an average PEG ratio of 1.38 at yesterday's closing price.
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 167, which puts it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SLB in the coming trading sessions, be sure to utilize Zacks.com.
SLB (SLB - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Shares of this world's largest oilfield services company have returned -6.5% over the past month versus the Zacks S&P 500 composite's +1.6% change. The Zacks Technology Services industry, to which SLB belongs, has gained 0.1% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
SLB is expected to post earnings of $0.53 per share for the current quarter, representing a year-over-year change of -28.4%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.5%.
The consensus earnings estimate of $2.62 for the current fiscal year indicates a year-over-year change of -10.6%. This estimate has changed +0.4% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $3.41 indicates a change of +30.1% from what SLB is expected to report a year ago. Over the past month, the estimate has changed +1.2%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for SLB.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of SLB, the consensus sales estimate of $8.71 billion for the current quarter points to a year-over-year change of +2%. The $36.55 billion and $39.38 billion estimates for the current and next fiscal years indicate changes of +2.4% and +7.7%, respectively.
Last Reported Results and Surprise HistorySLB reported revenues of $8.72 billion in the last reported quarter, representing a year-over-year change of +2.7%. EPS of $0.52 for the same period compares with $0.72 a year ago.
Compared to the Zacks Consensus Estimate of $8.63 billion, the reported revenues represent a surprise of +1.09%. The EPS surprise was +1.96%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
SLB is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about SLB. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
The entrance to oilfield service provider SLB's office in Houston, Texas, showing the former Schlumberger's new name and logo, is seen in this handout image taken June 2023. Courtesy of... Purchase Licensing Rights, opens new tab Read more
CompaniesJune 17 (Reuters) - SLB (SLB.N), opens new tab said on Wednesday that it aims to nearly double its annual digital revenue to $2 billion by 2030, as it expects AI-driven adoption to lift the global digital market to as much as $50 billion by the end of the decade.
At its Digital Investor Day, the oilfield services provider also said it expects annual digital spending to grow by an additional $10 billion by 2030.
Learn about the latest breakthroughs in AI and tech with the Reuters Artificial Intelligencer newsletter. Sign up here.
Outlining growth targets for SLB's digital business, CFO Stephane Biguet said, "We see a path to approximately double our current adjusted EBITDA for digital to between $1.8 billion and $2 billion by 2030 with margins expanding to a range of 38% to 42% towards the end of the decade."
Oilfield contractors including SLB are also pursuing growth by providing power equipment, turbines and data solutions to artificial intelligence data centers to tap into the AI infrastructure boom.
AUTOMATION AND AIEnergy companies like SLB are increasingly adopting digital technologies to manage growing volumes of geological, production and infrastructure data as they look to cut costs, improve reliability and reduce emissions.
SLB said it is widening digital adoption by expanding connected equipment and data-led services, with around 35% of its electrical submersible pumps currently connected and monitored, and a target to reach 60% by 2030.
It also aims to increase the use of digital add-ons in formation evaluation operations to 60% from roughly 14%, while boosting autonomous drilling to 25% from about 3% over the same period.
In March, SLB had said it would expand its partnership with Nvidia (NVDA.O), opens new tab to develop AI infrastructure and models for the energy sector.
Reporting by Sumit Saha and Pooja Menon in Bengaluru; Editing by Diti Pujara
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Key Takeaways SLB's new Digital Marketplace provides access to about 200 AI, software and digital solutions.The platform brings together certified offerings from SLB and more than 30 partners in a single ecosystem.The launch supports the adoption of the Delfi, Lumi and Tela platforms while expanding SLB's revenue streams. SLB N.V. (SLB - Free Report) announced the launch of the SLB Digital Marketplace, a new platform designed to help energy companies quickly discover, deploy and integrate artificial intelligence (AI) solutions, digital applications,domain models, skills,data connectors and tools within their existing operating environments.
The marketplace supports SLB's digital transformation strategy by establishing an open ecosystem in which customers, developers, independent software vendors (ISVs) and partners can access certified digital solutions through a single platform.
The initiative strengthens SLB's position as a leading provider of digital technologies to the energy industry. The marketplace currently offers around 200 digital products, including Tela AI skills, agents, plugins, foundation models, data connectors, Delfi and Lumi SaaS applications, and workflow extensions from SLB and more than 30 partners. By expanding its digital ecosystem, SLB is expected to drive greater adoption of its Delfi, Lumi and Tela platforms, thereby expanding its revenue streams beyond traditional oilfield services.
The launch aligns with the energy sector's growing shift toward agentic AI to automate complex tasks and drive better decisions. By providing customers with secure, interoperable and certified AI solutions, SLB is positioning itself at the center of the industry's digital evolution. The platform’s open ecosystem encourages innovation, enabling SLB to expand its offerings.
The Digital Marketplace enhances customer value by reducing deployment times, improving workflow efficiency and enabling easier access to advanced AI capabilities. For SLB, broader ecosystem participation is expected to deepen customer relationships and support long-term margin expansion through higher-value software and digital services.
SLB currently carries a Zacks Rank #3 (Hold).
The business models of SLB and other players that provide equipment and services to energy producers are dependent on capital spending by the upstream players. Weatherford International plc (WFRD - Free Report) , which provides equipment and services to energy companies, is benefiting asupstream players such as Vista Energy, S.A.B. de C.V. (VIST - Free Report) and Ecopetrol S.A. (EC - Free Report) are enjoying a favorable pricing environment, with West Texas Intermediate (“WTI”) crude oil prices trading above the $75-per-barrel mark, according to oilprice.com.
VIST and EC currently carry a Zacks Rank #2 (Buy) each, while WFRD sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Operating across 75 countries, Weatherford International delivers comprehensive equipment and digital solutions to support oil and natural gas wells throughout their entire lifecycle. Continuing its global expansion, WFRD recently secured a five-year contract from a major operator to deploy Artificial Lift and Digital Solutions in Oman.
Argentina-based operator Vista has around 257,000 net acres in the prolific Vaca Muerta basin. In the first quarter of 2026, VIST recorded total production of 134,741 barrels of oil equivalent per day (Boe/d), up 67% year over year. Driven by this strong performance, Vista raised its full-year production guidance from 140,000 Boe/d to 143,000 Boe/d.
Operating across the hydrocarbon value chain, Ecopetrol serves as Colombia’s leading integrated energy company. EC anticipates achieving production of 730,000–740,000 Boe/d in 2026 and plans to maintain this output between 700,000 and 750,000 Boe/d through 2040.
SLB N.V. is evolving from legacy oilfield services into digital, AI-enabled workflows and data center infrastructure, driving future growth. Q1 2026 faced Middle East disruptions, with organic revenue down 3% YoY, but ChampionX acquisition and digital/data center segments offset declines. SLB's forward P/E of 18.6 is below its normal valuation, offering an attractive entry point amid normalization in the Middle East and robust digital/data center momentum.
SLB (NYSE:SLB | SLB Price Prediction) and NVIDIA (NASDAQ:NVDA) have collaborated for roughly two decades, and their partnership just took center stage on CNBC. SLB CEO Olivier Le Peuch sat down with Jim Cramer on June 18, 2026 to walk through the company’s digital investor day and explain how AI is rewiring the oil patch into something that looks a lot more like a software business.
Cramer’s framing was direct: the way oil majors “are going to make more money is by bringing in the technology of SLB.” That is a meaningful endorsement for a company whose stock has had a rough month even as the AI narrative around it has strengthened.
The 20-Year Nvidia Backbone Le Peuch clarified the nature of the Nvidia relationship. SLB discovered Nvidia’s GPU horsepower roughly 20 years ago for reservoir simulation and seismic processing, and the two companies have built what he describes as a symbiotic relationship ever since. The new wrinkle is scale. SLB has been selected as a “modular design partner for NVIDIA DSX AI factories,” and the joint “AI Factory for Energy” announced in March 2026 is being industrialized across SLB’s Delfi and Lumi platforms.
The technical moat matters because oil and gas data is messy, proprietary, and physics-heavy. Le Peuch put it plainly on the Q1 call: “It is the right time for the industry to adopt AI at scale. We are unique in our capability; we have deep domain knowledge and a platform that can help scale AI capability.”
A Software Business Hiding Inside an Oilfield Services Company SLB’s digital business is only about 7% of revenue, yet it carries higher margins than the core and recurring-revenue characteristics typical of enterprise software. Digital revenue hit $640 million in Q1 2026, up 9% year over year, with digital operations growing 87%. Annual recurring revenue crossed $1.02 billion, up 15%. Data center solutions, the modular infrastructure piece tied to the Nvidia partnership, grew 45% year over year and is targeting a $1 billion run rate by year end.
Le Peuch’s anchor message to Cramer: “This digital trend… is here to be a secular trend… This is durable growth. This is adding a new earnings growth engine to the company.” That reframes the stock. Investors used to discount SLB against crude price cycles. The digital layer changes the equation.
Libya: Proof That Drilling Itself Is Becoming AI The most concrete data point came from a Libyan operation. Using autonomous drilling, SLB steered the well dynamically to stay in the reservoir sweet spot, cutting drilling time roughly in half while accessing significantly higher net reservoir pay than prior wells. Customers are moving from pilots to full enterprise rollouts. SLB also reports automated footage reading up 145% year on year, a tangible adoption metric rarely seen in oilfield services.
The Stock Setup SLB shares trade at $48.28, down 11.48% over the past month as WTI crude slid 22.3% from its early-June highs to $84.65. Year to date, SLB is up 32.57%, with a forward P/E of 20 and an analyst target of $62.36. The pullback resets the digital thesis at a lower price for investors weighing Le Peuch’s secular argument.
Nvidia reported Q1 FY2027 revenue of $81.61 billion, up 85.2% year over year, with Jensen Huang calling AI factory buildout “the largest infrastructure expansion in human history.” Energy is the next frontier of that buildout. The supporting filing is available via the company’s Q1 FY2027 8-K.
What To Watch If Le Peuch is right that digital is decoupled from crude, the next two quarters should show data center solutions ARR continuing to compound even as oil prices wobble. The Nvidia partnership is the compute backbone making autonomous drilling commercially viable. For Nvidia, SLB validates that AI factories sell into industries far beyond the cloud. For SLB, the relationship is the bridge from cyclical services vendor to durable AI platform. Keep an eye on the stock as that thesis gets tested.
In the latest trading session, SLB (SLB - Free Report) closed at $53.71, marking a -4.4% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 1.65%. Elsewhere, the Dow gained 0.92%, while the tech-heavy Nasdaq added 3.07%.
Shares of the world's largest oilfield services company have appreciated by 1.44% over the course of the past month, outperforming the Business Services sector's loss of 1.04%, and the S&P 500's gain of 0.48%.
Market participants will be closely following the financial results of SLB in its upcoming release. The company plans to announce its earnings on July 24, 2026. In that report, analysts expect SLB to post earnings of $0.53 per share. This would mark a year-over-year decline of 28.38%. Meanwhile, the latest consensus estimate predicts the revenue to be $8.71 billion, indicating a 1.95% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.62 per share and revenue of $36.55 billion. These totals would mark changes of -10.58% and +2.36%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for SLB. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.38% upward. Currently, SLB is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, SLB currently has a Forward P/E ratio of 21.47. This signifies a premium in comparison to the average Forward P/E of 15.42 for its industry.
We can also see that SLB currently has a PEG ratio of 2.28. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Technology Services stocks are, on average, holding a PEG ratio of 1.43 based on yesterday's closing prices.
The Technology Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 163, finds itself in the bottom 34% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Curated marketplace connects energy professionals, developers and partners to discover, deploy and scale trusted AI agents, domain models and digital applications
HOUSTON--(BUSINESS WIRE)--Global energy technology company SLB (NYSE: SLB) today announced the launch of the SLB Digital Marketplace, a curated digital destination designed to help energy companies rapidly discover and deploy specialized AI agents, domain models, skills, tools, data connectors and digital applications within their existing digital environments.
The SLB Digital Marketplace extends the company’s open platform strategy to its Tela™ agentic AI assistant by enabling SLB, partners, independent software vendors (ISVs), developers and customers to bring purpose-built digital capabilities to the energy industry through a single, governed channel. All marketplace offerings are certified against SLB standards for security, interoperability and compatibility before listing.
The launch comes as the industry moves toward agentic AI — where software can reason, act and automate across complex technical workflows. As these capabilities proliferate, energy companies will need access to a broader ecosystem of specialized tools that work together across planning, operations, data and AI.
“AI in energy is shifting from promise to performance,” said Olivier Le Peuch, chief executive officer of SLB. “The SLB Digital Marketplace is designed to accelerate that shift by creating an open ecosystem where innovation can scale, solutions can interoperate and customers can move faster from insight to action. This is how we translate AI into real performance across the energy system.”
“No single company can build every agent, model or application the energy industry will need,” said Rakesh Jaggi, president of SLB’s digital business. “The SLB Digital Marketplace is the next expression of our commitment to openness, giving energy professionals more choice while maintaining the governance and quality standards required for enterprise operations.”
The marketplace includes approximately 200 digital products including existing Ocean™ store solutions and new solutions from SLB and over 30 partners. These products span Delfi™ and Lumi™ SaaS applications, plug-ins, workflow extensions, data connectors, and Tela AI skills, agents and foundation models.
For energy professionals, the marketplace provides a single destination to evaluate and access trusted digital capabilities that extend workflows across the Delfi and Lumi environments. For developers, partners and ISVs, it provides a structured path to publish and scale solutions across the SLB ecosystem.
Developers and ISVs interested in listing applications can apply through the SLB partner program at marketplace.digital.slb.com and access additional developer resources at developer.slb.com.
Key Points:
SLB has launched the SLB Digital Marketplace, a curated destination to help energy companies rapidly discover and deploy AI and digital solutions within existing digital environments. The marketplace extends SLB’s open platform strategy, enabling SLB, partners, ISVs, developers and customers to deliver offerings through a single, governed channel certified for security, interoperability and compatibility. The launch addresses the industry shift toward agentic AI, where software can reason, act and automate across complex technical workflows. The marketplace includes approximately 200 digital products including existing Ocean™ store solutions and new solutions from SLB and over 30 partners. These products span Delfi™ and Lumi™ SaaS applications, plug-ins, workflow extensions, data connectors, and Tela AI skills, agents and foundation models. About SLB
SLB (NYSE: SLB) is a global technology company that has driven energy innovation for 100 years. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com.
This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “can,” “estimate,” “intend,” “anticipate,” “will,” “potential,” “projected" and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, SLB’s new technologies and partnerships; statements about goals, plans and projections with respect to sustainability and environmental matters; forecasts or expectations regarding energy transition and global climate change; and improvements in operating procedures and technology. These statements are subject to risks and uncertainties, including, but not limited to, the inability to achieve net-negative carbon emissions goals; the inability to recognize intended benefits of SLB’s strategies, initiatives or partnerships; legislative and regulatory initiatives addressing environmental concerns, including initiatives addressing the impact of global climate change; the timing or receipt of regulatory approvals and permits; and other risks and uncertainties detailed in SLB’s most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. The forward-looking statements speak only as of the date of this press release, and SLB disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
