SLB is the world's premier oilfield-services company as measured by market share. While the industry is largely fragmented, SLB holds the first or second competitive position in many of the differentiated oligopolies in which it operates.
It is a $72.6B energy company. Revenue grew 2.5% over the last year, it keeps 9¢ of every dollar of sales as profit, and its net debt equals ~1.8 years of free cash flow. It trades at 23.4× earnings — in the most expensive third of its own history.
- Website
- slb.com
- Location
- Houston, TX
- Employees
- 109 000
- Sector
- Energy
- Founded
- 1934
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Profitability, Health and Moat lag behind.
Valuation70
- P/E vs own history69th pct · 5/25
- FCF yield6.6% · 20/25
- P/S2.0x · 25/25
- EV/EBITDA11.9x · 20/25
Growth65
- Revenue CAGR11.7% · 20/25
- Net income CAGR15.7% · 20/25
- EPS CAGR ~5Yn/a · 0/25
- Fwd implied growth35.0% · 25/25
Profitability49
- ROIC11.0% · 12/25
- ROE11.9% · 12/25
- Net margin8.5% · 13/25
- Operating margin11.4% · 12/25
Health49
- Altman Zn/a · 0/25
- Current ratio1.44 · 12/25
- Interest coverage20.0x · 25/25
- Net cash / debtD/A 16% · 12/25
Quality60
- Piotroski F4/9 · 10/25
- Beneish M-2.58 · 25/25
- FCF conversion155% · 25/25
- Margin stabilityσ 29.1% · 0/25
Moat37
- ROIC >12% years3/10 yrs · 6/25
- Median gross margin18.4% · 6/25
- FCF-positive years10/10 yrs · 25/25
- Worst-year net marginworst -44.6% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2024FinancialBest year on record$4.46B net income
- 2024AcquisitionSLB announced its intention to acquire smaller rival ChampionX, in an all-stock deal valued at $7.75…
- FY2018FinancialTurned profitable$2.14B net income after a loss year
- FY2016FinancialRevenue already above $10B$27.8B in first reported year
- FY2016FinancialPositive free cash flow every year since10-year streak
- 2015AcquisitionSchlumberger agreed to acquire oilfield equipment manufacturer Cameron International for $14.8 billion
- 2010AcquisitionAlso announced in 2010 were Schlumberger plans to acquire Geoservices, a French-based company specializing in energy…
- 2006AcquisitionSchlumberger purchased the remaining 30% of WesternGeco from Baker Hughes for US$2.4 billion
- 2003AcquisitionThe Automated Test Equipment group, part of the 1979 Fairchild Semiconductor acquisition, was spun off to…
- 2001AcquisitionSchlumberger acquired the IT consultancy company Sema plc for $5.2 billion
- 1999ProductSchlumberger and Smith International created a joint venture, M-I L.L.C., the world's largest drilling…
- 1970ProductThe first computerized reservoir analysis, SARABAND, was introduced in 1970
- Feb 2, 1962IPOSchlumberger Limited became listed on the New York Stock Exchange
- 1934FoundedThe Schlumberger Well Surveying Corporation was founded in Houston, later evolving into Schlumberger Well…
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Interest covered 20.0× by operating earnings
Watch-outs
- Loss-making in 4 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+2.5% YoY
- Profitable — makes more than it spends$3.10B TTM
- Profit growing — earnings are higher than last year-0.7% YoY
- Generates cash — cash left after running and investing$4.81B TTM
- Debt under control — could handle its obligations~1.8y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$72.6B market cap
- Not printing shares — share count not ballooning — you keep your slice+3.4% shares over ~5y
- Proven track record — years of profitability behind it6/10 profitable years
- Financially stable — balance sheet not near distresshealth score 30/100
- Pays a dividend — returns cash to shareholdersyield 2.33%
- Valuation not extreme — price not wildly above earningsP/E 23.4
Peer comparisonSLB Limited vs 6 largest energy peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| SLB this company | $72.6B | 23.4 | +2.5% | 8.5% | Strained |
| XOM ExxonMobil Holdings Corporation | $694.0B | 21.1 | +9.1% | 8.9% | Mixed |
| CVX Chevron Corporation | $416.8B | 20.3 | +10.2% | 9.6% | Mixed |
| SHEL Shell plc | $284.6B | 11.0 | -6.1% | 6.7% | Solid |
| TTE TotalEnergies SE | $191.1B | 10.9 | -6.8% | 7.2% | Solid |
| COP ConocoPhillips | $161.5B | 17.4 | +9.6% | 14.7% | Strained |
| MPC Marathon Petroleum Corporation | $127.8B | 14.9 | +15.0% | 5.6% | Strained |
Head-to-head: SLB vs XOM · SLB vs CVX · SLB vs SHEL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/SLB
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of SLB on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $48.92 · market cap $72.6B.