Equity Brief · Energy2026-09-16
SLB·Energy

Last results 24 Jul 2026Next reporting 23 Oct 2026In 13 days

Schlumberger

I · AI Analysis

The brief

SLB supplies technology and services for oil and gas operators worldwide, spanning subsurface exploration, well drilling and construction, reservoir stimulation, production systems, and carbon management [Yahoo Finance]. The company manufactures drilling equipment (bits, fluids, bottomhole assemblies), provides directional drilling and measurement-while-drilling services, designs artificial lift and subsea production systems, and offers integrated digital solutions and engineering support across the energy value chain [Yahoo Finance].

SLB N.V. (formerly Schlumberger) is a global oilfield services company providing technology, equipment, and expertise to energy operators across exploration, drilling, production, and carbon management [Yahoo Finance]. The company generated trailing-twelve-month revenue of $36.4B through 30 June 2026, with an operating margin of 13.7% and net margin of 8.5% [Yahoo Finance]. Recent news highlights mixed signals: a five-year stock gain of 125% [Simply Wall St], but quarterly profit pressures from reduced Middle East activity tied to Iran war tensions [EnergyNow], alongside new contract wins such as a five-year deal with Arabian Drilling for eight land rigs [Drilling Contractor].

SLB is financially healthy with moderate debt, solid free cash flow generation, and a forward P/E suggesting expected earnings growth, though recent quarterly margins weakened [Sentinellis calculation].

The brief AI analysisConfidence 7/10

Sentinellis health

Moderate concerns

7.1/10

7.5+ strong · 4.5–7.5 moderate · under 4.5 weak

Profitability

14% of score6.7/10
Net margin+8.5%Gross margin+17.0%· need ≥ 21.6%, the lower third of Energy in our library

Returns on capital

14% of score6.7/10
ROIC+11.5%Return on equity+11.9%· need > 12%

Growth & momentum

19% of score0.0/10
Revenue growth+5.0%· need > +5% YoYOperating margin trend-3.0pp YoY· need not down > 3pp YoY

Balance sheet

29% of score10.0/10
Current ratio1.4xNet debt / EBITDA1.2xInterest coverage8.9xDebt / equity0.47

Cash generation

14% of score10.0/10
Free cash flow$4.6BCash vs reported profit$6.5B vs $3.1B

Value creation

10% of score10.0/10
ROIC vs cost of capital+3.5pp

Sentinellis calculation from the published statements — not a score reported by any data source. Each category is scored on the checks that had data; missing inputs are excluded rather than counted as failures.

Market capitalisation

$80.4B

Revenue (TTM)

$36.4B

Explainers

How we read these numbers

Plain-English guides · no account needed

II · Recent news

What moved

6 stories · ranked by relevance

  • Company2026-09-16

    SLB (SLB) Stock Still Looks Reasonable Following Its 125% Five Year Run - simplywall.st

    Simply Wall St

  • Company2026-09-16

    SLB Quarterly Profit Slips as Iran War Dents Middle East Oilfield Activity - EnergyNow

    EnergyNow

  • Company2026-09-15

    Arabian Drilling signs five-year deal for 8 land rigs with SLB - Drilling Contractor

    Drilling Contractor

  • Company2026-09-14

    Schlumberger Graduate Internship 2026: Sales Support Intern Job Opportunity

    Latest Nigerian News

  • Company2026-09-16

    Schlumberger stock heads into the open after a 4.9 percent drop - ad-hoc-news.de

    ad-hoc-news.de

  • Macro2026-09-15

    US oil equipment rush grows as Venezuela revival takes shape

    The Journal Record

Premium · Free with any account

Quarterly operating margin fell 3.0 percentage points year-over-year despite revenue growth, signaling rising cost pressures or competitive pricing headwinds [Sentinellis calculation].

1 of 5 risks in this report

Risks

5

Opportunities

5

Red flags

1

Leadership

10

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III · Related

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Produced 16 Sept 2026, 11:47 UTC

Figures come from company filings and market data. The Sentinellis health score and the wording attached to it are our interpretation of those figures, not numbers the company reported.

Not investment advice and not a recommendation to buy or sell. Sentinellis holds no positions in the companies it covers, takes no payment from issuers, and has no broker referral arrangements.

How every figure and score is calculated