SLB Limited (SLB)

Over the past six months, SLB's stock experienced several notable events. In July 2025, SLB surpassed Wall Street's second-quarter profit expectations, driven by resilient international business. In October 2025, the company reported third-quarter earnings of $0.69 EPS, exceeding consensus estimates, and officially changed its name from Schlumberger Limited to SLB N.V. Analyst activity included JPMorgan Chase & Co. reducing its price target, while Rothschild & Co Redburn initiated coverage with a "buy" rating. Insider selling occurred in November 2025. Significant business developments included the launch of the Tela agentic AI assistant and a strategic collaboration agreement with Shell. SLB also secured a five-year contract from Aramco. Several analysts adjusted their ratings and price targets in December 2025, and the company announced a quarterly dividend of $0.285 per share. In early January 2026, SLB's stock surged due to Venezuela-driven oil volatility and digital growth momentum, hitting a new 52-week high. Evercore ISI upgraded SLB's stock rating to Outperform, increasing its price target. The company is scheduled to release its next earnings report on January 23, 2026.

Demand for SLB's products and services is subject to seasonality. Weather-related factors can disrupt operations, and customer spending patterns influence demand. Higher activity in exploration data and software is often seen in the fourth quarter, while budget constraints among North American customers can lead to lower demand. Global capital expenditures in the oilfield services sector are expected to decline slightly into 2026, but offshore spending is anticipated to be more resilient. The company has previously noted weaker drilling activity in regions like Saudi Arabia and Latin America, and a general slowdown in North America, Mexico, and Saudi Arabia in Q2 2025.

SLB Ltd., formerly Schlumberger Limited, is a global technology company providing products and services to the oil and gas exploration and production industry. It operates in the Energy sector, focusing on reservoir characterization, production, drilling, and processing. SLB offers a wide range of products and services, including wireline logging, drilling services, well completion services, interpretation and consulting services, integrated project management, and advanced digital and AI solutions. The company is also involved in carbon management and the integration of adjacent energy systems.

SLB has a significant global presence, serving over 2,000 active customers across more than 100 countries with approximately 100,000 employees. Its operations are divided into four key geographic areas: North America, Latin America, Europe & Africa, and Middle East & Asia. Non-U.S. operations accounted for approximately 85% of the company's consolidated revenue in 2024. The company has deep roots in regions like Mexico, operates in 12 countries across Central and South America, and has over 80 years of experience in the Middle East. North America hosts SLB's global headquarters and several technology, research, and manufacturing centers.

In the past year, SLB has actively shaped its brand reputation by changing its name to SLB and emphasizing its commitment to a decarbonized energy future. The company has been recognized as a sustainability leader, receiving two SEAL Awards in 2025. SLB's ongoing investment in digital initiatives, such as the launch of the Tela AI assistant and its partnership with Shell for AI solutions, further enhances its reputation as an innovator. Geopolitical instability and market changes could potentially impact its reputation.

SLB's ownership is predominantly institutional, with major institutional shareholders holding between 81.96% and 84.02% of the shares. Key institutional owners include Vanguard Group Inc., BlackRock Inc., and State Street Corp. Individual insider ownership is comparatively small, ranging from 0.22% to 2.80%. The largest individual shareholder is Didier Primat, who owns 2.15% of the company.