Schlumberger Limited (SLB)

In the past six months, Schlumberger Ltd.'s stock has experienced a decline of 6.5%, though it has outperformed the broader oil-energy sector's 8.2% decline during the same period. Key events impacting the stock price include the Q1 2025 earnings report, which missed estimates, a cautious outlook for Q4 2024 due to producers tightening budgets, and a warning of a flat Q2 2025 due to a slowdown in activity in Saudi Arabia and Latin America.

Demand for Schlumberger's products and services exhibits seasonality, with revenue experiencing sequential declines in the first quarter due to seasonally lower activity. In Q1 2025, both North America and international markets saw sequential revenue declines of 3% and 10-11% respectively, attributed to seasonality. The energy sector, in general, is impacted by seasonal demand, with expectations of increased travel during warmer months leading to higher gasoline output and potentially boosting the performance of energy equities.

Schlumberger Ltd. is a global multinational oilfield services company that provides technology for reservoir characterization, production, drilling, and processing to the oil and gas industry. The company supplies a comprehensive range of products and services throughout the entire lifecycle of hydrocarbon recovery, from exploration through production and integrated pipeline solutions. Its major products and services are categorized into four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. SLB is also involved in groundwater extraction and carbon capture and storage industries.

Schlumberger Ltd. has a significant global presence, operating in over 120 countries and maintaining more than 900 facilities worldwide. The company's business is reported through four main geographic areas: North America, Latin America, Europe & Africa (including CIS), and the Middle East & Asia. The Middle East & Asia is the largest market, followed by Europe/CIS/Africa, North America, and Latin America.

Schlumberger rebranded to SLB in October 2022, emphasizing its vision for a decarbonized energy future. The rebranding included a refreshed visual identity and a new logo incorporating a decarbonization curve. SLB committed to a net-zero target that includes total Scope 3 emissions from the use of its technologies and introduced a portfolio of Transition Technologies™ aimed at quantifiable, science-based emissions reduction benefits. SLB's New Energy unit focuses on billion-dollar opportunities in areas like carbon solutions, hydrogen, geothermal and geoenergy, energy storage, and critical minerals, with a goal of reaching net-zero emissions by 2050. These initiatives contribute positively to its brand reputation as a leader in energy transition and sustainability within the industry.

Schlumberger Limited is primarily owned by institutional shareholders, who hold 85.55% of the company's shares. Insiders own 3.08%, and retail investors hold 11.37%. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and State Street Corp. Didier Primat is noted as the largest individual shareholder, owning 32.18 million shares, representing 2.37% of the company.