Schlumberger Limited (SLB)

Over the past six months, SLB's stock price has fluctuated, with a decline of 32.92% from July 19, 2024, to $33.32 as of July 18, 2025. Key events include the acquisition of ChampionX Corporation, expected to close in Q1 2025, and the creation of OneSubsea through a joint venture. Q1 2025 results showed a revenue decline due to lower activity, particularly in the Middle East & Asia. Despite this, SLB is committed to returning a minimum of $4 billion to shareholders in 2025. Wells Fargo downgraded SLB's stock, and analysts have varying price targets. Schlumberger declared a $0.285 dividend, increasing it four times since Q2 2022.

Demand for SLB's products and services depends on customer expenditures, influenced by oil and gas prices. The first quarter typically sees seasonally lower activity, while a rebound is expected in the second quarter. Long-term trends indicate global oilfield activities are expected to grow through 2030, driven by increasing production and exploration. Offshore activity is rebounding, and there is rising investment in digital transformation for the energy industry.

Schlumberger Ltd., now known as SLB, is a global oilfield services company providing technology for reservoir characterization, production, drilling, and processing to the oil and gas industry. Headquartered in Houston, Texas, and incorporated in Willemstad, Curaçao, SLB operates in the Energy and Utilities sector, focusing on Oil & Gas Field Services and related manufacturing industries. It is considered the world's largest offshore drilling company by revenue, offering services through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. SLB is also investing in new energy solutions like carbon capture and storage, hydrogen, geothermal, energy storage, and critical minerals extraction.

SLB operates in over 120 countries with more than 900 facilities worldwide. Its operational presence is divided into four main regions: North America, Latin America, Europe & Africa, and the Middle East & Asia. The Middle East & Asia is the largest market by revenue, followed by Europe/CIS/Africa, North America, and Latin America.

In 2022, Schlumberger rebranded as SLB, emphasizing its vision for a decarbonized energy future. The company has been highly ranked in ESG ratings and has partnered with entities like Saudi Aramco for sustainability solutions. SLB launched SLB End-to-end Emissions Solutions (SEES) and joined the "Aiming for Zero Methane Emissions Initiative". Strategic investments in new energy solutions are crucial for its future growth. Geopolitical risks, such as the suspension of new investments in Russia, have impacted its operations. Some view the rebranding as superficial, questioning the company's focus on oilfield services.

SLB has a mixed ownership structure, with institutional investors holding approximately 85.55% of the stock. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and State Street Corp. Didier Primat is the largest individual shareholder, owning 2.37% of the company. Individual investors own about 11.37% of the stock, while insiders own approximately 3.08%.