SLB Limited (SLB)

Over the past six months, SLB's stock price has increased significantly. Recent events impacting the stock include acquisitions and partnerships, such as the acquisition of ChampionX and an agreement to acquire RESMAN Energy Technology. Earnings reports and guidance have also played a role, with SLB reporting strong fourth-quarter momentum in 2025. Digital and AI advancements, including new Agentic AI technology and expanded collaboration with Nvidia, have also influenced the stock. Geopolitical factors, particularly around Iran and energy prices, have contributed to market volatility.

Demand for SLB's products and services exhibits some seasonality, particularly impacting activity in the first quarter. This is generally followed by an activity rebound in the second quarter and further acceleration of growth in the second half of the year, especially in international markets. Demand is tied to investment cycles of exploration and production companies, with increased investment in global offshore projects. International markets are significant drivers of momentum, with rising demand for intervention services, artificial lift, production chemicals, and subsea production systems.

SLB Ltd., formerly Schlumberger, is a global technology company in the energy industry, founded in France in 1926. It operates in oil and gas exploration, production, and processing, structured across four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. SLB is also involved in decarbonization efforts, aiming to reduce greenhouse gas emissions by 30% by 2025 and achieve net-zero emissions by 2050.

SLB operates in over 100 countries with more than 900 facilities worldwide. It has a strong presence in Central and South America, Africa, the Middle East, and North America, where its global headquarters and key technology centers are located. The company also has a strong commitment to the Oceania region.

SLB's brand reputation has been shaped by its transformation into a technology company focused on energy innovation and decarbonization. Key initiatives include a commitment to sustainability, methane emissions reduction efforts, digital innovation, and strategic acquisitions. The company's emphasis on decarbonization and new energy systems aligns with growing demand for sustainable energy solutions.

SLB's ownership is primarily institutional, with 1,525 institutional investors holding 85.1% of shares as of December 2025. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and State Street Corp. Individual investors hold approximately 11.98% to 23.20% of the company's stock, with Didier Primat being the largest individual shareholder. Insiders hold approximately 0.17% to 2.80% of the stock.