SLB (NYSE:SLB) Posts Earnings Results, Beats Estimates By $0.04 EPS

SLB (NYSE:SLB) posted its quarterly earnings results on Friday. The oil and gas company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04, FiscalAI reports. SLB had a return on equity of 15.54% and a net margin of 9.26%.The company had revenue of $8.97 billion for the quarter, compared to the consensus estimate of $8.67 billion. During the same quarter in the prior year, the business posted $0.74 EPS. The firm’s quarterly revenue was up 5.0% on a year-over-year basis.

Here are the key takeaways from SLB’s conference call:

• SLB reported a solid second quarter with revenue up 3% sequentially to $9 billion, helped by broad international growth and a rebound in North America that more than offset weakness in the Middle East.
• Production Systems and Digital were standout areas, with Production Systems margins moving back above 20% and Digital margins reaching about 35% on stronger exploration data licenses and recurring revenue growth.
• The company said the Middle East disruption remained manageable in the quarter, but full normalization will take time and recovery will vary by country; SLB’s Q3 outlook assumes only a gradual improvement there.
• Management sees a broader upcycle in international and deepwater activity, citing expectations for roughly 30% year-over-year growth in long-cycle FIDs in 2026 and stronger spending momentum into 2027.
• Data center solutions continued to scale rapidly, with revenue up 33% sequentially and 80% year over year, and SLB now expects the business to exit 2027 at an annualized revenue run rate above $2 billion.

SLB Stock Up 11.0%

Shares of NYSE:SLB traded up $5.21 during mid-day trading on Friday, reaching $52.43. 28,892,755 shares of the stock were exchanged, compared to its average volume of 11,283,987. The stock’s 50 day simple moving average is $51.16 and its 200-day simple moving average is $50.55. SLB has a one year low of $31.64 and a one year high of $58.82. The company has a market cap of $78.39 billion, a P/E ratio of 22.90, a P/E/G ratio of 1.91 and a beta of 0.72. The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 0.35.

SLB Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 2nd will be issued a dividend of $0.295 per share. The ex-dividend date is Wednesday, September 2nd. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.3%. SLB’s dividend payout ratio (DPR) is presently 51.53%.

Analyst Ratings Changes

SLB has been the subject of a number of recent analyst reports. Wolfe Research began coverage on SLB in a research note on Wednesday, July 8th. They issued an “outperform” rating and a $62.00 price target for the company. UBS Group lowered their price objective on shares of SLB from $69.00 to $66.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Evercore reaffirmed an “outperform” rating and set a $64.00 price objective on shares of SLB in a research note on Monday, April 27th. Susquehanna decreased their target price on SLB from $65.00 to $55.00 and set a “positive” rating for the company in a research note on Wednesday, July 8th. Finally, JPMorgan Chase & Co. lifted their price objective on SLB from $54.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $60.30.

Insider Buying and Selling

In related news, Director La Chevardiere Patrick De sold 2,000 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $54.33, for a total value of $108,660.00. Following the completion of the transaction, the director owned 16,953 shares of the company’s stock, valued at approximately $921,056.49. This trade represents a 10.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steve Matthew Gassen sold 53,379 shares of SLB stock in a transaction on Friday, May 1st. The shares were sold at an average price of $56.18, for a total transaction of $2,998,832.22. Following the completion of the sale, the executive vice president owned 47,421 shares in the company, valued at $2,664,111.78. The trade was a 52.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.16% of the company’s stock.

Institutional Trading of SLB

A number of hedge funds and other institutional investors have recently modified their holdings of SLB. State Street Corp raised its position in shares of SLB by 1.0% in the fourth quarter. State Street Corp now owns 84,417,217 shares of the oil and gas company’s stock valued at $3,263,998,000 after purchasing an additional 799,218 shares during the period. Charles Schwab Investment Management Inc. increased its position in SLB by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 54,006,438 shares of the oil and gas company’s stock worth $2,072,844,000 after buying an additional 1,458,650 shares during the period. Morgan Stanley lifted its holdings in shares of SLB by 1.3% during the fourth quarter. Morgan Stanley now owns 37,095,243 shares of the oil and gas company’s stock worth $1,423,716,000 after buying an additional 482,533 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of SLB by 50.6% during the fourth quarter. Wellington Management Group LLP now owns 16,635,566 shares of the oil and gas company’s stock worth $638,473,000 after buying an additional 5,589,585 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of SLB by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 15,732,530 shares of the oil and gas company’s stock valued at $603,831,000 after acquiring an additional 366,183 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

SLB News Summary

Here are the key news stories impacting SLB this week:

• Positive Sentiment: SLB reported Q2 adjusted EPS of $0.55, ahead of estimates of $0.51, on revenue of $8.97 billion versus expectations of $8.67 billion. SLB (NYSE:SLB) Beats Expectations in Strong Q2 CY2026
• Positive Sentiment: Management pointed to higher offshore activity and growth in Digital and Production Systems, which helped drive the quarter and support the outlook. SLB Posts Higher Revenue on Increased Offshore Activity, Data-Center Demand
• Positive Sentiment: SLB’s expanding data-center power and infrastructure push is being viewed as an additional growth vector, adding to investor optimism. What SLB (SLB)’s AI Data Center Power Push and Baleine Win Means For Shareholders
• Neutral Sentiment: Revenue still declined year over year, so the quarter was solid but not a return to broad-based growth. Top US oilfield services firm SLB beats quarterly profit estimates
• Neutral Sentiment: Middle East disruptions remain a headwind, but resilient demand in other regions is currently outweighing that pressure. SLB Stock Rises on Earnings Beat as Strong Activity Offsets Middle East Disruption

SLB Company Profile

SLB (NYSE: SLB), historically known as Schlumberger, is a leading global provider of technology, integrated project management and information solutions for the energy industry. Founded by Conrad and Marcel Schlumberger in 1926, the company develops and supplies products and services used across the exploration, drilling, completion and production phases of oil and gas development. Its offerings are intended to help operators characterize reservoirs, drill and complete wells, optimize production and manage field operations throughout the asset lifecycle.

SLB’s product and service portfolio spans reservoir characterization and well testing, wireline and logging services, directional drilling and drilling tools, well construction and completion technologies, production systems, and subsea equipment.