Schlumberger (SLB)
NYSEEnergyOil & Gas Equipment & ServicesSnapshot 2026-11-05
$49.64-3.72%
Close 2026-11-05 · 1-day change
NYSEEnergyOil & Gas Equipment & ServicesSnapshot 2026-11-05
QuarterlyIQ Insights · SLB
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -4.4% |
| Our one-year growth estimate | diamond | 7.9% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-11-05.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 12.3 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-05 · Compared with 24 industry peers · Company calendar date is not available
SLB — director transition
Dated 2026-10-06
Director — Jing Ulrich: The filing discloses the routine election of a new director to the Board of Directors, which is a standard governance event and not an executive departure.
Why it matters: Middle East revenue rose 13% from Q2, despite late-quarter disruptions. A lasting rise would support the 2027 growth outlook.
Supportive ifQ4 Middle East revenue is higher than in Q3. Management reports more customer activity and fewer disruptions.
Worry ifQ4 Middle East revenue falls below Q3. Management reports new disruptions and a slower recovery.
Why it matters: Management pledged more than $4 billion in 2026 returns. It reported $1.76 billion in share repurchases through September, but that alone does not prove the pledge was met.
Supportive ifSLB reports more than $4 billion in total 2026 returns to shareholders. This includes dividends and share repurchases.
Worry ifSLB reports less than $4 billion in total 2026 returns to shareholders.
Why it matters: Management said this business was on track to pass a $1 billion annual run rate by year-end. Q3 revenue rose 23% from Q2.
Supportive ifSLB reports that Data Center Solutions passed a $1 billion annual revenue run rate by the end of 2026.
Worry ifSLB reports a year-end run rate below $1 billion, or Q4 revenue falls below Q3.
Why it matters: Kelvion would add heat and cooling systems to SLB's data center business. The deal also brings $3.4 billion in cash cost and $0.7 billion in debt.
Watch forSLB says the Kelvion deal closed by June 30, 2027. It shares a plan to add the technology to customer offers.
Also watch forSLB announces that the deal is blocked, ended, or delayed beyond the first half of 2027.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$110 on $10,000 · ±1.1% | How much price usually moves either way. |
| Bad day | $370 loss on $10,000 · 3.7% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $2,227 loss on $10,000 · 22.3% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Q3 Production Systems revenue rose 5% year over year without ChampionX. Growth has helped support SLB as other core divisions remain below last year's levels.
Supportive ifQ4 Production Systems revenue, excluding ChampionX, grows year over year.
Worry ifQ4 Production Systems revenue, excluding ChampionX, falls year over year.