Schlumberger (SLB)
NYSEEnergyOil & Gas Equipment & ServicesSnapshot 2026-09-04
$57.51+0.17%
Close 2026-09-04 · 1-day change
NYSEEnergyOil & Gas Equipment & ServicesSnapshot 2026-09-04
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 dropped from the top half to the bottom half of its industry over the past month — the reason to own it has weakened.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 8.2% |
| Our one-year growth estimate | diamond | 7.1% |
Growth built into the price is above our model estimate.
The price assumes 1.1 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
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.
Model as of 2026-09-04 · Compared with 32 industry peers
SLB — debt issuance
Dated 2026-05-12
Other Events. On May 7, 2026, Schlumberger Investment S.A. (the “Issuer”) issued $500,000,000 aggregate principal amount of its 4.550% Senior Notes due 2031 (the “2031 Notes”), $500,000,000 aggregate principal amount of its 4.800% Senior Notes due 2033 (the “2033 Notes”), and $1,000,000,000 aggregate principal amount of its 5.150% Senior Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes and the 2033 Notes, the “Notes”) under a registration statement on Form S-3 under the Secu…
Why it matters: Delivering on this target will reflect SLB's strong cash flow and commitment to investors.
Supportive ifSLB plans to return $4 billion to shareholders through dividends and buybacks in 2026.
Worry ifSLB reduces or cancels planned shareholder returns due to cash flow issues.
Why it matters: Strong growth in Digital Solutions shows that tech offerings are in demand. This can help overall revenue.
Supportive ifDigital Solutions revenue growth exceeds 10% year over year in Q3.
Worry ifDigital Solutions revenue growth is below 5% year over year in Q3.
Why it matters: This shows a strong recovery trend, especially outside the Middle East.
Supportive ifQ3 revenue growth is over 5% compared to last year. This shows recovery momentum.
Worry ifQ3 revenue growth is below 0%. This shows ongoing weakness.
Why it matters: Growth outside the Middle East shows demand recovery and market stability. It impacts future revenue trends.
Supportive ifQ3 revenue growth outside the Middle East exceeds 5% year over year.
Worry ifQ3 revenue growth outside the Middle East is below 0% year over year.
Why it matters: Getting these synergies will support the reasons for the acquisition.
Supportive ifSLB reports at least $400 million in yearly pre-tax synergies from the deal.
Worry ifSLB does not get any synergies or shows a big shortfall.
Why it matters: Closing the deal will show SLB's growth plan and expected benefits.
Supportive ifThe deal will close once all approvals and shareholder agreement happen before 2025.
Worry ifThe deal does not close by the end of 2024 due to issues.
Why it matters: Meeting this goal shows commitment to returning value to investors. It can boost investor confidence.
Supportive ifAnnouncement of a dividend increase or share buyback that totals at least $1 billion.
Worry ifNo big news about shareholder returns is expected by the end of 2026.
Why it matters: Buybacks show that management trusts the company's finances. They want to return cash.
Supportive ifA new share buyback program has been announced for over $1 billion.
Worry ifNo new buyback announcements or a reduction in planned buybacks.
Why it matters: This event will give insights into SLB's digital plan and growth chances.
Watch forInvestors and analysts like SLB's digital plan shared at the event.
Also watch forNegative reactions or unclear details on SLB's digital plan during the event.
Why it matters: Growth in production systems shows strong demand for recovery solutions. This is key for SLB's performance.
Supportive ifProduction systems revenue grows above 5% year over year in Q3.
Worry ifProduction systems revenue growth is below 0% year over year in Q3.
Why it matters: Strong cash flow helps SLB return money to its shareholders.
Supportive ifCash flow from operations exceeds $1.5 billion in Q3.
Worry ifCash flow from operations is below $1 billion in Q3.
Why it matters: Strong growth in these areas shows good expansion and new ideas. It helps the company grow.
Supportive ifDigital and Data Center Solutions revenue grows over 15% year on year in Q3.
Worry ifDigital and Data Center Solutions revenue growth is below 5% year on year in Q3.
Why it matters: Good integration can help SLB's market position. It can also increase revenue. This shows management is doing a good job.
Supportive ifChampionX contributes over $1 billion in revenue by Q3.
Worry ifChampionX contribution is below $800 million in revenue by Q3.
Why it matters: Share buybacks can increase value for shareholders. They also show management believes in the business.
Supportive ifSLB repurchases over $500 million in shares in Q3.
Worry ifNo big share buybacks happened in Q3.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
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 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
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 | ±$125 on $10,000 · ±1.2% | How much price usually moves either way. |
| Bad day | $349 loss on $10,000 · 3.5% | 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.
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.