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

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

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 Price Performance

SLB stock opened at $52.43 on Friday. The stock has a market cap of $78.39 billion, a price-to-earnings ratio of 25.33, a P/E/G ratio of 2.12 and a beta of 0.72. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.34 and a quick ratio of 0.98. The company has a 50 day simple moving average of $51.16 and a 200 day simple moving average of $50.55. SLB has a 1 year low of $31.64 and a 1 year high of $58.82.

SLB Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on SLB. Jefferies Financial Group restated a “buy” rating and issued a $65.00 price target on shares of SLB in a research report on Sunday, April 26th. Citigroup reduced their price objective on shares of SLB from $68.00 to $63.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Sanford C. Bernstein boosted their target price on shares of SLB from $56.10 to $71.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Barclays cut their price target on shares of SLB from $66.00 to $64.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. Finally, Wolfe Research began coverage on shares of SLB in a research report on Wednesday, July 8th. They set an “outperform” rating and a $62.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, SLB currently has an average rating of “Moderate Buy” and a consensus target price of $60.30.

Insiders Place Their Bets

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

Hedge Funds Weigh In On SLB

A number of hedge funds have recently modified their holdings of SLB. Hancock Whitney Corp lifted its holdings in SLB by 1.6% during the 3rd quarter. Hancock Whitney Corp now owns 23,186 shares of the oil and gas company’s stock worth $797,000 after buying an additional 356 shares during the period. Wealth Watch Advisors INC lifted its stake in shares of SLB by 27.1% in the fourth quarter. Wealth Watch Advisors INC now owns 1,787 shares of the oil and gas company’s stock worth $69,000 after acquiring an additional 381 shares during the period. Scotia Capital Inc. boosted its holdings in SLB by 0.5% in the third quarter. Scotia Capital Inc. now owns 95,933 shares of the oil and gas company’s stock valued at $3,297,000 after acquiring an additional 495 shares during the last quarter. GeoWealth Management LLC increased its position in SLB by 8.5% during the 4th quarter. GeoWealth Management LLC now owns 6,564 shares of the oil and gas company’s stock valued at $252,000 after purchasing an additional 512 shares during the period. Finally, Fiduciary Trust Co increased its position in SLB by 1.3% during the 3rd quarter. Fiduciary Trust Co now owns 41,706 shares of the oil and gas company’s stock valued at $1,433,000 after purchasing an additional 519 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

SLB News Roundup

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

About SLB

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.