SLB - SLB

NYSE · Energy · Oil & Gas Equipment & Services

$52.66

Market Closed

End of day · Apr 17, 2026, 12:00 AM

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About

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products. It also offers subsurface geology and fluids evaluation information; open and cased hole services; exploration and production pressure, and flow-rate measurement services; and pressure pumping, well stimulation, and coiled tubing equipment solutions. In addition, the company offers mud logging, directional drilling, measurement-while-drilling, and logging-while-drilling services, as well as engineering support services; supplies drilling fluid systems; designs, manufactures, and markets roller cone and fixed cutter drill bits; bottom-hole-assembly and borehole enlargement technologies; well cementing products and services; well planning, well drilling, engineering, supervision, logistics, procurement, and contracting of third parties, as well as drilling rig management solutions; and drilling equipment and services, as well as land drilling rigs and related services. Further, it provides artificial lift production equipment and optimization services; supplies packers, safety valves, sand control technology, and various intelligent well completions technology and equipment; designs and manufactures valves, chokes, actuators, and surface trees; and OneSubsea an integrated solutions, products, systems, and services, including wellheads, subsea trees, manifolds and flowline connectors, control systems, connectors, and services. The company was formerly known as Socie´te´ de Prospection E´lectrique. Schlumberger Limited was founded in 1926 and is based in Houston, Texas.

https://www.slb.com

SLB - SLB

Energy

SLB just went on an absolute rampage from the low 30s to over 50 in like two months, then pulled all the way back to the mid-40s where it's been trying to find its feet. This is classic post-earnings whiplash market got too hot, now everyone's second-guessing if the growth is real. But I'm looking at that surge as proof there's still serious juice in this name. I think 53.18 is on the table in the next month or two once the dust settles. Oilfield services are heating up again thanks to all the chatter about global supply tightness and rig counts ticking higher. SLB's international exposure is a big deal here, since US shale is getting tapped out and the real action is in the Middle East and offshore. Last quarter management called out multi-year contracts and pricing power, which is rare in this space. That kind of visibility is what funds pile into when the macro turns favorable. My only real worry is that if oil prices suddenly roll over or OPEC does something weird, all these service names catch a stray. The sector loves a good panic. But as long as crude stays firm, SLB's got the backlog and leverage to make every $1 move in oil count extra on the bottom line. The recent dip looks more like weak hands getting shaken out than a real trend shift. Next catalyst is the quarterly report if they guide up or even just hold serve on bookings, I expect the algos to send this right back to the highs. Everyone's watching for margin expansion and international order wins. I'm betting that risk/reward down here is too good to pass up.

Entry

$45.32

Above

$53.18

May 3, 2026

Karma

128 to 17864

Bullish

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SLB - SLB

Energy

I've been tracking SLB for months now and the recent price action has finally got my attention. If you look back, the stock languished in the low to mid-30s for most of last year, but since January, it’s staged a steady climb, pushing above 50 before this small pullback to 45.32. That kind of move, with real volume behind it, isn’t just random noise it’s often a sign that the market is starting to recognize something the value crowd’s been harping on for a while. My bullish stance here boils down to a few key drivers. First, global upstream capex is coming back in a meaningful way. With oil prices holding up and majors needing to replenish reserves, SLB stands out as the best levered play on an international cycle. Their geographic mix is tilted toward regions actually spending again, and management’s focused on higher-margin digital and integrated services, not just old-school rigs. That's what can drive real earnings power, not just a cyclical pop. Of course, there are risks, and I'm not ignoring them. A sudden correction in crude prices would put a quick lid on upstream spend and SLB would feel that pain faster than most. But balance sheet discipline has improved, and they’re not running the company like it’s 2014 anymore. If oil just stays above 70, I think the downside is contained. Next earnings, SLB could surprise. If they guide higher on international bookings or show margin expansion from the higher-value segments, I see the stock moving to 53.83 in the next 10 weeks. At today’s price, that risk/reward looks pretty compelling for a name the market still isn’t fully pricing for a real upcycle.

Entry

$45.32

Above

$53.83

May 28, 2026

Karma

122 to 17261

Bullish

Open

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