SLB (NYSE:SLB) Issues Quarterly Earnings Results

SLB (NYSE:SLB) posted its quarterly earnings results on Friday. The oil and gas company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $8.67 billion. During the same quarter in the prior year, the company earned $0.74 earnings per share. The firm’s 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%

NYSE:SLB traded up $5.21 during trading hours on Friday, hitting $52.43. 28,892,755 shares of the company’s stock traded hands, compared to its average volume of 11,283,987. The firm 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. SLB has a twelve month low of $31.64 and a twelve month high of $58.82. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.98 and a current ratio of 1.34. The stock’s fifty day moving average price is $51.16 and its two-hundred day moving average price is $50.55.

SLB Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders 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 payout ratio is currently 51.53%.

Key Headlines Impacting SLB

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

Insider Transactions at SLB

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wilkerson Advisory Group LLC purchased a new stake in SLB in the 4th quarter worth approximately $36,000. Swiss RE Ltd. purchased a new position in shares of SLB during the 4th quarter valued at $45,000. Palisade Asset Management LLC acquired a new position in shares of SLB in the third quarter worth $46,000. Wealth Watch Advisors INC acquired a new position in shares of SLB in the third quarter worth $48,000. Finally, Kelleher Financial Advisors purchased a new stake in shares of SLB during the third quarter worth $68,000. 81.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Citigroup reduced their price objective on SLB from $68.00 to $63.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. JPMorgan Chase & Co. upped their target price on SLB from $54.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, April 27th. BMO Capital Markets increased their price target on SLB from $55.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, April 27th. TD Cowen dropped their price target on SLB from $66.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Finally, Stifel Nicolaus boosted their price objective on SLB from $61.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.30.

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.