Company Overview

Schlumberger Limited (NYSE: SLB), also known as SLB, is the world's premier oilfield-services company, holding the first or second competitive position in many of the differentiated oligopolies in which it operates. Founded in 1926 by two brothers bearing the same last name, the company is headquartered in Houston, TX. SLB is a global technology company driving energy innovation for a balanced planet. With a global presence in more than 100 countries and employees representing almost twice as many nationalities, the company works each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition.

Business Divisions

The company operates through four main business divisions:

- Digital & Integration: Involves the combination of digital solutions and data products with its Asset Performance Solutions.

- Reservoir Performance: Consists of technologies and services for productivity and performance optimization.

- Well Construction: Includes the full portfolio of products and services for well placement and performance, drilling, and wellbore assurance.

- Production Systems: Focuses on the development of technologies and provides services to production and recovery from subsurface reservoirs to the surface, into pipelines, and to refineries.

Financial Performance and Market Position

As of September 24, 2025, Schlumberger has a market capitalization of $51.52 billion. The company's recent financial metrics demonstrate solid performance. Today, SLB is most known as a global industry leader in innovation, while it focuses its strategy on its three growth engines: its core, digital, and new energy businesses. Over three-fourths of its revenue base is tied to international markets, while the company boasts roughly $3 billion in digital-related revenue.

Recent Financial Results

- 2024 Full Year Results: Revenue was $36.29 billion, an increase of 9.52% compared to the previous year's $33.14 billion. Earnings were $4.46 billion, an increase of 6.14%.

- Q2 2025 Results: Revenue of $8.55 billion increased 1% sequentially and decreased 6% year on year. GAAP EPS of $0.74 increased 28% sequentially and decreased 4% year on year.

- Q1 2025 Results: Revenue of $8.49 billion decreased 3% year on year. GAAP EPS of $0.58 decreased 22% year on year, while EPS, excluding charges and credits, was $0.72.

Key Financial Metrics

- Market Capitalization: $51.52 billion (as of September 24, 2025)

- 2024 Full Year Revenue: $36.29 billion

- 2024 Full Year Earnings: $4.46 billion

- EBITDA: $7.70 billion USD

- EBITDA Margin: 23.14%

- Dividend Per Share: $0.28 USD

- Dividend Yield (TTM): 3.25%

- Employee Count: 110,000 (as of September 24, 2025)

Recent Strategic Developments

- ChampionX Acquisition: On July 16, 2025, SLB completed its acquisition of ChampionX. This acquisition is expected to enhance Schlumberger Limited's portfolio, particularly in production chemicals and artificial lift, with expected annual pretax synergies of $400 million within three years.

- Major Contract Wins: The company continues to secure significant contracts globally, including major drilling contracts in Mexico, subsea production systems work in Norway, and integrated drilling contracts across multiple regions.

Future Outlook and Growth Drivers

SLB should benefit from a sanctioned project pipeline of $100 billion per year during 2025-26 and should win a growing set of global offshore projects.

- 2025 Second Half Revenue Guidance: In the second half of 2025, Schlumberger Limited expects revenue to range between $18.2 billion and $18.8 billion, driven by the integration of ChampionX, which will contribute five months of revenue. This increase is anticipated to offset the decline in U.S. activity and certain offshore markets, with revenue being backloaded in the fourth quarter due to a full quarter contribution from ChampionX and a seasonal uplift in year-end digital and product sales.

- Earnings Projections: Schlumberger Limited's current Earnings Per Share (EPS) is $2.98. Analysts forecast that SLB's EPS will be $3.06 for 2025, with the lowest forecast at $2.94 and the highest at $3.16.

Innovation and Digital Transformation

The company continues to invest heavily in digital technologies and new energy solutions. Digital revenue remained steady with double-digit growth across platforms, applications, and digital operations. More than 7,800 users are on the Delphi platform, representing double-digit growth year on year. SLB is also actively pursuing carbon capture and storage (CCS) initiatives, with continued growth in CCS and successful execution of several large-scale projects, including the Longship CCS project in Norway.

The company's commitment to innovation and global reach positions it well to capitalize on evolving energy market demands while maintaining its leadership position in the oilfield services sector. With strong cash generation capabilities and a diversified portfolio spanning traditional energy services and emerging technologies, SLB continues to adapt to the changing energy landscape while delivering value to stakeholders worldwide.