NYSEEnergyOil & Gas Equipment & ServicesSnapshot 2026-08-31
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Create your account →Broken: Recent financial performance freshly dropped to the bottom half of its industry.
Schlumberger beats earnings estimates with 3-5% revenue growth. It announced a $4 billion buyback and maintains solid free cash flow yield near 7%. The stock trades at a low PE of 17 versus peers at 33. Analysts expect 6% revenue growth next year.
The recent 20% selloff signals market doubts on growth durability. EPS guidance for 2026 Q1 is weak at $0.07 versus $0.52 reported. Oilfield services face sector headwinds and volatile demand. Revenue growth could fall below 3%.
The price is about 25% below our fair value near $62, reflecting justified caution. The market expects about 6% revenue growth, close to consensus. Our fair value aligns with the Street median near $64.
Breaks if: Buyback is canceled or materially reduced
Breaks if: EPS falls below $2.0 in FY26
Breaks if: YoY revenue growth falls below 3% next year
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a durable compounder with a focus on shareholder returns and growth in digital solutions. The current thesis state is weakened, reflecting a shift from robust to fragile execution quality.
The market appears to have priced in a neutral valuation, with SLB being seen as cheap compared to its peers. However, there is a low expectations gap, indicating that the market does not anticipate significant changes in performance.
Management is on track with priorities like expanding digital solutions and integrating the ChampionX acquisition, which are showing positive growth. However, the fragile earnings quality and mixed recent performance suggest that fundamentals may face challenges in the near term.
The thesis hinges on inflation trends, as a reacceleration could benefit SLB and the energy sector. Additionally, the performance of sector leaders like BKR, HAL, and FTI will be crucial for SLB's momentum, while any guidance cuts could negatively impact sentiment.
The most important moves since the prior daily snapshot.
Yes, our read has weakened. Recent financial performance dropped from the top half to the bottom half of its industry. This change indicates a weaker reason to own the stock. The latest earnings beat does not offset the decline in standing.
as of 2026-08-31
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: PE rises above 25 without earnings growth
Over the next 1 to 3 years, SLB's performance will depend on external economic factors and management's ability to execute on growth initiatives. Not investment advice.
