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Stock research / United States / SLB · Oil & Gas Field Services, Nec · NYSE

SLB Limited (SLB)

SLB is a global technology company serving the energy industry, present in more than 100 countries. It is organised under four divisions, Digital, Reservoir Performance, Well Construction and Production Systems, supported by a global network of research and development centres. It also runs a geographical structure of five basins aligned with concentrations of activity, North America Land, Americas, Europe and Africa, the Middle East and North Africa, and Asia, each split further into GeoUnits covering a region, a single country or several countries. In 2025 it acquired ChampionX, in chemistry solutions, artificial lift systems and engineered equipment, in an all-stock transaction of 141 million shares.

SLB Limited

SLB is a global technology company serving the energy industry, present in more than 100 countries. It is organised under four divisions, Digital, Reservoir Performance, Well Construction and Production Systems, supported by a global network of research and development centres. It also runs a geographical structure of five basins aligned with concentrations of activity, North America Land, Americas, Europe and Africa, the Middle East and North Africa, and Asia, each split further into GeoUnits covering a region, a single country or several countries. In 2025 it acquired ChampionX, in chemistry solutions, artificial lift systems and engineered equipment, in an all-stock transaction of 141 million shares.

Digital

Digital sells software and data across the energy value chain, from subsurface characterisation through field development and production to carbon management, and earns from four solutions. Platforms and Applications covers the Delfi and Lumi cloud platforms and domain applications such as Petrel and Techlog, sold as subscriptions or perpetual licences, which model reservoir development plans and help plan drilling, completion and production. Digital Operations pairs oilfield services with connected technology and Performance Live service delivery centres for real-time monitoring, remote decisions and automated execution, and its revenue is booked in both Digital and the relevant core division, then eliminated on consolidation. Digital Exploration is the exploration data business, a library of seismic surveys and other subsurface data that is reprocessed with newer imaging algorithms and also supports carbon storage design and monitoring. Professional Services covers consulting, migration from on-premises to cloud, data clean-up, workflow automation and training.

Reservoir Performance

Evaluation supplies the measurement, interpretation and insight needed to understand subsurface geology and fluids, through wireline logging, downhole testing and rock and fluid analysis. Stimulation restores or improves well productivity through hydraulic fracturing, matrix stimulation and water treatment. Intervention raises success rates and recovery from brownfields through cased hole wireline and perforating, coiled-tubing intervention, slickline and reservoir monitoring.

Well Construction

Measurements covers mud logging for geological and drilling surveillance, directional drilling, measurement-while-drilling and logging-while-drilling. Drilling Fluids supplies engineered fluid systems that hold well control and wellbore stability, plus products that secure casings and isolate fluid zones. Equipment supplies pressure control and rotary drilling equipment, land drilling rigs and related services to drilling contractors, operators, rental tool companies and shipyards. Drilling designs and makes roller cone and fixed cutter bits, bottomhole assemblies and borehole enlargement tools. Integrated Well Construction takes on well planning, drilling including autonomous drilling, engineering, supervision, logistics, procurement, third-party contracting and rig management.

Production Systems

Subsea Production Systems runs through the SLB OneSubsea joint venture, 70% owned by SLB with Aker Solutions at 20% and Subsea7 at 10%, supplying wellheads, subsea trees, manifolds, flowline connectors and control systems. Artificial Lift covers electrical submersible, gas lift, progressing cavity, rod, plunger and jet lift systems and surface horizontal pumps. Completions supplies packers, safety valves, sand control and intelligent systems for real-time monitoring. Surface Production Systems makes wellhead systems, valves, chokes, actuators and surface trees and provides fracturing and flowback services. Process Technologies and Solutions delivers processing modules, produced water and seawater treatment, integrated production facilities and emissions management. Production Chemical Technologies supplies flow assurance and production chemicals, purification systems, chemical injection and digital surveillance, and a separate valves business serves upstream, midstream and downstream flow control.

Everything else, and the people

Asset Performance Solutions runs integrated field production projects, three of them in Ecuador at 31 December 2025. Data Center Solutions designs and manufactures modular data centre enclosures, cooling systems and other hardware for hyperscalers and enterprises. SLB Capturi, 80% owned by SLB with Aker Carbon Capture, sells carbon capture to hard-to-abate industries including cement, waste-to-energy, gas-to-power and biogenic emissions. Corporate strategy rests on three engines of growth, Core, Digital and New Horizons of Growth, with the core divisions built around a fit-for-basin approach of technology tailored to each region. The workforce numbers approximately 109,000 people.

From SLB's annual report on Form 10-K for the year ended 31 December 2025. The filing

Compare with another name What $10,000 in SLB became

Latest results

Latest quarterQ3 FY2026ended 30 September 2026 · 10-Q filed 28 October 2026
Revenue
$9.4 billion
+5.8% on the year · +5.3% on the quarter
Q4 FY2024Q3 FY2026
Net income
$735 million
-0.5% on the year · -6.5% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$0.49
-2.0% on the year · -5.8% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Last full yearFY2025ended 31 December 2025 · 10-K filed 23 January 2026
Revenue
$35.7 billion
-1.6% on the year
FY2018FY2025
Net income
$3.4 billion
-24.4% on the year
FY2018FY2025
Diluted EPS
$2.35
-24.4% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsSLB (SLB) reported revenue of $35.7 billion for fiscal 2025, the year ended 31 December 2025, down 1.6% on the year before. Net income was $3.4 billion and diluted earnings per share $2.35. Revenue was $36.3 billion in fiscal 2024, $33.1 billion in fiscal 2023, $28.1 billion in fiscal 2022 and $22.9 billion in fiscal 2021. Net income in the same years was $4.5 billion, $4.2 billion, $3.4 billion and $1.9 billion. Over the twelve months to 30 September 2026, SLB reported revenue of $36.9 billion and net income of $3.1 billion. Revenue grew 8.6% a year, compounded, over the five years to fiscal 2025. SLB declared $1.15 a share in dividends over the last four quarters and had 1.48 billion shares outstanding at the latest filed count. At 30 September 2026 it carried $12.8 billion of debt and $2.6 billion of cash. At the close of 6 November 2026 the market cap of SLB was $73.7 billion, 24.2 times its earnings over the last twelve months.

Ratios

From the filings

ROE11.9%
ROCEn/a
Operating marginn/a
Net margin8.4%
FCF margin12.4%
Interest covern/a
Debt to equity0.49x
Cash conversion2.05x
Share count, last 12 months-1.2%
Sales CAGR, 3 years8.3%
Profit CAGR, 3 years-0.7%
EPS, TTM$2.06

At the close of 6 November 2026

Price$49.91
Market cap$73.7 billion
Stock P/E24.2x
Price to book2.8x
EV / EBITDAn/a
Dividend yield2.3%
Market cap / sales2.0x
52-week high$60.10
52-week low$35.19
Price, 1 year37.3%
Price CAGR, 3 years-2.2%
Price CAGR, 5 years8.3%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of SLB Limited's balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
SLBgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue6,2255,9626,7737,4777,8797,7368,0998,3108,9908,7079,1399,1599,2848,4908,5468,9289,7448,7218,9729,449
Cost of revenue5,1375,0135,5686,0426,3076,2856,5026,5927,1937,0077,2627,2377,3236,8846,9347,3708,0137,3907,5777,883
Gross profit1,0889491,2051,4351,5721,4511,5971,7181,7971,7001,8771,9221,9611,6061,6121,5581,7311,3311,3951,566
Gross margin17%16%18%19%20%19%20%21%20%20%21%21%21%19%19%17%18%15%16%17%
R&D145141154160179174163186188182188187192172180170187164171156
Operating income9868941,1591,4001,5581,3911,5811,6831,8681,649n/an/an/an/an/an/an/an/an/an/a
Operating margin16%15%17%19%20%18%20%20%21%19%n/an/an/an/an/an/an/an/an/an/a
Interest expense137123124122121117127129130113132136131147142142127116128133
Pre-tax income7556381,1521,1341,3471,1611,2931,3951,4331,3571,4211,5071,3871,0631,2851,0009439561,0191,019
Tax rate19%18%16%19%20%19%19%19%20%19%19%19%19%22%18%23%15%20%20%23%
Net income6015109599071,0659341,0331,1231,1131,0681,1121,1861,0957971,014739824752786735
Net margin10%9%14%12%14%12%13%14%12%12%12%13%12%9%12%8%8%9%9%8%
Diluted EPS$0.42$0.36$0.67$0.63$0.74$0.65$0.72$0.78$0.77$0.74$0.77$0.83$0.77$0.58$0.74$0.50$0.55$0.50$0.52$0.49
Operating cash flow1,9321314081,5671,6143301,6081,6773,0223271,4362,4492,3906601,1421,6823,0054871,3591,510
Capital expenditure447304360382572410471464594399463460609398371409516343459485
Free cash flow1,485-17348.01,1851,042-80.01,1371,2132,428-72.09731,9891,7812627711,2732,4891449001,025
Dividends paid175175177248248249356356356357394393389386387403426426440439
Shares outstanding1,403m1,413m1,414m1,418m1,420m1,425m1,421m1,423m1,427m1,429m1,420m1,412m1,401m1,360m1,351m1,494m1,495m1,495m1,484m1,476m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2007 †FY2008 †FY2009 †FY2010 †FY2011 †FY2012 †FY2013 †FY2014FY2015FY2016 †FY2017FY2018FY2019 †FY2020 †FY2021FY2022 †FY2023FY2024FY2025TTM
Revenue23,27727,16322,70226,67236,57941,73145,26648,58035,47527,81030,44032,81532,91723,60122,92928,09133,13536,28935,70836,886
Cost of revenue15,48118,96817,24521,09728,80232,88535,33137,39828,32124,40926,54328,47828,72021,00019,27122,93026,57228,82929,20130,863
Gross profit7,7968,1955,4575,5757,7778,8469,93511,1827,1543,4013,8974,3374,1972,6013,6585,1616,5637,4606,5076,023
Gross margin33.5%30.2%24.0%20.9%21.3%21.2%21.9%23.0%20.2%12.2%12.8%13.2%12.8%11.0%16.0%18.4%19.8%20.6%18.2%16.3%
Research and development7288198029191,0611,1531,1741,2171,0941,012787702717580554634711749709678
Operating incomen/an/an/an/an/an/a9,34410,5766,5103,2733,9214,1873,9782,4013,3655,0116,523n/an/an/a
Operating marginn/an/an/an/an/an/a20.6%21.8%18.4%11.8%12.9%12.8%12.1%10.2%14.7%17.8%19.7%n/an/an/a
Interest expense275247221207298340391369346570566575609563539490503512558504
Pre-tax incomen/a6,8523,1565,1326,2396,9598,6917,6392,881-1,905-1,1832,624-10,418-11,2982,3744,2715,2825,6724,2913,937
Income tax1,4481,4307708791,4921,7001,8481,928746-278330447-311-8124467791,0071,093840781
Effective tax raten/a20.9%24.4%17.1%23.9%24.4%21.3%25.2%25.9%n/an/a17.0%n/an/a18.8%18.2%19.1%19.3%19.6%19.8%
Net income5,1775,4353,1344,2674,9975,4906,7325,4382,072-1,687-1,5052,138-10,137-10,5181,8813,4414,2034,4613,3743,097
Net margin22.2%20.0%13.8%16.0%13.7%13.2%14.9%11.2%5.8%-6.1%-4.9%6.5%-30.8%-44.6%8.2%12.2%12.7%12.3%9.4%8.4%
Diluted EPS$4.20$4.45$2.59$3.38$3.67$4.10$5.05$4.16$1.63-$1.24-$1.08$1.53-$7.32-$7.57$1.32$2.39$2.91$3.11$2.35$2.06
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2011 to FY2025

FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Production Systemsn/an/an/an/an/an/an/a8,1688,1676,6506,7107,8629,83111,93513,32536.4%
Well Constructionn/an/an/an/an/an/an/a11,31011,8808,6148,70611,39713,47813,35711,85632.4%
Reservoir Performancen/an/an/an/an/an/an/a10,0509,2995,6024,5995,5536,5617,1776,82018.6%
Digital Integrationn/an/an/an/an/an/an/a3,8204,1453,0673,2903,7252,0342,4392,6607.3%
All Othern/an/an/an/an/an/an/an/an/an/an/an/a1,8442,1171,9875.4%
Cameronn/an/an/an/an/a4,2115,524n/an/an/an/an/an/an/an/an/a
Drilling13,77515,69116,79218,12813,5638,5618,392n/an/an/an/an/an/an/an/an/a
Production13,03014,80215,64617,32912,5488,79210,630n/an/an/an/an/an/an/an/an/a
Reservoir Characterization9,74011,36013,05013,3399,5016,6606,476n/an/an/an/an/an/an/an/an/a
Sales between segments, taken outn/an/an/an/an/an/a-582n/an/an/an/an/an/an/an/an/a
Eliminations & Othern/an/an/an/an/an/an/a-533-574-332-376-446-613-736-940n/a
Production Systems FY2018 to FY2025Well Construction FY2018 to FY2025Reservoir Performance FY2018 to FY2025Digital Integration FY2018 to FY2025All Other FY2023 to FY2025Drilling FY2011 to FY2017Production FY2011 to FY2017Reservoir Characterization FY2011 to FY2017Cameron FY2016 to FY2017
36.5FY201145.5FY201335.6FY201531.0FY201733.5FY201923.3FY202133.7FY202336.6FY2025

$ billion; hover a block for its figure and share; the figure over a bar is its parts, before the lines named below; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in. Sales between segments, taken out and Eliminations & Other are the company's own eliminations and corporate items, which take the parts to revenue: shown as filed, with no share and no block in the chart.

Profit by segment FY2011 to FY2025

The profit before tax each segment reports. Costs SLB does not charge to a segment are left out, so the segments can add up to more than the company's own profit before tax.

FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Margin
FY2025
Production Systemsn/an/an/an/an/an/an/a8438476236347481,2451,9002,18416.4%
Well Constructionn/an/an/an/an/an/an/a1,4651,4298701,1952,2022,9322,8262,24819.0%
Reservoir Performancen/an/an/an/an/an/an/a1,1699923536488811,2631,4521,25018.3%
Digital Integrationn/an/an/an/an/an/an/a8828827271,1411,35736661274528.0%
All Othern/an/an/an/an/an/an/an/an/an/an/an/a89277549825.1%
Cameronn/an/an/an/an/a653792n/an/an/an/an/an/an/an/an/a
Drilling2,2542,7783,2383,8052,5389941,151n/an/an/an/an/an/an/an/an/a
Production2,6372,3272,6243,1301,585512936n/an/an/an/an/an/an/an/an/a
Reservoir Characterization2,4493,0803,7113,7702,4501,2441,184n/an/an/an/an/an/an/an/an/a
Production Systems FY2018 to FY2025Drilling FY2011 to FY2017Well Construction FY2018 to FY2025Production FY2011 to FY2017Reservoir Performance FY2018 to FY2025Reservoir Characterization FY2011 to FY2017Digital Integration FY2018 to FY2025Cameron FY2016 to FY2017All Other FY2023 to FY2025
7.3FY20119.6FY20136.6FY20154.1FY20174.2FY20193.6FY20216.7FY20236.9FY2025

$ billion; the figure over a bar is all the segments together. Hover a block for its profit, sales and margin.

FY2025Share of salesShare of profit
Production Systems36%32%
Well Construction32%32%
Reservoir Performance19%18%
Digital Integration7%11%
All Other5%7%

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has a profit before tax figure. A margin is a segment's profit before tax over its own sales.

Revenue by product or service FY2016 to FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Services20,25921,92724,29624,35816,53315,60219,55222,43923,29721,20059.4%
Product7,5518,5138,5198,5597,0687,3278,53910,69612,99214,50840.6%
ServicesProduct
30.4FY201732.9FY201922.9FY202133.1FY202335.7FY2025

$ billion; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region FY2011 to FY2025, 5 years left out

FY2011FY2012FY2013FY2014FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Middle East & Asia7,7228,77510,81011,8758,5678,0599,03311,01913,02612,21834.2%
Europe & African/an/an/an/an/a5,7787,2018,5249,6719,57226.8%
North America12,37813,53513,89716,1515,4784,4665,9956,7276,6807,51521.0%
Latin America6,4677,5547,7517,6993,4724,4595,6616,6456,7196,15217.2%
Othern/an/an/an/a1211672012201932510.7%
Europe/CIS/Africa9,67611,44412,36612,5155,963n/an/an/an/an/an/a
Middle East & AsiaEurope & Africa FY2021 to FY2025North AmericaLatin AmericaOther FY2020 to FY2025Europe/CIS/Africa FY2011 to FY2020
41.3FY201248.2FY201422.9FY202133.1FY202335.7FY2025

$ billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow

FY2007 †FY2008 †FY2009 †FY2010 †FY2011 †FY2012 †FY2013 †FY2014FY2015FY2016 †FY2017FY2018FY2019 †FY2020 †FY2021FY2022 †FY2023FY2024FY2025TTM
Operating cash flow6,2876,8995,3115,5095,8806,5439,78811,2198,5726,2615,6635,7135,4312,9444,6513,7206,6376,6026,4896,361
Capital expenditure2,9313,7232,3952,9144,0044,6953,9433,9762,4102,0552,1072,1601,7241,1161,1411,6181,9391,9311,6941,803
Free cash flow3,3563,1762,9162,5951,8761,8485,8457,2436,1624,2063,5563,5533,7071,8283,5102,1024,6984,6714,7954,558
Free cash flow margin14.4%11.7%12.8%9.7%5.1%4.4%12.9%14.9%17.4%15.1%11.7%10.8%11.3%7.7%15.3%7.5%14.2%12.9%13.4%12.4%
Cash from investing-4,629-5,143-4,070-2,938-3,898-7,174-5,977n/an/a-624-1,779-1,040-2,011-2,353-919-1,388-2,783-3,145-1,412-3,410
Cash from financing-1,630-1,825-1,188-1,409-2,700-339-2,199n/an/a-5,428-5,033-5,020-3,718-873-2,824-2,382-2,512-2,772-5,642-3,335
Depreciation and amortisation1,9542,2692,4762,7593,2743,6473,8794,0944,0784,0943,8373,5563,5892,5662,1202,1472,3122,5192,6432,827
Share-based compensation136172186198272335315329326267343345405397324313293316332326
Dividends paid7719641,0061,0401,3001,4321,6081,9682,4192,6472,7782,7702,7691,7346998481,3171,5331,6021,731
Dividend per share$0.70$0.84$0.84$0.84n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Diluted shares, weighted1,239m1,224m1,214m1,263m1,361m1,339m1,333m1,308m1,275m1,357m1,388m1,393m1,385m1,390m1,427m1,437m1,443m1,436m1,437m1,497m
Shares outstanding at period endn/an/a1,195m1,361m1,334m1,328m1,307m1,275m1,256m1,391m1,384m1,383m1,385m1,392m1,403m1,420m1,427m1,401m1,495m1,476m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2007 †FY2008 †FY2009 †FY2010 †FY2011 †FY2012 †FY2013 †FY2014FY2015FY2016 †FY2017FY2018FY2019 †FY2020 †FY2021FY2022 †FY2023FY2024FY2025TTM
Funded by
Shareholders' equity14,93816,86219,12031,22631,26334,75139,46937,85035,63341,07836,84236,16223,76012,07115,00417,68520,18921,13026,10926,051
Non-controlling interestn/a72.01092181291071661992724514194244164182823041,1701,2201,1821,162
Short-term borrowingsn/a459360n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Debtn/a3213218,1129,93311,63013,17613,33018,99919,61618,19916,05115,29416,88614,19512,22611,96512,07411,63612,800
Other liabilitiesn/a14,38013,55512,21113,87615,05914,28915,52513,10116,81116,52717,87016,84213,05912,03012,92014,63314,51115,94116,187
Total liabilities and equityn/a32,09433,46551,76755,20161,54767,10066,90468,00577,95671,98770,50756,31242,43441,51143,13547,95748,93554,86856,200
Owned
Fixed assetsn/a9,6909,66012,07112,99314,78015,09615,39613,41512,82111,57611,6799,2706,8266,4296,6077,2407,3597,8947,707
Goodwilln/a5,1895,30513,95214,15414,58514,70615,48715,60524,99025,11824,93116,04212,98012,99012,98214,08414,59316,79417,263
Intangible assetsn/a8207865,1624,8824,8024,7094,6544,5699,8559,3548,7277,0893,4553,2112,9923,2393,0124,9884,927
Investmentsn/a3,5033,9992,1003,12281.081.081.041.041.03,2901,3441,0302,1621,3821,2391,0891,1251,176930
Trading assetsn/an/an/an/an/an/a194n/an/an/an/an/an/an/an/an/an/an/an/an/a
Cash and equivalents6236096171,7641,7051,9053,4723,1302,7932,9291,7991,4331,1378441,7571,6552,9003,5443,0362,621
Receivablesn/a6,2586,0888,2789,50011,35111,49711,1718,7809,3878,0847,8817,7475,2475,3156,7667,8128,0118,6899,735
Inventoryn/a1,9191,8663,8044,7004,7854,6034,6283,7564,2254,0464,0104,1303,3543,2723,9994,3874,3755,0325,517
Other assetsn/a4,1065,1444,6364,1459,25812,74212,35719,04613,7088,72010,5029,8677,5667,1556,8957,2066,9167,2597,500
Total assetsn/a32,09433,46551,76755,20161,54767,10066,90468,00577,95671,98770,50756,31242,43441,51143,13547,95748,93554,86856,200
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded0.1%8.6%8.3%4.6%
Profit growth, compounded5.0%n/a-0.7%-15.0%
Return on equity, average-4.5%17.4%18.3%12.9%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was SLB's revenue in fiscal 2025?

SLB (SLB) reported revenue of $35.7 billion for fiscal 2025, the year ended 31 December 2025, down 1.6% on the year before.

How much did SLB earn in fiscal 2025?

Net income was $3.4 billion for fiscal 2025, and diluted earnings per share $2.35.

What is SLB's P/E ratio?

At the close of 6 November 2026, SLB traded at 24.2 times its earnings over the twelve months to 30 September 2026.

What is SLB's market cap?

The market cap of SLB was $73.7 billion at the close of 6 November 2026.

Does SLB pay a dividend?

Yes. SLB declared $1.15 a share in dividends over the four quarters to 30 September 2026.

Peers: Petroleum and Natural Gas

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
SLB Limited SLB$73.7 billion24.2311.9%n/a4.6%0.492.3%
Halliburton Co. HAL$26.3 billion13.3218.0%12.6%1.5%0.642.1%
Oceaneering International Inc. OII$3.4 billion10.4427.1%10.4%3.0%0.40n/a
WaterBridge Infrastructure LLC WBI$3.1 billion179.561.3%15.5%n/a2.37n/a
Select Water Solutions, Inc. WTTR$2.2 billion57.863.0%3.5%-2.0%0.25n/a
National Energy Services Reunited Corp. NESR$2.0 billionn/an/an/an/a0.26n/a
Liberty Energy Inc. LBRT$2.0 billion49.812.1%1.7%13.6%0.673.0%
RPC Inc. RES$1.2 billionn/a-3.0%-2.2%17.8%0.033.0%
ProPetro Holding Corp. PUMP$785 millionn/a0.2%0.5%-6.0%0.86n/a
Hornbeck Offshore Services, Inc. HOS$783 million19.672.5%5.6%2.0%0.19n/a
ProFrac Holding Corp. ACDC$546 millionn/a-76.9%-12.0%-3.3%2.01n/a
Core Laboratories Inc. CLB$404 million22.645.6%7.5%-0.1%0.410.5%
All 98 in Petroleum and Natural Gas
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
ExxonMobil Holdings Corp. XOM$676.6 billion17.0315.3%14.0%19.0%0.132.5%
Chevron Corp. CVX$417.9 billion15.5613.9%16.7%20.0%0.173.3%
Shell plc SHEL *$281.9 billion16.5210.2%n/a-6.1%0.433.0%
TotalEnergies SE TTE *$193.8 billion15.2011.4%n/a-6.2%0.534.2%
ConocoPhillips COP$161.2 billion14.3217.5%n/a13.3%0.352.5%
BP plc BP *$122.4 billionn/a0.1%6.6%-1.1%1.094.1%
Petróleo Brasileiro S.A. (Petrobras) PBR *$119.3 billion6.0926.0%29.3%-2.4%0.356.8%
Equinor ASA EQNR *$105.0 billion21.6412.5%23.8%2.6%0.690.3%
Marathon Petroleum Corp. MPC$101.5 billion7.2863.0%12.5%31.2%1.421.1%
Canadian Natural Resources Limited CNQ *$101.0 billion13.1324.4%n/a8.7%0.373.5%
Valero Energy Corp. VLO$96.6 billion7.7946.3%11.5%24.6%0.391.4%
Phillips 66 PSX$95.8 billion7.8536.6%n/a27.5%0.542.0%
Suncor Energy Inc. SU *$82.0 billion19.7813.1%n/a-4.6%0.222.5%
Eni S.p.A. E *$82.0 billion31.825.4%6.1%-7.5%0.594.2%
EOG Resources Inc. EOG$76.3 billion9.5124.7%35.8%31.7%0.242.8%
SLB Limited SLB$73.7 billion24.2311.9%n/a4.6%0.492.3%
Imperial Oil Ltd. IMO$59.0 billion9.9424.8%14.2%15.7%0.142.3%
Occidental Petroleum Corp. OXY$56.4 billionn/an/an/an/a0.311.8%
Diamondback Energy, Inc. FANG$50.0 billion24.485.3%12.6%21.1%0.342.4%
Devon Energy Corp. DVN$48.1 billion10.558.6%16.2%27.1%0.252.7%
Woodside Energy Group Ltd. WDS *$40.0 billion14.817.6%30.0%-1.5%0.335.0%
EQT Corp. EQT$30.9 billion11.7110.4%41.8%18.6%0.221.3%
Halliburton Co. HAL$26.3 billion13.3218.0%12.6%1.5%0.642.1%
Expand Energy Corp. EXE$19.5 billion7.3314.1%25.7%28.2%0.242.7%
Permian Resources Corp. PR$18.3 billion11.3613.0%40.1%22.8%0.252.8%
Ovintiv Inc. OVV$16.4 billion12.2011.4%15.1%15.0%0.312.0%
APA Corp. APA$15.0 billion7.2430.2%46.4%-3.5%0.462.2%
Viper Energy, Inc. VNOM$14.7 billion29.655.4%36.2%n/a0.476.0%
Range Resources Corp. RRC$11.4 billion12.9218.3%32.4%20.8%0.160.8%
Antero Resources Corp. AR$11.1 billion8.1415.9%27.6%28.7%0.32n/a
PBF Energy Inc. PBF$8.2 billion3.0034.1%9.8%31.5%0.271.6%
Chord Energy Corp. CHRD$7.3 billion8.5510.9%22.8%30.1%0.183.8%
SM Energy Co. SM$7.0 billion7.2612.1%23.6%107.6%0.852.9%
Noble Corp. plc NE$6.5 billion123.881.3%12.0%-13.0%0.444.9%
Magnolia Oil & Gas Corp. MGY$6.3 billion10.6110.1%36.9%26.3%0.462.8%
Matador Resources Co. MTDR$6.2 billion8.6911.9%31.6%1.3%0.823.0%
Transocean Ltd. RIG$5.8 billion37.363.5%20.4%3.9%0.59n/a
Valaris Ltd. VAL$5.5 billion7.0024.4%9.0%-11.6%0.33n/a
Murphy Oil Corp. MUR$5.2 billion11.218.7%25.7%13.7%0.293.8%
CNX Resources Corp. CNX$5.0 billion5.9218.9%42.7%47.0%0.470.0%
Crescent Energy Co. CRGY$4.7 billionn/a1.2%27.8%33.5%0.924.3%
Valvoline Inc. VVV$4.4 billion43.4824.4%15.3%16.1%3.84n/a
California Resources Corp. CRC$4.1 billionn/a-16.5%-20.3%-23.8%0.423.5%
Comstock Resources Inc. CRK$3.9 billion9.1816.1%28.4%17.5%1.290.0%
Delek US Holdings, Inc. DK$3.9 billion3.4070.8%13.3%27.1%2.031.6%
Hess Midstream LP HESM$3.8 billion10.26n/a62.7%-0.6%n/an/a
CVR Energy Inc. CVI$3.8 billion14.5024.4%5.7%34.4%1.63n/a
Patterson-UTI Energy, Inc. PTEN$3.8 billionn/a-0.8%0.9%0.0%0.403.8%
Icahn Enterprises L.P. IEP$3.6 billionn/an/a-9.9%16.0%n/an/a
Helmerich & Payne, Inc. HP$3.5 billionn/a-5.1%2.3%16.6%0.700.7%
Calumet, Inc. CLMT$3.5 billionn/an/a3.4%28.4%n/an/a
Par Pacific Holdings, Inc. PARR$3.4 billion3.5940.7%13.2%29.1%0.21n/a
Oceaneering International Inc. OII$3.4 billion10.4427.1%10.4%3.0%0.40n/a
WaterBridge Infrastructure LLC WBI$3.1 billion179.561.3%15.5%n/a2.37n/a
Gulfport Energy Corp. GPOR$2.6 billion5.7725.5%44.3%20.3%0.56n/a
Seadrill Ltd. SDRL$2.6 billionn/a-0.6%8.6%17.1%0.26n/a
Quaker Chemical Corp. KWR$2.6 billion26.836.9%7.6%8.7%0.631.4%
Talos Energy Inc. TALO$2.5 billionn/a-20.2%-0.4%13.5%0.72n/a
Northern Oil & Gas, Inc. NOG$2.4 billionn/a-25.7%-24.2%-28.3%1.437.9%
Select Water Solutions, Inc. WTTR$2.2 billion57.863.0%3.5%-2.0%0.25n/a
National Energy Services Reunited Corp. NESR$2.0 billionn/an/an/an/a0.26n/a
Liberty Energy Inc. LBRT$2.0 billion49.812.1%1.7%13.6%0.673.0%
BKV Corp. BKV$1.9 billion8.319.8%28.1%34.2%0.89n/a
Mach Natural Resources LP MNR$1.5 billion10.02n/a17.9%36.7%n/an/a
Dorchester Minerals, L.P. DMLP$1.4 billion13.27n/a49.8%38.2%n/an/a
Kosmos Energy Ltd. KOS$1.3 billionn/a-68.9%-21.9%20.9%3.87n/a
Nabors Industries Ltd. NBR$1.2 billionn/a-6.8%14.0%4.8%3.57n/a
RPC Inc. RES$1.2 billionn/a-3.0%-2.2%17.8%0.033.0%
Tamboran Resources Corp. TBN$1.0 billionn/a-3.3%n/an/a0.07n/a
Riley Exploration Permian, Inc. REPX$911 million8.8816.0%45.6%45.5%0.383.9%
HighPeak Energy, Inc. HPK$903 millionn/an/an/an/a0.772.2%
Diversified Energy Co. DEC$898 million15.8811.0%14.7%n/a4.299.1%
Tetra Technologies Inc. TTI$889 million99.832.1%6.9%6.1%0.46n/a
Infinity Natural Resources, Inc. INR$811 million4.9615.1%40.9%75.4%1.35n/a
ProPetro Holding Corp. PUMP$785 millionn/a0.2%0.5%-6.0%0.86n/a
Hornbeck Offshore Services, Inc. HOS$783 million19.672.5%5.6%2.0%0.19n/a
TXO Partners, L.P. TXO$729 millionn/an/a-23.7%-1.2%n/an/a
Granite Ridge Resources, Inc. GRNT$698 millionn/a-9.7%13.7%24.2%0.858.3%
Atlas Energy Solutions Inc. AESI$676 millionn/a-13.0%-10.2%-3.7%0.9213.9%
Vitesse Energy, Inc. VTS$622 millionn/a-8.1%12.0%10.6%0.3312.7%
Vaalco Energy Inc. EGY$565 millionn/a-28.6%-10.4%-25.5%0.474.7%
ProFrac Holding Corp. ACDC$546 millionn/a-76.9%-12.0%-3.3%2.01n/a
W&T Offshore Inc. WTI$477 millionn/an/a5.0%20.3%n/a1.3%
Sandridge Energy Inc. SD$464 million4.7517.1%38.4%24.9%0.004.6%
Core Laboratories Inc. CLB$404 million22.645.6%7.5%-0.1%0.410.5%
Natural Gas Services Group Inc. NGS$357 million17.177.0%21.6%15.4%1.111.7%
Gran Tierra Energy Inc. GTE$334 millionn/a-308.1%-54.4%6.2%6.53n/a
Sable Offshore Corp. SOC$298 millionn/a-109.8%-292.8%n/a2.45n/a
Ranger Energy Services, Inc. RNGR$293 million20.884.7%3.7%6.1%0.050.5%
Ring Energy, Inc. REI$287 millionn/a-25.1%-20.5%7.4%0.47n/a
Pedevco Corp. PED$198 millionn/an/a14.0%229.4%0.00n/a
Epsilon Energy Ltd. EPSN$157 millionn/a-2.7%1.0%53.7%0.31n/a
Mammoth Energy Services, Inc. TUSK$150 million10.765.1%-10.6%-10.4%0.00n/a
Amplify Energy Corp. AMPY$138 million7.425.2%19.9%-23.7%0.00n/a
Evolution Petroleum Corp. EPM$125 millionn/a-4.0%4.0%0.6%0.9413.8%
Nine Energy Service, Inc. NINE$104 millionn/a52.4%-4.0%-7.2%0.76n/a
Empire Petroleum Corp. EP$103 millionn/a-974.5%-224.1%-20.8%2.07n/a
BIG SKY Industrial Inc. BSIN$71 millionn/a-28.8%-153.7%-48.7%0.12n/a
15 companies share its SEC industry code (Oil & Gas Field Services, Nec); the rest are the names nearest in size in its wider industry, Petroleum and Natural Gas, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on SLB

Dividends$1.15 a share over the four quarters to 30 September 2026, a 2.30% yield
Filings22 in twelve months: 10 current reports (8-K), about 7 regulation FD disclosure; 4 results of operations; 1 officer or director change; 1 other events; 1 shareholder vote
Planned insider sales21 Form 144 notices in twelve months, $29.3 million; latest 2 November 2026
Options tapeput/call 0.44 by open interest at the 6 November 2026 close; the straddle prices a 4.3% move to 13 November 2026
13F holders1,711 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading26 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest55.6 million shares short, 4.95 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 202628 October 2026EDGAR
10-Q30 June 202629 July 2026EDGAR
10-Q31 March 202629 April 2026EDGAR
10-K31 December 202523 January 2026EDGAR
10-Q30 September 202522 October 2025EDGAR
10-Q30 June 202524 July 2025EDGAR
10-Q31 March 202525 April 2025EDGAR
10-K31 December 202422 January 2025EDGAR
10-Q30 September 202423 October 2024EDGAR
10-Q30 June 202424 July 2024EDGAR

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