SLB LimitedNYSE: SLB
Energy · Oil & Gas Equipment & Services
$57.00
+0.20%
Vol: 7.6M
Research Digest
Friday, May 1, 2026
SLB Q1 2026 revenue $8.72B (+3% YoY); shares hit 52-week high as analysts raise PTs to $60-69.
SLB Q1 2026 revenue $8.72B (+3% YoY), EPS $0.52 in line, though adj EBITDA margin -346bps to 20.3% on Middle East challenges. Stock +39.7% YTD, hit new 52-week high $56.90, 73.74% 1-year total return. Strong Buy consensus with 18 of 25 analysts at strong buy. Recent PT increases: Citi to $68 from $59, UBS to $69 from $61, BMO Capital to $63. Mean PT $60.27.
Previous Market Intelligence
13 daysApr 30SLB reports Q1 2026 EPS of $0.52, meeting estimates, but shares drop on Middle East disruptions and weakness in production guidance.Mixed▶
Schlumberger reported Q1 2026 EPS of $0.52, meeting consensus expectations but down from $0.72 YoY, as widespread Middle East disruptions impacted operations in Qatar and Iraq. Revenue reached $8.72 billion, slightly above forecasts. Despite challenges, production systems and digital divisions showed YoY growth. SLB committed to returning over $4 billion to shareholders in 2026. Multiple analysts raised price targets including TD Cowen to $66 from $55, Morgan Stanley to $57 from $55, Evercore ISI to $64 from $54, and JPMorgan to $61 from $54.
Apr 16SLB OneSubsea awarded Shenandoah subsea contract; shareholders back board and pay; earnings April 24Positive▶
Schlumberger held Annual General Meeting April 8 with 95.2% shareholder votes supporting all 9 director nominees and executive pay program. SLB OneSubsea awarded contract for Shenandoah Field (April 9). Stock +11.6% month-over-month, +25.6% YTD. Earnings April 24 (EPS $0.55, -23.6% YoY; revenue $8.69B, +2.4%). Consensus Strong Buy with $52.25 target; recent 7-day return +9.5%.
Apr 15SLB shareholders approve all 2026 annual meeting proposals with 95.2% backing executive pay; Shenandoah Field contract awarded.Positive▶
SLB held its 2026 Annual General Meeting on April 8, with 95.2% of votes supporting all nine director nominees and executive compensation. SLB OneSubsea joint venture awarded Shenandoah Field contract April 9. SLB expanded AI collaboration with Nvidia for energy industry infrastructure. Stock at $52.54, up 66.4% year-to-date. Q1 earnings call scheduled April 24.
Apr 14SLB completes Sensia joint venture dissolution with Rockwell Automation; shareholders approve all 2026 AGM proposals.Positive▶
SLB and Rockwell Automation completed Sensia joint venture dissolution on April 1. Shareholders approved all directors, pay, and 2025 financials with strong majorities. Digital oilfield technologies progressed to full-scale implementation. UBS reiterated Buy at $61; Susquehanna raised target to $60. Q1 conference call scheduled April 24.
Apr 13SLB holds 2026 Annual Meeting with 95.2% shareholder support; Q1 earnings April 24, OneSubsea wins Shenandoah contract.Mixed▶
SLB held 2026 Annual General Meeting with 95.2% support for director nominees. OneSubsea joint venture awarded Shenandoah Field contract. Q1 2026 earnings call scheduled for April 24. Analysts forecast Q1 adjusted EPS of $0.60 (down 16.7% YoY). Buy consensus from 21 analysts with $56.43 target price. Tariff uncertainty and OPEC+ production cited as headwinds.
Apr 10Schlumberger shareholders approve 2026 meeting proposals with strong support; stock rallies 3.16% on bullish momentum.Positive▶
SLB held 2026 AGM with ~95.2% votes supporting director nominees and executive compensation. PricewaterhouseCoopers ratified as auditor (92.8% support). Stock surges 3.16% to $51.94 with strong technical indicators. 20 analysts rate Strong Buy. Recently secured multi-well EPC contract with CNOOC.
Apr 9Citi raises SLB price target to $59 ahead of Q1 earnings callPositive▶
Citi analysts increased their price target for SLB (Schlumberger) to $59 from $56 on April 1, 2026. The company held its 2026 Annual Shareholder Meeting on April 8 with overwhelming approval of management proposals at 95.2% of votes cast. SLB will hold a conference call on April 24, 2026 to discuss Q1 2026 results. Management acknowledged that tariff impacts and rising OPEC+ production are expected to negatively influence the market. The stock has risen 5.45% over the past month despite a 4.26% decline over the previous week.
Apr 8SLB Raises Price Targets and Capital Returns Amid Digital GrowthPositive▶
Schlumberger boosted by analyst upgrades with Susquehanna raising target to $60 and UBS at $61. Digital revenue surpassed $1B. Announced capital returns and dividend increase. Q1 earnings conference call scheduled for April 24.
Apr 7SLB digital revenue surpasses $1B; expands NVIDIA AI partnership amid Middle East challengesPositive▶
SLB N.V. (formerly Schlumberger) announced expanded collaboration with NVIDIA to design and deploy AI infrastructure for energy industry. Digital revenue surpassed $1B milestone. Three-year agreement with Azule Energy to expand enterprise digital platform use. Company announced capital returns and dividend increase despite geopolitical challenges in Middle East. 2025 revenue $35.71B (down 1.6% YoY), earnings $3.37B (down 24.37% YoY). 20 analysts rate Strong Buy with $52.11 12-month target, 5.25% upside.
Apr 6SLB (formerly Schlumberger) reports strong analyst sentiment; Citigroup and JPMorgan raise price targetsPositive▶
SLB Limited (formerly Schlumberger) changed its name to SLB N.V. in October 2025. The company provides technology for the energy industry through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. Recent analyst upgrades include Citigroup raising price target from $53 to $56, JPMorgan raising from $43 to $54, and BMO Capital raising from $53 to $55. 2025 revenue was $35.71 billion, down 1.60%, with earnings of $3.37 billion, down 24.37%. Share price stood at $49.18. Consensus analyst rating is "Strong Buy" with 12-month price target of $52.11.
Apr 3Schlumberger to report Q1 2026 earnings April 24; faces margin pressure but develops autonomous directional drilling AI breakthrough.Mixed▶
Schlumberger will report Q1 2026 earnings on April 24 with consensus EPS estimate of $0.60, down 16.7% YoY. The company faces near-term headwinds from margin compression amid geopolitical uncertainty. However, SLB announced a breakthrough autonomous directional drilling technology using AI that reduces drilling time by up to 30%.
Apr 2SLB expanded Nvidia collaboration for AI energy infrastructure while reporting strong digital revenue surpassing $1 billion.Positive▶
SLB N.V. announced expanded collaboration with Nvidia to design and deploy AI infrastructure and models for the energy industry. The company's digital revenue surpassed $1 billion, signaling strong momentum in high-margin segments. SLB reported a three-year agreement with Azule Energy to expand enterprise digital platform use. However, full-year 2025 revenue declined 1.6% and earnings fell 24.4% due to market headwinds. Analysts maintain a Strong Buy consensus with average price target of $52.11.
Apr 1SLB expanded technology collaboration with NVIDIA for AI infrastructure in energy; signed three-year agreement with Azule Energy.Positive▶
SLB announced expanded collaboration with NVIDIA on AI infrastructure for energy and a three-year agreement with Azule Energy. The company's digital revenue has surpassed $1 billion. Stock returned 9.5% over the last 7 days and 25.6% year-to-date.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| SLBSLB | $57.00 | +0.20% | +14.3% | 17.0x | 0.69 | $85.1B |
| BKRBAKER | $69.27 | -0.58% | +14.8% | 25.0x | 0.90 | $69.1B |
| HALHALLIBURTON | $41.76 | -1.28% | +11.8% | 14.8x | 0.69 | $35.3B |
| XOMEXXON | $153.41 | -0.60% | -5.5% | 15.2x | 0.29 | $641.5B |
| CVXCHEVRON | $190.83 | -1.28% | -2.8% | 16.5x | 0.59 | $385.1B |
| COPCONOCOPHILLIPS | $123.50 | -1.81% | -4.5% | 14.8x | 0.19 | $153.3B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.