SLB N.V. (SLB) Stock

SLB N.V. (SLB) is a Energy stock trading at $53.88 (as of 2026-08-21), with a market capitalization of $80.55B and a trailing P/E of 24.2. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

SLB N.V. provides technology and services for energy customers across divisions including Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. Its offerings span reservoir interpretation and data processing, well construction and production optimization, stimulation and intervention services, drilling-related services and equipment, and production- and integration-focused systems.

Understand SLB N.V.: how it makes money

SLB provides technology and services for the energy industry, selling field development and hydrocarbon production solutions (production systems, reservoir performance, and well construction) plus digital software and integration offerings.

SLB’s revenue mix combines project and service work in wells, reservoirs, and production with a recurring digital layer, evidenced by Digital annual recurring revenue and Net revenue retention rate.

Revenue by segment (latest quarter)
Production systems$3.5B
Well construction$2.8B
Reservoir performance$1.6B
Digital and integration$1.0B

Business quality (Weak): Segment breakdown and operating KPIs are available from the provided facts, but peer context is not provided and segment totals are approximate versus the stated company revenue.

Valuation: At 21× earnings, SLB trades 20% above the Petroleum & Natural Gas average (17×). Note: one-time items can distort reported P/E.

Bull case

  • Recurring digital revenue supports visibility: Digital annual recurring revenue is reported at 1.02 USD_B and net revenue retention rate is 103.0 percent.
  • Broader platform adoption within digital offerings: Delphi platform users are reported at 7800, digital customers at 1500, and connected assets deployed at 1400.

Bear case

  • Cyclicality risk from project driven businesses: The largest revenue segments (production systems, well construction, and reservoir performance) are service and product revenue areas, which can be sensitive to timing and execution of field work.
  • Digital portion is smaller than core services: Digital and integration revenue is reported at 1.0 USD_B versus 3.5 USD_B for production systems and 2.8 USD_B for well construction.
Valuation — source: SEC EDGAR (first-party)
Price$53.88
Market Cap$80.55B
P/E Ratio24.2
EV / EBITDA12.7
Price / Book2.94
Price / Sales2.24
FCF Yield5.8%
DCF Value (model)$26.21
DCF Upside vs Price-51.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$35.71B
Net Margin9.4%
Revenue Growth (YoY)2.7%
EPS Growth (YoY)-13.8%
FCF Growth (YoY)-45.0%
Financial Health — source: SEC EDGAR
Altman Z-Score3.23 (safe)
Valuation vs Sector & Industry
Stock P/E24.2
Sector P/E (Energy)16.5
Industry P/E (Petroleum & Natural Gas)16.3
vs Sector46.9%
vs Industry48.8%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($7.16B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorEnergy
IndustryPetroleum & Natural Gas
CEOOlivier Le Peuch
Employees110,000
CountryUS
IPO Date1981-12-31

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SLB earnings history · SLB institutional & insider holders · SLB KPIs & operating metrics · SLB financials · SLB investor presentations & press releases · SLB SEC filings · SLB peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.