SLB's Q2 earnings and revenues beat estimates on strong digital revenues and rising demand for production systems.
Schlumberger (SLB) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.85 per share a year ago.
SLB's fortunes are closely tied to crude prices, and they've been falling this year.
SLB's Q2 earnings are likely to have faced pressure from rig pullbacks and weak drilling despite digital growth and AI adoption gains.
SLB's stock (NYSE: SLB) is scheduled to announce its fiscal second-quarter earnings on Friday, July 18, 2025. Analysts forecast that the firm will disclose earnings of $0.75 per share on $8.51 billion in revenue.
Britain's competition regulator said on Tuesday it has accepted undertakings offered by oilfield services firm SLB and ChampionX to address its antitrust concerns and will not further investigate the proposed $8 billion merger of the companies.
Schlumberger (SLB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Schlumberger (SLB) closed at $36.65 in the latest trading session, marking a +1.1% move from the prior day.
Recently, Zacks.com users have been paying close attention to Schlumberger (SLB). This makes it worthwhile to examine what the stock has in store.
SLB is undervalued, trading at less than 11x FCF, with strong financials, robust capital returns, and growing dividends, despite recent share price weakness. Technological advancements in digital, AI, and data center solutions are driving growth, diversifying revenue, and enhancing resilience beyond traditional oilfield services. SLB's disciplined capital allocation, low debt, and commitment to $4B in shareholder returns position it for capital appreciation and dividend growth.
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In the closing of the recent trading day, Schlumberger (SLB) stood at $35.91, denoting a +2.02% move from the preceding trading day.