SLB stock forecast, quote, news & analysis

Key Takeaways

• SLB shares advanced roughly 14.3% over the 30 days through mid-August 2026, rising from a $46.99 close on July 17, 2026, to about $53.71.
• Second-quarter 2026 results exceeded consensus, with revenue of $8.97 billion versus $8.67 billion expected and adjusted EPS of $0.55 versus $0.51 expected.
• North American revenue grew 36% year over year, and international offshore activity remained firm, offsetting a 13% sequential decline in Middle East revenue tied to regional conflict.
• Digital revenue rose 9% sequentially to $697 million, while Data Center Solutions revenue climbed 33% sequentially and 80% year over year.
• Over the broader three-month window, SLB is still down about 3%, reflecting a sharp selloff into early July followed by a strong post-earnings recovery.
• Analyst consensus remains Buy, with an average price target near $62, though recent rating actions have been mixed.

SLB N.V. (SLB) Company Overview and Market Position

SLB N.V. (formerly Schlumberger Limited) is the world's largest oilfield services company, supplying drilling, well construction, production systems, reservoir performance, and digital technology to the global energy industry. The company employs roughly 109,000 people and operates across North America, the Middle East and Asia, Europe, Africa, and Latin America. Its portfolio includes the OneSubsea subsea business, artificial lift and production chemicals through ChampionX, and a growing digital and AI platform. Investors follow SLB as a bellwether for global upstream spending and offshore activity, as well as for its expansion into data-center infrastructure tied to AI-driven energy demand.

SLB N.V. (SLB) Stock Price Performance: Last 30 Days vs. Quarter

Over the last 30 days, SLB climbed from a closing price of $46.99 on July 17, 2026, the nearest prior trading session to 30 calendar days earlier, to approximately $53.71 in mid-August 2026, a gain of roughly 14.3%. The most recent completed daily close was $53.77 on August 14, 2026.

The three-month picture is more mixed. Measured from the May 15, 2026 close of $55.38, the nearest prior trading session to mid-May, SLB is still down approximately 3%. The stock sold off from late May into early July, bottoming near $45.09 on July 1, 2026, before rebounding about 19% from that low as second-quarter results and improving sentiment restored momentum.

What Drove SLB Stock Price in the Last 30 Days

SLB's 30-day advance was anchored by second-quarter results released on July 24, 2026. The company reported revenue of $8.97 billion, up 5% year over year and 3% sequentially, ahead of the $8.67 billion consensus. Adjusted EPS of $0.55 beat the $0.51 estimate. Shares jumped from $47.22 on July 23 to $52.42 on July 24, a one-session gain of about 11%.

Growth was broad outside the Middle East. North American revenue rose 36% year over year, and offshore activity in Brazil, Guyana, Mexico, Scandinavia, Nigeria, and Asia remained firm. Production Systems revenue increased 7% sequentially to $3.77 billion, with adjusted EBITDA margins back above 20%. Digital revenue rose 9% sequentially to $697 million, and Data Center Solutions revenue climbed 33% sequentially and 80% year over year, supported by new hyperscaler agreements including Meta's selection of SLB as a delivery partner for a 1-gigawatt data center in Canada.

Analyst activity was mixed. After the report, Barclays lifted its target to $67, Evercore reiterated Outperform with a $66 target, and Piper Sandler reiterated Overweight with a $64 target. In mid-August, Capital One Securities moved to Neutral with a $63 target. Capital returns also supported sentiment: SLB repurchased $648 million of stock in the second quarter and reiterated plans for at least $2.4 billion in full-year buybacks, targeting more than $4 billion in total shareholder returns in 2026.

What Drove SLB Stock Performance Over the Last Quarter

The broader quarter reflects a V-shaped recovery. In late May and June, concerns about Middle East conflict, softer oil-market sentiment, and uncertainty around upstream spending pressured oilfield services shares, and SLB fell to its early-July low. The July 24 earnings report changed the narrative by showing that production recovery, deepwater demand, and digital growth could offset regional disruption. Management also pointed to an emerging upcycle, citing third-party estimates that final investment decisions for long-cycle projects could rise about 30% year over year in 2026. Despite the strong rebound, SLB remains slightly below its mid-May level because the rally has only partly retraced the earlier drawdown.

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SLB Stock Forecast Drivers: What Investors Should Watch Next

For the third quarter of 2026, SLB guided to sequential revenue growth of 3% to 4% and about 75 basis points of adjusted EBITDA margin expansion, with a downside scenario that would reduce revenue by about $150 million if Middle East activity stays flat. Preliminary fourth-quarter assumptions call for revenue above $10 billion, up about 5% year over year, with adjusted EBITDA margin near 24%. Investors should monitor Middle East recovery, oil and gas price trends, deepwater project sanctioning, digital and AI adoption, and the pace of Data Center Solutions expansion, where SLB targets an annualized run rate above $2 billion by the end of 2027. ChampionX integration and the sustainability of buybacks and dividends are additional factors. SLB's next earnings report is expected in mid-October 2026.

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