Overview

• Oilfield services firm's Q4 revenue rose 5% yr/yr, beating analyst expectations

• Adjusted EPS for Q4 beat analyst expectations

• Company plans to return over $4 bln to shareholders in 2026

Outlook

• SLB expects increased rig activity in the Middle East in 2026

• Company plans to return over $4 bln to shareholders in 2026

• SLB sees growth in Digital and Data Center Solutions in 2026

Result Drivers

• CHAMPIONX ACQUISITION - The acquisition of ChampionX contributed $879 mln to Q4 revenue, boosting Production Systems division

• DIGITAL AND DATA CENTER GROWTH - Significant growth in Digital Exploration and Data Center Solutions supported Q4 results

• STABILIZED UPSTREAM ACTIVITY - Revenue growth across all geographies due to stabilized global upstream activity

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 28 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the oil related services and equipment peer group is "buy"

• Wall Street's median 12-month price target for Slb NV is $50.00, about 1.4% above its January 22 closing price of $49.32

• The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nBw5h9Npja

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)