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Schlumberger Ltd - Stock Quote SLB

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Morningstar's Schlumberger Ltd Stock Analysis

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Schlumberger Will Benefit From the Oil Market's Recovery From COVID-19

Preston Caldwell Senior Analyst

Business Strategy and Outlook

| Preston Caldwell |

Among oilfield-services companies, Schlumberger has long stood in a class of its own. Underpinned by its moat and strong management, the company has earned solid economic profits for decades. It reached the front of the pack in wireline evaluation in the 1920s, and it hasn’t relinquished its position since. Since then, Schlumberger has used its unrivaled expertise in understanding oil and gas reservoirs to not only drive a continuous stream of profits in its legacy business lines (embedded in the reservoir characterization segment), but also develop other oilfield-services business lines with nearly unwavering success. As one of many examples, the company pioneered directional drilling in the mid-1980s, a technology that today is recognized as an indispensable ingredient in the shale revolution.

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Schlumberger Ltd's Company Profile

Business Description

Schlumberger is the world’s largest supplier of products and services to the oil and gas industry. The company operates its business via multiple groups: reservoir characterization, drilling, production, and Cameron. It is investing more than any other services firm to make its offerings more bundled, which it believes is likely to be one of the key industry trends during the next 10 years. Efforts on this front are most visible via the Schlumberger Production Management business, which now accounts for 10% of its revenue.

5599 San Felipe, 17th Floor
Houston, TX, 77056
T +1 713 513-2000
Sector Energy
Industry Oil & Gas Equipment & Services
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type
Employees 92,000

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