SLBSchlumberger

Energy · Oilfield Services · NYSE

All references in this report to “Registrant,” “Company,” “SLB,” “we” or “our” are to SLB N.V. (SLB Limited) and its consolidated subsidiaries. 10-K, Item 1

Headquarters: Houston, TX
CEO: Peuch Olivier Le
Next results: around Jan 22, 2027

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SLB and 9 peers, year by year

The 9 Energy companies closest to SLB in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.

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Each company's latest fiscal year
Company	Year	Revenue	Sales growth	Gross margin	Operating margin	Net margin	FCF margin	Return on equity	Debt / equity
SLB Schlumberger	FY2025	$35.7B	−1.6%	-	-	9.4%	13.4%	12.9%	0.37
OKE Oneok	FY2025	$33.6B	+55.0%	-	17.1%	10.1%	7.3%	15.1%	1.46
EOG EOG Resources	FY2025	$22.6B	−4.5%	-	28.2%	22.0%	-	16.7%	0.27
BKR Baker Hughes	FY2025	$27.7B	−0.3%	-	-	9.3%	9.1%	13.7%	0.32
OXY Occidental Petroleum	FY2025	$21.6B	−5.0%	-	-	7.5%	19.0%	4.5%	0.59
HAL Halliburton	FY2025	$22.2B	−3.3%	-	10.2%	5.8%	7.5%	12.3%	0.68
DVN Devon Energy	FY2025	$17.2B	+5.4%	-	-	15.4%	18.1%	17.0%	0.54
FANG Diamondback Energy	FY2025	$15.0B	+35.8%	-	8.4%	11.1%	-	4.5%	0.37
KMI Kinder Morgan	FY2025	$16.9B	+12.7%	-	27.9%	18.0%	17.1%	9.8%	1.03
TRGP Targa Resources	FY2025	$17.0B	+3.9%	-	19.6%	11.3%	3.4%	62.7%	5.68

Revenuepeer median $21.6B

Sales growthpeer median +3.9%

Operating marginpeer median 18.3%

EOG 28.2%
KMI 27.9%
TRGP 19.6%
OKE 17.1%
HAL 10.2%
FANG 8.4%
SLB -
BKR -
OXY -
DVN -

Net marginpeer median 11.1%

FCF marginpeer median 9.1%

OXY 19.0%
DVN 18.1%
KMI 17.1%
SLB 13.4%
BKR 9.1%
HAL 7.5%
OKE 7.3%
TRGP 3.4%
EOG -
FANG -

Return on equitypeer median 13.7%

Debt / equitypeer median 0.59

TRGP 5.68
OKE 1.46
KMI 1.03
HAL 0.68
OXY 0.59
DVN 0.54
SLB 0.37
FANG 0.37
BKR 0.32
EOG 0.27

RevenueSales growthGross marginOperating marginNet marginFree cash flowFCF marginReturn on equityDebt / equityEPS (diluted)

Revenue, FY2016 to FY2025

Revenue as reported in the 10-K.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
SLB Dec	$27.8B	$30.4B	$32.8B	$32.9B	$23.6B	$22.9B	$28.1B	$33.1B	$36.3B	$35.7B
OKE Dec	$8.9B	$12.2B	$12.6B	$10.2B	$8.5B	$16.5B	$22.4B	$17.7B	$21.7B	$33.6B
EOG Dec	$7.7B	$11.2B	$17.3B	$17.4B	$11.0B	$18.6B	$25.7B	$24.2B	$23.7B	$22.6B
BKR Dec	$13.3B	$17.3B	$22.9B	$23.8B	$20.7B	$20.5B	$21.2B	$25.5B	$27.8B	$27.7B
OXY Dec	$10.1B	$12.5B	$17.8B	$20.9B	$17.8B	$26.0B	$36.6B	$23.2B	$22.7B	$21.6B
HAL Dec	$15.9B	$20.6B	$24.0B	$22.4B	$14.4B	$15.3B	$20.3B	$23.0B	$22.9B	$22.2B
DVN Dec	$10.3B	$6.5B	$8.9B	$6.7B	$4.8B	$13.8B	$19.8B	$15.3B	-	$17.2B
FANG Dec	$527.1M	$1.2B	$2.2B	$4.0B	$2.8B	$6.8B	$9.6B	$8.4B	$11.1B	$15.0B
KMI Dec	$13.1B	$13.7B	$14.1B	$13.2B	$11.7B	$16.6B	$19.2B	$15.3B	$15.1B	$16.9B
TRGP Dec	$6.7B	$8.8B	$10.5B	$8.7B	$8.3B	$20.9B	-	$16.1B	$16.4B	$17.0B
Peer median	$10.1B	$12.2B	$14.1B	$13.2B	$11.0B	$16.6B	$20.7B	$17.7B	$22.2B	$21.6B

Sales growth, FY2016 to FY2025

Revenue against the fiscal year before.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
SLB Dec	−21.6%	+9.5%	+7.8%	+0.3%	−28.3%	−2.8%	+22.5%	+18.0%	+9.5%	−1.6%
OKE Dec	+14.9%	+36.5%	+3.4%	−19.3%	−16.0%	+93.6%	+35.4%	−21.0%	+22.7%	+55.0%
EOG Dec	−12.6%	+46.5%	+54.1%	+0.6%	−36.5%	+69.0%	+37.9%	−5.9%	−2.0%	−4.5%
BKR Dec	−20.5%	+31.3%	+33.2%	+4.2%	−13.1%	−1.0%	+3.2%	+20.6%	+9.1%	−0.3%
OXY Dec	−19.2%	+24.0%	+42.5%	+17.3%	−10.7%	+51.5%	+39.6%	−21.8%	−2.2%	−5.0%
HAL Dec	−32.8%	+29.8%	+16.4%	−6.6%	−35.5%	+5.9%	+32.7%	+13.4%	−0.3%	−3.3%
DVN Dec	−21.6%	+28.8%	+23.9%	−20.9%	−30.0%	+194%	+44.2%	−23.6%	-	+5.4%
FANG Dec	+18.0%	+129%	+80.6%	+82.5%	−29.1%	+145%	+41.9%	−12.8%	+31.6%	+35.8%
KMI Dec	−9.3%	+5.0%	+3.2%	−9.3%	−16.4%	+60.0%	+12.2%	−24.7%	−1.2%	+12.7%
TRGP Dec	-	+31.7%	+19.9%	−20.9%	−7.1%	+23.2%	-	−31.8%	+2.0%	+3.9%
Peer median	−15.9%	+31.3%	+23.9%	−6.6%	−16.4%	+60.0%	+36.6%	−21.0%	+0.8%	+3.9%

Gross margin, FY2016 to FY2025

Gross profit / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
SLB Dec	-	-	-	-	-	-	-	-	-	-
OKE Dec	-	-	-	-	-	-	-	-	-	-
EOG Dec	-	-	-	-	-	-	-	-	-	-
BKR Dec	23.7%	17.6%	17.4%	18.6%	-	-	-	-	-	-
OXY Dec	-	-	-	-	-	-	-	-	-	-
HAL Dec	-	-	-	-	-	-	-	-	-	-
DVN Dec	-	-	-	-	-	-	-	-	-	-
FANG Dec	-	-	-	-	-	-	-	-	-	-
KMI Dec	-	-	-	-	-	-	-	-	-	-
TRGP Dec	26.4%	21.7%	21.4%	29.4%	-	-	-	-	-	-
Peer median	-	-	-	-	-	-	-	-	-	-

Operating margin, FY2016 to FY2025

Operating income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
SLB Dec	11.8%	12.9%	12.8%	12.1%	10.2%	14.7%	17.8%	19.7%	-	-
OKE Dec	14.5%	11.4%	14.6%	18.8%	15.9%	15.7%	12.5%	23.0%	23.0%	17.1%
EOG Dec	−16.0%	8.3%	25.9%	21.3%	−4.9%	32.7%	38.8%	39.7%	34.1%	28.2%
BKR Dec	3.4%	−1.6%	3.1%	4.5%	−77.2%	6.4%	5.6%	9.1%	11.1%	-
OXY Dec	-	-	-	-	-	-	-	-	-	-
HAL Dec	−42.6%	6.7%	10.3%	−2.0%	−16.9%	11.8%	13.3%	17.7%	16.7%	10.2%
DVN Dec	−28.1%	-	-	-	-	-	-	-	-	-
FANG Dec	−13.0%	50.2%	46.5%	17.5%	−194.7%	58.9%	67.5%	54.3%	39.7%	8.4%
KMI Dec	27.1%	25.7%	26.8%	36.9%	13.3%	17.6%	21.2%	27.8%	29.0%	27.9%
TRGP Dec	0.8%	−1.4%	2.3%	2.2%	−15.8%	8.3%	-	16.4%	16.5%	19.6%
Peer median	−6.1%	8.3%	14.6%	17.5%	−15.8%	15.7%	17.3%	23.0%	23.0%	18.3%

Net margin, FY2016 to FY2025

Net income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
SLB Dec	−6.1%	−4.9%	6.5%	−30.8%	−44.6%	8.2%	12.2%	12.7%	12.3%	9.4%
OKE Dec	3.9%	3.2%	9.1%	12.6%	7.2%	9.1%	7.7%	15.0%	14.0%	10.1%
EOG Dec	−14.3%	23.0%	19.8%	15.7%	−5.5%	25.0%	30.2%	31.4%	27.0%	22.0%
BKR Dec	0.0%	−0.6%	0.9%	0.5%	−48.0%	−1.1%	−2.8%	7.6%	10.7%	9.3%
OXY Dec	−5.7%	10.5%	23.2%	−4.7%	−83.3%	8.9%	36.3%	20.2%	10.4%	7.5%
HAL Dec	−36.3%	−2.2%	6.9%	−5.0%	−20.4%	9.5%	7.7%	11.5%	10.9%	5.8%
DVN Dec	−10.2%	13.8%	34.4%	−5.3%	−55.5%	20.5%	30.4%	24.5%	-	15.4%
FANG Dec	−31.3%	40.0%	38.9%	6.1%	−160.6%	32.1%	45.5%	37.4%	30.2%	11.1%
KMI Dec	5.4%	1.3%	11.4%	16.6%	1.0%	10.7%	13.3%	15.6%	17.3%	18.0%
TRGP Dec	−2.8%	0.6%	0.0%	−2.4%	−18.8%	5.7%	-	8.4%	8.0%	11.3%
Peer median	−5.7%	3.2%	11.4%	0.5%	−20.4%	9.5%	21.7%	15.6%	12.4%	11.1%

Free cash flow, FY2016 to FY2025

Cash from operations minus capital spending.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
SLB Dec	$4.2B	$3.6B	$3.6B	$3.7B	$1.8B	$3.5B	$2.1B	$4.7B	$4.7B	$4.8B
OKE Dec	$728.6M	$803.0M	$45.2M	−$1.9B	−$296.3M	$1.8B	$1.7B	$2.8B	$2.9B	$2.4B
EOG Dec	-	-	-	-	-	-	-	-	-	-
BKR Dec	−$162.0M	−$1.5B	$767.0M	$886.0M	$330.0M	$1.5B	$899.0M	$1.8B	$2.1B	$2.5B
OXY Dec	$667.0M	$1.3B	$2.7B	$1.0B	$1.4B	$7.6B	$12.3B	$6.6B	$5.2B	$4.1B
HAL Dec	−$2.5B	$1.1B	$1.1B	$915.0M	$1.2B	$1.1B	$1.2B	$2.1B	$2.4B	$1.7B
DVN Dec	$651.0M	$2.9B	$1.5B	$2.0B	$311.0M	$2.9B	$6.0B	$2.7B	-	$3.1B
FANG Dec	-	-	-	-	-	-	-	-	-	-
KMI Dec	$1.9B	$1.4B	$2.1B	$2.5B	$2.8B	$4.4B	$3.3B	$4.2B	$3.0B	$2.9B
TRGP Dec	$275.3M	−$358.0M	−$2.0B	−$1.5B	$792.9M	$1.0B	-	$826.2M	$683.9M	$584.1M
Peer median	$651.0M	$1.1B	$1.1B	$915.0M	$792.9M	$1.8B	$2.5B	$2.7B	$2.6B	$2.5B

FCF margin, FY2016 to FY2025

Free cash flow / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
SLB Dec	15.1%	11.7%	10.8%	11.3%	7.7%	15.3%	7.5%	14.2%	12.9%	13.4%
OKE Dec	8.2%	6.6%	0.4%	−18.7%	−3.5%	11.2%	7.6%	16.0%	13.2%	7.3%
EOG Dec	-	-	-	-	-	-	-	-	-	-
BKR Dec	−1.2%	−8.5%	3.4%	3.7%	1.6%	7.4%	4.2%	7.2%	7.4%	9.1%
OXY Dec	6.6%	10.1%	15.1%	4.8%	8.0%	29.1%	33.6%	28.5%	22.8%	19.0%
HAL Dec	−15.7%	5.3%	4.7%	4.1%	8.0%	7.3%	6.1%	9.0%	10.6%	7.5%
DVN Dec	6.3%	44.1%	17.2%	30.1%	6.4%	21.2%	30.2%	17.4%	-	18.1%
FANG Dec	-	-	-	-	-	-	-	-	-	-
KMI Dec	14.4%	10.3%	15.1%	18.8%	24.3%	26.7%	17.4%	27.2%	19.9%	17.1%
TRGP Dec	4.1%	−4.1%	−18.8%	−17.2%	9.6%	5.0%	-	5.1%	4.2%	3.4%
Peer median	6.3%	6.6%	4.7%	4.1%	8.0%	11.2%	12.5%	16.0%	11.9%	9.1%

Return on equity, FY2016 to FY2025

Net income / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
SLB Dec	−4.1%	−4.1%	5.9%	−42.7%	−87.1%	12.5%	19.5%	20.8%	21.1%	12.9%
OKE Dec	186.5%	7.0%	17.5%	20.5%	10.1%	24.9%	26.5%	16.1%	17.8%	15.1%
EOG Dec	−7.8%	15.9%	17.7%	12.6%	−3.0%	21.0%	31.3%	27.0%	21.8%	16.7%
BKR Dec	0.0%	−0.7%	1.1%	0.6%	−77.1%	−1.5%	−4.2%	12.6%	17.6%	13.7%
OXY Dec	−2.7%	n/m	19.4%	−2.9%	−79.9%	11.4%	44.2%	15.5%	6.9%	4.5%
HAL Dec	−61.2%	−5.6%	17.4%	−14.1%	−59.2%	21.7%	19.8%	28.1%	23.8%	12.3%
DVN Dec	−12.8%	9.7%	33.4%	−6.1%	−92.9%	30.4%	54.0%	31.0%	-	17.0%
FANG Dec	−4.5%	9.2%	6.2%	1.8%	−51.4%	18.1%	29.2%	18.9%	8.8%	4.5%
KMI Dec	2.1%	0.5%	4.8%	6.5%	0.4%	5.8%	8.3%	7.9%	8.6%	9.8%
TRGP Dec	−3.6%	0.9%	0.0%	−4.3%	−58.6%	44.8%	-	49.1%	50.6%	62.7%
Peer median	−3.6%	3.9%	17.4%	0.6%	−58.6%	21.0%	27.9%	18.9%	17.7%	13.7%

Debt / equity, FY2016 to FY2025

Total debt / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
SLB Dec	0.48	0.40	0.40	0.62	1.33	0.89	0.60	0.54	0.52	0.37
OKE Dec	n/m	1.65	1.43	2.04	2.35	2.26	2.09	1.32	1.88	1.46
EOG Dec	0.50	0.39	0.31	0.24	0.29	0.23	0.20	0.14	0.16	0.27
BKR Dec	0.02	0.58	0.41	0.30	0.59	0.45	0.46	0.39	0.36	0.32
OXY Dec	0.46	n/m	0.49	1.13	1.93	1.43	0.64	0.63	0.74	0.59
HAL Dec	1.32	1.31	1.09	1.29	1.98	1.36	1.00	0.81	0.68	0.68
DVN Dec	1.23	0.73	0.47	0.74	1.49	0.70	0.58	0.51	-	0.54
FANG Dec	0.30	0.28	0.33	0.41	0.64	0.55	0.42	0.40	0.32	0.37
KMI Dec	1.21	1.18	1.11	1.02	1.10	1.08	1.03	1.06	1.04	1.03
TRGP Dec	0.93	0.88	1.26	1.66	3.06	4.33	-	4.73	5.47	5.68
Peer median	0.71	0.80	0.49	1.02	1.49	1.08	0.61	0.63	0.71	0.59

EPS (diluted), FY2016 to FY2025

Diluted earnings per share, on today's share count after splits.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
SLB Dec	−$1.24	−$1.08	$1.53	−$7.32	−$7.57	$1.32	$2.39	$2.91	$3.11	$2.35
OKE Dec	$1.66	$1.29	$2.78	$3.07	$1.42	$3.35	$3.84	$5.48	$5.17	$5.42
EOG Dec	−$1.98	$4.46	$5.89	$4.71	−$1.04	$7.99	$13.22	$13.00	$11.25	$9.12
BKR Dec	-	−$0.24	$0.45	$0.23	−$14.73	−$0.27	−$0.61	$1.91	$2.98	-
OXY Dec	−$0.75	$1.70	$5.39	−$1.22	−$17.06	$1.58	$12.40	$3.90	$2.44	$1.61
HAL Dec	−$6.69	−$0.53	$1.89	−$1.29	−$3.34	$1.63	-	-	-	-
DVN Dec	−$2.09	$1.70	$6.10	−$0.89	−$7.12	$4.19	$9.12	$5.84	-	$4.17
FANG Dec	−$2.20	$4.94	$8.06	$1.47	−$28.61	$12.24	$24.61	$17.34	$15.53	$5.73
KMI Dec	$0.25	$0.01	$0.66	$0.96	$0.05	$0.78	$1.12	$1.06	$1.17	$1.37
TRGP Dec	−$1.80	−$0.31	−$0.53	−$1.44	−$7.26	$3.88	-	$3.66	$5.74	$8.49
Peer median	−$1.89	$1.29	$2.78	$0.23	−$7.12	$3.35	$9.12	$4.69	$5.17	$5.42

Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out SLB and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →

Work on SLB in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/SLB/export.csv") into a cell.