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SLB

Schlumberger NV

NYSE: SLB · ENERGY · OIL & GAS EQUIPMENT & SERVICES

$55.70
+0.09% today

Updated 2026-04-29

Market cap
$85.04B
P/E ratio
25.06
P/S ratio
2.37x
EPS (TTM)
$2.27
Dividend yield
2.06%
52W range
$31 – $57
Volume
17.8M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Schlumberger NV (SLB) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$55.70
Consensus
$52.11
-6.45%
2030 Target
$390.58
+601.22%
DCF
$69.31
+25.61% MoS
20 analysts:
11 Buy1 Hold1 Sell

Management guidance

No specific CEO revenue targets disclosed in available data. Management is focused on Venezuela re-entry opportunities and digital platform expansion (Delfi platform 3-year Angola deal). Recent guidance indicates Middle East operations proceeding as planned despite regional volatility, but no explicit revenue CAGR or target revenue figures provided for 2026-2030.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$652.61
$49.5B Rev × 20x P/S
Base case (2030)
$390.58
$49.5B Rev × 12x P/S
Bear case (2030)
$262.03
$49.5B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$33.1B$36.3B$35.7B$37.4B$39.9B$42.6B$45.9B$49.5B
Revenue growth—9.5%-1.6%4.8%6.5%7.0%7.6%7.9%
EPS$2.99$3.41$2.79$2.94$3.48$3.92$4.41$4.95
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$296.64$316.42$336.19$360.91$390.58

Catalysts & risks

Growth catalysts
+ Venezuela re-entry as U.S. sanctions ease — potential multi-billion dollar revenue driver
+ Middle East regional recovery and Hormuz Strait normalization following Iran conflict de-escalation
+ Digital transformation via Delfi platform expansion (Angola 3-year deal, AI partnership with Nvidia)
+ OneSubsea deepwater contract awards (recent $1.5B Kuwait oil contract, Indonesia Tangkulo development)
+ ChampionX acquisition integration driving higher-margin chemical services revenue
+ Sensia JV dissolution allowing SLB to retain higher-margin lift control and digital solutions businesses
Key risks
- Oil price volatility and producer capex cuts — a $10/bbl drop reduces oilfield services demand by 15-20%
- Middle East geopolitical escalation (Iran-Israel tensions, Hormuz blockade risk) impacting operations
- U.S. onshore drilling slowdown reducing North American pressure pumping and wireline demand
- Analyst caution on Venezuela euphoria — execution risk and sanction reimposition potential
- Competitive pressure from Baker Hughes and Halliburton on margins
- Currency headwinds and exposure to international operations in weak-currency regions

Methodology

Schlumberger NV's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 20 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.