SLB
Schlumberger NV
NYSE: SLB · ENERGY · OIL & GAS EQUIPMENT & SERVICES
$56.18
+0.32% today
Updated 2026-06-12
Market cap
$83.54B
P/E ratio
24.61
P/S ratio
2.33x
EPS (TTM)
$2.27
Dividend yield
2.03%
52W range
$31 – $59
Volume
14.4M
Schlumberger NV (SLB) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed SLB price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$56.18
Today
Analyst consensus
$61.39
+9.27% · 12M
2030 Base
$41.74
-25.70% future
NPV today
$28.66
@ 9% WACC
29 analysts:
19 Buy2 Hold2 Sell
Management guidance
SLB management has not issued specific 2026-2030 revenue targets in recent guidance. Q1 2026 earnings call noted Middle East disruptions from Iran conflict costing $0.09 EPS but framed as temporary headwind. CEO emphasized AI infrastructure expansion with NVIDIA partnership and digital business double-digit growth momentum. Long-term trajectory tied to upstream capex recovery and energy transition infrastructure (subsea, LNG).
Sources: Management guidance, analyst consensus, sector analysishigh confidence
SLB · Schlumberger NV · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$41.74
NPV today: $28.66
Base case (2030)
$41.74
NPV today: $28.66
Bull case (2030)
$75.90
NPV today: $52.11
WallStSmart.com
SLB financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $35.7B | $37.9B | $41.2B | $45.1B | $48.8B | $51.9B |
| Revenue growth | -1.6% | 6.0% | 8.9% | 9.4% | 8.2% | 6.3% |
| Net margin | — | 10.9% | 12.7% | 13.6% | 14.0% | 14.3% |
| EPS | $2.60 | $2.75 | $3.48 | $4.05 | $4.52 | $4.88 |
| Diluted shares | — | 1501M | 1506M | 1510M | 1515M | 1519M |
| Net debt | — | $4.24B | $768.05M | $-3.03B | $-7.14B | $-11.51B |
| P/S multiple | — | 1.0x | 1.0x | 1.0x | 1.0x | 1.0x |
| Implied price (base) | — | $22.39 | $26.86 | $31.87 | $36.93 | $41.74 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $51.9B | $51.9B | $51.9B |
| P/S multiple | 1.0x | 1.0x | 2.0x |
| Diluted shares | 1519M | 1519M | 1519M |
| Net debt | $-11.51B | $-11.51B | $-11.51B |
| Implied P/E † | 9x | 9x | 16x |
| 2030 Price | $41.74 | $41.74 | $75.90 |
| NPV @ 9% | $28.66 | $28.66 | $52.11 |
† Implied P/E: Multiples remain elevated across all three scenarios because SLB is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $41.74 base case
SLB catalysts and risks
Growth catalysts
+ Global upstream capex acceleration post-Iran conflict (crude sustained $85-105 range supports 2+ years of CapEx commitment)
+ AI-driven digital transformation monetization (SLB-NVIDIA partnership, software revenue licensing expansion)
+ Middle East recovery post-geopolitical stabilization (OneSubsea contracts awarded, subsea infrastructure buildout in Guyana, Suriname, Angola)
+ Energy transition infrastructure (floating offshore wind, hydrogen, CCS adoption)
+ ChampionX integration synergies and software margin expansion
Key risks
- Crude oil price collapse below $70/bbl would trigger upstream CapEx pullback (35-40% of industry revenue at risk)
- Gross margin pressure (currently 16.6%, below peer average 18-20%) constrains EPS upside despite revenue growth
- Geopolitical disruptions in Middle East, Southeast Asia operational concentration (Iran, Yemen, Strait of Hormuz)
- Competitive intensity from Baker Hughes, Halliburton in pressure pumping and completions
- Subsea project delays and cost inflation in deepwater developments (multi-year contract execution risk)
Methodology · Schlumberger NV 2030 stock forecast model
Schlumberger NV 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 29 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (2% cumulative for SLB by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($-11.51B by 2030) |
| 3. Time value | NPV calculated using 9% WACC (CAPM: beta 0.731) |
| 4. Multiple framework | P/S compresses with scale: bear 1.0x / base 1.0x / bull 2.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 21, 2026.
SLB price target FAQ
What is the SLB price target for 2030?
WallStSmart's Schlumberger NV 2030 base case is $41.74 per share, with a bull case of $75.90 and bear case of $41.74. The NPV of the base case discounted to today at 9% WACC is $28.66.
How is the Schlumberger NV 2030 stock forecast calculated?
The SLB 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the SLB price target account for dilution?
Schlumberger NV is projected to grow diluted share count from 1495M to 1519M by 2030 (a 2% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 2%.
What is the analyst consensus on SLB stock?
29 analysts cover SLB with an average 12-month price target of $61.39. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.