Key Stats for SLB Stock
- Price change for SLB stock today: 11%
- $SLB Stock Price as of Jul. 24: $52
- 52-Week High: $59
- $SLB Stock Price Target: $61
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What Happened?
SLB (SLB) posted Q2 earnings of $0.55 per share, beating the $0.51 analysts expected. That’s down from $0.74 a year ago, but it still marked a solid surprise of nearly 8%. This is now the fourth straight quarter SLB has beaten earnings estimates, a streak that’s helping build confidence in SLB stock.
Revenue also grew, coming in at $8.97 billion for the quarter, up from $8.55 billion last year and above the consensus estimate by close to 3%.
On the earnings call, management pointed to broad-based international growth and a rebound in North America as key drivers.
Revenue increased sequentially across nearly all divisions, excluding the Middle East, supported by stronger offshore activity in Latin America, higher demand across Europe, Africa, and Asia, and a pickup in U.S. land activity.
The Middle East remained a soft spot, with disruptions tied to the ongoing conflict weighing on results there.
Even so, the rest of the business more than made up for it, which is a big reason SLB stock is trading higher today.
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What the Market Is Telling Us About SLB Stock
Investors have already been rewarding SLB stock this year, with shares up about 30% in 2026 itself, well ahead of the S&P 500’s 8.2% gain.
Today’s beat and return to revenue growth adds more fuel to that trend, especially with management sounding confident about a gradual recovery in Middle East activity along with strength in offshore and digital business lines.
That said, it’s worth noting the current setup isn’t entirely rosy.
- Estimate revisions heading into this report were trending unfavorably.
- Looking ahead, analysts currently expect $0.65 per share on $9.12 billion in revenue next quarter, and $2.52 per share on $36.49 billion in revenue for the full year.
How those estimates shift in the coming days, now that the dust has settled on this report, will say a lot about where SLB stock heads next.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
