Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products. It also offers subsurface geology and fluids evaluation information; open and cased hole services; exploration and production pressure, and flow-rate measurement services; and pressure pumping, well stimulation, and coiled tubing equipment solutions. In addition, the company offers mud logging, directional drilling, measurement-while-drilling, and logging-while-drilling services, as well as engineering support services; supplies drilling fluid systems; designs, manufactures, and markets roller cone and fixed cutter drill bits; bottom-hole-assembly and borehole enlargement technologies; well cementing products and services; well planning, well drilling, engineering, supervision, logistics, procurement, and contracting of third parties, as well as drilling rig management solutions; and drilling equipment and services, as well as land drilling rigs and related services. Further, it provides artificial lift production equipment and optimization services; supplies packers, safety valves, sand control technology, and various intelligent well completions technology and equipment; designs and manufactures valves, chokes, actuators, and surface trees; and OneSubsea, an integrated solutions, products, systems, and services, including wellheads, subsea trees, manifolds and flowline connectors, control systems, connectors, and services. The company was formerly known as Socie´te´ de Prospection E´lectrique. Schlumberger Limited was founded in 1926 and is based in Houston, Texas.

Schlumberger N.V.

Core Laboratories Inc. CLB reported second-quarter 2025 adjusted earnings of 19 cents per share, which beat the Zacks Consensus Estimate of 18 cents. However, the bottom line decreased from the year-ago quarter’s reported figure of 22 cents due to the underperformance of the Reservoir Description segment.
This oil-field service provider reported operating revenues of $130.2 million, beating the Zacks Consensus Estimate of $128 million. This can be attributed to the rebound of the maritime movement and trading of crude oil and the company’s associated laboratory assay services. However, the top line decreased marginally by 0.3% from the year-ago quarter’s $130.6 million due to decreased revenues from the Production Enhancement segment.
Core Laboratories Inc. Price, Consensus and EPS Surprise
During the second quarter, the company repurchased 237,632 shares of common stock for a total of $2.7 million. Additionally, CLB reduced its debt leverage ratio to 1.27 and net debt by $9.1 million.
During the second quarter of 2025, the company's leverage ratio (calculated as total net debt divided by trailing 12 months adjusted EBITDA) remained at the lowest level in eight years.
CLB’s Segmental Performance
Reservoir Description: Revenues in this segment remained flat in comparison to the year-ago quarter at $86.3 million. However, the top line beat our estimation of $85 million.
Operating income decreased from $11.79 million in the year-ago period to $10.84 million and missed our estimate of $11.18 million. This was due to a combination of multiple factors, like geopolitical conflicts and sanctions, and tariffs imposed in the month of January that resulted in volatility in commodity prices.
Production Enhancement: This segment’s revenues decreased marginally by 1% to $43.9 million from $44.3 million in the prior-year quarter. However, the top line beat our estimate of $43.4 million.
Operating income decreased from $4.52 million in the year-ago period to $3.77 million. However, the operating income from this segment beat our estimate of $2.24 million due to high-margin diagnostic services in the United States, both onshore and offshore, and improved international and domestic completion product sales.
Costs & Expenses of CLB
CLB reported total costs and expenses of $114.9 million in the second quarter, increasing marginally by 0.3% from the year-ago quarter’s level of $114.6 million. The figure was below our estimation of $115.1 million.
Details of CLB’s Financials & Dividends
As of June 30, 2025, the company had cash and cash equivalents of $31.2 million and long-term debt of $124.6 million. CLB’s debt-to-capitalization was 31.8%.
Net cash provided by operating activities in the second quarter totaled $13.9 million, while capital expenditure amounted to $3.5 million. This led to a positive free cash flow of $10.4 million.
Core Laboratories’ board of directors approved a quarterly dividend of 1 cent per share to its common shareholders of record as of Aug. 4, 2025. The payout, which remains unchanged from the previous quarter, will be made on Aug. 25.
Management Remarks & Outlook
Recent and upcoming U.S. tariffs, combined with OPEC+’s decision to raise oil production levels, have added to the volatility and uncertainty surrounding crude oil prices. Ongoing global trade negotiations and broader economic concerns continue to cloud the outlook for oil demand. In response, oil and gas companies are reassessing their short-term upstream investment strategies.
For the third quarter of 2025, CLB expects revenues to range from $127.5 million to $134.5 million. Operating income is anticipated to be between $13.6 million and $16.2 million, with earnings per share expected to be between 18 cents and 22 cents.
Revenues for the Reservoir Description segment are anticipated to be between $84 million and $88 million, with operating income ranging from $10.6 million to $12.4 million.
Revenues for the Production Enhancement segment are expected to be between $43.5 million and $46.5 million, with operating income predicted to be between $2.9 million and $3.7 million.
The company anticipates an effective tax rate of 25% for the third quarter. Its guidance for the third quarter of 2025 is based on estimations for underlying operations and excludes any gains or losses from foreign exchange.
Industry forecasts from the IEA, EIA and OPEC+ project a continued rise in global crude oil demand in 2025, estimated in the range of 0.7-1.3 million barrels per day. This growth is expected to be driven primarily by non-OECD countries in Asia, including India, as well as emerging markets in the Middle East and Africa.
International oil and gas developments, especially large-scale projects, are expected to show greater resilience to fluctuations in oil prices compared with domestic ventures. Core Laboratories anticipates stable activity in global upstream markets, particularly in the South Atlantic Margin, North and West Africa, Norway, the Middle East and parts of Asia Pacific. However, smaller, short-term oil projects are expected to be more vulnerable to declining or volatile crude oil prices, especially within the U.S. onshore market, where drilling and completion activities may be more heavily impacted.
Looking forward, Core Laboratories expects minimal disruption from the proposed tariffs, as more than 75% of its revenues come from services that are not currently subject to tariffs. Its product sales, accounting for less than 25% of total revenues, are largely manufactured in the United States, with about half consumed domestically in drilling and completion operations, and thus not affected by import duties.
Products exported to international customers may face tariffs, depending on the outcome of trade agreements. Additionally, some raw materials imported for U.S.-based manufacturing may be subject to U.S. tariffs. The company is proactively working on strategies to reduce the potential effects of these import duties.
Key Projects & Technology Advancements
Core Laboratories opened a new Unconventional Core Analysis Laboratory in Dammam, Saudi Arabia, in second-quarter 2025, supporting its strategy to expand globally and enhance services in key markets. The facility reinforces Core Laboratories’ leadership in reservoir optimization in the Middle East and features proprietary technologies like full visualization PVT cells, high-frequency reservoir-condition NMR and the PRISM workflow. These tools enable advanced rock and fluid analysis to support faster, data-driven client decisions.
Core Laboratories also completed an analytical program for a major IOC in Brazil’s Campos Basin, delivering geological and petrophysical insights. A technical workshop enhanced stratigraphic modeling, reducing subsurface risk and aiding well planning.
During the same period, Core Laboratories completed a challenging deepwater Plug and Abandonment project in the North Sea, addressing a well with 400 meters of stuck casing and barite buildup. Using its proprietary PAC system, Core Laboratories enabled precise annular access without harming the outer casing. The system’s controlled energetic design allowed safer, more efficient operations, avoiding costly pipe-cutting. This approach cut more than 10 days of rig time, saving the client an estimated $4 million.
Additionally, a West Texas operator used Core Laboratories’ 3AB tracer tech to compare proppant designs within a single well. The technology revealed production gains from the new design within 90 days, enabling faster, data-driven completion decisions.
Core Laboratoriescurrently has a Zacks Rank #4 (Sell).
Important Earnings at a Glance
While we have discussed CLB’s second-quarter results in detail, let us take a look at three other key reports.
A leading oilfield services company,Schlumberger Limited SLB, reported second-quarter 2025 adjusted earnings per share of 74 cents, a penny ahead of the Zacks Consensus Estimate. It recorded total quarterly revenues of $8.6 billion, which beat the Zacks Consensus Estimate of $8.5 billion. SLB’s robust numbers reflect international growth, strong digital revenues and rising demand for production systems.
SLB reported a free cash flow of $622 million in the second quarter. As of June 30, 2025, the company had approximately $3.75 billion in cash and short-term investments. It registered a long-term debt of $10.89 billion at the end of the quarter.
Another oil and gas equipment and services provider, Halliburton Company HAL, reported second-quarter 2025 adjusted net income per share of 55 cents, which was in line with the Zacks Consensus Estimate but below the year-ago quarter’s profit of 80 cents (adjusted). The numbers reflect softer activity in the North American region, partly offset by international growth. Meanwhile, revenues of $5.5 billion were 5.5% lower year over year but beat the Zacks Consensus Estimate by 1.1%.
As of June 30, 2025, the company had approximately $2 billion in cash/cash equivalents and $7.2 billion in long-term debt, representing a debt-to-capitalization ratio of 40.4. HAL bought back $250 million worth of its stock during the April-June period. The company generated $896 million of cash flow from operations in the second quarter, leading to a free cash flow of $582 million.
Energy infrastructure provider Kinder Morgan KMI reported second-quarter 2025 adjusted earnings per share of 28 cents, which met the Zacks Consensus Estimate. The bottom line increased year over year from 25 cents. Kinder Morgan’s quarterly revenues of $4 billion beat the Zacks Consensus Estimate of $3.9 billion. The better-than-expected quarterly earnings were primarily due to robust natural gas demand and higher contributions from its Natural Gas Pipelines and Terminals segments.
For 2025, Kinder Morgan reiterated its projected net income of $2.8 billion (up 8% from the 2024 level) and an adjusted EPS of $1.27 (up 10%). The company expects dividends of $1.17 per share, up 2% from the prior-year figure. Kinder Morgan also anticipates a budgeted adjusted EBITDA of $8.3 billion, up 4% from the previous year’s level.
#1 Semiconductor Stock to Buy (Not NVDA)
The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.
One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Core Laboratories Q2 Earnings Beat Estimates, Expenses Increase Y/Y

Schlumberger (SLB) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Over the past month, shares of this world's largest oilfield services company have returned -8%, compared to the Zacks S&P 500 composite's +3.6% change. During this period, the Zacks Oil and Gas - Field Services industry, which Schlumberger falls in, has lost 8.3%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings Estimates
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, Schlumberger is expected to post earnings of $0.83 per share, indicating a change of +15.3% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
The consensus earnings estimate of $3.51 for the current fiscal year indicates a year-over-year change of +17.8%. This estimate has remained unchanged over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $4.26 indicates a change of +21.3% from what Schlumberger is expected to report a year ago. Over the past month, the estimate has remained unchanged.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Schlumberger is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of Schlumberger, the consensus sales estimate of $9.07 billion for the current quarter points to a year-over-year change of +12%. The $37.18 billion and $41.19 billion estimates for the current and next fiscal years indicate changes of +12.2% and +10.8%, respectively.
Last Reported Results and Surprise History
Schlumberger reported revenues of $8.71 billion in the last reported quarter, representing a year-over-year change of +12.6%. EPS of $0.75 for the same period compares with $0.63 a year ago.
Compared to the Zacks Consensus Estimate of $8.68 billion, the reported revenues represent a surprise of +0.26%. The EPS surprise was +1.35%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates two times over this period.
Valuation
No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Schlumberger is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Schlumberger. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Top 5 Dividend Stocks for Your Retirement
Zacks targets 5 well-established companies with solid fundamentals and a history of raising dividends. More importantly, they have the resources and will to likely pay them in the future.
Click now for a Special Report packed with unconventional wisdom and insights you simply won’t get from your neighborhood financial planner.
See our Top 5 now – the report is FREE >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Schlumberger Limited (SLB) Is a Trending Stock: Facts to Know Before Betting on It

(RTTNews) - Schlumberger Ltd. (SLB), an energy technology company, on Tuesday announced that it has secured a technologies and services contract from the Northern Endurance Partnership for carbon storage site development in the North Sea.
The infrastructure will transport and permanently store up to an initial 4 million metric tons of CO2 per year with start-up expected in 2028.
The contract includes drilling, measurement, cementing, fluids, completions, wireline, and pumping services.
SLB will use its Sequestri carbon storage solutions portfolio featuring technologies designed for carbon storage site development to build six carbon storage wells.
NEP is a joint venture formed by bp, Equinor, and TotalEnergies. It is developing both onshore and offshore infrastructure to transport CO2 from carbon capture projects in Teesside and the Humber, together called the East Coast Cluster, for permanent storage under the North Sea.
Schlumberger is 0.34% higher at $33.66 on the New York Stock Exchange.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

SLB Secures Carbon Storage Contract From NEP For North Sea Project

Schlumberger Limited (NYSE:SLB) reported Q2 2025 earnings on July 18, 2025, with revenue of $8.5 billion, adjusted EBITDA margin of 24%, and EPS of $0.74 (excluding charges and credits).
Management announced the completed acquisition of ChampionX and provided second-half 2025 guidance for total revenue of $18.2 billion to $18.8 billion and flat adjusted EBITDA margins in the second half of 2025 compared to Q2, setting expectations for significant integration and synergy realization in the near term.
ChampionX Acquisition: Scale and Synergies Transform Production Portfolio
This transaction closed in July and brings ChampionX’s $850 million in revenue and $190 million in adjusted EBITDA into Schlumberger starting August 1. The transaction is expected to deliver $400 million in annual pre-tax synergies within three years of closing -- 75% from cost savings, including substantial supply chain efficiencies realized beyond just the acquired base, and $100 million in annual revenue synergies.
Management intends to report ChampionX’s revenues under the newly formed digital segment, reflecting a narrower definition than prior ChampionX disclosures.
"We are now even more comfortable with our initial assessment that we will be able to generate $400 million of annual pretax synergies within the first three years after closing. The largest portion will come from cost synergies, which represent approximately 75% of the $400 million. Roughly half of these cost synergies will come from supply chain savings, which will be generated not only from ChampionX operations but also from Schlumberger Limited's existing cost base, including the chemical spend in our legacy businesses. The other half of the cost synergies will come from operating costs and G&A savings."
— Stephane Biguet, Chief Financial Officer
This step-function portfolio enhancement reduces cyclicality, increases margin potential, and creates white space for differentiated, integrated solutions—reshaping the company’s long-term cash generation capability by aligning with secular OPEX spend and digital trends across upstream markets.
Margin Resilience and Efficiency Amid Global Volatility
Despite challenging macro conditions—including regional drilling contractions, headcount reductions, and non-repeat Canada and US offshore data sales—adjusted EBITDA margin of 24% expanded by 21 basis points sequentially, with segment operating margins rising to 18.5%.
Sequential revenue growth in artificial lift and midstream production systems helped offset North American and offshore softness, while divestment of the high-margin Palliser asset and M&A integration charges did not disrupt underlying operational leverage.
"Our pretax segment operating margins increased 20 basis points sequentially to 18.5%, as margins increased in three of our four divisions. Companywide adjusted EBITDA margin for the second quarter was 24%, representing a sequential increase of 21 basis points."
— Stephane Biguet, Chief Financial Officer
The ability to maintain and slightly grow margins, despite regional revenue declines and market volatility, demonstrates that the operating model’s diversity and scale are enabling earnings stability and absorbing near-term shocks, as reflected by a sequential increase in companywide adjusted EBITDA margin to 24% (non-GAAP).
Accelerating Digital Segment Growth, Reporting, and Structural Visibility
Double-digit year-on-year user growth of the cloud-first Delfi platform and sustained expansion in digital operation applications are prompting the separation of digital results as a standalone segment beginning in Q3 2025. Digital and Integration revenues were $1 billion, with divisional margin expansion of 240 basis points to 32.8%, and cloud CPU hours surged by 50% year-on-year to 40 million, facilitated by strong customer adoption of SaaS, AI, and well-planning tools.
"I am pleased to announce that we will start reporting the results of our digital business as a separate segment beginning in the third quarter."
— Stephane Biguet, Chief Financial Officer
This transparency unlocks discrete valuation for the high-growth, high-margin digital franchise.
Looking Ahead
Management forecasts H2 2025 revenue between $18.2 billion and $18.8 billion, steady legacy revenues, and a strong year-end digital uplift; Q4 revenue is expected to be high single digits above Q3 due to a full ChampionX quarter and seasonal digital sales.
Companywide adjusted EBITDA margins (non-GAAP) will remain flat with Q2 (24%), as 20–40 basis points of tariff headwinds offset potential margin expansion from integration, and approximately half of the $400 million in synergies are targeted for realization within 18 months of closing the ChampionX transaction.
The rollout of separate digital segment reporting begins in Q3, while free cash flow is projected to be materially higher in the second half on improved collections and lower inventories.
Where to invest $1,000 right now
When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor’s total average return is 1,048%* — a market-crushing outperformance compared to 180% for the S&P 500.
They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor.
*Stock Advisor returns as of July 21, 2025
This article was created using Large Language Models (LLMs) based on The Motley Fool's insights and investing approach. It has been reviewed by our AI quality control systems. Since LLMs cannot (currently) own stocks, it has no positions in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Schlumberger Q2 Earnings Climb on Merger

On July 17, 2025, SLB's Board of Directors approved a quarterly cash dividend of $0.285 per share of outstanding common stock, payable on October 9, 2025, to stockholders of record on September 3, 2025.
The Board of Directors of Air Products today declared a quarterly dividend of $1.79 per share of common stock. The dividend is payable on November 10, 2025 to shareholders of record at the close of business on October 1, 2025.
Qualcomm today announced a quarterly cash dividend of $0.89 per common share, payable on September 25, 2025, to stockholders of record at the close of business on September 4, 2025.
Coca-Cola today declared a regular quarterly dividend of 51 cents per common share, payable Oct. 1 to shareowners of record of the company as of the close of business Sept. 15.
The board of directors of Texas Instruments today declared a quarterly cash dividend of $1.36 per share of common stock, payable August 12, 2025, to stockholders of record on July 31, 2025.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Daily Dividend Report: SLB,APD,QCOM,KO,TXN

Data is currently not available
Edit My Quotes
Add up to 25 symbols
To add symbols:
Type a symbol or company name. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return.
Copy and paste multiple symbols separated by spaces.
These symbols will be available throughout the site during your session.
Data is currently not available
Edit My European Quotes
Add up to 25 instruments
To add instruments:
Type a instrument or company name. When the instrument you want to add appears, add it to My European Quotes by selecting it and pressing Enter/Return.
Copy and paste multiple instruments separated by spaces.
These instruments will be available throughout the site during your session.
Data is currently not available
Your symbols have been updated
You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com.
Data is currently not available
Edit Watchlist
Add up to 20 symbols
To add symbols:
Type a symbol or company name. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return.
Copy and paste multiple symbols separated by spaces.
These symbols will be available throughout the site during your session.
Data is currently not available
Opt in to Smart Portfolio
We are currently experiencing technical difficulties, please try again.
Smart Portfolio is supported by our partner TipRanks. By connecting my portfolio to TipRanks Smart Portfolio I agree to their Terms of Use.

Schlumberger (SLB) Q2 2025 Earnings Transcript

SLB’s stock (NYSE: SLB) is set to report its fiscal second-quarter earnings on Friday, July 18, 2025. Analysts predict that the company will report earnings of $0.75 per share on $8.51 billion in sales. This would represent a 4% decline in earnings and a 7% fall in sales compared to the previous year’s figures of $0.78 per share and $9.15 billion, respectively. Historically, the stock has increased following earnings 50% of the time, with a median one-day rise of 2.1% and a maximum growth of 10%.
SLB delivered mixed Q1 2025 results with revenue down 3% to $8.5B and net income falling 25% to $797M. North America revenue rose 8% while international markets declined 5% in Q1. SLB’s $8B all-stock acquisition of ChampionX received final UK regulatory approval on July 15, clearing the last hurdle for the deal to close on Wednesday. The merger, already cleared in the U.S., will integrate ChampionX’s chemicals and automation into SLB’s production systems.
The company has $48 Bil in current market capitalization. Revenue over the last twelve months was $36 Bil, and it was operationally profitable with $6.3 Bil in operating profits and net income of $4.2 Bil. While a lot will depend on how results stack up against consensus and expectations, understanding historical patterns might turn the odds in your favor if you are an event-driven trader.
For event-driven traders, historical patterns may offer an edge, whether by positioning ahead of earnings or reacting to post-release moves. That said, if you seek upside with lower volatility than individual stocks, the Trefis High-Quality portfolio presents an alternative, having outperformed the S&P 500 and generated returns exceeding 91% since its inception. See earnings reaction history of all stocks.
SLB’s Historical Odds Of Positive Post-Earnings Return
Some observations on one-day (1D) post-earnings returns:
There are 20 earnings data points recorded over the last five years, with 10 positive and 10 negative one-day (1D) returns observed. In summary, positive 1D returns were seen about 50% of the time.
However, this percentage decreases to 42% if we consider data for the last 3 years instead of 5.
Median of the 10 positive returns = 2.1%, and median of the 10 negative returns = -2.2%
Additional data for observed 5-Day (5D), and 21-Day (21D) returns post earnings are summarized along with the statistics in the table below.
Correlation Between 1D, 5D, and 21D Historical Returns
A relatively less risky strategy (though not useful if the correlation is low) is to understand the correlation between short-term and medium-term returns post earnings, find a pair that has the highest correlation, and execute the appropriate trade. For example, if 1D and 5D show the highest correlation, a trader can position themselves “long” for the next 5 days if 1D post-earnings return is positive. Here is some correlation data based on 5-year and 3-year (more recent) history. Note that the correlation 1D_5D refers to the correlation between 1D post-earnings returns and subsequent 5D returns.
Learn more about Trefis RV strategy that has outperformed its all-cap stocks benchmark (combination of all 3, the S&P 500, S&P mid-cap, and Russell 2000), to produce strong returns for investors.
Invest with Trefis Market-Beating Portfolios
See all Trefis Price Estimates
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

SLB Prepares to Report Q2 Amid Weak Forecasts and Merger Milestone

SLB SLB reported second-quarter 2025 earnings of 74 cents per share (excluding charges and credits), which beat the Zacks Consensus Estimate of 73 cents. The bottom line decreased from the year-ago quarter’s level of 85 cents. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
The oilfield service giant recorded total quarterly revenues of $8.55 billion, which beat the Zacks Consensus Estimate of $8.49 billion. The top line declined from the year-ago quarter’s figure of $9.14 billion.
The better-than-expected quarterly results were primarily driven by international growth, strong digital revenues and rising demand for production systems.
Schlumberger Limited Price, Consensus and EPS Surprise
Segmental Performance
Revenues in the Digital & Integration unit totaled $995 million, down 5% from the year-ago quarter’s level. Pre-tax operating income of $327 million was up from $325 million a year ago. The figure missed the Zacks Consensus Estimate of $330 million.
The unit's revenues decreased year over year, primarily due to lower APS revenues in Canada.
Revenues in the Reservoir Performance unit decreased 7% year over year to $1.69 billion. Pre-tax operating income totaled $314 million, which decreased 16% year over year. The figure beat the Zacks Consensus Estimate of $297 million. The revenues were affected due to a slowdown in evaluation and simulation activity across international markets, partially offset by strong intervention activity.
The Well Construction segment’s revenues fell 13% from the year-earlier quarter’s level to $2.96 billion. Pre-tax operating income decreased 26% to $551 million and the Zacks Consensus Estimate for the same was pegged at $551 million. This was due to lower drilling activity in Mexico, Namibia, Saudi Arabia, North America, Guyana and India. This was partially offset by stronger performance in the United Arab Emirates and North Africa.
Revenues in the Production Systems segment amounted to $3.04 billion, up from $3.03 billion a year ago. Pre-tax operating income improved 5% year over year to $499 million, which beat the Zacks Consensus Estimate of $488 million. The segment benefited from strong demand for data center infrastructure solutions, artificial lift and completions, largely offset by reduced sales of subsea production systems and valves.
Cash Flow & Financials
SLB reported a free cash flow of $622 million in the second quarter.
As of June 30, 2025, the company had approximately $3.75 billion in cash and short-term investments. It registered a long-term debt of $10.89 billion at the end of the quarter.
SLB’s full-year 2025 capital investment (including capex, exploration data costs and APS investments) guidance is approximately $2.4 billion. The projected figure is lower than the 2024 level of $2.6 billion.
SLB’s Zacks Rank & Stocks to Consider
SLB currently carries a Zacks Rank #5 (Strong Sell).
Investors interested in the energy sector may look at a few better-ranked stocks like MPLX LP MPLX, Antero Midstream Corporation AM and W&T Offshore, Inc. WTI, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
MPLX appears to be a strong long-term investment, as it generates steady income from fixed-fee contracts rather than relying on fluctuating oil and gas prices. It owns and operates key pipelines and processing facilities, positioning it well to grow as U.S. oil and gas production increases, particularly in active regions such as the Permian, Marcellus and Utica.
The Zacks Consensus Estimate for MPLX’s 2025 EPS is pegged at $4.44. The company has a Value Score of B.
Antero Midstream generates stable cash flow by providing midstream services under long-term contracts with Antero Resources. The company prioritizes debt reduction by effectively utilizing free cash flow after dividends. Antero Midstream’s higher dividend yield, compared to its sub-industry peers, reflects its commitment to generating shareholder returns.
The Zacks Consensus Estimate for AM’s 2025 EPS is pegged at 96 cents.
W&T Offshore benefits from its prolific Gulf of America assets, which offer low decline rates, strong permeability and significant untapped reserves. The company’s acquisition of six shallow-water fields in the GoA added 18.7 million barrels of proved reserves and 60.6 million barrels of proved plus probable reserves. The firm is focused on strategically allocating capital toward organic projects, which should boost its production outlook. WTI has a Value Score of B.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They include
Stock #1: A Disruptive Force with Notable Growth and Resilience
Stock #2: Bullish Signs Signaling to Buy the Dip
Stock #3: One of the Most Compelling Investments in the Market
Stock #4: Leader In a Red-Hot Industry Poised for Growth
Stock #5: Modern Omni-Channel Platform Coiled to Spring
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%.
Download Atomic Opportunity: Nuclear Energy's Comeback free today.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

SLB Q2 Earnings & Revenues Beat Estimates on Digital Strength

Schlumberger (SLB) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +1.37%. A quarter ago, it was expected that this world's largest oilfield services company would post earnings of $0.74 per share when it actually produced earnings of $0.72, delivering a surprise of -2.7%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Schlumberger, which belongs to the Zacks Oil and Gas - Field Services industry, posted revenues of $8.55 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.71%. This compares to year-ago revenues of $9.14 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Schlumberger shares have lost about 9.6% since the beginning of the year versus the S&P 500's gain of 7.1%.
What's Next for Schlumberger?
While Schlumberger has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Schlumberger was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.77 on $9.28 billion in revenues for the coming quarter and $3.03 on $35.81 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the bottom 4% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Helix Energy (HLX), is yet to report results for the quarter ended June 2025. The results are expected to be released on July 23.
This offshore oil and gas services contractor is expected to post quarterly earnings of $0.01 per share in its upcoming report, which represents a year-over-year change of -95.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Helix Energy's revenues are expected to be $326.27 million, down 10.6% from the year-ago quarter.
Should You Invest in Schlumberger Limited (SLB)?
Before you invest in Schlumberger Limited (SLB), want to know the best stocks to buy for the next 30 days? Check out Zacks Investment Research for our free report on the 7 best stocks to buy.
Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Schlumberger (SLB) Surpasses Q2 Earnings and Revenue Estimates

(RTTNews) - Schlumberger Ltd. (SLB) revealed earnings for second quarter that Decreased from last year and missed the Street estimates.
The company's earnings totaled $1.014 billion, or $0.74 per share. This compares with $1.112 billion, or $0.77 per share, last year.
Excluding items, Schlumberger Ltd. reported adjusted earnings of $1.016 billion or $0.74 per share for the period.
Analysts on average had expected the company to earn $0.75 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 6.5% to $8.546 billion from $9.139 billion last year.
Schlumberger Ltd. earnings at a glance (GAAP) :
-Earnings: $1.014 Bln. vs. $1.112 Bln. last year. -EPS: $0.74 vs. $0.77 last year. -Revenue: $8.546 Bln vs. $9.139 Bln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Schlumberger N.V.

Sign up and get access to the forecasts, "shares 360" and dividend history