Market cap ($b) 62
2025 estimated revenue change +5%
2025 estimated sales ($b) 38
Legal name Schlumberger NV
After a stretch of soft oil and gas prices, energy investors are understandably fixated on data showing fewer drilling rigs being used for exploration, but expectations appear too pessimistic for the global oilfield services leader. About 30% of SLB’s business is centered on helping producers boost output from existing sites, and when the company closes its acquisition of production-chemicals maker ChampionX in early 2025, these businesses will approach 40% of revenue. —Scott Levine
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