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Schlumberger

NYSE:SLB
Snowflake Description

Established dividend payer with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SLB
NYSE
$61B
Market Cap
  1. Home
  2. US
  3. Energy
Company description

Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The last earnings update was 56 days ago. More info.


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SLB Share Price and Events
7 Day Returns
2.6%
NYSE:SLB
2.5%
US Energy Services
1.2%
US Market
1 Year Returns
-34.6%
NYSE:SLB
-27.2%
US Energy Services
3%
US Market
SLB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Schlumberger (SLB) 2.6% -1.5% 22.3% -34.6% -39.3% -53.6%
US Energy Services 2.5% -1.3% 18.3% -27.2% -34% -60.8%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • SLB underperformed the Energy Services industry which returned -27.2% over the past year.
  • SLB underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
SLB
Industry
5yr Volatility vs Market

SLB Value

 Is Schlumberger undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Schlumberger to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Schlumberger.

NYSE:SLB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 30 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:SLB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.039 (1 + (1- 21%) (29.04%))
1.186
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.186 * 5.96%)
9.8%

Discounted Cash Flow Calculation for NYSE:SLB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Schlumberger is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:SLB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.8%)
2019 2,991.20 Analyst x14 2,724.31
2020 3,838.99 Analyst x12 3,184.48
2021 4,672.37 Analyst x4 3,529.96
2022 4,975.10 Analyst x1 3,423.30
2023 5,234.55 Est @ 5.22% 3,280.46
2024 5,468.51 Est @ 4.47% 3,121.29
2025 5,684.39 Est @ 3.95% 2,955.02
2026 5,888.02 Est @ 3.58% 2,787.77
2027 6,083.90 Est @ 3.33% 2,623.49
2028 6,275.40 Est @ 3.15% 2,464.62
Present value of next 10 years cash flows $30,094.71
NYSE:SLB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $6,275.40 × (1 + 2.73%) ÷ (9.8% – 2.73%)
$91,227.36
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $91,227.36 ÷ (1 + 9.8%)10
$35,828.97
NYSE:SLB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $30,094.71 + $35,828.97
$65,923.67
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $65,923.67 / 1,385.97
$47.56
NYSE:SLB Discount to Share Price
Calculation Result
Value per share (USD) From above. $47.56
Current discount Discount to share price of $44.29
= -1 x ($44.29 - $47.56) / $47.56
6.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Schlumberger is available for.
Intrinsic value
7%
Share price is $44.29 vs Future cash flow value of $47.56
Current Discount Checks
For Schlumberger to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Schlumberger's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Schlumberger's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Schlumberger's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Schlumberger's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:SLB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $1.54
NYSE:SLB Share Price ** NYSE (2019-03-20) in USD $44.29
United States of America Energy Services Industry PE Ratio Median Figure of 26 Publicly-Listed Energy Services Companies 18.45x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Schlumberger.

NYSE:SLB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:SLB Share Price ÷ EPS (both in USD)

= 44.29 ÷ 1.54

28.69x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Schlumberger is overvalued based on earnings compared to the US Energy Services industry average.
  • Schlumberger is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Schlumberger's expected growth come at a high price?
Raw Data
NYSE:SLB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 28.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 30 Analysts
22.2%per year
United States of America Energy Services Industry PEG Ratio Median Figure of 22 Publicly-Listed Energy Services Companies 0.75x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

NYSE:SLB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 28.69x ÷ 22.2%

1.29x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Schlumberger is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Schlumberger's assets?
Raw Data
NYSE:SLB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $26.15
NYSE:SLB Share Price * NYSE (2019-03-20) in USD $44.29
United States of America Energy Services Industry PB Ratio Median Figure of 88 Publicly-Listed Energy Services Companies 1.02x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
NYSE:SLB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:SLB Share Price ÷ Book Value per Share (both in USD)

= 44.29 ÷ 26.15

1.69x

* Primary Listing of Schlumberger.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Schlumberger is overvalued based on assets compared to the US Energy Services industry average.
X
Value checks
We assess Schlumberger's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check)
  5. Schlumberger has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SLB Future Performance

 How is Schlumberger expected to perform in the next 1 to 3 years based on estimates from 30 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
22.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Schlumberger expected to grow at an attractive rate?
  • Schlumberger's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Schlumberger's earnings growth is expected to exceed the United States of America market average.
  • Schlumberger's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:SLB Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:SLB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 30 Analysts 22.2%
NYSE:SLB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 30 Analysts 6.5%
United States of America Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 40%
United States of America Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 6.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:SLB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 30 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:SLB Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 45,331 9,525 5,551 1
2021-12-31 40,137 8,048 4,752 10
2020-12-31 36,770 6,773 3,332 30
2019-12-31 33,331 5,643 2,234 30
NYSE:SLB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 32,815 5,713 2,138
2018-09-30 32,815 5,633 -655
2018-06-30 32,215 5,704 -755
2018-03-31 31,375 5,575 -1,259
2017-12-31 30,440 5,663 -1,505
2017-09-30 29,368 5,425 544
2017-06-30 28,482 4,933 177
2017-03-31 28,184 5,707 -1,909
2016-12-31 27,810 6,261 -1,687
2016-09-30 28,447 6,426 -2,498
2016-06-30 29,901 7,563 -1,686
2016-03-31 31,747 8,012 1,598

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Schlumberger's earnings are expected to grow significantly at over 20% yearly.
  • Schlumberger's revenue is expected to grow by 6.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:SLB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 30 Analyst Estimates (S&P Global) See Below

All data from Schlumberger Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:SLB Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 4.10 4.10 4.10 1.00
2021-12-31 3.54 3.92 2.90 5.00
2020-12-31 2.47 3.32 1.83 15.00
2019-12-31 1.61 1.95 1.45 15.00
NYSE:SLB Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 1.54
2018-09-30 -0.47
2018-06-30 -0.54
2018-03-31 -0.91
2017-12-31 -1.08
2017-09-30 0.39
2017-06-30 0.13
2017-03-31 -1.37
2016-12-31 -1.24
2016-09-30 -1.89
2016-06-30 -1.31
2016-03-31 1.27

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Schlumberger is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Schlumberger's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Schlumberger has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SLB Past Performance

  How has Schlumberger performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Schlumberger's growth in the last year to its industry (Energy Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Schlumberger's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Schlumberger has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Schlumberger has become profitable in the last year making it difficult to compare the US Energy Services industry average.
Earnings and Revenue History
Schlumberger's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Schlumberger Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:SLB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 32,815.00 2,138.00 444.00 702.00
2018-09-30 32,815.00 -655.00 439.00 716.00
2018-06-30 32,215.00 -755.00 449.00 728.00
2018-03-31 31,375.00 -1,259.00 445.00 748.00
2017-12-31 30,440.00 -1,505.00 432.00 787.00
2017-09-30 29,368.00 544.00 421.00 857.00
2017-06-30 28,482.00 177.00 398.00 921.00
2017-03-31 28,184.00 -1,909.00 391.00 983.00
2016-12-31 27,810.00 -1,687.00 403.00 1,012.00
2016-09-30 28,447.00 -2,498.00 437.00 1,025.00
2016-06-30 29,901.00 -1,686.00 468.00 1,045.00
2016-03-31 31,747.00 1,598.00 485.00 1,067.00
2015-12-31 35,475.00 2,072.00 494.00 1,094.00
2015-09-30 40,372.00 3,390.00 484.00 1,143.00
2015-06-30 44,544.00 4,350.00 486.00 1,170.00
2015-03-31 47,589.00 5,026.00 488.00 1,200.00
2014-12-31 48,580.00 5,643.00 475.00 1,217.00
2014-09-30 47,845.00 7,005.00 464.00 1,197.00
2014-06-30 46,808.00 6,770.00 448.00 1,182.00
2014-03-31 45,935.00 7,190.00 427.00 1,166.00
2013-12-31 45,266.00 6,801.00 416.00 1,174.00
2013-09-30 44,443.00 6,451.00 416.00 1,174.00
2013-06-30 43,333.00 6,097.00 402.00 1,180.00
2013-03-31 42,492.00 5,205.00 402.00 1,174.00
2012-12-31 41,731.00 5,230.00 405.00 1,153.00
2012-09-30 40,949.00 5,313.00 402.00 1,122.00
2012-06-30 39,997.00 5,238.00 395.00 1,096.00
2012-03-31 38,646.00 5,016.00 433.00 1,090.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Schlumberger has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Schlumberger used its assets less efficiently than the US Energy Services industry average last year based on Return on Assets.
  • Schlumberger's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Schlumberger's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Schlumberger has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SLB Health

 How is Schlumberger's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Schlumberger's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Schlumberger is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Schlumberger's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Schlumberger's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Schlumberger Company Filings, last reported 2 months ago.

NYSE:SLB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 36,586.00 17,827.00 2,777.00
2018-09-30 36,948.00 17,374.00 2,854.00
2018-06-30 36,897.00 17,601.00 3,049.00
2018-03-31 37,326.00 18,112.00 4,165.00
2017-12-31 37,261.00 18,199.00 5,089.00
2017-09-30 40,010.00 17,204.00 4,952.00
2017-06-30 39,952.00 18,852.00 6,218.00
2017-03-31 41,054.00 19,024.00 7,353.00
2016-12-31 41,529.00 19,616.00 9,257.00
2016-09-30 42,574.00 21,309.00 10,756.00
2016-06-30 42,979.00 21,658.00 11,192.00
2016-03-31 35,662.00 21,514.00 14,432.00
2015-12-31 35,905.00 19,021.00 13,034.00
2015-09-30 38,179.00 12,272.00 6,605.00
2015-06-30 38,185.00 13,361.00 7,274.00
2015-03-31 37,866.00 12,786.00 6,803.00
2014-12-31 38,049.00 13,372.00 7,501.00
2014-09-30 40,687.00 13,092.00 6,759.00
2014-06-30 40,702.00 13,245.00 6,699.00
2014-03-31 40,180.00 12,489.00 7,078.00
2013-12-31 39,635.00 13,176.00 8,370.00
2013-09-30 38,031.00 12,414.00 6,435.00
2013-06-30 37,048.00 11,956.00 5,925.00
2013-03-31 35,781.00 11,100.00 5,561.00
2012-12-31 34,858.00 11,630.00 6,276.00
2012-09-30 34,311.00 11,189.00 4,764.00
2012-06-30 32,967.00 10,474.00 3,500.00
2012-03-31 32,488.00 10,167.00 4,085.00
  • Schlumberger's level of debt (48.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (33.2% vs 48.7% today).
  • Debt is well covered by operating cash flow (32%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.2x coverage).
X
Financial health checks
We assess Schlumberger's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Schlumberger has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SLB Dividends

 What is Schlumberger's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.52%
Current annual income from Schlumberger dividends. Estimated to be 4.57% next year.
If you bought $2,000 of Schlumberger shares you are expected to receive $90 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Schlumberger's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Schlumberger's dividend is above the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:SLB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 30 Analyst Estimates (S&P Global) See Below
United States of America Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 3.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:SLB Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 2.09 6.00
2020-12-31 2.03 20.00
2019-12-31 2.00 22.00
NYSE:SLB Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-18 2.000 4.545
2018-07-20 2.000 3.844
2018-04-25 2.000 2.913
2018-04-20 2.000 2.904
2017-10-20 2.000 2.990
2017-07-21 2.000 3.016
2017-01-20 2.000 2.697
2016-10-20 2.000 2.414
2016-07-27 2.000 2.508
2016-07-21 2.000 2.483
2016-04-27 2.000 2.589
2016-04-21 2.000 2.508
2015-10-15 2.000 2.753
2015-07-16 2.000 2.591
2015-04-16 2.000 2.235
2015-01-15 2.000 2.374
2014-10-16 1.600 1.795
2014-07-17 1.600 1.527
2014-04-17 1.600 1.508
2014-01-16 1.600 1.733
2013-10-17 1.250 1.390
2013-07-18 1.250 1.474
2013-04-18 1.250 1.685
2013-01-17 1.250 1.630
2012-10-18 1.100 1.554
2012-07-19 1.100 1.507
2012-04-19 1.100 1.651
2012-01-19 1.100 1.481
2011-10-20 1.000 1.410
2011-07-21 1.000 1.372
2011-04-21 1.000 1.175
2011-01-21 1.000 1.121
2010-10-21 0.840 1.075
2010-07-22 0.840 1.405
2010-04-22 0.840 1.385
2010-01-21 0.840 1.305
2009-10-22 0.840 1.289
2009-07-23 0.840 1.445
2009-04-23 0.840 1.551
2009-03-23 0.840 1.890

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Schlumberger's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess Schlumberger's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Schlumberger afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Schlumberger has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SLB Management

 What is the CEO of Schlumberger's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Paal Kibsgaard
COMPENSATION $16,199,200
AGE 50
TENURE AS CEO 7.6 years
CEO Bio

Mr. Paal Kibsgaard has been the Chairman of the Board at Schlumberger Ltd since April 2015 and it's Chief Executive Officer since August 1, 2011. Mr. Kibsgaard served as the Chief Operating Officer of Schlumberger Ltd. from February 2010 to July 2011 and also served as its Group President of Reservoir Characterization since May 2009 and as Vice President of Personnel from April 2006 to November 2007. Mr. Kibsgaard served as President of Drilling & Measurements of Schlumberger Oilfield Services - Technologies (OFS) of Schlumberger Ltd., since February 2003 until April 2006. Mr. Kibsgaard was responsible for setting goals, direction and policies as well as managing the performance of this division within the Schlumberger Technology Corporation. He served as Vice President of Engineering, Manufacturing and Sustaining at Schlumberger Limited since November 2007 until May 2009. He served as the Wireline open hole business development manager based in Paris, responsible for product development and market introduction of new technology. In his previous position, Mr. Kibsgaard was the OFS Geomarket manager for the Caspian Geomarket (CAG). Based in Atyrau, Kazakhstan, he was responsible for setting up the CAG Geomarket structure and positioning all the Schlumberger Oilfield Services segments for the exciting future of Caspian Oil and Gas exploration and development activity. His earlier assignments included OFS Marketing in Paris and Wireline marketing manager in Scandinavia, based in Stavanger. He joined Schlumberger as an ID reservoir engineer in Saudi Arabia in 1997. Mr. Kibsgaard worked for ExxonMobil, with postings in Norway and Australia. He has been a Director of Schlumberger Ltd. since April 6, 2011. He holds a Master's degree in Petroleum Engineering from the Norwegian Institute of Technology, Trondheim.

CEO Compensation
  • Paal's compensation has been consistent with company performance over the past year.
  • Paal's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Schlumberger management team in years:

6.3
Average Tenure
53
Average Age
  • The average tenure for the Schlumberger management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Paal Kibsgaard

TITLE
Chairman of the Board & CEO
COMPENSATION
$16M
AGE
50
TENURE
7.6 yrs

Simon Ayat

TITLE
Executive VP & CFO
COMPENSATION
$6M
AGE
63
TENURE
12 yrs

Ashok Belani

TITLE
Executive Vice President of Technology
COMPENSATION
$5M
AGE
59
TENURE
8.2 yrs

Aaron Floridia

TITLE
President of Western Hemisphere
COMPENSATION
$4M
AGE
49
TENURE
2.6 yrs

Khaled Al Mogharbel

TITLE
Executive Vice President of Eastern Hemisphere
COMPENSATION
$5M
AGE
47
TENURE
0.2 yrs

Olivier Le Peuch

TITLE
Chief Operating Officer
COMPENSATION
$7M
AGE
54
TENURE
0.1 yrs

Howard Guild

TITLE
Chief Accounting Officer
AGE
46
TENURE
13.7 yrs

Eric Abecassis

TITLE
Chief Information Officer
TENURE
2 yrs

Simon Farrant

TITLE
Vice President of Investor Relations
AGE
53
TENURE
5.1 yrs

Alex Juden

TITLE
Secretary & General Counsel
COMPENSATION
$7M
AGE
57
TENURE
9.9 yrs
Board of Directors Tenure

Average tenure and age of the Schlumberger board of directors in years:

7.9
Average Tenure
62
Average Age
  • The tenure for the Schlumberger board of directors is about average.
Board of Directors

Paal Kibsgaard

TITLE
Chairman of the Board & CEO
COMPENSATION
$16M
AGE
50
TENURE
3.9 yrs

Miguel Galuccio

TITLE
Director
COMPENSATION
$334K
AGE
49
TENURE
1.9 yrs

Leo Reif

TITLE
COMPENSATION
$378K
AGE
67
TENURE
12.2 yrs

Peter L. Currie

TITLE
Lead Independent Director
COMPENSATION
$401K
AGE
61

V. Kempston Darkes

TITLE
Director
COMPENSATION
$339K
AGE
69
TENURE
5.2 yrs

Indra Nooyi

TITLE
Director
COMPENSATION
$336K
AGE
62
TENURE
3.9 yrs

Michael Marks

TITLE
Director
COMPENSATION
$352K
AGE
67
TENURE
14.2 yrs

Nikolay Kudryavtsev

TITLE
Director
COMPENSATION
$339K
AGE
67
TENURE
12.2 yrs

Henri Seydoux

TITLE
Director
COMPENSATION
$339K
AGE
57
TENURE
10.2 yrs

Lubna Al-Olayan

TITLE
Director
COMPENSATION
$329K
AGE
62
TENURE
7.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
21. Dec 18 Buy Patrick Schorn Individual 20. Dec 18 20. Dec 18 10,000 $37.55 $375,500
30. Oct 18 Sell Simon Ayat Individual 24. Sep 18 30. Oct 18 -60,000 $62.00 $-3,396,000
07. Sep 18 Buy Michael Marks Individual 06. Sep 18 06. Sep 18 8,000 $60.31 $482,480
28. Mar 18 Buy Khaled Al Mogharbel Individual 28. Mar 18 28. Mar 18 3,000 $64.30 $192,900
27. Mar 18 Buy Patrick Schorn Individual 26. Mar 18 26. Mar 18 5,000 $64.79 $323,950
26. Mar 18 Buy Paal Kibsgaard Individual 26. Mar 18 26. Mar 18 10,000 $64.68 $646,800
X
Management checks
We assess Schlumberger's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Schlumberger has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SLB News

Simply Wall St News

Is Schlumberger Limited (NYSE:SLB) Excessively Paying Its CEO?

Paal Kibsgaard became the CEO of Schlumberger Limited (NYSE:SLB) in 2011. … First, this article will compare CEO compensation with compensation at other large companies. … How Does Paal Kibsgaard's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Schlumberger Limited (NYSE:SLB): Ex-Dividend Is In 4 Days

Important news for shareholders and potential investors in Schlumberger Limited (NYSE:SLB): The dividend payment of US$0.50 per share will be distributed to shareholders on 12 April 2019, and the stock will begin trading ex-dividend at an earlier date, 12 February 2019. … 5 questions to ask before buying a dividend stock? … Will the company be able to keep paying dividend based on the future earnings growth

Simply Wall St -

How Do Analysts See Schlumberger Limited (NYSE:SLB) Performing In The Next Couple Of Years?

The latest earnings announcement Schlumberger Limited (NYSE:SLB) released in December 2018 … negative earnings

Simply Wall St -

Do Institutions Own Schlumberger Limited (NYSE:SLB) Shares?

Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Companies that have been privatized tend to have low insider ownership. … Companies of this size are usually well known to retail investors, too.

Simply Wall St -

What You Must Know About Schlumberger Limited's (NYSE:SLB) Financial Strength

the key to their continued success lies in its financial health. … Today we will look at Schlumberger’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Note that this commentary is very high-level and solely focused on financial health, so I suggest you dig deeper yourself

Simply Wall St -

Is Schlumberger Limited (NYSE:SLB) Excessively Paying Its CEO?

First, this article will compare CEO compensation with compensation at other large companies. … How Does Paal Kibsgaard's Compensation Compare With Similar Sized Companies. … According to our data, Schlumberger Limited has a market capitalization of US$73.4b, and pays its CEO total annual compensation worth US$21m.

Simply Wall St -

Is Schlumberger Limited's (NYSE:SLB) Balance Sheet A Threat To Its Future?

I will provide an overview of Schlumberger’s financial liquidity and leverage to give you an idea of Schlumberger’s position to take advantage of potential acquisitions or comfortably endure future downturns. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis … Check out our latest analysis for Schlumberger

Simply Wall St -

What You Must Know About Schlumberger Limited's (NYSE:SLB) Major Investors

Today, I will be analyzing Schlumberger Limited’s (NYSE:SLB) recent ownership structure, an important but not-so-popular subject among individual investors. … The impact of a company's ownership structure affects both its short- and long-term performance. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

Simply Wall St -

Should You Worry About Schlumberger Limited's (NYSE:SLB) CEO Pay Check?

Leading Schlumberger Limited (NYSE:SLB) as the CEO, Paal Kibsgaard took the company to a valuation of US$96.25b. … Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … CEOs leading companies of similar size and profitability

Simply Wall St -

Is Schlumberger Limited's (NYSE:SLB) Balance Sheet A Threat To Its Future?

Schlumberger Limited (NYSE:SLB), a large-cap worth US$91.00b, comes to mind for investors seeking a strong and reliable stock investment. … Big corporations are much sought after by risk-averse investors who find diversified revenue streams and strong capital returns attractive. … This article will examine Schlumberger’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth

Simply Wall St -

SLB Company Info

Description

Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company’s Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services. Its Drilling segment designs, manufactures, and markets roller cone and fixed cutter drill bits; supplies drilling fluid systems, fluid systems and specialty equipment, production technology solutions, and engineered managed pressure and underbalanced drilling solutions; and offers environmental services and products. This segment also provides drilling and measurement, land drilling rigs, and related support services; and supplies well planning and drilling, engineering, supervision, logistics, procurement, and contracting services, as well as drilling rig management services. The company’s Production segment offers well services; coiled tubing equipment; hydraulic fracturing, multistage completions, perforating, coiled tubing equipment, and services; well completion services and equipment; artificial lift production equipment and optimization services; and production management services. Its Cameron segment offers integrated subsea production systems; drilling equipment and services; onshore and offshore platform wellhead systems and processing solutions; and valve products and measurement systems. The company was formerly known as Socie´te´ de Prospection E´lectrique. Schlumberger Limited was founded in 1926 and is based in Houston, Texas.

Details
Name: Schlumberger Limited
SLB
Exchange: NYSE
Founded: 1926
$61,384,727,118
1,385,972,615
Website: http://www.slb.com
Address: Schlumberger Limited
5599 San Felipe,
17th Floor,
Houston,
Texas, 77056,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE SLB Common Stock New York Stock Exchange US USD 02. Jan 1968
DB SCL Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
LSE SCL Common Stock London Stock Exchange GB USD 02. Jan 1968
SWX SLB Common Stock SIX Swiss Exchange CH CHF 02. Jan 1968
ENXTPA SLB Common Stock Euronext Paris FR EUR 02. Jan 1968
BASE SLB Common Stock Buenos Aires Stock Exchange AR ARS 02. Jan 1968
BMV SLB N Common Stock Bolsa Mexicana de Valores MX MXN 02. Jan 1968
BATS-CHIXE SLBZ Common Stock BATS 'Chi-X Europe' GB EUR 02. Jan 1968
BOVESPA SLBG34 BDR EACH REPR 1 COM USD0.01 Bolsa de Valores de Sao Paulo BR BRL 24. Aug 2012
BASE SLB CEDEAR EACH 3 REPR 1 ORD USD0.01 Buenos Aires Stock Exchange AR ARS 18. Jul 2001
Number of employees
Current staff
Staff numbers
100,000
Schlumberger employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 23:45
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/19
Last earnings filing: 2019/01/23
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.