Will SLB’s (SLB) Rebranding and Contract Wins Accelerate Its Shift Toward Low-Carbon Services?

• At a Special General Meeting held on October 7, 2025, SLB shareholders approved changing the company’s name from Schlumberger N.V. to SLB N.V. and adopted amendments making it easier to use "SLB Limited" and "SLB Ltd." in international transactions, with legal effectiveness starting the same day.
• This rebranding coincided with substantial contract wins, including an advanced technology and digital solutions award from Petrobras and the launch of a North Sea carbon storage project, highlighting SLB’s active shift toward integrated and low-carbon services.
• We’ll now examine how the approved global rebranding alongside major contract gains shapes SLB’s broader investment narrative.

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SLB Investment Narrative Recap

To own a piece of SLB today, investors need to believe in the company's ability to drive recurring growth through energy innovation, large-scale contracts, and increased diversification into digital and low-carbon solutions. The recently completed rebranding to SLB N.V., while a step in refreshing its global corporate footprint, does not appear to materially shift the immediate focus for shareholders: the upcoming quarterly earnings and how integration of acquisitions supports margin resilience amid continued volatility in global upstream spending.

The new Petrobras contract, involving advanced digital and completions technologies for ultra-deepwater wells, stands out as especially relevant given SLB’s current narrative. The win both reinforces the demand for digital solutions and highlights the company’s strategy to anchor revenue in high-value, technically challenging projects, which could help counter near-term headwinds from declining North American activity and integration execution risk.

Yet, in contrast to SLB's major contract momentum, investors should be aware of ongoing exposure to macro and geopolitical risks that could...

Read the full narrative on SLB (it's free!)

SLB's narrative projects $38.7 billion revenue and $4.9 billion earnings by 2028. This requires 2.9% yearly revenue growth and an $0.8 billion earnings increase from $4.1 billion today.

Uncover how SLB's forecasts yield a $46.02 fair value, a 45% upside to its current price.

Exploring Other Perspectives

Across 13 fair value estimates from the Simply Wall St Community, individual targets for SLB range from US$36 to US$69.80 per share. While viewpoints differ, many are weighing the potential headwinds from global upstream spending cuts when considering long-term performance.

Explore 13 other fair value estimates on SLB - why the stock might be worth over 2x more than the current price!

Build Your Own SLB Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your SLB research is our analysis highlighting 3 key rewards and 3 important warning signs that could impact your investment decision.
• Our free SLB research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate SLB's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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