Headquartered in Houston, Texas, Schlumberger Limited (SLB) is a global provider of technology and services to the energy industry with a strong market presence. With a market cap of $56.2 billion, Schlumberger’s extensive portfolio includes solutions in reservoir characterization, drilling, production, and processing, supporting innovation and efficiency across the oil and gas sector.
SLB has significantly underperformed the broader market over the last year. The stock has declined 28.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 35.2%. In 2024, the stock is down 23.6%, compared to SPX's 20.1% gains on a YTD basis.
