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SLB Earnings: What To Look For From SLB

July 22, 2026 at 23:03 PM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

SLB Cover Image

Oilfield services provider SLB (NYSE: SLB) will be reporting earnings this Friday before market hours. Here’s what investors should know.

SLB beat analysts’ revenue expectations last quarter, reporting revenues of $8.72 billion, down 6.3% year on year. It was a satisfactory quarter for the company, with EPS in line with analysts’ estimates.

Is SLB a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting SLB’s revenue to decline 7.6% year on year, a further deceleration from the 5.8% decrease it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. SLB has a history of exceeding Wall Street’s expectations.

Looking at SLB’s peers in the oilfield services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Oceaneering delivered year-on-year revenue growth of 10%, beating analysts’ expectations by 4.3%, and Halliburton reported revenues up 3.7%, topping estimates by 3.6%. Halliburton traded down 5.9% following the results.

Read our full analysis of Oceaneering’s results here and Halliburton’s results here.

There has been positive sentiment among investors in the oilfield services segment, with share prices up 5.2% on average over the last month. SLB’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $60.93 (compared to the current share price of $47.73).

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