SLB stock enters an earnings window with 450 Aramco wells

Published on 10/04/2026 at 23:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SLB stock was last at USD 48.74 on October 2, 2026, as a four-contract Aramco program covers more than 450 wells. Q2 revenue rose 5.0 percent year over year.

SLB, AN8068571086, Illustration mit AI erstellt.

SLB stock entered October at USD 48.74 on the NYSE on October 2, 2026 at 4:00 p.m. ET, up 0.16 percent from the prior close. The latest operating catalyst is a four-contract Aramco program covering more than 450 wells, while the next results call is scheduled for October 23, 2026.

Aramco backlog spans 450 wells

According to SLB on September 24, 2026, Aramco awarded SLB four integrated well construction contracts in Saudi Arabia. The initial term is three years and each contract includes an option for an extension of up to two years.

The scope gives SLB end-to-end responsibility across drilling, evaluation, fluids, cementing and completions. Financial terms were not disclosed, so the contract's measurable scale is the well count and duration rather than a stated backlog value.

Q2 revenue rose 5.0 percent

For the quarter ending June 30, 2026, SLB reported USD 8.97 billion in revenue and USD 0.55 in earnings per share, according to Business Insider on September 29, 2026. Revenue increased 5.0 percent from the same quarter a year earlier, while EPS exceeded the USD 0.51 consensus by USD 0.04.

The upcoming report will test whether the Aramco work and SLB's broader project pipeline can offset pressure in parts of the international oilfield market. The company has also expanded its exposure to subsea and energy infrastructure projects through recent contract awards, giving the October results a wider operational backdrop.

Consensus target stands at USD 62.48

The analyst consensus is Buy among 30 analysts, with 26 Buy ratings, 2 Holds and 2 Sells, according to Investing.com as of October 1, 2026. The average 12-month target is USD 62.48, with a high of USD 75.00 and a low of USD 43.00; the average target is 28.20 percent above the October 2 price.

SLB stock trades below its yearly high

SLB's October 2 market capitalization was USD 72.3 billion, with 11,141,176 shares traded. The 52-week range was USD 31.64 to USD 60.46, placing the October 2 price USD 11.72 below the yearly high and USD 17.10 above the yearly low.