Schlumberger N.V. SLB

Competitive advantage analysis · energy

Corporate Default
Overall moat score
69/100
Moderate

About Schlumberger N.V.

SLB N.V. engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement … Full SLB analysis →

Competitive advantage assessment

Key strengths

  • Margins Stable Across Cycles Operating margin volatility is low (stability score 0.98), demonstrating pricing resilience across cycles.
  • ROIC Sustainably Above Peers ROIC at 78.7th percentile exceeds peers and WACC, demonstrating superior capital allocation.

Key risks

  • Liquidity Concerns Liquidity is concerning (score 0.26), raising questions about short-term obligations.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Moderate
74

Where SLB ranks in Oil & Gas Equipment & Services

Schlumberger N.V. ranks #6 of 50 scored companies in Oil & Gas Equipment & Services by moat score — the top 12%. The widest moat in the group is Cactus, Inc. Class A Common Sto (WHD) at 78/100.

Moat scores for companies ranked near SLB in Oil & Gas Equipment & Services
# Company Moat score Rating
2 USA Compression Partners, LP USAC 77/100 Strong
3 Archrock, Inc. AROC 72/100 Moderate
4 LandBridge Company LLC LB 71/100 Moderate
5 TechnipFMC plc FTI 69/100 Moderate
6 Schlumberger N.V. SLB 69/100 Moderate
7 Tidewater Inc. TDW 69/100 Moderate
8 Tenaris S.A. TS 68/100 Moderate
9 Flowco Holdings Inc. FLOC 67/100 Moderate
10 Baker Hughes Company BKR 66/100 Moderate

See every Commodities & Mining company ranked by moat score →

How SLB scores on the Corporate Default defenses

Pricing Power

Score 74 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 86 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 76 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 82 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 52 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 45 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding SLB's moat

What is Schlumberger N.V.'s moat score?

Schlumberger N.V. (SLB) scores 69 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #6 of 50 scored companies in Oil & Gas Equipment & Services, the top 12%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 49 companies in Oil & Gas Equipment & Services. Its strongest defense is Cost Advantage (86/100) and its weakest is Scale & Market Position (45/100).

How does Schlumberger N.V. compare with other Oil & Gas Equipment & Services companies?

Schlumberger N.V. ranks #6 of 50 scored companies in Oil & Gas Equipment & Services by moat score. The widest moat in Oil & Gas Equipment & Services is Cactus, Inc. Class A Common Sto (WHD) at 78/100. The companies ranked closest are TechnipFMC plc (FTI) at 69 just above it and Tidewater Inc. (TDW) at 69 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 49 companies in Oil & Gas Equipment & Services. The defenses are then weighted to produce the overall score out of 100.

Why is Schlumberger N.V. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Schlumberger N.V.?

The Corporate Default template measures 6 defenses, and SLB scores: Pricing Power (74), Cost Advantage (86), Customer Stickiness (76), Capital Efficiency (82), Resilience (52), Scale & Market Position (45). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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