What smart money is saying about SLB Limited
2 funds in our archive have pitched SLB Limited — most recently Hardman Johnston Global Equity in March 2026.
SLB N.V. operates as a global technology provider for the energy sector. The company's operations are organized into four key divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. SLB delivers a wide array of services, including the development of oil and gas fields, hydrocarbon production optimization, carbon management solutions, and the integration of interconnected energy infrastructures. It also specializes in reservoir interpretation and processing of exploration data, alongside offering solutions for well construction and enhancing production efficiency. Their expertise extends to evaluating subsurface geology and fluid dynamics. The firm provides stimulation services, such as hydraulic fracturing, matrix stimulation, and water treatment, designed to restore or boost well productivity for oil and gas operators. Additionally, they offer essential intervention services. Within drilling operations, SLB furnishes mud logging, directional drilling, measurement-while-drilling (MWD), and logging-while-drilling (LWD) services, complemented by comprehensive engineering support. They supply advanced drilling fluid systems and are involved in the design, manufacturing, and marketing of both roller cone and fixed cutter drill bits. Their portfolio further includes bottom-hole assembly and borehole enlargement technologies. The company provides end-to-end well planning and drilling services, encompassing engineering, supervision, logistics, procurement, and third-party contracting, along with drilling rig management solutions. This covers a range of drilling equipment and services, including land drilling rigs. For production, SLB offers artificial lift solutions, an assortment of packers, safety valves, sand control technologies, and various intelligent monitoring systems. Their offerings extend to midstream production systems, specialized valves, chokes, actuators, and surface trees. A significant part of their business is OneSubsea, which delivers integrated solutions, products, and services for subsea applications, such as wellheads, subsea trees, manifolds, flowline connectors, control systems, and other connection technologies. Historically known as Schlumberger Limited, the company is slated to formally adopt its new name, SLB N.V., in October 2025. Established in 1926, SLB N.V. maintains its corporate headquarters in Houston, Texas.
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Position history
Between Q1 2025 and Q3 2026, 15 fund letters reported a position in SLB Limited — 1 opened or added to the position, 3 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 0 | 0 | 0 |
| Q2 2026 | 8 | 0 | 1 | 0 |
| Q1 2026 | 6 | 1 | 2 | 1 |
| Q1 2025 | 0 | 0 | 0 | 1 |
Fund activity · 15 positions · 4 moves
- HoldsGuinness Global Energy FundJuly 2026
“Oil services: Baker Hughes, Schlumberger and Halliburton performed well, supported at different points by expectations of higher service activity outside the Middle East, a rebuilding of damaged Gulf-based oil and gas facilities, and growth in LNG demand.”
Read the letterSLB Limited - HoldsHardman Johnston Global Equity (Hardman Johnston Global Advisors)June 2026
“The portfolio's holdings in the sector, including SLB Ltd. and Cameco Corp., detracted from returns as both companies underperformed amid weakness in energy services.”
Read the letterSLB Limited - HoldsHardman Johnston Global Advisors Large Cap EquityJune 2026
“Detractors include Albemarle Corp., SLB Ltd., and EOG Resources, Inc.”
Read the letterSLB Limited - ExitedFindlay Park American FundJune 2026
“SLB was reduced – and exited - as the outlook in the Middle East remained uncertain and the Fund found a higher-quality energy exposure in Canadian royalty company - PrairieSky.”
Read the letterSLB Limited - HoldsGuinnessJune 2026
“Within the Fund, the strongest performers were OMV, Enbridge, Repsol, Valero and Schlumberger while the weakest performers were BP, Devon, Helix, Imperial Oil and Petrochina.”
Read the letterSLB Limited - HoldsGuinness Global Energy FundJune 2026
“Within the Fund, the strongest performers were OMV, Enbridge, Repsol, Valero and Schlumberger while the weakest performers were BP, Devon, Helix, Imperial Oil and Petrochina.”
Read the letterSLB Limited - HoldsHarding Loevner Global EquityJune 2026
Listed in Harding Loevner Global Equity’s reported holdings.
Read the letterSLB Limited - HoldsTAMIM Fund: Global High Conviction Unit ClassMay 2026
“The portfolio holds approximately 60 of the best ideas from around the globe.”
Read the letterSLB Limited - HoldsHL Global Equity ADRMay 2026
Listed in HL Global Equity ADR’s reported holdings.
Read the letterSLB Limited - New positionHardman Johnston Global EquityMarch 2026
“We initiated a position in SLB, the largest global oil services provider, a name with which we are familiar.”
Read the letterSLB Limited - ExitedBrown Advisory U.S. Small-Cap Blend UCITS FundMarch 2026
“We exited SLB Limited (SLB) after the company completed its acquisition of our holding ChampionX.”
Read the letterSLB Limited - TrimmedBuffalo Mid Cap Discovery FundMarch 2026
“We realized partial gains in the position, believing the supply shock in the energy market is transitory.”
Read the letterSLB Limited - HoldsBrown Advisory U.S. Value FundMarch 2026
“our Energy holdings performed well (up 30%) they were not able to keep pace with the 38% return of the Russell 1000® Value Energy Index as the more price sensitive exploration & production companies tend to be the initial beneficiaries of an immediate rise in commodity prices vs services companies such as SLB Limited (SLB) and Weatherford International (WFRD).”
Read the letterSLB Limited - HoldsBuffalo Growth FundMarch 2026
“SLB Limited (SLB) was the top contributor to the fund’s performance, posting a return of nearly 35% for the quarter.”
Read the letterSLB Limited - HoldsBrown Advisory Large-Cap Sustainable ValueMarch 2026
“While our Energy holdings performed well (up 30%) they were not able to keep pace with the 38% return of the Russell 1000® Value Energy Index as the more price sensitive exploration & production companies tend to be the initial beneficiaries of an immediate rise in commodity prices vs services companies such as SLB Limited (SLB) and Weatherford International (WFRD).”
Read the letterSLB Limited
Fund coverage · 2 theses
- Hardman Johnston Global EquityMarch 2026
SLB Limited is the leading global oil services provider, supported by offshore duopoly economics, geopolitical tailwinds, and a growing digital segment.
Read the full thesis - Ariel Mid Cap ValueMarch 2025
Schlumberger NV is a leading oilfield services company that, despite short-term challenges, is poised for medium-term growth due to increasing demand from national oil companies and its expertise in enhancing energy production.
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