SLB Limited Common Shares (SLB) Covered Calls

SLB Limited Common Shares covered calls SLB (formerly Schlumberger) is the world’s leading energy technology company, providing advanced solutions for reservoir characterization, drilling, production, and processing. With operations in over 100 countries, it integrates physical and digital infrastructure to optimize oil and gas recovery while scaling new energy systems. SLB is a pioneer in carbon capture, hydrogen, and geothermal energy, driving the transition toward a lower-carbon global energy landscape.

You can sell covered calls on SLB Limited Common Shares to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for SLB (prices last updated Fri 4:16 PM ET):

SLB Limited Common Shares (SLB) Stock Quote
Last Change Bid Ask Volume P/E Market Cap
50.70 +1.19 50.60 50.70 16.1M 21 138
Covered Calls For SLB Limited Common Shares (SLB)
Expiration Strike Call Bid Net Debit Return
If Flat		 Annualized
Return If Flat
Feb 20 51 1.08 49.62 2.8% 68.1%
Mar 20 50 2.64 48.06 4.7% 39.9%
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Extended Business Description

SLB (SLB) is the global benchmark for oilfield services and energy innovation. In 2026, the company is finalizing its pivot from a traditional "oilfield services" provider to a diversified energy technology firm. By combining its massive legacy footprint with high-growth digital platforms and its New Energy portfolio, SLB is capturing value across the entire energy spectrum—from maximizing efficiency in fossil fuel extraction to leading industrial decarbonization through carbon capture and storage (CCS).

Core Business and Operating Segments

  1. Production Systems & ChampionX: Following the successful 2025 acquisition of ChampionX, this segment has become a less cyclical growth engine. In early 2026, SLB is realizing the first $400 million in synergies by integrating ChampionX’s production chemicals and artificial lift technologies into its global distribution network, focusing on maximizing recovery from mature reservoirs.
  2. Digital & Integration: This high-margin segment is the "brain" of SLB. In February 2026, the company reported that its Digital annual recurring revenue (ARR) surpassed $1.1 billion. The Delfi cognitive E&P environment now includes autonomous drilling agents that use generative AI to optimize well placement in real-time, significantly reducing capital intensity for operators.
  3. Reservoir Performance & Well Construction: These legacy core segments remain dominant, especially in technically demanding offshore and deepwater markets. In January 2026, SLB secured a landmark $1.5 billion contract with Kuwait Oil Company for the advanced development of the Mutriba high-pressure, high-temperature (HPHT) field.
  4. New Energy: This segment houses SLB’s transition technologies. SLB Capturi, the majority-owned venture with Aker Carbon Capture, is currently scaling its "modular CCS" solutions for cement and steel plants, aiming for a double-digit share of the industrial decarbonization market by 2030.

Competitive Landscape

SLB operates in an oligopolistic market where technical complexity and global scale create significant barriers to entry. Its most formidable rival across all segments is Halliburton, which maintains a stronger focus on North American unconventional plays. For global technology and turbomachinery competition, it contends with Baker Hughes. In the specialized subsea and offshore sector, it overlaps with TechnipFMC. As it expands its digital and AI offerings, it increasingly competes for budget share with enterprise software giants like Microsoft (a strategic partner) and Salesforce. Other relevant peers in the energy services space include NOV Inc. and Weatherford.

Strategic Outlook and Innovation

In 2026, SLB is executing its "Returns-Focused, Capital-Light" strategy. Management has committed to returning over $4 billion to shareholders in 2026 through a combination of an increased dividend and aggressive share repurchases. A major innovation milestone for the year is the rollout of the Neuro autonomous drilling system, which integrates AI-driven directional drilling with digital valves to eliminate human error in complex well paths. Financially, the company has guided for 2026 revenue between $36.9 billion and $37.7 billion, driven by a "constructive" international recovery and a rebound in Saudi Arabian rig counts. With a fortress balance sheet and a focus on "lowest-cost incremental barrels," SLB is positioned to thrive regardless of commodity price volatility by providing the efficiency tools that E&P operators require to remain profitable.