Energy technology and oilfield services
Schlumberger
Schlumberger sells well construction, reservoir evaluation, production systems, and digital services to national oil companies, integrated majors, and independent operators. Its digital platforms use NVIDIA AI software and AWS cloud infrastructure, while the 2025 ChampionX acquisition expanded its production chemicals and artificial lift portfolio.
SLB Updated Sep 11, 2026 3 AI consumers· 3 recurring
Per the valuechain.wiki graph, Schlumberger is directly linked to 6 companies (2 supply, 4 revenue relationships) and reaches 80 companies within two hops; the links are backed by 12 dated sources, 3 of them primary filings (as of 2026-09-11).
Annual return · 2026-09-04'21+39.6%'22+81.2%'23-0.8%'24-24.5%'25+3.3%YTD+52.3%
Money in ▸Chevron Corporation●ExxonMobil●Saudi Aramco●Diamondback Energy, Inc.●Devon Energy Corporation◐
SchlumbergerFY2025 revenue of $35.708 billion
Financials & Segments
- Total revenue · FY2025 revenue of $35.708 billion
- Segments · Digital · Reservoir Performance · Well Construction · Production Systems · All Other
Revenue from
- Chevron Corporation High confidence
Chevron Australia awarded Schlumberger wireline evaluation work supporting optimization of the Gorgon carbon capture and storage system. The contract value was not disclosed. - ExxonMobil High confidence
ExxonMobil Canada and HMDC awarded Schlumberger contracts for 3D and 4D seismic processing at the Hibernia and Hebron fields. The contract value was not disclosed. - Saudi Aramco High confidence
Saudi Aramco awarded Schlumberger a five-year contract covering stimulation, well intervention, frac automation, and digital solutions for unconventional gas fields. SLB's contract value was not disclosed.Confirms EN SLB Investor Center Published Dec 23, 2025: Aramco Awards SLB Long-Term Contract to Support Kingdom's Unconventional Gas Production Growth - Diamondback Energy, Inc. High confidence
Schlumberger used its PowerDrive Orbit system for drilling and measurements on a Diamondback Energy well in the Permian Basin in 2019, confirming a service relationship in the disclosed project, but its current status and payment amount are not public. - Devon Energy Corporation Medium confidence
Schlumberger, under its current brand SLB, deployed advanced flowback services on two Devon wells in the Permian Basin and provided data analysis and geomechanical modeling, but the contract value was not disclosed.Confirms EN SLB Published Nov 4, 2016: Devon Energy Minimizes Flowback Completion Damage by Following the Recommended Secure Operating Envelope
Pays to
- NVIDIA Medium confidence
Schlumberger uses NVIDIA NeMo, NIM, and GPU technology to develop generative AI models across its Delfi and Lumi platforms. The technology input and joint development are confirmed, but payments were not disclosed.Confirms KO Mirae Asset Securities Research Published Oct 21, 2024: Schlumberger 3Q24 Review: Results In Line with AI ForecastConfirms EN SLB Published Sep 19, 2024: SLB and NVIDIA Collaborate to Develop Generative AI Solutions for the Energy Sector - Amazon Medium confidence
Schlumberger delivers Delfi applications on AWS and connects AWS Energy Data Insights with the Lumi platform. AWS infrastructure is classified as a technology input, and payments were not disclosed.Mentions KO Mirae Asset Securities Research Published Oct 21, 2024: Schlumberger 3Q24 Review: Results In Line with AI ForecastConfirms EN Amazon Published Sep 23, 2024: Amazon and AWS Expand Partnership with SLB to Accelerate Digital and Decarbonization
Investments
- ChampionX Corporation High confidence· Amount $5B · acquisition completed 2025-07-16 · Total fair value of consideration transferred for the ChampionX acquisition
Schlumberger acquired all outstanding ChampionX shares in an all-stock transaction in July 2025. The 2025 Form 10-K reports total fair value of consideration transferred of $5.005 billion.Mentions KO NewsPim Published Jun 11, 2026: SLB's Transformation After a Century in Oilfield Services: Conditions for a Structural Re-rating
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| CF Industries | lead2 | +87.2 | +22.3 | -4.7 | +10.1 | -7.2 | +74.9 |
| Chubu Electric Power Co. | lead2 | -6.9 | +26.2 | +41.4 | -12.8 | +43.8 | +31.9 |
| Linde | lead2 | +33.4 | -4.4 | +27.7 | +3.2 | +3.2 | +13.1 |
| O’Reilly Automotive | lead2 | +56 | +19.5 | +12.6 | +24.8 | +15.4 | -3.6 |
| Tokyo Electric Power Company Holdings, Incorporated | lead2 | -23.7 | +58.5 | +62.5 | -48.1 | +42 | -4.5 |
| Chevron Corporation | lead1 | +46.2 | +58.5 | -13.6 | +1.3 | +10.1 | +40.7 |
| ExxonMobil | lead1 | +57.6 | +87.4 | -6.3 | +11.3 | +16 | +35.2 |
| Diamondback Energy, Inc. | lead1 | +127.5 | +35.3 | +19.7 | +10.3 | -5.6 | +34.8 |
| Devon Energy Corporation | lead1 | +195.9 | +50.9 | -21.8 | -25.2 | +15 | +32.8 |
| Schlumberger | node | +39.6 | +81.2 | -0.8 | -24.5 | +3.3 | +52.3 |
| NVIDIA | benef1 | +125.5 | -50.3 | +239 | +171.2 | +38.9 | +23.7 |
| Amazon | benef1 | +2.4 | -49.6 | +80.9 | +44.4 | +5.2 | +12 |
| SanDisk | benef2 | · | · | · | · | · | +633 |
| Micron Technology | benef2 | +24.2 | -45.9 | +71.9 | -1 | +240.2 | +256.4 |
| Seagate Technology | benef2 | +87.5 | -51.4 | +69.1 | +4.1 | +225.3 | +209.1 |
| Nan Ya PCB | benef2 | +110.6 | -46.7 | -0.5 | -38.3 | +188.2 | +172.1 |
| Nebius Group | benef2 | · | · | · | · | +202.2 | +170.5 |
| Marvell | benef2 | +84.6 | -57.5 | +63.7 | +83.8 | -22.8 | +163.4 |
| Kioxia | benef2 | · | · | · | · | +1082.1 | +155 |
| Ibiden | benef2 | +30.4 | -19.6 | +51.6 | -38.6 | +261 | +149.3 |
| Lumentum | benef2 | +11.6 | -50.7 | +0.5 | +60.1 | +339.1 | +139.1 |
| Unimicron | benef2 | +133.5 | -30.2 | +35.2 | -19.7 | +175.7 | +138.8 |
| ASE Technology | benef2 | +38.3 | -12.8 | +60.9 | +10.1 | +65.6 | +135.3 |
| Murata Manufacturing | benef2 | -14 | -11.7 | +24.7 | -16.5 | +29.9 | +131.5 |
| Wiwynn | benef2 | +24.7 | -22.3 | +206.4 | +3.5 | +64.4 | +120.2 |
| Astera Labs | benef2 | · | · | · | · | +25.6 | +86.6 |
| SK hynix | benef2 | -0.4 | -25.6 | +53.9 | +48.6 | +361.1 | +81.6 |
| Corning | benef2 | +5.9 | -11.6 | -1.2 | +60.6 | +87.8 | +77.2 |
| Keysight Technologies | benef2 | +56.3 | -17.2 | -7 | +1 | +26.5 | +61 |
| Samsung Electronics | benef2 | -9 | -14.2 | +20.9 | -26.4 | +212.9 | +59.7 |
| Wistron | benef2 | +7.9 | +9.7 | +272.7 | -1.6 | +22.7 | +57.3 |
| Coherent | benef2 | -10 | -48.6 | +24 | +117.6 | +94.8 | +52.7 |
| Delta Electronics | benef2 | -3.4 | +10.4 | -0.3 | +59.2 | +183.8 | +50.4 |
| Arista Networks | benef2 | +97.9 | -15.6 | +94.1 | +87.7 | +18.5 | +47.9 |
| GE Vernova | benef2 | · | · | · | · | +99 | +44.4 |
| Pegatron | benef2 | -5.9 | +0.6 | +35.3 | +21.2 | -23.8 | +43 |
| Caterpillar | benef2 | +16 | +18.6 | +25.9 | +24.7 | +60.3 | +42.9 |
| TSMC | benef2 | +12.1 | -36.7 | +42.3 | +92.6 | +55.9 | +41.9 |
| FedEx | benef2 | +0.7 | -31.6 | +49.1 | +13.5 | +5.1 | +39.6 |
| onsemi | benef2 | +107.5 | -8.2 | +33.9 | -24.5 | -14.1 | +37.4 |
| Ciena | benef2 | +45.6 | -33.8 | -11.7 | +88.4 | +175.8 | +37.3 |
| Jabil | benef2 | +66.4 | -2.5 | +87.4 | +13.3 | +58.7 | +36.3 |
| Alchip Technologies | benef2 | +14.3 | -8.7 | +365.1 | -18.9 | +0.8 | +36.1 |
| Monolithic Power | benef2 | +35.5 | -27.8 | +79.8 | -5.6 | +54.5 | +35.5 |
| Globalstar | benef2 | +241.2 | +14.7 | +45.9 | +6.7 | +96.6 | +34.9 |
| Analog Devices | benef2 | +21 | -4.9 | +23.4 | +8.8 | +29.8 | +34.8 |
| Eaton | benef2 | +46.7 | -7.2 | +56.2 | +39.5 | -2.8 | +30.1 |
| Eoptolink | benef2 | -10.1 | -27.7 | +136.6 | +197 | +368.8 | +29.1 |
| Quanta Computer | benef2 | +22.2 | -12.8 | +254.5 | +12.7 | +8.9 | +28.5 |
| InnoLight | benef2 | -30.7 | -18.3 | +253.7 | +12 | +468.1 | +25.6 |
| Digital Realty | benef2 | +30.7 | -41 | +39.9 | +35.9 | -10.1 | +23.4 |
| Amphenol | benef2 | +34.4 | -12.5 | +30.8 | +40.7 | +95.3 | +22.7 |
| Schneider Electric | benef2 | +25.9 | +1.6 | +25.8 | +36.1 | +0.5 | +20.7 |
| Foxconn (Hon Hai) | benef2 | -5.1 | +2.8 | +7.8 | +80.1 | +26.9 | +19.6 |
| Credo Technology | benef2 | · | · | +46.3 | +245.2 | +114.1 | +18.5 |
| ABB | benef2 | +23.9 | +7.3 | +18.9 | +39 | +36.1 | +18.4 |
| Entergy | benef2 | +17.1 | +3.6 | -6.1 | +56 | +25.3 | +18.2 |
| Norfolk Southern | benef2 | +27.3 | -15.6 | -1.6 | +1.6 | +25.6 | +15.6 |
| Colgate-Palmolive Company | benef2 | +2.1 | -5.4 | +3.8 | +16.6 | -11 | +14.4 |
| Cummins | benef2 | -1.7 | +14.1 | +1.7 | +48.9 | +49.4 | +11 |
| United Parcel Service, Inc. | benef2 | +30 | -16.2 | -6 | -15.9 | -15.9 | +8 |
| BlackRock | benef2 | +29.4 | -20.4 | +17.9 | +29.3 | +6.6 | +6 |
| Celestica | benef2 | +37.9 | +1.3 | +159.8 | +215.2 | +220.3 | +5.7 |
| Luxshare Precision | benef2 | -11.9 | -30.2 | -21.2 | +58.8 | +29.3 | +5.6 |
| Procter & Gamble | benef2 | +20.5 | -5 | -0.9 | +17.3 | -12.3 | +4.5 |
| Amorepacific | benef2 | -30.1 | -5.7 | -18.4 | +9.9 | +8.2 | +4.1 |
| Exelon | benef2 | +41.5 | +8.3 | -14 | +9.2 | +20 | +1.9 |
| King Yuan Electronics (KYEC) | benef2 | +26.7 | -7.7 | +132.4 | +38.6 | +171 | -6.7 |
| Vistra | benef2 | +19.6 | +5.1 | +70.7 | +261.5 | +17.7 | -7.2 |
| TE Connectivity | benef2 | +35.1 | -27.7 | +24.6 | +3.5 | +61.1 | -7.3 |
| Recursion Pharmaceuticals | benef2 | · | -55 | +27.9 | -31.4 | -39.5 | -11.2 |
| IonQ | benef2 | · | -79.3 | +259.1 | +237.1 | +7.4 | -11.9 |
| Abbott Laboratories | benef2 | +30.5 | -20.7 | +2.3 | +4.8 | +12.9 | -11.9 |
| Talen Energy | benef2 | · | · | · | +214.8 | +86.1 | -15.4 |
| Quantum Computing Inc | benef2 | -75.8 | -55.7 | -39.5 | +1712.7 | -38 | -21.9 |
| BYD Electronics | benef2 | -56.1 | +16 | -0.4 | +60.6 | -19.4 | -24.1 |
| D-Wave Quantum | benef2 | · | -85.3 | -38.9 | +854.5 | +211.3 | -36.6 |
| Nike | benef2 | +18.7 | -29 | -6 | -29.1 | -13.8 | -38.1 |
YTD as of 2026-09-04 · source: Yahoo Finance
Schlumberger operates across Energy technology and oilfield services. It is up +52.3% in 2026. Demand side (avg +38%), the stock (+52.3%) and supply side (avg +17.9%) are moving in step. Propagation has completed a lap, so the next leg depends on individual results more than chain direction. Among connected nodes the furthest ahead is Chevron Corporation (+40.7%) and the furthest behind is Amazon (+12%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. Its digital platforms use NVIDIA AI software and AWS cloud infrastructure, while the 2025 ChampionX acquisition expanded its production chemicals and artificial lift portfolio.
Analysis generated from returns as of 2026-09-04