Schlumberger management check
SLB · Energy · Oil & Gas Equipment & Services · CEO Peuch Olivier Le
Filings as of
5 good · 2 to watch · 0 flagged, across the seven questions below.
- Good
Have owners done well?
Beat its chosen peers$100 invested at the start of fiscal 2021 grew to $196, against $192 for the peer group the company picked itself.
- Watch
Does pay follow performance?
Pay only loosely tracked returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.25 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Good
What does the CEO cost owners?
0.5% of net income$17.3m of reported pay in fiscal 2025, against $3.5bn of net income.
- Watch
Do they own the stock?
CEO stake ≈ 4.5 years of payThe CEO holds 1,296,328 shares, directly or through trusts (unvested awards not counted): about 4.5 years of pay. 3 insiders sold $9.9m in the last six months and none bought. 6 of 9 sales ran on pre-arranged 10b5-1 plans.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -0.2% a year over the last three fiscal years. Stock-based pay was 0.9% of revenue in the latest year.
- Good
Is leadership stable?
4 leadership filings in 3 yearsCEO in the pay table: Mr. Le Peuch. 4 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Energy.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 52 | 64 | |
| Pay for performance | 63 | 65 | |
| CEO cost | 75 | 66 | |
| Skin in the game | 48 | 49 | |
| Dilution | 53 | 58 | |
| Stable leadership | 100 | 73 | |
| Clean books | 100 | 100 |
Closest peers
Others in Oil & Gas Equipment & Services, by management score. Schlumberger is 9th of 20 in its sector.
- 33BKRBaker Hughes84
- 157MPCMarathon Petroleum72
- 162HALHalliburton71
- 183SLBSchlumberger70
- 214DVNDevon Energy68
- 215FANGDiamondback Energy67
Pay versus performance
From the proxy statement filed February 26, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Mr. Le Peuch | $17.3m | $17.5m | $5.3m | $196 | $192 | $3.5bn |
| 2024 | Mr. Le Peuch | $17.3m | $2.8m | $5.7m | $190 | $186 | $4.6bn |
| 2023 | Mr. Le Peuch | $18.2m | $26.2m | $5.9m | $251 | $233 | $4.3bn |
| 2022 | Mr. Le Peuch | $15.7m | $39.5m | $5.1m | $253 | $230 | $3.5bn |
| 2021 | Mr. Le Peuch | $16.8m | $32.4m | $6.4m | $140 | $131 | $1.9bn |
The board says pay is tied most to Adjusted EBITDA. Its other key measures: Free Cash Flow, Free Cash Flow Margin, Return on Capital Employed, Total Shareholder Return.
Insiders and the CEO's stake
Peuch Olivier Le (Chief Executive Officer) held 1,296,328 shares directly after their latest Form 4 on Sep 1, 2026, roughly $77.8m at that filing's price.
3 insiders sold $9.9m in the last six months and none bought. 6 of 9 sales ran on pre-arranged 10b5-1 plans.
- SoldPeuch Olivier LeChief Executive Officer · 10b5-1 plan$6.8mSep 1, 2026
- SoldSteve Matthew GassenEVP, Geographies$3.0mMay 1, 2026
- SoldLa Chevardiere Patrick deDirector$109kMay 7, 2026
Leadership and governance on file
- Oct 6, 2026Leadership change8-K 5.02
- Oct 15, 2025Leadership change8-K 5.02
- Oct 10, 2025Leadership change8-K 5.02
- Apr 8, 2025Leadership change8-K 5.02
- Jul 24, 2023Leadership change8-K 5.02
- Apr 17, 2023Leadership change8-K 5.02
- Feb 23, 2022Leadership change8-K 5.02
- Oct 27, 2021Leadership change8-K 5.02
Latest shareholder vote results: Apr 8, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $6.0bn returned to owners in buybacks and dividends, 35% of net income, and $1.6bn of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $22.9bn | $28.1bn | $33.1bn | $36.3bn | $35.7bn |
| Net income | $1.9bn | $3.4bn | $4.2bn | $4.5bn | $3.4bn |
| Stock-based pay | $324.0m | $313.0m | $293.0m | $316.0m | $332.0m |
| Buybacks | — | — | — | — | — |
| Dividends | $699.0m | $848.0m | $1.3bn | $1.5bn | $1.6bn |
| Diluted shares | 1427m | 1437m | 1443m | 1436m | 1437m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.