Return on Equity (ROE)
since 2005
Calculation
SLB N.V., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income (loss) attributable to SLB1 | ÷ | Total SLB stockholders’ equity1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2025 | 12.92% | = | 100 | × | 3,374) | ÷ | 26,109) |
| Dec 31, 2024 | 21.11% | = | 100 | × | 4,461) | ÷ | 21,130) |
| Dec 31, 2023 | 20.82% | = | 100 | × | 4,203) | ÷ | 20,189) |
| Dec 31, 2022 | 19.46% | = | 100 | × | 3,441) | ÷ | 17,685) |
| Dec 31, 2021 | 12.54% | = | 100 | × | 1,881) | ÷ | 15,004) |
| Dec 31, 2020 | -87.13% | = | 100 | × | (10,518) | ÷ | 12,071) |
| Dec 31, 2019 | -42.66% | = | 100 | × | (10,137) | ÷ | 23,760) |
| Dec 31, 2018 | 5.91% | = | 100 | × | 2,138) | ÷ | 36,162) |
| Dec 31, 2017 | -4.09% | = | 100 | × | (1,505) | ÷ | 36,842) |
| Dec 31, 2016 | -4.11% | = | 100 | × | (1,687) | ÷ | 41,078) |
| Dec 31, 2015 | 5.81% | = | 100 | × | 2,072) | ÷ | 35,633) |
| Dec 31, 2014 | 14.37% | = | 100 | × | 5,438) | ÷ | 37,850) |
| Dec 31, 2013 | 17.06% | = | 100 | × | 6,732) | ÷ | 39,469) |
| Dec 31, 2012 | 15.80% | = | 100 | × | 5,490) | ÷ | 34,751) |
| Dec 31, 2011 | 15.98% | = | 100 | × | 4,997) | ÷ | 31,263) |
| Dec 31, 2010 | 13.66% | = | 100 | × | 4,267) | ÷ | 31,226) |
| Dec 31, 2009 | 16.39% | = | 100 | × | 3,134) | ÷ | 19,120) |
| Dec 31, 2008 | 32.23% | = | 100 | × | 5,435) | ÷ | 16,862) |
| Dec 31, 2007 | 34.80% | = | 100 | × | 5,177) | ÷ | 14,876) |
| Dec 31, 2006 | 35.60% | = | 100 | × | 3,710) | ÷ | 10,420) |
| Dec 31, 2005 | 29.07% | = | 100 | × | 2,207) | ÷ | 7,592) |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The return on equity (ROE) exhibited significant fluctuations over the period from 2005 to 2025. Initially, the ROE demonstrated a strong performance, followed by a period of volatility and eventual recovery. A detailed examination of the trend reveals distinct phases in the company’s profitability relative to shareholder equity.
- Initial Growth & Stability (2005-2007)
- From 2005 to 2007, the ROE experienced substantial growth, increasing from 29.07% to 34.80%. This period indicates a strong ability to generate profits from shareholder investments. The values remained consistently high, suggesting a stable and efficient operational environment.
- Moderate Performance (2008-2010)
- Between 2008 and 2010, the ROE experienced a decline, moving from 32.23% in 2008 to 13.66% in 2010. While still positive, this represents a considerable decrease in profitability relative to equity. This downturn may be attributable to broader economic conditions or company-specific challenges.
- Fluctuating Performance (2011-2015)
- The period from 2011 to 2015 was characterized by fluctuating ROE values. The ROE ranged from 5.81% to 15.98%, indicating inconsistent profitability. A notable negative value of -4.11% was recorded in 2015, representing a net loss relative to shareholder equity.
- Significant Decline & Recovery (2016-2019)
- 2016 through 2019 witnessed a dramatic shift. The ROE experienced substantial negative values in 2018 and 2019, reaching -42.66% and -87.13% respectively. These figures suggest significant losses relative to equity during these years. However, a modest recovery to 5.91% was observed in 2018 before the substantial decline.
- Recent Improvement & Stabilization (2020-2025)
- From 2020 onwards, the ROE demonstrated a clear upward trend, recovering from the losses experienced in prior years. The ROE increased from 12.54% in 2020 to 21.11% in 2022, before settling at 12.92% in 2025. This suggests a return to profitability and improved efficiency in utilizing shareholder equity. The values in this period indicate a more stable and positive financial position.
Overall, the ROE trend reveals a period of initial strength, followed by volatility, significant losses, and a subsequent recovery. The recent stabilization and improvement in ROE suggest a positive trajectory for the company’s financial performance, although the earlier periods of negative ROE warrant further investigation to understand the underlying causes and potential risks.
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Comparison to Industry (Energy)
SLB N.V., ROE, long-term trends, comparison to industry (energy)
| SLB N.V. | Energy | |
|---|---|---|
| Dec 31, 2025 | 12.92% | 9.79% |
| Dec 31, 2024 | 21.11% | 12.96% |
| Dec 31, 2023 | 20.82% | 16.67% |
| Dec 31, 2022 | 19.46% | 26.98% |
| Dec 31, 2021 | 12.54% | 13.21% |
| Dec 31, 2020 | -87.13% | -12.46% |
| Dec 31, 2019 | -42.66% | 3.63% |
| Dec 31, 2018 | 5.91% | 10.63% |
| Dec 31, 2017 | -4.09% | 6.58% |
| Dec 31, 2016 | -4.11% | 0.52% |
| Dec 31, 2015 | 5.81% | 4.61% |
| Dec 31, 2014 | 14.37% | 15.28% |
| Dec 31, 2013 | 17.06% | 16.85% |
| Dec 31, 2012 | 15.80% | 22.06% |
| Dec 31, 2011 | 15.98% | 22.94% |
| Dec 31, 2010 | 13.66% | 18.51% |
| Dec 31, 2009 | 16.39% | 13.29% |
| Dec 31, 2008 | 32.23% | 21.20% |
| Dec 31, 2007 | 34.80% | 25.23% |
| Dec 31, 2006 | 35.60% | 27.51% |
| Dec 31, 2005 | 29.07% | 28.17% |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).