Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is SLB Limited (SLB) Halal?

PASS

SLB Limited · NYSE: SLB · Energy

The short answer

Yes - SLB Limited (SLB) passes this Shariah stock screen. SLB, incorporated in Curacao and headquartered in Houston, Texas, is the world's largest oilfield-services company (founded 1926; renamed from Schlumberger in October 2022), providing energy technology and services across four divisions - Digital, Reservoir Performance, Well Construction, and Production Systems - with no alcohol, tobacco, gambling, weapons, adult entertainment, pork, or conventional finance exposure, so Gate 1 passes. Total interest-bearing debt of $12,798M is about 17.35% of its ~$73.78B market cap ($48.66/share, October 1, 2026), below the ~33% ceiling, so Gate 2 passes. Interest income of $136M is about 0.38% of FY2025 revenue ($35,708M), below the 5% ceiling, so Gate 3 passes. Overall result: PASS. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

Gate 1 — Business activity: PASS

SLB Limited (NYSE: SLB), formerly Schlumberger (renamed October 2022), is the world's largest oilfield-services company, founded in 1926 as Societe de Prospection Electrique by Conrad and Marcel Schlumberger. Incorporated in Curacao (SLB N.V.) with principal executive offices in Houston, Texas, it provides technology and services to oil and gas producers across the exploration-and-production lifecycle. Per its 2025 filings, SLB reports four divisions: Digital (cloud platforms such as Delfi and Petrel, AI-enabled reservoir and drilling software), Reservoir Performance, Well Construction, and Production Systems (which now includes the acquired ChampionX businesses, closed July 2025); Digital has been reported as a separate division since Q3 2025. Business-screen implication (factual): SLB sells services and technology to producers - it is not itself an oil producer - and none of its reported divisions involve alcohol, tobacco, gambling, weapons, adult entertainment, pork, or conventional finance. Oil and gas services are not among standard Shariah business exclusions. Gate 1 passes. Facts only.

Gate 2 — Debt and cash: PASS

Per SLB's Q2 2026 earnings release (period ended June 30, 2026; Commission File No. 1-4601), total interest-bearing debt was $12,798M - short-term borrowings and current portion of long-term debt $1,658M + long-term debt $11,140M. Against a market cap of about $73.78B ($48.66/share, October 1, 2026, per Finnhub), debt / market cap is about 17.35% - below the ~33% ceiling. Cash and short-term investments of $4,071M are about 5.52% of market cap. Note: long-term debt rose from $9,742M at December 31, 2025 to $11,140M at June 30, 2026, partly financing the ChampionX acquisition (closed July 2025). Gate 2 passes. Facts only.

Gate 3 — Non-compliant income: PASS

SLB's Q4/FY2025 earnings release (January 23, 2026) discloses interest income of $136M in its adjusted-EBITDA reconciliation, against FY2025 revenue of $35,708M - about 0.38% of revenue, below the 5% non-compliant income ceiling. Note: the income statement's 'Interest & other income' line of $481M for FY2025 includes gains and other items beyond interest income; the pure interest income figure ($136M) is used for this screen. Gate 3 passes. Facts only.

Key figures used

Frequently asked questions

What does SLB do?

SLB Limited (NYSE: SLB), formerly Schlumberger (renamed October 2022), is the world's largest oilfield-services company, founded in 1926 as Societe de Prospection Electrique by Conrad and Marcel Schlumberger. Incorporated in Curacao (SLB N.V.) with principal executive offices in Houston, Texas, it provides technology and services to oil and gas producers across the lifecycle of exploration and production. Per its 2025 filings, SLB reports four divisions: Digital (cloud platforms such as Delfi and Petrel, AI-enabled reservoir and drilling software), Reservoir Performance, Well Construction, and Production Systems (which now includes the acquired ChampionX businesses, closed July 2025). Starting Q3 2025, Digital is reported as a separate division. SLB sells services and technology to producers; it is not itself an oil producer.

Why does SLB pass this Shariah stock screen?

SLB passes all three gates. Gate 1 (business activity): the business is oilfield services and energy technology (Digital, Reservoir Performance, Well Construction, Production Systems) - none involve alcohol, tobacco, gambling, weapons, adult entertainment, pork, or conventional finance; Gate 1 passes. Gate 2 (debt): total interest-bearing debt of $12,798M (short-term borrowings and current portion of long-term debt $1,658M + long-term debt $11,140M, Q2 2026 10-Q) is about 17.35% of its ~$73.78B market cap ($48.66/share, October 1, 2026, per Finnhub) - below the ~33% ceiling; Gate 2 passes. Gate 3 (non-compliant income): interest income of $136M is about 0.38% of FY2025 revenue ($35,708M) - below the 5% ceiling; Gate 3 passes. Result: PASS. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

What is SLB's interest-bearing debt ratio?

Per SLB's Q2 2026 earnings release (period ended June 30, 2026; Commission File No. 1-4601), total interest-bearing debt was $12,798M - short-term borrowings and current portion of long-term debt $1,658M + long-term debt $11,140M. Against a market cap of about $73.78B ($48.66/share, October 1, 2026, per Finnhub), debt / market cap is about 17.35% - below the ~33% ceiling, so Gate 2 passes. Cash and short-term investments of $4,071M are about 5.52% of market cap. Note: long-term debt rose from $9,742M at December 31, 2025 to $11,140M at June 30, 2026, partly financing the ChampionX acquisition (closed July 2025). Facts only.

What is SLB's non-compliant income ratio?

SLB's Q4/FY2025 earnings release (January 23, 2026) discloses interest income of $136M in its adjusted-EBITDA reconciliation (interest expense $558M less interest income $136M), against FY2025 revenue of $35,708M - about 0.38% of revenue, below the 5% non-compliant income ceiling, so Gate 3 passes. Note: the income statement also shows an 'Interest & other income' line of $481M for FY2025, which includes gains and other items beyond interest income; the pure interest income figure ($136M) is used for this screen. Facts only.

Do Zoya, Musaffa, or ShariaPortfolio cover SLB?

Zoya covers SLB at zoya.finance/stocks/slb, but its public page renders contradictory auto-generated template text (simultaneously calling SLB 'Shariah-compliant and therefore considered halal' and 'Shariah-compliant and therefore not considered halal'), so no clean Zoya rating is retrievable without the app - honestly reported as inconclusive. Zoya's page text also states FY2025 interest income of $217M (0.61% of revenue), which conflicts with SLB's own Q4/FY2025 release disclosure of $136M interest income - figures differ. Musaffa: no SLB page surfaced in search. ShariaPortfolio: no SLB entry found. All honestly reported as absent/inconclusive, not invented. This page applies the screen directly from SLB's own filings.

Sources

Screened 2026-10-01 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.

Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).