[Verification] If you had bought 1,000 shares of Schlumberger (SLB) (the world's largest oilfield services company) 20 years ago, what would they be worth today?

"What if you had bought shares in the world's largest oilfield services giant 20 years ago...?" This time, let's verify with Schlumberger (SLB), a technology group that boasts the top global market ...

XoooX 2026年9月25日 10:20 "What if you had bought shares in the world's largest oilfield services giant 20 years ago...?" This time, let's verify with Schlumberger (SLB), a technology group that boasts the top global market share in oil and natural gas drilling and oilfield exploration technology!

September 2006 was right in the middle of the "oil price boom," where crude oil prices were soaring due to the expansion of energy demand in emerging countries, starting with China.

If you had purchased 1,000 shares of SLB stock at this timing and left them completely untouched until today, how much would they be worth?

First, let's look at the stock price as of September 2006 and the purchase amount in Japanese yen.

At the time, the price was about $62 per share.

To purchase 1,000 shares, about 7.19 million yen in capital was required.

Let's follow the 20-year journey of SLB, which has weathered the intense volatility of oil prices!

The performance of oilfield services companies like SLB is strongly influenced by crude oil prices (such as WTI crude oil futures) and the capital expenditure of oil companies (such as Chevron and ExxonMobil).

2008/2014: During periods of high oil prices, the stock price soared to over $100!

2015–2020: Due to the crash in oil prices and the decline in energy demand during the COVID-19 pandemic, the stock price slumped to the $15 range at one point.

Recent years: With the recovery of oil prices and a shift toward digital technology and clean energy (decarbonization), the company changed its name to "SLB" and recovered its performance.

Note that since the 1:2 stock split in April 2006, no further splits have been conducted, so the number of shares held remains 1,000.

👉 While the stock price itself in US dollars is slightly lower than at the time of purchase (approx.

$62 → $48), due to the significant yen depreciation in recent years (116 yen → 150 yen), the stock valuation in Japanese yen has remained almost flat ( approx.

One of the attractions of the energy sector is dividend returns.

SLB has also continued to return cash to shareholders, despite fluctuations in dividends (including periods of dividend cuts) in line with business performance.

The cumulative dividend per share paid over the past 20 years totals around $21 .

Cumulative dividends: 1,000 shares × approx.

2.94 million yen (after currency conversion) While the stock price itself remained stagnant (sideways), these dividends reliably accumulated a positive return.

If you had purchased 1,000 shares of SLB in 2006 (for approx.

7.19 million yen): Item Amount (in Japanese yen) Initial investment (1,000 shares) approx.

7.19 million yen Current stock valuation (1,000 shares) approx.

7.2 million yen Cumulative dividends over 20 years approx.

2.94 million yen Total asset value approx.

10.14 million yen An initial investment of 7.19 million yen left untouched for 20 years has become approx.

It did not see the massive growth of high-tech stocks (like Nvidia) or payment stocks (like Visa), but it survived several harsh oil price crashes and achieved a total gain of approximately 3 million yen (about 1.4x).