Phillips 66 vs SLB (PSX vs SLB)
Phillips 66 (PSX) vs SLB (SLB) in plain English: P/E, growth, margins, debt and dividend side by side, key differences and which fits each investor profile.
Phillips 66 (PSX) and SLB (SLB) compete in oil and gas. Here are Phillips 66 and SLB side by side with their real figures as of November 4, 2026: what sets them apart, which fits each kind of investor and the most common questions, without telling you whether to buy Phillips 66 or SLB.
Phillips 66 vs SLB: the figures
| Figure | Phillips 66 | SLB |
|---|---|---|
| Share price | $259.63 (November 4, 2026) | $51.56 (November 4, 2026) |
| Market cap | $101.3 billion | $76.1 billion |
| P/E (TTM) | 8.3x | 25.0x |
| Forward P/E | 8.3x | 16.8x |
| Revenue growth (quarter) | +46.4% | +5.8% |
| Net margin (TTM) | 7.5% | 8.4% |
| Net debt / EBITDA | 0.8x | 1.2x |
| Dividend yield | 1.96% | 2.26% |
| Beta | 0.67 | 0.79 |
Phillips 66 and SLB figures from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026; N/A means that Phillips 66 or SLB figure is not available, and we never estimate it.
3 key differences between Phillips 66 and SLB
- Valuation: SLB trades at 25.0x its annual earnings and Phillips 66 at 8.3x; the market pays more for each dollar of SLB profit, usually because it expects more growth.
- Growth: Phillips 66 grew sales +46.4% year on year in its latest quarter, against +5.8% for SLB.
- Debt: SLB owes 1.2x its annual operating profit (EBITDA), while Phillips 66 owes 0.8x its EBITDA.
Phillips 66 or SLB: which fits your profile
- If you want growth: Phillips 66 is growing faster today, so it fits better with investors who put business growth first, usually accepting a higher P/E and a bumpier ride.
- If you want income (dividends): SLB pays the higher dividend relative to its price.
- If you prefer caution: Phillips 66 has less debt relative to its profit, which usually gives more room in a bad year.
- If price is what matters most to you: Phillips 66 trades on the lower P/E; check first whether that is an opportunity or a sign of a business that grows less.
Neither Phillips 66 nor SLB wins on everything, and owning both is also an option: spreading money across several companies or an index fund reduces what rides on each one.
How Phillips 66 and SLB make money
Phillips 66 (PSX)
This U.S. refiner, owner of the Conoco gas station brand, reports Midstream, with pipelines and natural gas liquids processing, Chemicals through its stake in Chevron Phillips Chemical, Refining, which turns crude into gasoline and diesel, Marketing and Specialties, and Renewable Fuels. It operates in the United States and Europe. Full Phillips 66 analysis.
SLB (SLB)
SLB, formerly Schlumberger, sells technology and services that help oil companies find, drill and produce from wells. Its divisions are Digital, Reservoir Performance, Well Construction and Production Systems, the last expanded by the ChampionX acquisition. Customers are national and international oil companies, with the Middle East and North America as key regions. Full SLB analysis.
Frequently asked questions: Phillips 66 vs SLB
Is Phillips 66 or SLB the better stock?
Choosing between Phillips 66 and SLB depends on what you are looking for. Phillips 66 is growing faster right now, and Phillips 66 trades on the lower P/E. Fintols does not tell you whether to buy Phillips 66 or SLB: it shows you the differences so you can decide.
Which pays a higher dividend, Phillips 66 or SLB?
As of November 4, 2026, SLB yields 2.26% and Phillips 66 yields 1.96%. Also check how much of their profit Phillips 66 and SLB pay out: if it is more than they earn, it cannot last.
Which is more expensive, Phillips 66 or SLB?
On P/E, SLB (25.0x) is more expensive than Phillips 66 (8.3x) as of November 4, 2026. A higher P/E can be justified if earnings grow faster, so compare it with each company's growth in the table.
Can I own both Phillips 66 and SLB?
Yes. Many people spread their money across several companies, such as Phillips 66 and SLB, or use index funds so they do not depend on just one. If you are starting out, decide how much you want to invest and for how long before buying Phillips 66 or SLB.
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More companies like Phillips 66 and SLB: oil and gas stocks. Educational content about Phillips 66 and SLB, not investment advice.