OGE vs. SLB
OGE (OGE Energy Corp.) and SLB (SLB N.V.) are both stocks. OGE operates in Utilities - Regulated Electric (Utilities), while SLB operates in Oil & Gas Equipment & Services (Energy). Over the past 10 years, OGE returned 8.85%/yr vs -1.84%/yr for SLB. At a 0.24 correlation, their price movements are largely independent.
Performance
OGE vs. SLB - Performance Comparison
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Returns By Period
In the year-to-date period, OGE achieves a 15.42% return, which is significantly lower than SLB's 25.91% return. Over the past 10 years, OGE has outperformed SLB with an annualized return of 8.85%, while SLB has yielded a comparatively lower -1.84% annualized return.
OGE
- 1D
- 1.43%
- 1M
- -0.35%
- YTD
- 15.42%
- 6M
- 14.67%
- 1Y
- 12.22%
- 3Y*
- 15.50%
- 5Y*
- 12.21%
- 10Y*
- 8.85%
SLB
- 1D
- -0.33%
- 1M
- -16.13%
- YTD
- 25.91%
- 6M
- 26.50%
- 1Y
- 45.55%
- 3Y*
- 3.44%
- 5Y*
- 9.90%
- 10Y*
- -1.84%
OGE vs. SLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OGE OGE Energy Corp. | 15.42% | 7.60% | 23.69% | -7.54% | 7.58% | 26.54% | -24.91% | 17.54% | 23.90% | 1.95% |
SLB SLB N.V. | 25.91% | 3.27% | -24.47% | -0.78% | 81.15% | 40.30% | -43.81% | 17.73% | -44.66% | -17.37% |
Correlation
The correlation between OGE and SLB is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 1987 | 0.24 |
Over the past year, the correlation between OGE and SLB has dropped to 0.01 - well below their long-term average of 0.24, suggesting their price drivers have been diverging.
Fundamentals
OGE:
$2.25
SLB:
$3.04
OGE:
21.48
SLB:
15.70
OGE:
3.01
SLB:
1.44
OGE:
$3.27B
SLB:
$35.94B
OGE:
$1.93B
SLB:
$4.90B
OGE:
$1.24B
SLB:
$5.30B
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Return for Risk
OGE vs. SLB — Risk / Return Rank
OGE
SLB
OGE vs. SLB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for OGE Energy Corp. (OGE) and SLB N.V. (SLB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| OGE | SLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.24 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 2.60 | -1.33 |
| Martin ratioReturn relative to average drawdown | 2.68 | 7.66 | -4.98 |
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Drawdowns
OGE vs. SLB - Drawdown Comparison
The maximum OGE drawdown since its inception was -48.85%, smaller than the maximum SLB drawdown of -87.64%. Use the drawdown chart below to compare losses from any high point for OGE and SLB.
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Drawdown Indicators
| OGE | SLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.85% | -87.64% | +38.79% |
Max Drawdown (1Y)Largest decline over 1 year | -9.65% | -17.62% | +7.97% |
Max Drawdown (3Y)Largest decline over 3 years | -13.65% | -46.63% | +32.98% |
Max Drawdown (5Y)Largest decline over 5 years | -21.94% | -46.63% | +24.69% |
Max Drawdown (10Y)Largest decline over 10 years | -48.85% | -84.29% | +35.44% |
Current DrawdownCurrent decline from peak | -2.99% | -43.45% | +40.46% |
Average DrawdownAverage peak-to-trough decline | -9.24% | -31.19% | +21.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.57% | 5.96% | -1.39% |
Volatility
OGE vs. SLB - Volatility Comparison
The current volatility for OGE Energy Corp. (OGE) is 6.42%, while SLB N.V. (SLB) has a volatility of 11.69%. This indicates that OGE experiences smaller price fluctuations and is considered to be less risky than SLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OGE | SLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.42% | 11.69% | -5.27% |
Volatility (6M)Calculated over the trailing 6-month period | 12.56% | 26.68% | -14.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.29% | 34.73% | -18.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.74% | 37.65% | -18.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.98% | 40.49% | -18.51% |
Dividends
OGE vs. SLB - Dividend Comparison
OGE's dividend yield for the trailing twelve months is around 3.51%, more than SLB's 2.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OGE OGE Energy Corp. | 3.51% | 3.95% | 4.06% | 4.75% | 4.16% | 4.21% | 4.91% | 3.33% | 3.48% | 3.77% | 3.37% | 3.90% |
SLB SLB N.V. | 2.43% | 2.97% | 2.87% | 1.92% | 1.22% | 2.09% | 4.01% | 4.98% | 5.54% | 2.97% | 2.38% | 2.87% |
Financials
OGE vs. SLB - Financials Comparison
This section allows you to compare key financial metrics between OGE Energy Corp. and SLB N.V.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
OGE vs. SLB - Profitability Comparison
OGE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, OGE Energy Corp. reported a gross profit of 616.10M and revenue of 752.60M. Therefore, the gross margin over that period was 81.9%.
SLB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, SLB N.V. reported a gross profit of 0.00 and revenue of 8.72B. Therefore, the gross margin over that period was 0.0%.
OGE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, OGE Energy Corp. reported an operating income of 113.10M and revenue of 752.60M, resulting in an operating margin of 15.0%.
SLB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, SLB N.V. reported an operating income of 0.00 and revenue of 8.72B, resulting in an operating margin of 0.0%.
OGE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, OGE Energy Corp. reported a net income of 50.20M and revenue of 752.60M, resulting in a net margin of 6.7%.
SLB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, SLB N.V. reported a net income of 752.00M and revenue of 8.72B, resulting in a net margin of 8.6%.
Frequently Asked Questions
OGE and SLB have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLB has higher volatility (11.69%) compared to OGE (6.42%). In terms of maximum drawdown, OGE dropped -48.85% vs SLB's -87.64%.
SLB currently has the higher Sharpe Ratio (1.34 vs 0.76), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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