A new slim multidetector pulsed-neutron wireline-logging tool has been developed for openhole or casedhole formation evaluation saturation analysis and time-lapse monitoring. With a greater neutron source output and high-spectral resolution gamma ray detectors, the tool can be operated with reduced uncertainty or faster logging speeds. New, fully programable digital electronics provide a range of acquisition modes optimized for specific formation evaluation objectives. Neutrons are generated from a high-output pulsed-neutron generator, which propagates radially outward, passing through the borehole, completion material, and into the formation. Energy is lost through scattering, and neutrons are absorbed by the surrounding material. Gamma rays are emitted from scattering and absorption interactions at discrete energies, which can be measured by one of three spectral gamma scintillation detectors. The energy distribution of these incident gamma rays by inelastic and capture interactions is affected by the elemental composition of the material. A salinity-independent oil-water saturation assessment begins with the deconvolution of neutron-induced gamma ray inelastic spectra into constituent elemental components. Carbon-oxygen ratios (C/O) of elemental yields are then compared to a reference model to determine the relative saturation and porosity-filled volume of oil and water. In PNC (pulsed-neutron capture) acquisition mode, a salinity-dependent oil-water saturation assessment is determined from neutron capture cross section (sigma) measurements, which are compared to formation and porosity fluids using a mass balance approach. Gas saturation assessment is determined from gas-sensitive inelastic (RIN13) and capture (RATO13) ratios. Gas ratios are compared to a reference model to assess the relative saturation of fluids, typically distinguishing gas from water or gas from oil. Gas saturation is not limited to hydrocarbon components and can also be used for saturation analysis of H2, He, CO2, N2, and other non-hydrocarbon-bearing components. A new Omni-mode acquisition combining simultaneous PNC and C/O measurements was also developed. This acquisition mode provides advantages in reducing multipass logging typically required from separate PNC and C/O acquisitions. By including PNC neutron capture sigma, gas-sensitive neutron capture and inelastic measurements, and C/O inelastic measurements, the simultaneous Omni-mode (PNC+C/O) acquisition is specifically optimized for three-phase saturation analysis applications, including baseline CO2 sequestration evaluation for carbon capture, utilization, and storage (CCUS) CO2 and steamflood time-lapse monitoring. Results from a field example are presented to demonstrate the new technology with spectral C/O saturation analysis compared to traditional windows C/O analysis and to compare the performance of the next-generation tool to the legacy tool. Multiphase saturations from C/O and RIN13 measurements and compatibility with legacy interpretations for time-lapse saturation monitoring are also presented.