Společnost SLB oznámila koupi Kelvion za zhruba 4,1 miliardy USD, čímž posiluje sázku na datová centra. Management cílí na tržby 4,5 až 5 miliard USD v roce 2028 v tomto segmentu.
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SLB NYSE: SLB just made a clear bet that data centers, not oil wells, define its next decade. On Aug. 31, the company announced it has signed an agreement to acquire Kelvion, a century-old thermal-management specialist, for approximately $3.4 billion in cash and the assumption of approximately $0.7 billion of debt, bringing the total transaction value to approximately $4.1 billion.
Most coverage framed it as another modular infrastructure tuck-in to the company's existing oil services business. That undersells it.
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Paired with SLB's expanding NVIDIA NASDAQ: NVDA partnership and its rapidly scaling Data Center Solutions unit, the Kelvion deal signals SLB is building a genuine second growth engine. Management is targeting $4.5 billion to $5 billion in 2028 revenue for the combined Data Center Solutions business. The real question for investors: Is that engine big enough to change how the market values the company's stock?
SLB’s $4.1 Billion Kelvion Acquisition Adds Data Center GrowthKelvion isn't a startup chasing the AI boom. Founded more than 100 years ago, the company is expected to generate $2.3 billion to $2.4 billion in revenue in 2026 and $350 million to $400 million in adjusted EBITDA. Data centers are already its largest and fastest-growing segment, projected to contribute $1.2 billion to $1.3 billion of that revenue this year.
Kelvion booked $1.5 billion in orders in the first half of 2026 alone, up 43% year-over-year. This is a scaled, profitable business SLB is buying at a reasonable multiple.
SLB’s NVIDIA Partnership Strengthens Its Data Center StrategyThe strategic logic builds directly on work SLB was already doing. In March, SLB expanded its partnership with NVIDIA to become the modular design partner for NVIDIA's DSX AI factories, alongside a joint "AI Factory for Energy" initiative.
SLB's Data Center Solutions revenue has grown at a compound annual rate exceeding 90% since 2024, with more than 2 gigawatts of delivered capacity. Cooling was the missing piece. CEO Olivier Le Peuch said the deal "more than doubles" SLB's revenue opportunity per gigawatt delivered, turning modular construction into a fuller-service data-center platform rather than a single-discipline contractor.
Why SLB’s Kelvion Deal Can Be Accretive Despite Higher DebtSLB is financing the deal with existing cash and debt, not new shares, which matters for the accretion language in the press release. Because share count won't change, earnings per share (EPS) accretion depends only on whether Kelvion's earnings outpace the after-tax cost of the new debt.
At roughly 11 times 2026 EBITDA before synergies—an implied yield near 9%—Kelvion clears that bar comfortably against SLB's investment-grade borrowing costs, even before the $120 million in annual synergies management expects within three years. SLB says leverage stays within its 1.5x net debt-to-EBITDA target, preserving the balance sheet discipline it has emphasized to shareholders.
SLB Stock Faces a Perception Gap as Oilfield Earnings DeclineThis company's last four earnings reports reveal an earnings-per-share (EPS) story that provides important context for the Kelvion deal. SLB has beaten consensus EPS estimates in recent quarters, but adjusted EPS continues to decline year over year (YOY). It was down 26% in the second quarter of 2026 and 28% in the first quarter, as oilfield pricing softened and Middle East disruptions weighed on the Production Systems segment.
Full-year 2025 adjusted EPS fell approximately 24%. Headlines will continue to focus on the beats. The more relevant fact is that the company's legacy business is under real, sustained pressure. This raises the stakes on Kelvion rather than lowering them. A credible, scaling second growth engine matters more, not less, when the core business is shrinking.
Can SLB’s Data Center Business Become a Meaningful Growth Engine?Even at the high end of the $4.5 billion to $5 billion 2028 target, data centers would represent roughly 12% to 14% of SLB's current revenue base of approximately $36 billion. That's meaningful, but not yet transformative.
Kelvion alone won't re-rate SLB into a technology multiple. But layered onto sustained 90%-plus growth in Data Center Solutions, an active NVIDIA partnership, and now a profitable thermal-management platform, it's a credible enough trajectory that investors should start pricing SLB as two businesses rather than one — even if the second one is still the smaller of the pair.
SLB Stock Technical Analysis: Can $55 Hold as Support?The chart adds a technical layer to that argument. SLB shares spiked from the mid-$50s to a 52-week high over $60 immediately after the Kelvion announcement, then pulled back to close near $57.16. That's a classic sell-the-news retracement following an initial pop.
Even after that pullback, SLB trades comfortably above both its 50-day ($50.35) and 200-day ($48.84) simple moving averages, and both are trending higher, which is a constructive setup technically.
The prior range top near $55, tested repeatedly from March through June before a summer sell-off dragged shares to the mid-$40s, is now acting as support rather than resistance. As long as SLB holds that zone, the technical trend still favors buyers digesting the news rather than a market losing conviction in the deal.
SLB Stock Outlook: Kelvion Deal Could Reshape the Growth Story81st Percentile
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Kelvion won't turn SLB into a data-center pure play overnight.
Investors also must consider that a closing timeline stretching into the first half of 2027 leaves plenty of room for integration risk and regulatory review to intrude.
But the deal sharpens a thesis that's been building since the NVIDIA expansion. SLB is diversifying away from a legacy business that's still losing ground YOY and financing the move without diluting shareholders.
Since the announcement, the SLB analyst forecasts on MarketBeat show three analysts have reiterated a Buy or equivalent rating on SLB. The chart suggests the market is only just now starting to notice.
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SLB získala díky nové smlouvě s PDVSA přístup k datům o venezuelských ropných polích a pomůže je digitalizovat a modernizovat. Venezuela tak po letech dostane první externí pohled na klíčové statistiky ropného sektoru.
A contract that SLB (SLB.N) and Venezuela's state-run PDVSA signed last week has granted the U.S. oil services and technology company access to oilfield data from the country with the world's largest crude reserves, three sources close to the negotiations said.
The deal will allow SLB to organize and upgrade PDVSA's vast but outdated databases following years of neglect and a recent cyberattack, according to the sources.
Venezuela has not published routine oil statistics in more than a decade and the latest annual bulletin released by the oil ministry was in 2015. Except for limited output data reported monthly to OPEC, the lack of information has become a major obstacle to promoting oilfields for investment and tracking core activities like output, refining and exports.
From reservoir characterization to real-time crude production, the contract between PDVSA and SLB will involve data management and provide essential services. The companies have not disclosed the reach of the contract, but the sources said SLB will be able to use new technology, including artificial intelligence, to expand, modernize and make Venezuela's oil data reliable again.
"The agreement's goal is to help PDVSA and the oil ministry to digitize and consolidate all data of the oil industry," one of the sources said, adding the contract also involves technology transfer and training. If a new entrant needs data about an oilfield it is interested in, it can be taken from a cloud, the person added.
Since being the target of a ransomware attack late last year that knocked down applications from email to a key contract administration software, PDVSA has been plagued by information chaos. The company's staff is communicating through rudimentary free-access services like Telegram, while facilities are operating independently of a centralized system, the sources said.
In recent months, PDVSA has managed to patch its main applications, but it needs to migrate systems — particularly its geological and production databases — to new providers and implement modern tracking tools, they added.
"Functionality is in recovery phase, but lots of data were lost due to damages to the servers," one of the sources said. "Some data needs to be rebuilt from paper copies."
CONTRACT FOLLOWS YEARS OF DELAYED PAYMENTS
Many other details of the contract with SLB, including duration and payment mechanism, remain unknown.
Payments in kind, including with crude, were discussed with SLB as part of negotiations. Any money transfers are expected to be complicated, with the U.S. in control of all revenue from the country's oil exports, leaving Venezuela little room to negotiate.
Last week, Venezuela's oil ministry and the U.S. embassy in Caracas confirmed that an agreement with SLB had been signed with PDVSA to "modernize exploration and production."
SLB's head for Mexico, Central America and Venezuela, William Antonio, said last week at a conference in Houston the contract with PDVSA started immediately after it was signed. The companies have not provided additional details and did not immediately reply to requests for comment.
In 2019, Washington imposed harsh sanctions on Venezuela's energy sector. PDVSA defaulted on billions of dollars in already delayed payments to companies including oilfield service firms such as SLB.
Companies now willing to work with PDVSA are taking precautions to avoid new payment issues, many oil executives have said.
Another major obstacle for any service contract is a myriad of software and application patches PDVSA has installed as workarounds due to sanctions preventing U.S. technology providers from working with Venezuela's state companies.
Despite the challenges, SLB is set to give a first external look to PDVSA's main statistics, which Venezuela has guarded intensively in recent decades.
SLB (SLB - Free Report) closed the most recent trading day at $53.29, moving -1.31% from the previous trading session. This change lagged the S&P 500's 0.32% gain on the day. At the same time, the Dow added 0.3%, and the tech-heavy Nasdaq gained 0.66%.
Heading into today, shares of the world's largest oilfield services company had gained 4.79% over the past month, outpacing the Business Services sector's gain of 4.23% and the S&P 500's gain of 3.34%.
Analysts and investors alike will be keeping a close eye on the performance of SLB in its upcoming earnings disclosure. In that report, analysts expect SLB to post earnings of $0.62 per share. This would mark a year-over-year decline of 10.14%. Our most recent consensus estimate is calling for quarterly revenue of $9.29 billion, up 4.04% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.5 per share and a revenue of $37.11 billion, representing changes of -14.68% and +3.93%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for SLB. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.22% higher. SLB is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that SLB has a Forward P/E ratio of 21.58 right now. For comparison, its industry has an average Forward P/E of 18.19, which means SLB is trading at a premium to the group.
It's also important to note that SLB currently trades at a PEG ratio of 3.56. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Technology Services was holding an average PEG ratio of 1.37 at yesterday's closing price.
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 166, putting it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
SLB kupuje německou společnost Kelvion za 3,4 mld. USD v hotovosti a převezme i zhruba 0,7 mld. USD dluhu. Akvizice má posílit jeho podnikání v chlazení datových center.
Americká společnost SLB (dříve Schlumberger), která poskytuje služby v oblasti ropného průmyslu, oznámila, že podepsala dohodu o akvizici německé firmy Kelvion, globálního dodavatele technologií tepelného managementu a výměny tepla. Kupní cena činí přibližně 3,4 mld. USD v hotovosti, k tomu SLB převezme dluh ve výši zhruba 0,7 mld. USD. Prodávajícími jsou fondy spravované Apollem jako většinovým vlastníkem a fondy poradensky spravované společností Triton, které drží menšinový podíl.
Kelvion má za rok 2026 očekávané tržby 2,3 až 2,4 mld. USD a očištěný zisk EBITDA 350 až 400 mil. USD, datová centra jsou jeho největší a nejrychleji rostoucí koncový trh s očekávanými tržbami 1,2 až 1,3 mld. USD.
SLB očekává, že akvizice bude v prvních 12 měsících po uzavření přispívat k růstu zisku na akcii i volného hotovostního toku na akcii. Transakce by měla být uzavřena v první polovině roku 2027, podmínkou jsou regulatorní schválení.
„AI pohání nejvýznamnější investiční cyklus do infrastruktury za našeho života," uvedl Olivier Le Peuch, generální ředitel SLB. „Tato transakce urychluje naši ambici stát se průmyslovým technologickým partnerem odvětví datových center a pomáhat zákazníkům zvládat rostoucí komplexitu infrastruktury potřebné ke škálování AI. Kelvion posouvá naši cestu k integrovanějším řešením infrastruktury datových center, rozšiřuje náš adresovatelný trh — více než zdvojnásobuje naši tržbovou příležitost na gigawatt dodané kapacity — a umožňuje nám škálovat jak naši nabídku, tak globální dosah tohoto byznysu."
Akcie SLB Akcie SLB (SLB) v předburzovní fázi obchodování roste o 1,99 % na 58,47 USD.
Advisors Capital Management ve 2. čtvrtletí snížila podíl v SLB o 17,4 % a prodala 22 787 akcií. Po transakci držela 108 453 akcií v hodnotě 5,042 milionu USD.
Advisors Capital Management LLC decreased its position in shares of SLB Limited (NYSE:SLB – Free Report) by 17.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 108,453 shares of the oil and gas company’s stock after selling 22,787 shares during the quarter. Advisors Capital Management LLC’s holdings in SLB were worth $5,042,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in SLB. Evergreen Advisors LLC bought a new stake in SLB in the 1st quarter worth about $26,000. MV Capital Management Inc. purchased a new stake in shares of SLB during the 4th quarter valued at about $28,000. Strategic Wealth Advisors LLC purchased a new stake in shares of SLB during the 4th quarter valued at about $30,000. Costello Asset Management INC grew its stake in shares of SLB by 93.3% in the first quarter. Costello Asset Management INC now owns 580 shares of the oil and gas company’s stock worth $30,000 after acquiring an additional 280 shares during the period. Finally, Lloyd Advisory Services LLC. purchased a new position in shares of SLB during the fourth quarter valued at approximately $31,000. Institutional investors own 81.99% of the company’s stock.
SLB Stock Up 0.3% NYSE SLB opened at $53.71 on Friday. SLB Limited has a 52 week low of $31.64 and a 52 week high of $58.82. The company has a quick ratio of 1.05, a current ratio of 1.44 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $79.71 billion, a P/E ratio of 25.95, a price-to-earnings-growth ratio of 3.53 and a beta of 0.73. The stock’s 50-day moving average price is $49.34 and its 200-day moving average price is $51.22.
SLB (NYSE:SLB – Get Free Report) last announced its quarterly earnings data on Saturday, July 25th. The oil and gas company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. The firm had revenue of $8.97 billion during the quarter, compared to analysts’ expectations of $8.67 billion. SLB had a net margin of 8.53% and a return on equity of 14.05%. During the same period in the prior year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities research analysts predict that SLB Limited will post 2.5 earnings per share for the current year. SLB Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 2nd will be issued a $0.295 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $1.18 dividend on an annualized basis and a yield of 2.2%. SLB’s payout ratio is currently 57.00%.
SLB News Roundup Here are the key news stories impacting SLB this week:
Positive Sentiment: Venezuela expansion could add meaningful work. SLB is preparing to restart as many as 15 oil rigs in Venezuela and is working with Formentera Partners to reactivate existing equipment or bring in additional rigs. Venezuela also signed agreements with SLB and other companies aimed at increasing oil production, potentially creating new drilling and well-services revenue. SLB Prepares to Restart 15 Oil Rigs in Venezuela SLB, Formentera working to activate drilling rigs in Venezuela Venezuela Signs Deals With SLB and Hunt Positive Sentiment: New offshore work in Brunei adds backlog visibility. Shell selected SLB for a production-restoration project offshore Brunei, providing another international contract and reinforcing demand for SLB’s technical services. Shell Taps SLB for Production Restarts offshore Brunei Positive Sentiment: Industry spending trends remain supportive. Commentary on rising upstream capital spending and SLB’s EnerCom presentation highlights the potential for increased customer activity, particularly in international and offshore markets. This supports the company’s longer-term revenue outlook. What Could Rising Upstream Spending Mean for SLB SLB Presents at the EnerCom Energy Investment Conference Neutral Sentiment: Risks temper the bullish impact. Venezuela projects may face sanctions, operational, payment and political risks, while higher long-term Treasury yields could pressure income-oriented stocks and raise financing costs across the energy sector. Dividend Stocks and Rising Treasury Yields Analyst Ratings Changes A number of research firms recently commented on SLB. Evercore reiterated an “outperform” rating and set a $66.00 price objective on shares of SLB in a research report on Monday, July 27th. BMO Capital Markets raised their target price on SLB from $59.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. JPMorgan Chase & Co. boosted their price target on SLB from $54.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Piper Sandler upped their price target on shares of SLB from $59.00 to $64.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Finally, Citigroup lowered their price objective on shares of SLB from $68.00 to $63.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.35.
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SLB Profile (Free Report)
SLB (NYSE: SLB), historically known as Schlumberger, is a leading global provider of technology, integrated project management and information solutions for the energy industry. Founded by Conrad and Marcel Schlumberger in 1926, the company develops and supplies products and services used across the exploration, drilling, completion and production phases of oil and gas development. Its offerings are intended to help operators characterize reservoirs, drill and complete wells, optimize production and manage field operations throughout the asset lifecycle.
SLB’s product and service portfolio spans reservoir characterization and well testing, wireline and logging services, directional drilling and drilling tools, well construction and completion technologies, production systems, and subsea equipment.
Read More Five stocks we like better than SLB 3 Energy Stocks Raising Dividends as the Sector Surges 5 Reasons the S&P 500 Could Keep Rallying Through Year-End Walmart’s Post-Earnings Drop Could Be a Buying Opportunity The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future Want to see what other hedge funds are holding SLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SLB Limited (NYSE:SLB – Free Report).
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SLB čeká v roce 2026 asi 30% růst konečných investičních rozhodnutí u dlouhodobých projektů, tažený hlubokomořskou těžbou a průzkumem. Digitální tržby ve 2. čtvrtletí vzrostly o 18 % na 697 milionů USD.
Key Takeaways SLB expects long-cycle project decisions to rise about 30% in 2026, led by deepwater and exploration.SLB's digital revenue rose 18% to $697 million, while margin expanded to 27.8% in the second quarter.ChampionX added $865 million to Production Systems revenue, as Middle East disruption hit near-term results. SLB (SLB - Free Report) is leaning more heavily on three growth engines as the oilfield services cycle resets: international and offshore activity, digital adoption and a broader production-focused portfolio.
Those drivers give the company a clearer path into 2027, but the near-term setup is uneven. Middle East disruption, weaker year-over-year earnings and elevated net debt continue to weigh on the outlook.
SLB’s Offshore Scale Supports the Next UpcycleEnergy security, reserve replacement and supply diversification are supporting upstream investment across both short- and long-cycle markets. SLB expects final investment decisions for long-cycle projects to rise about 30% year over year in 2026, led by deepwater activity and higher exploration spending.
That matters because SLB has broad exposure to exploration, deepwater development, production and recovery. Excluding the Middle East, second-quarter revenues increased sequentially across all divisions, helped by higher offshore activity in Brazil, Guyana, Mexico, Scandinavia and Nigeria.
Halliburton Company (HAL - Free Report) remains a key oilfield services peer for investors tracking drilling and completion activity. Baker Hughes Company (BKR - Free Report) is also relevant to the broader energy technology and services discussion, particularly where upstream activity intersects with infrastructure and equipment demand.
Digital Growth Expands SLB’s Margin OpportunityDigital was one of SLB’s clearest bright spots in the second quarter. Segment revenues increased 18% year over year to $697 million, while pretax operating income rose 27% to $194 million.
The margin story was stronger than the revenue gain. Digital pretax operating margin expanded 187 basis points year over year to 27.8%, supported by exploration data licenses and transfer fees, improved profitability in Digital Operations and better performance in Platforms & Applications.
SLB also benefited from rising software-as-a-service-based revenues, even as perpetual license sales declined. Annualized recurring revenue for the Digital division reached $1.04 billion as of June 30, 2026, up 15% year over year, giving the business a more durable revenue base.
SLB Adds Production Depth Through ChampionXChampionX expands SLB’s reach in production chemicals, artificial lift and technologies tied to recovery and asset-life extension. That aligns with customer priorities around improving production from existing assets rather than only developing new resources.
Production Systems revenues increased 29% year over year to $3.77 billion in the second quarter. Still, the headline gain needs context. ChampionX contributed $865 million of Production Systems revenues, and excluding the acquisition impact, Production Systems revenues declined 1% year over year.
Sequentially, the division showed better operating traction. Revenues rose 7%, while adjusted EBITDA increased 14%, helped by OneSubsea activity and higher sales of artificial lift, valves, surface production systems and completions.
Middle East Risks Cloud SLB’s Near-Term OutlookThe Middle East remains the largest near-term uncertainty. Middle East revenues fell 13% sequentially to $1.66 billion in the second quarter as conflict-related disruption constrained activity.
Reservoir Performance and Well Construction absorbed much of the pressure. Reservoir Performance revenues declined 2% sequentially, while Well Construction revenues also fell 2%, with the Middle East disruption partly offset by stronger activity elsewhere.
Management’s third-quarter base case assumes gradual remobilization. A renewed escalation that keeps Middle East revenues flat could lower third-quarter revenues by about $150 million and adjusted EBITDA by about $75 million relative to the base case.
SLB’s Earnings Surprise Record Adds SupportSLB has exceeded the Zacks Consensus Estimate in the past four quarters, delivering an average earnings surprise of 4.94%. Such consistent earnings outperformance highlights the company's operational strength despite the cyclical nature of the energy industry.
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SLB’s Signals Point to a Cautious SetupSLB’s growth case is visible, but the stock’s current setup remains cautious. Offshore momentum, digital expansion and ChampionX-related production depth are offset by earnings sensitivity, Middle East uncertainty and net debt of $8.7 billion.
The stock currently carries a Zacks Rank #5 (Strong Sell), which signals a weak short-term earnings outlook. SLB has a Value Score of B, showing relative valuation appeal, but that is not reinforced by its Growth Score of D or Momentum Score of F.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The composite VGM Score of C indicates a mixed profile across value, growth, and momentum characteristics. For now, SLB’s longer-cycle opportunities remain meaningful, but the Zacks Rank and weaker style-score mix argue for caution until earnings growth and momentum improve.
SLB ve 2. čtvrtletí zvýšila tržby o 5 % na 8,97 miliardy USD a upravený zisk na akcii 0,55 USD překonal odhad analytiků 0,52 USD. Akcie za týden vzrostly o 11,01 %.
Shares of SLB (SLB +11.01%) climbed last week after the oilfield services leader reported higher-than-expected sales and profits.
Image source: Getty Images.
Energy security and AI-fueled gains SLB's revenue rose 5% year over year to $8.97 billion in the second quarter.
CEO Olivier Le Peuch said the ongoing conflict in the Middle East is driving its customers to prioritize "energy security, supply diversification, and production capacity expansion." Companies are also investing in technology to extend the useful lives of their energy assets.
At the same time, SLB is expanding into lucrative new markets. First among these is the artificial intelligence (AI) industry, for which SLB offers modular infrastructure manufacturing, engineering, and design services.
SLB's data center revenue soared 80%, placing it on pace to surpass a $1 billion annualized run rate by the end of 2026 and $2 billion by the end of next year.
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All told, SLB's adjusted earnings checked in at $0.55. That topped Wall Street's estimates, which had called for per-share profits of $0.52, according to Yahoo! Finance.
Demand for SLB's offerings is set to rise War in the Middle East is forcing governments and companies to rethink their energy strategies. Dependable energy supplies are becoming even more valuable, and the businesses that can help to ensure them are likely to see rising demand for their services in the coming years.
SLB, as a respected leader in the oil and gas services industry, is well-positioned to help meet the world's need for reliable and cost-effective energy.
Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
SLB vykázala ve 2. čtvrtletí tržby ve výši 9 miliard USD, mezičtvrtletně o 3 % vyšší, a upravený EPS činil 0,55 USD. Růst mimo Blízký východ kompenzoval 13% pokles tržeb v regionu.
AI’s Power Crunch Fuels a Pivot for These 2 Oilfield StocksSLB NYSE: SLB reported second-quarter revenue of $9 billion, up 3% sequentially, as growth in Latin America, Europe and Africa, U.S. land and Asia more than offset disruptions in the Middle East. Adjusted earnings per share were $0.55, up $0.03 from the prior quarter but down $0.19 from a year earlier, according to Chief Financial Officer Stephane Biguet.
The company said Middle East revenue declined 13% sequentially to $1.66 billion amid conflict-related operational disruptions. SLB took temporary cost actions to limit the earnings impact, and Biguet said the resulting effect on earnings per share was slightly below the low end of the company’s previously indicated $0.06 to $0.08 range.
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MarketBeat Week in Review – 05/04 - 05/08Despite those disruptions, SLB said its pre-tax segment operating margin increased 49 basis points sequentially and adjusted EBITDA margin rose 83 basis points.
Production Systems and Digital Lead Growth Chief Executive Officer Olivier Le Peuch said growth outside the Middle East was broad-based, supported by higher offshore activity in Brazil, Guyana, Mexico, Scandinavia, Nigeria, China, Indonesia, India and Australia. U.S. land activity also improved, with higher demand for production chemicals, artificial lift and valves.
SLB’s Tough Quarter Masks a Powerful Long-Term ShiftProduction Systems was the company’s largest division in the quarter, with revenue rising 7% sequentially to $3.8 billion. The increase was driven by OneSubsea, artificial lift, valves, surface production systems and completions. Pre-tax operating margin improved 138 basis points to 15.5%, aided by better profitability in OneSubsea and artificial lift, as well as contributions from ChampionX’s Production Chemicals and Artificial Lift businesses.
Le Peuch said Production Systems adjusted EBITDA margins returned to above 20%. He added that ChampionX delivered sequential margin expansion for a third consecutive quarter despite inflation in chemicals.
Digital revenue increased 9% sequentially to $697 million, while pre-tax operating margin rose 683 basis points to 27.8%. Digital adjusted EBITDA margin reached 34.7%, up 860 basis points sequentially, driven by exploration data licenses and transfer fees in Brazil and Indonesia, along with improved profitability in digital operations, platforms and applications. SLB said digital annual recurring revenue increased 15% year over year.
Reservoir Performance revenue declined 2% sequentially to $1.6 billion, and Well Construction revenue also fell 2% to $2.7 billion, primarily because of Middle East disruptions. Well Construction margin was essentially flat as lower profitability in the Middle East was offset by improved profitability in North America and Latin America.
Middle East Recovery Remains Uneven Management said activity resumed in several Middle Eastern countries during the quarter, though operations in Iraq remained constrained by security concerns. Le Peuch said recovery will vary by country, customer and operating environment, and a return to full activity will take time.
During the question-and-answer session, Le Peuch said customer engagement had increased as operators plan to restore shut-in wells, expand capacity and deploy production-recovery solutions. He said activity had been restored and was strengthening in the United Arab Emirates, Qatar and, to some extent, Saudi Arabia, while Iraq remained more constrained.
SLB expects initial recovery work to include well intervention, production chemicals, coiled tubing and other ChampionX-related production and recovery offerings. Management also said the disruption could accelerate interest in digital tools to optimize existing wells and operations.
For the third quarter, SLB’s base case assumes a gradual Middle East recovery and calls for global sequential revenue growth of 3% to 4%, with approximately 75 basis points of adjusted EBITDA margin expansion. Core-division revenue is expected to rise in the low- to mid-single digits, while Digital revenue is projected to increase in the low single digits.
The company also outlined a downside scenario in which renewed escalation prevents remobilization efforts and leaves Middle East revenue flat sequentially. In that case, third-quarter revenue would be about $150 million below its base case and adjusted EBITDA would face an approximately $75 million headwind, primarily in Well Construction and Reservoir Performance.
Deepwater Activity and Fourth-Quarter Outlook Le Peuch said the market is beginning to show characteristics of an upcycle, citing the need to replenish inventories and strategic reserves, diversify supply, develop domestic resources and rebuild spare capacity. He said third-party reports indicate final investment decisions for long-cycle projects could increase about 30% year over year in 2026.
SLB expects stronger exploration spending and deepwater capital investment during the second half of 2026, led by Africa, with a more meaningful impact in 2027 across Latin America, the Mediterranean and Asia. Management also highlighted continued activity in Brazil, Guyana, Suriname, the North Sea and the Gulf of America.
The company reiterated its ambition for OneSubsea bookings to reach $9 billion over two years. Le Peuch said SLB is expanding its subsea portfolio, including trees, manifolds, umbilicals, processing and boosting solutions, while pursuing life-of-field service capabilities and alliances with customers and partners.
For the fourth quarter, SLB expects Middle East revenue of $2.1 billion to $2.2 billion, or roughly 95% of the level achieved in the fourth quarter of 2025. Assuming that recovery, continued deepwater momentum and typical year-end Digital product sales, the company expects fourth-quarter revenue to exceed $10 billion, representing about 5% year-over-year growth. Adjusted EBITDA margin is expected to be about 24%.
Data Center Business Expands SLB said its data center solutions revenue grew 33% sequentially and 80% year over year. The business added hyperscaler customers and expanded from equipment manufacturing into data center design, engineering and system integration.
Le Peuch said SLB uses off-site fabrication to produce modular equipment for server infrastructure and cooling systems, aiming to provide customers with shorter delivery times and scalable deployment. The company said its backlog is already sufficient to support an annualized revenue run rate exceeding $2 billion by the end of 2027.
Biguet said the data center business is not currently accretive to SLB’s overall margins, but it is accretive to revenue and earnings growth and has strong free-cash-flow characteristics because of its capital-light business model and contract terms.
SLB generated $1.4 billion in cash flow from operations and $716 million in free cash flow during the quarter. It ended the period with net debt of $8.7 billion, repurchased $648 million of stock, and maintained its full-year target to return more than $4 billion to shareholders through dividends and buybacks.
About SLB (NYSE:SLB)SLB NYSE: SLB, historically known as Schlumberger, is a leading global provider of technology, integrated project management and information solutions for the energy industry. Founded by Conrad and Marcel Schlumberger in 1926, the company develops and supplies products and services used across the exploration, drilling, completion and production phases of oil and gas development. Its offerings are intended to help operators characterize reservoirs, drill and complete wells, optimize production and manage field operations throughout the asset lifecycle.
SLB's product and service portfolio spans reservoir characterization and well testing, wireline and logging services, directional drilling and drilling tools, well construction and completion technologies, production systems, and subsea equipment.
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SLB za 2. čtvrtletí překonal odhad zisku: upravený zisk byl 55 centů na akcii proti očekávaným 51 centům. Tržby vzrostly na 8,97 miliardy USD, hlavně díky 36% růstu v Severní Americe.
The entrance to oilfield service provider SLB’s office, in Houston, Texas, U.S., showing the former Schlumberger's new name and logo is seen in this handout image taken in June 2023.... Purchase Licensing Rights, opens new tab Read more
July 24 (Reuters) - SLB (SLB.N), opens new tab beat expectations for second-quarter profit on Friday, as resilient demand across key markets helped the top U.S. oilfield services firm ride out weakness in the Middle East due to the Iran war, sending its shares up 2% before the bell.
Frequent flare-ups in the war, now in its fifth month, have kept a crucial oil-producing region on edge, with Iran now seeking to shut the Bab el-Mandeb gateway to the Red Sea after choking off shipping through the Strait of Hormuz.
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The Middle East is SLB's biggest market, accounting for 34% of total revenue in 2025, and the company had warned of a 6 to 8 cents per share hit in the second quarter due to the disruptions.
Revenue from the Middle East and Asia dropped 14% to $2.57 billion during the quarter, driven by lower activity and operational disruptions associated with the conflict.
"While activity began to recover in certain countries during the second quarter, the timing of a full recovery remains uncertain and will depend on a durable resolution of the conflict," CEO Olivier Le Peuch said, adding a return to full production capacity is expected to take time.
Still, total revenue during the quarter climbed to $8.97 billion, driven by a 36% jump in North America.
Growth in the region was supported by higher offshore activity, a rebound in U.S. shale oil and gas drilling activity, as well as strong demand for production and recovery solutions, the company said.
Earlier this week, rival Halliburton (HAL.N), opens new tab, which also beat expectations for quarterly profit, said activity in North America will continue to recover with more rigs being added and previously idle equipment put back to work.
The North American oil and gas rig count was 704 during the second quarter, compared with 699 during the same period a year earlier, according to a survey by Baker Hughes.
SLB posted an adjusted profit of 55 cents per share for the three months ended June 30, compared with analysts' estimate of 51 cents, according to data compiled by LSEG.
Reporting by Vallari Srivastava in Bengaluru; Editing by Sriraj Kalluvila
Our Standards: The Thomson Reuters Trust Principles., opens new tab
SLB N.V. (NYSE:SLB) will release its second quarter earnings report before the opening bell on Friday, July 24.
Analysts expect the Houston, Texas-based company to report quarterly earnings of 52 cents per share, down from 74 cents per share in the year-ago period. The consensus estimate for SLB quarterly revenue is $8.68 billion. It reported $8.55 billion last year, according to Benzinga Pro.
On July 14, SLB announced an agreement with Liberty Energy Inc. (NYSE:LBRT) to form a strategic alliance for data center infrastructure and power.
SLB shares fell 0.9% to close at $47.22 on Thursday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Considering buying SLB stock? Here’s what analysts think:
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SLB má 24. července před otevřením trhu oznámit výsledky za 2. čtvrtletí; tržby mají vzrůst o 1,9 % na 8,71 miliardy USD. Vyšší ceny ropy mohly podpořit těžební aktivitu.
Key Takeaways SLB is scheduled to report second-quarter 2026 results on July 24 before the opening bell.SLB's second-quarter revenues are projected to increase 1.9% year over year to $8.71 billion.Higher year-over-year oil prices likely supported drilling activity during the June-end quarter. SLB (SLB - Free Report) is set to report second-quarter 2026 results on July 24, 2026, before the opening bell.
In the last reported quarter, its adjusted earnings of 52 cents per share topped the Zacks Consensus Estimate of 51 cents, primarily driven by a revenue increase in the Digital segment and contributions from the ChampionX acquisition. However, operational disruptions due to the Middle East conflict affected the Reservoir Performance and the Well Construction segments.
The company beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, delivering an average surprise of 3.32%. This is depicted in the graph below:
Estimate Trend for SLBThe Zacks Consensus Estimate for second-quarter earnings per share of 51 cents has seen downward revisions in the past seven days. The estimated figure indicates a 31.1% decline from the prior-year reported figure.
The Zacks Consensus Estimate for revenues is pegged at $8.71 billion, indicating an increase of 1.9% from the year-ago recorded figure.
Factors to Consider for SLB's Q2 ResultsSLB is a prominent name in the oilfield services industry, providing a comprehensive range of services to the oil and gas industry. As an oilfield services provider, SLB’s business model is highly exposed to commodity price volatility.
According to data from the U.S. Energy Information Administration (“EIA”), the Cushing, OK, WTI Spot Price per barrel averaged $100.32, $102.13 and $84.81 in April, May and June, respectively, significantly higher than the $63.54, $62.17 and $68.17 recorded in the same period of 2025. This significant year-over-year improvement in oil prices is likely to have increased the pace of drilling activity, creating potential tailwinds for SLB's performance in the June-end quarter.
Earnings Whispers for SLBOur proven model does not conclusively predict an earnings beat for SLB this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that is not the case here, as you will see below.
Earnings ESP of SLB: SLB has an Earnings ESP of -1.96%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
SLB'S Zacks Rank: SLB currently carries a Zacks Rank #4 (Sell).
Stocks to ConsiderHere are some stocks that you may want to consider, as these have the right combination of elements to post an earnings beat this reporting cycle.
NOV Inc. (NOV - Free Report) has an Earnings ESP of +19.69% and currently has a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
NOV is scheduled to release second-quarter 2026 earnings on July 28, 2026. The Zacks Consensus Estimate for NOV’s earnings is pegged at 16 cents per share, indicating a 44.8% decline from the prior-year reported figure.
Cactus, Inc. (WHD - Free Report) has an Earnings ESP of +7.04% and carries a Zacks Rank of 2 at present. Cactus is scheduled to release second-quarter 2026 earnings on July 29.
The Zacks Consensus Estimate for WHD’s earnings is pegged at 71 cents per share, suggesting a 7.6% improvement from the prior-year reported figure.
HF Sinclair Corporation (DINO - Free Report) has an Earnings ESP of +11.69% and a Zacks Rank of 2. HF Sinclair is scheduled to release second-quarter 2026 earnings on July 28.
The Zacks Consensus Estimate for DINO’s earnings is pegged at $3.93 per share, suggesting a 131.2% increase from the prior-year reported figure.
SLB koupila technologii VIEC od Sulzeru, aby zlepšila oddělování ropy a vody a zvýšila výtěžnost uhlovodíků ze starých ložisek. Technologie dokáže snížit obsah vody pod 1 % v jednom kroku.
Key Takeaways SLB acquires Sulzer's VIEC technology to enhance oil-water separation and hydrocarbon recovery.VIEC can reduce water content to below 1% in a single treatment stage without major facility upgrades.The acquisition strengthens SLB's production technologies portfolio and future cash flows. SLB N.V. (SLB - Free Report) has acquired Sulzer's Vessel Internal Electrostatic Coalescer (VIEC) technology, strengthening its production optimization portfolio. The move has enhanced SLB’s ability to help oil and gas operators maximize hydrocarbon recovery from aging assets. The acquisition expands SLB's production technologies business at a time when producers are increasingly focused on improving output from existing fields rather than pursuing costly new developments.
As mature oil fields produce higher volumes of water over time, efficient oil-water separation has become essential for maintaining production and controlling operating costs. VIEC technology addresses this challenge by improving oil-water separation through high-frequency electrostatic fields that destabilize emulsions inside separator vessels.
The system can reduce water content to below 1% in a single treatment stage, enabling higher hydrocarbon recovery, greater processing capacity and lower treatment costs. The technology can be installed in both new and existing facilities without major infrastructure modifications, offering operators a cost-effective solution to optimize production across onshore and offshore assets.
The acquisition advances SLB’s strategy of expanding its higher-value production and recovery technology portfolio. By integrating VIEC, SLB broadens its production optimization capabilities, unlocking new avenues for equipment sales, retrofits and long-term service contracts. As global operators increasingly prioritize extending the life of mature assets under disciplined capital spending, demand for production-enhancing technologies is expected to grow. By expanding its differentiated technology portfolio, SLB is well-positioned to capture the growing demand and strengthen its business model with enhanced investor appeal.
SLB currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the energy sector are NOV Inc. (NOV - Free Report) , Natural Gas Services Group, Inc. (NGS - Free Report) and National Energy Services Reunited Corp. (NESR - Free Report) . NOV currently carries a Zacks Rank #2 (Buy), while NESR and NGS sport a Zacks Rank #1 (Strong Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
NOV is a global provider of equipment, technologies and services for the oil and gas drilling and production industries, operating across 548 locations on six continents. In the first quarter of 2026, the company achieved record profits from its subsea flexible pipe and process systems businesses, reflecting strong demand in offshore energy markets. NOV reported record bookings in the first quarter of 2026 for its composite solutions business and maintains a strong subsea flexible pipe backlog extending through 2028, providing long-term revenue visibility.
Headquartered in Southlake, TX, Natural Gas Services Group manufactures, fabricates, sells, rents and services natural gas compressors to enhance well production, alongside manufacturing flare and ignition systems used in production facilities. In June 2026, the company significantly expanded its operational footprint in the Permian Basin and Eagle Ford regions by acquiring Flatrock Compression Holdings. This strategic acquisition expanded NGS’s fleet of large-horsepower and electric-driven compression solutions, broadened its customer base and immediately boosted key financial metrics.
National Energy Services Reunited delivers integrated drilling and reservoir services across the Middle East, North Africa and Asia-Pacific, helping producers maximize output and efficiency. With rising global demand for electricity fueling a shift toward natural gas, NESR is well-positioned to capitalize on growing upstream energy investments.
The new logo of SLB is seen in this undated handout image obtained by Reuters on October 19, 2022. SLB/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT. Purchase Licensing Rights, opens new tab
CompaniesJuly 14 (Reuters) - SLB (SLB.N), opens new tab said on Tuesday it has partnered with Liberty Energy (LBRT.N), opens new tab to supply modular parts and power to data centers, as the oilfield services firms look to tap surging demand from the AI boom.
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Under the deal, SLB said it would design and supply modular and prefabricated components for data center projects, while Liberty will provide natural gas-fired power generation.
The deal reflects a broader push by oilfield contractors to supply power equipment, turbines and data solutions.
SLB is already a design partner for modular AI data centers built on Nvidia (NVDA.O), opens new tab technology, and is working with the U.S. chip firm to create a platform, AI Factory for Energy, to help oil and gas producers and power companies apply AI to vast troves of operational data.
SLB has shipped more than 1.3 GW of prefabricated modular data center infrastructure since April 2024 and expects cumulative deliveries to exceed 2 GW globally by year-end. Liberty plans to deploy about 3 GW of power projects by 2029.
SLB sold its North American hydraulic fracturing business to Liberty in 2020.
Reporting by Katha Kalia in Bengaluru; Editing by Vijay Kishore
Our Standards: The Thomson Reuters Trust Principles., opens new tab
SLB prostřednictvím společného podniku OneSubsea získala od Eni velkou zakázku na 94,6 kilometru ocelových umbilicals pro projekt Kutei North Hub v Indonésii. Zakázka patří mezi největší v subsea průmyslu.
Key Takeaways SLB's OneSubsea wins a major umbilical contract for Eni's Kutei North Hub offshore Indonesia.The project includes 94.6 kilometers of steel-tube umbilicals for water depths up to 2,200 meters.SLB will use parallel production lines to shorten delivery times and improve manufacturing efficiency. SLB N.V. (SLB - Free Report) has strengthened its deepwater business by securing a major contract through its OneSubsea joint venture from Eni North Ganal Limited for the Kutei North Hub development offshore East Kalimantan, Indonesia. Eni North Ganal Limited is a subsidiary of Searah Limited, which is a 50/50 joint venture between Eni S.p.A. (E - Free Report) and PETRONAS that focuses on developing upstream oil and gas assets in Southeast Asia.
Under the agreement, OneSubsea will engineer, procure and manufacture 94.6 kilometers of steel-tube umbilicals for water depths of up to 2,200 meters. The steel-tube umbilical system, weighing approximately 6,700 tons, ranks among the largest umbilical contracts awarded in the subsea industry and reinforces SLB's leadership in complex offshore developments.
The project showcases SLB's advanced manufacturing capabilities by combining its Oscilay and planetary production lines, enabling parallel production that shortens delivery timelines while improving manufacturing efficiency. The contract also includes production of a 30-kilometer continuous umbilical, weighing roughly 2,100 tons, designed to withstand pressures of 10,000 psi, highlighting SLB's technical expertise in demanding deepwater environments.
The award strengthens SLB's subsea order backlog while reinforcing its long-term partnership with E. As global energy companies continue investing in offshore natural gas developments to meet rising energy demand, advanced subsea infrastructure remains critical. SLB's technical expertise, manufacturing scale and execution capabilities position the company to capture additional deepwater opportunities, supporting higher cash flow generation. This contract is expected to strengthen SLB's business model and boost investor appeal in the coming years.
SLB currently carries a Zacks Rank #3 (Hold), while Eni has a Zacks Rank #5 (Strong Sell) at present.
Some better-ranked stocks in the energy sector are Cenovus Energy Inc. (CVE - Free Report) and National Energy Services Reunited Corp. (NESR - Free Report) . CVE currently carries a Zacks Rank #2 (Buy) while NESR sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
By leveraging its fully integrated upstream and downstream operations across Canada and the United States, Cenovus consistently generates robust cash flow. To further expand production, CVE is advancing key optimization initiatives at Christina Lake North, Sunrise, West White Rose and Foster Creek.
National Energy Services Reunited delivers integrated drilling and reservoir services across the Middle East, North Africa and Asia-Pacific, helping producers maximize output and efficiency. With the rising global demand for electricity fueling a shift toward natural gas, NESR is well-positioned to capitalize on growing upstream energy investments.
SLB OneSubsea získala od Eni velkou EPC zakázku na 3. fázi hlubokomořského projektu Baleine na Pobřeží slonoviny. Kontrakt pokrývá kompletní subsea systémy pro 13 vrtů.
Integrated subsea production system and local capabilities enable accelerated deepwater development
HOUSTON--(BUSINESS WIRE)--Global energy technology company SLB (NYSE: SLB) announced today that its OneSubsea™ joint venture has been awarded a major multi-well engineering, procurement, and construction (EPC) contract by Eni for Phase 3 of the deepwater Baleine project offshore Côte d’Ivoire.
Under the contract, SLB OneSubsea will deliver complete subsea production systems (SPS) for 13 wells, reinforcing its role as a core technology and execution partner on one of the most strategically significant offshore developments currently underway in the region.
The EPC scope includes subsea trees, umbilical, manifolds, multiphase flowmeters and control systems, along with installation, commissioning and life-of-field support. The integrated delivery model is designed to streamline execution and support the project’s fast-track development schedule.
"Baleine Phase 3 brings together scale and execution certainty," said Mads Hjelmeland, chief executive officer of SLB OneSubsea. "Through our subsea production system technology and by leveraging our established local presence, we are supporting Eni’s efforts to advance a complex, deepwater project efficiently while contributing to the long-term development of offshore resources in Côte d’Ivoire."
Project execution will be supported by SLB OneSubsea’s in-country presence and local capabilities, contributing to efficient delivery across the life of the project.
Key points
Eni has awarded SLB OneSubsea a multi-well EPC contract for the Baleine Phase 3 development. The SPS contract covers 13 wells and includes subsea trees, umbilicals, manifolds, flowmeters and control systems, along with installation and commissioning. SLB OneSubsea will execute the project through its established in-country presence and local capabilities, supporting efficient project delivery. About SLB
SLB (NYSE: SLB) is a global technology company that has driven energy innovation for 100 years. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at SLB.com.
About SLB OneSubsea
SLB OneSubsea is driving the new subsea era that leverages digital and technology innovation to optimize our customers’ oil and gas production, decarbonize subsea operations and unlock the large potential of subsea solutions to accelerate the energy transition. OneSubsea is a joint venture backed by SLB, Aker Solutions and Subsea7 headquartered in Oslo and Houston, with 10,000 employees across the world. Find out more at onesubsea.com.
This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “can,” “estimate,” “intend,” “anticipate,” “will,” “potential,” “projected" and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, SLB’s new technologies and partnerships; and improvements in operating procedures and technology. These statements are subject to risks and uncertainties, including, but not limited to, the inability to recognize intended benefits of SLB’s strategies, initiatives or partnerships; and other risks and uncertainties detailed in SLB’s most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. The forward-looking statements speak only as of the date of this press release, and SLB disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
SLB získala sedmiletou zakázku od Kuwait Oil Company a stala se jejím prvním technologickým partnerem v rámci iniciativy Ahmadi Innovation Valley. Dohoda zahrnuje nasazení AI, IIoT a dalších technologií v těžbě ropy.
Key Takeaways SLB became KOC's first technology partner under the Ahmadi Innovation Valley initiative.SLB will deploy AI, IIoT, reservoir and production technologies under the seven-year agreement.SLB plans to open an innovation center in Kuwait, with operations targeted to begin in 2028. SLB N.V. (SLB - Free Report) has secured a seven-year contract from Kuwait Oil Company (KOC) under the Ahmadi Innovation Valley (AIV) initiative, strengthening its long-term growth prospects in the Middle East. The agreement makes SLB the first contracted technology partner under KOC's flagship innovation program, reinforcing the company's leadership in digital energy technologies and advanced oilfield services.
Under the contract, SLB will collaborate with KOC to develop, evaluate and deploy technologies across artificial intelligence (AI), Industrial Internet of Things (IIoT), reservoir technologies, production optimization, water management and energy transition initiatives.
The award expands a relationship spanning more than 85 years and provides SLB with a long-duration revenue opportunity while strengthening its presence in one of the world's largest oil-producing regions. Beyond technology deployment, SLB plans to establish a dedicated Ahmadi Innovation Valley facility in Kuwait, with construction beginning in 2026 and operations expected to commence in 2028. The new center will support applied research, pilot projects, technology management and knowledge transfer, creating opportunities for future service contracts and strengthening customer relationships.
The contract reflects SLB's focus on growing advanced digital and technology solutions, which generate higher profit margins than standard oilfield services. The agreement also positions the company to benefit from the growing demand for AI-enabled field optimization and automation as energy companies modernize their operations. By becoming KOC's inaugural innovation partner, SLB enhances its Middle East footprint while generating additional cash flow, strengthening its business model and increasing investor appeal.
SLB currently carries a Zacks Rank #3 (Hold).
The business models of players providing equipment and services to energy companies including SLB are dependent on capital spending by the upstream players. Therefore, Weatherford International plc (WFRD - Free Report) , which provides equipment and services to energy companies is benefiting from energy players such as Vista Energy, S.A.B. de C.V. (VIST - Free Report) and Aker BP ASA (AKRBY - Free Report) . Both these companies have upstream operations and are enjoying a favorable pricing environment, with Brent crude oil prices trading above the $70-per-barrel mark, according to oilprice.com.
WFRD, VIST and AKRBY carry a Zacks Rank #2 (Buy) each at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Weatherford leverages its equipment and digital solutions to support oil and gas wells across 75 countries throughout their lifecycles. In the first quarter of 2026, WFRD achieved a major milestone in the U.K. sector by completing the initial deployment of its AlphaV casing system in Liverpool Bay. This historic whipstock installation in the Irish Sea lowered operational costs and delivered significant time savings for the project.
Vista operates 257,000 net acres in Argentina’s prolific Vaca Muerta basin, achieving a 67% year-over-year production growth to 134,741 barrels of oil equivalent per day (Boe/d) in the first quarter of 2026. Supported by this strong performance, VIST increased its full-year production guidance to 143,000 Boe/d.
Aker BP operates key Norwegian Continental Shelf (NCS) hubs like Alvheim, Edvard Grieg/Ivar Aasen, Valhall, Skarv and Ula, and holds a stake in Johan Sverdrup. AKRBY has strengthened its NCS portfolio by securing a 19% interest in high-potential exploration licenses, including Grosbeak, Swisher, Toppand and Rover.
SLB získala od Kuwait Oil Company sedmiletou zakázku v rámci iniciativy Ahmadi Innovation Valley. Dohoda podpoří výzkum, nasazení technologií a digitální inovace včetně AI a IIoT.
Agreement makes SLB the first contracted partner under KOC's flagship innovation initiative
HOUSTON--(BUSINESS WIRE)--Global energy technology company SLB (NYSE: SLB) has been awarded a seven-year contract by Kuwait Oil Company (KOC) under the Ahmadi Innovation Valley (AIV) initiative. The agreement will support applied research, technology deployment and digital innovation programs aligned with Kuwait's long-term energy objectives.
Under the agreement, SLB will work with KOC to evaluate, test and deploy advanced technologies across a range of operational and strategic priorities, including artificial intelligence (AI), industrial internet of things (IIoT) applications, production optimization, reservoir technologies, water management and energy transition initiatives.
Ahmadi Innovation Valley is KOC's flagship innovation initiative that brings together industry, academia and technology providers to address strategic upstream technical challenges.
"Ahmadi Innovation Valley represents an important step in advancing technology leadership across Kuwait's energy sector," said Ahmad Jaber Al-Eidan, chief executive officer, Kuwait Oil Company. "Through collaboration with leading technology partners, we are accelerating technology deployment, strengthening local capabilities and expanding knowledge transfer to support Kuwait's energy industry."
"The energy industry has no shortage of technology. The challenge is deploying it at scale and turning innovation into operational impact," said Olivier Le Peuch, chief executive officer, SLB. "Ahmadi Innovation Valley brings together technology providers, researchers and operational teams to accelerate the evaluation, deployment and scaling of new solutions across KOC's operations. We are proud to contribute our technology, domain expertise and global experience while helping strengthen local capabilities and support the next generation of Kuwaiti talent."
Through the AIV initiative, SLB will support applied research and technology management spanning multiple business lines and technology domains. The initiative provides KOC with a flexible approach to evaluate, pilot and deploy new technologies.
As part of the agreement, SLB plans to establish a dedicated Ahmadi Innovation Valley facility in Kuwait, with construction expected to begin in 2026 and opening planned for 2028.
The award builds on more than 85 years of collaboration between SLB and KOC and marks a significant milestone in the companies' longstanding relationship.
Key Points:
Kuwait Oil Company (KOC) awarded SLB a seven-year contract under the Ahmadi Innovation Valley (AIV) initiative. Through the AIV initiative, SLB will support applied research and technology programs across nearly 100 projects spanning artificial intelligence, industrial internet of things (IIoT) applications, production optimization, reservoir technologies, water management and energy transition initiatives. As part of the agreement, SLB plans to establish a dedicated Ahmadi Innovation Valley facility in Kuwait, with construction expected to begin in 2026 and opening planned for 2028. About SLB
SLB (NYSE: SLB) is a global technology company that has driven energy innovation for 100 years. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com.
This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “can,” “estimate,” “intend,” “anticipate,” “will,” “potential,” “projected" and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, SLB’s new technologies and partnerships; statements about goals, plans and projections with respect to sustainability and environmental matters; forecasts or expectations regarding energy transition and global climate change; and improvements in operating procedures and technology. These statements are subject to risks and uncertainties, including, but not limited to, the inability to achieve net-negative carbon emissions goals; the inability to recognize intended benefits of SLB’s strategies, initiatives or partnerships; legislative and regulatory initiatives addressing environmental concerns, including initiatives addressing the impact of global climate change; the timing or receipt of regulatory approvals and permits; and other risks and uncertainties detailed in SLB’s most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. The forward-looking statements speak only as of the date of this press release, and SLB disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
SLB chce do roku 2030 téměř zdvojnásobit roční digitální tržby na 2 miliardy USD a očekává, že digitální výdaje v energetice porostou o dalších 10 miliard USD ročně. Firma sází na AI a širší adopci digitálních technologií v energetice.
The entrance to oilfield service provider SLB's office in Houston, Texas, showing the former Schlumberger's new name and logo, is seen in this handout image taken June 2023. Courtesy of... Purchase Licensing Rights, opens new tab Read more
CompaniesJune 17 (Reuters) - SLB (SLB.N), opens new tab said on Wednesday that it aims to nearly double its annual digital revenue to $2 billion by 2030, as it expects AI-driven adoption to lift the global digital market to as much as $50 billion by the end of the decade.
At its Digital Investor Day, the oilfield services provider also said it expects annual digital spending to grow by an additional $10 billion by 2030.
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Outlining growth targets for SLB's digital business, CFO Stephane Biguet said, "We see a path to approximately double our current adjusted EBITDA for digital to between $1.8 billion and $2 billion by 2030 with margins expanding to a range of 38% to 42% towards the end of the decade."
Oilfield contractors including SLB are also pursuing growth by providing power equipment, turbines and data solutions to artificial intelligence data centers to tap into the AI infrastructure boom.
AUTOMATION AND AIEnergy companies like SLB are increasingly adopting digital technologies to manage growing volumes of geological, production and infrastructure data as they look to cut costs, improve reliability and reduce emissions.
SLB said it is widening digital adoption by expanding connected equipment and data-led services, with around 35% of its electrical submersible pumps currently connected and monitored, and a target to reach 60% by 2030.
It also aims to increase the use of digital add-ons in formation evaluation operations to 60% from roughly 14%, while boosting autonomous drilling to 25% from about 3% over the same period.
In March, SLB had said it would expand its partnership with Nvidia (NVDA.O), opens new tab to develop AI infrastructure and models for the energy sector.
Reporting by Sumit Saha and Pooja Menon in Bengaluru; Editing by Diti Pujara
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SLB spustila Digital Marketplace s asi 200 AI, softwarovými a digitálními řešeními od sebe i více než 30 partnerů. Platforma má podpořit přijetí Delfi, Lumi a Tela a rozšířit tržby mimo tradiční služby v ropných polích.
Key Takeaways SLB's new Digital Marketplace provides access to about 200 AI, software and digital solutions.The platform brings together certified offerings from SLB and more than 30 partners in a single ecosystem.The launch supports the adoption of the Delfi, Lumi and Tela platforms while expanding SLB's revenue streams. SLB N.V. (SLB - Free Report) announced the launch of the SLB Digital Marketplace, a new platform designed to help energy companies quickly discover, deploy and integrate artificial intelligence (AI) solutions, digital applications,domain models, skills,data connectors and tools within their existing operating environments.
The marketplace supports SLB's digital transformation strategy by establishing an open ecosystem in which customers, developers, independent software vendors (ISVs) and partners can access certified digital solutions through a single platform.
The initiative strengthens SLB's position as a leading provider of digital technologies to the energy industry. The marketplace currently offers around 200 digital products, including Tela AI skills, agents, plugins, foundation models, data connectors, Delfi and Lumi SaaS applications, and workflow extensions from SLB and more than 30 partners. By expanding its digital ecosystem, SLB is expected to drive greater adoption of its Delfi, Lumi and Tela platforms, thereby expanding its revenue streams beyond traditional oilfield services.
The launch aligns with the energy sector's growing shift toward agentic AI to automate complex tasks and drive better decisions. By providing customers with secure, interoperable and certified AI solutions, SLB is positioning itself at the center of the industry's digital evolution. The platform’s open ecosystem encourages innovation, enabling SLB to expand its offerings.
The Digital Marketplace enhances customer value by reducing deployment times, improving workflow efficiency and enabling easier access to advanced AI capabilities. For SLB, broader ecosystem participation is expected to deepen customer relationships and support long-term margin expansion through higher-value software and digital services.
SLB currently carries a Zacks Rank #3 (Hold).
The business models of SLB and other players that provide equipment and services to energy producers are dependent on capital spending by the upstream players. Weatherford International plc (WFRD - Free Report) , which provides equipment and services to energy companies, is benefiting asupstream players such as Vista Energy, S.A.B. de C.V. (VIST - Free Report) and Ecopetrol S.A. (EC - Free Report) are enjoying a favorable pricing environment, with West Texas Intermediate (“WTI”) crude oil prices trading above the $75-per-barrel mark, according to oilprice.com.
VIST and EC currently carry a Zacks Rank #2 (Buy) each, while WFRD sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Operating across 75 countries, Weatherford International delivers comprehensive equipment and digital solutions to support oil and natural gas wells throughout their entire lifecycle. Continuing its global expansion, WFRD recently secured a five-year contract from a major operator to deploy Artificial Lift and Digital Solutions in Oman.
Argentina-based operator Vista has around 257,000 net acres in the prolific Vaca Muerta basin. In the first quarter of 2026, VIST recorded total production of 134,741 barrels of oil equivalent per day (Boe/d), up 67% year over year. Driven by this strong performance, Vista raised its full-year production guidance from 140,000 Boe/d to 143,000 Boe/d.
Operating across the hydrocarbon value chain, Ecopetrol serves as Colombia’s leading integrated energy company. EC anticipates achieving production of 730,000–740,000 Boe/d in 2026 and plans to maintain this output between 700,000 and 750,000 Boe/d through 2040.
SLB uvádí, že jeho digitální byznys tvoří jen 7 % tržeb, ale roste rychleji a má vyšší marže. V Libyi autonomní vrtání zkrátilo čas vrtání zhruba na polovinu.
SLB (NYSE:SLB | SLB Price Prediction) and NVIDIA (NASDAQ:NVDA) have collaborated for roughly two decades, and their partnership just took center stage on CNBC. SLB CEO Olivier Le Peuch sat down with Jim Cramer on June 18, 2026 to walk through the company’s digital investor day and explain how AI is rewiring the oil patch into something that looks a lot more like a software business.
Cramer’s framing was direct: the way oil majors “are going to make more money is by bringing in the technology of SLB.” That is a meaningful endorsement for a company whose stock has had a rough month even as the AI narrative around it has strengthened.
The 20-Year Nvidia Backbone Le Peuch clarified the nature of the Nvidia relationship. SLB discovered Nvidia’s GPU horsepower roughly 20 years ago for reservoir simulation and seismic processing, and the two companies have built what he describes as a symbiotic relationship ever since. The new wrinkle is scale. SLB has been selected as a “modular design partner for NVIDIA DSX AI factories,” and the joint “AI Factory for Energy” announced in March 2026 is being industrialized across SLB’s Delfi and Lumi platforms.
The technical moat matters because oil and gas data is messy, proprietary, and physics-heavy. Le Peuch put it plainly on the Q1 call: “It is the right time for the industry to adopt AI at scale. We are unique in our capability; we have deep domain knowledge and a platform that can help scale AI capability.”
A Software Business Hiding Inside an Oilfield Services Company SLB’s digital business is only about 7% of revenue, yet it carries higher margins than the core and recurring-revenue characteristics typical of enterprise software. Digital revenue hit $640 million in Q1 2026, up 9% year over year, with digital operations growing 87%. Annual recurring revenue crossed $1.02 billion, up 15%. Data center solutions, the modular infrastructure piece tied to the Nvidia partnership, grew 45% year over year and is targeting a $1 billion run rate by year end.
Le Peuch’s anchor message to Cramer: “This digital trend… is here to be a secular trend… This is durable growth. This is adding a new earnings growth engine to the company.” That reframes the stock. Investors used to discount SLB against crude price cycles. The digital layer changes the equation.
Libya: Proof That Drilling Itself Is Becoming AI The most concrete data point came from a Libyan operation. Using autonomous drilling, SLB steered the well dynamically to stay in the reservoir sweet spot, cutting drilling time roughly in half while accessing significantly higher net reservoir pay than prior wells. Customers are moving from pilots to full enterprise rollouts. SLB also reports automated footage reading up 145% year on year, a tangible adoption metric rarely seen in oilfield services.
The Stock Setup SLB shares trade at $48.28, down 11.48% over the past month as WTI crude slid 22.3% from its early-June highs to $84.65. Year to date, SLB is up 32.57%, with a forward P/E of 20 and an analyst target of $62.36. The pullback resets the digital thesis at a lower price for investors weighing Le Peuch’s secular argument.
Nvidia reported Q1 FY2027 revenue of $81.61 billion, up 85.2% year over year, with Jensen Huang calling AI factory buildout “the largest infrastructure expansion in human history.” Energy is the next frontier of that buildout. The supporting filing is available via the company’s Q1 FY2027 8-K.
What To Watch If Le Peuch is right that digital is decoupled from crude, the next two quarters should show data center solutions ARR continuing to compound even as oil prices wobble. The Nvidia partnership is the compute backbone making autonomous drilling commercially viable. For Nvidia, SLB validates that AI factories sell into industries far beyond the cloud. For SLB, the relationship is the bridge from cyclical services vendor to durable AI platform. Keep an eye on the stock as that thesis gets tested.
