SLB and TotalEnergies Add Chevron to Digital Subsurface Alliance

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2▲4 ▼0Impact / 5
Summary · why it matters

SLB N.V. has expanded its long-term digital subsurface collaboration with TotalEnergies SE by adding Chevron Technical Center, a division of Chevron U.S.A. Inc., as the second global operator in the initiative. The collaboration, known as Arena, was established by SLB and TotalEnergies in 2024, and Chevron will contribute investment, intellectual property and technical expertise while adding capabilities in uncertainty analysis, optimization and field development planning. Arena focuses on improving decisions across reservoir engineering and geoscience, with embedded experts from Chevron and TotalEnergies at SLB technology centers designed to shorten feedback cycles and bring operational requirements directly into product development. The three companies have already collaborated on the Intersect reservoir simulator, and Arena extends that relationship into a broader digital framework focused on open and extensible technologies. SLB and TotalEnergies currently carry a Zacks Rank #3 (Hold) each, while Chevron Corporation and Equinor ASA each sport a Zacks Rank #1 (Strong Buy).

Impact on assets 6

Energy▲
SLB N.V.
0SCL
▲ PositiveDemandrelevance

SLB N.V. expands its long-term digital subsurface collaboration with TotalEnergies by adding Chevron to the Arena initiative.

Chevron Corp
CVX
▲ PositiveDemandrelevance

Chevron joins SLB-TotalEnergies Arena digital subsurface alliance, contributing investment and expertise to expand the collaboration.

TotalEnergies SE
TTE
▲ PositiveDemandrelevance

TotalEnergies' Arena collaboration with SLB gains Chevron as a second global operator, broadening the digital subsurface initiative.

Energy Transition & Power Demand▲
Schlumberger NV
SLB
▲ PositiveDemandrelevance

SLB expands its Arena digital subsurface collaboration by adding Chevron as a second global operator, deepening its digital framework.

Artificial Intelligence▲