← Schlumberger NV overview

Schlumberger NV vs SLB: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Schlumberger NV (SLB)

Q3 2026
▲2▼2

SLB wins big contracts but oil price crash and share loss hit stock

  • Major contract wins SLB won a seven-year Kuwait Oil AI/production contract, an Eni Baleine Phase 3 subsea deal, and major contracts with Aramco, Equinor, Exxon, and Chevron, boosting future revenue visibility.

    These new contracts are a key positive driver for SLB's business and stock.

  • Digital growth and data-center pivot SLB grew digital sales 9%, formed an AI data-center alliance with Liberty Energy, and acquired Kelvion for ~$4.1–4.3B to supply data-center cooling, expanding beyond oilfield services.

    This shows SLB's strategic move into new markets, a positive force for the stock.

  • Oil price crash and stock drop Brent crude crashed from $138 to about $71, causing SLB's stock to fall 23% as lower oil prices reduce demand for oilfield services and pressure profits.

    The oil price crash was the main negative driver of SLB's stock price during the quarter.

  • Middle East weakness and share loss Middle East revenue fell 13% on security issues, with a $150M Q3 hit expected. Analysts flag a sell rating, low gross margins, and a 7.6% revenue decline—worse than peers—signaling core oilfield share loss.

    This highlights operational and competitive challenges that weighed on SLB's performance and stock.

August 2026
▲3▼1

SLB beats Q2, pivots to AI cooling, but oilfield share loss persists

  • Q2 earnings beat and digital growth SLB reported $9B revenue and $0.55 adjusted EPS, beating expectations, with digital sales up 9% and free cash flow improving by $739M. This shows the core business remains profitable and cash-generative despite weak oil prices.

    Earnings beat is a key new financial result that directly supports the stock.

  • AI data-center cooling pivot via Kelvion acquisition SLB is buying Kelvion for about $4.1–4.3B to enter AI data-center cooling, a fast-growing market. This move expands beyond oilfield services and could open a new long-term revenue stream as data centers demand more cooling.

    This is a major strategic pivot announced in the period, offering new growth beyond oil.

  • Major contract wins with Aramco, Equinor, Exxon, Chevron SLB secured significant deals: 450+ wells with Aramco, plus contracts with Equinor, ExxonMobil, and a digital alliance with Chevron. Venezuela and North Sea carbon storage projects add new revenue streams, reinforcing the order book.

    These contract wins are new and demonstrate ongoing demand for SLB's services.

  • Middle East weakness and oilfield share loss Middle East revenue fell 13% on security issues, with a $150M Q3 hit expected. Analysts also flag a sell rating, low gross margins, and an expected 7.6% revenue decline—worse than peers like Halliburton—signaling core oilfield share loss.

    This is the main counterweight: operational setbacks and competitive pressures that could drag on future results.

Latest
▲3▼1

SLB pivots to AI data centers and digital deals as oilfield revenue slips

  • Revenue decline and sell rating weigh on sentiment SLB was flagged as a sell due to low gross margin and a rich forward P/E, and analysts expect a 7.6% revenue drop this quarter, worse than last year's decline. Peers like Halliburton and Oceaneering grew, so SLB is losing ground in its core oilfield business.

    This explains the main negative pressure on SLB's price from weak core results and a bearish analyst call.

  • SLB bets $4.3 billion on AI data center cooling SLB is buying Kelvion, a heat-exchange company, for about $4.3 billion to expand into cooling and power for AI data centers. The deal should add to earnings and cash flow within a year and more than double revenue per gigawatt, opening a new growth market beyond oil.

    This is the biggest strategic move of the period, showing SLB's shift into a faster-growing AI infrastructure market.

  • Major contract wins build backlog and digital reach SLB won four multi-year well construction contracts from Aramco covering 450+ wells, an Equinor digital monitoring deal, an Invictus drilling award in Zimbabwe, and an ExxonMobil subsea contract in Mozambique. These add order backlog and show demand for SLB's integrated and digital services.

    These awards directly support future revenue and demonstrate SLB's competitive strength in key regions.

  • Chevron joins SLB-TotalEnergies digital alliance Chevron is joining SLB and TotalEnergies' Arena digital subsurface collaboration, adding investment and expertise. This deepens SLB's digital framework with a second global operator, supporting higher-margin digital workflows and strengthening its technology leadership.

    It shows SLB's digital strategy gaining traction with major oil companies, a positive for long-term margins.

▲4

SLB expands into data-center cooling and Venezuela oil services

  • Venezuela oil deals signed SLB signed agreements with Venezuela and Hunt Oil, including reservoir studies and reactivating up to 15 rigs. This opens a large new market, potentially boosting future revenue and lifting the stock.

    This is a new, concrete contract win that directly expands SLB's business.

  • North Sea carbon storage role and new downhole system SLB became strategic reservoir partner for the Havstjerne carbon storage project and launched ExaCT, a downhole control system. These moves grow its low-carbon and well-intervention services, supporting future earnings.

    New project and product launch show SLB's expansion into new areas.

  • $4.1B Kelvion acquisition for data-center cooling SLB agreed to buy Kelvion, a thermal management company, for about $4.1 billion. This expands its data-center solutions, expected to add revenue and be accretive to earnings within a year, driving the stock up.

    Major acquisition that shifts SLB further into data-center infrastructure, a key growth driver.

  • US-Venezuela oil deal boosts SLB outlook The U.S.-Venezuela oil agreement could bring $100 billion in infrastructure investment, with SLB positioned to benefit. This adds long-term demand for its services, supporting the stock price.

    Macro deal that creates a large pipeline of potential work for SLB.

▲2▼1

SLB beats Q2 estimates, expands AI and data-center push, but Middle East risks linger

  • Q2 beat and digital growth SLB reported Q2 revenue of $9 billion and adjusted EPS of $0.55, beating estimates. Digital revenue jumped 9% sequentially, and free cash flow improved by $739 million. This shows the company is growing profitably, which supports a higher stock price.

    It explains the core earnings strength that reassures investors and supports the stock.

  • AI data-center alliance and contract wins SLB formed an alliance with Liberty Energy to power AI data centers and won new contracts from Eni, Brunei Shell, and PDVSA. These deals expand its digital and production services, adding future revenue streams that can lift the stock.

    It highlights new business wins that drive future growth and investor optimism.

  • Middle East security and oil price drop Middle East revenue fell 13% due to security issues, and SLB warned of a $150 million Q3 revenue hit. Oil prices also tumbled after U.S. halted Iran strikes, dragging energy stocks down. These pressures can weigh on SLB's near-term results and stock price.

    It provides the main counterweight: geopolitical and pricing risks that could hurt earnings.

July 2026
▲3

SLB wins new contracts and AI data-center deal as oil crash hits

  • Seven-year Kuwait Oil contract SLB won a seven-year contract with Kuwait Oil Company to lead the Ahmadi Innovation Valley program, covering nearly 100 AI and production projects. This locks in long-term demand for SLB's services and digital tools, supporting future revenue and the stock price.

    This is a new, concrete contract win that directly boosts SLB's order book and revenue visibility.

  • Eni Baleine Phase 3 subsea contract SLB's OneSubsea joint venture won a major contract from Eni for Phase 3 of the deepwater Baleine project offshore Côte d'Ivoire, delivering subsea systems for 13 wells. This adds significant deepwater project revenue and reinforces SLB's subsea leadership.

    A new major contract award that signals ongoing demand for SLB's high-value subsea equipment.

  • Liberty Energy data-center alliance SLB formed an alliance with Liberty Energy to supply modular infrastructure and power generation for AI data centers. This expands SLB's digital and new-energy footprint, opening a new growth avenue beyond oilfield services and supporting a higher valuation.

    A new partnership that diversifies SLB into the fast-growing AI data-center market, a key part of the bull case.

  • Oil price crash and 23% stock drop SLB shares fell 23% from their high as Brent crude plunged from $138 to about $71 on peace hopes. While this pressures near-term demand and sentiment, SLB's $100 billion deepwater project pipeline and temporary Middle East disruptions are seen as buying opportunities.

    This explains the major negative price move and the counterbalancing long-term positives that investors are weighing.

▲3

SLB wins new contracts and AI data-center deal as oil crash hits

  • Seven-year Kuwait Oil contract SLB won a seven-year contract with Kuwait Oil Company to lead the Ahmadi Innovation Valley program, covering nearly 100 AI and production projects. This locks in long-term demand for SLB's services and digital tools, supporting future revenue and the stock price.

    This is a new, concrete contract win that directly boosts SLB's order book and revenue visibility.

  • Eni Baleine Phase 3 subsea contract SLB's OneSubsea joint venture won a major contract from Eni for Phase 3 of the deepwater Baleine project offshore Côte d'Ivoire, delivering subsea systems for 13 wells. This adds significant deepwater project revenue and reinforces SLB's subsea leadership.

    A new major contract award that signals ongoing demand for SLB's high-value subsea equipment.

  • Liberty Energy data-center alliance SLB formed an alliance with Liberty Energy to supply modular infrastructure and power generation for AI data centers. This expands SLB's digital and new-energy footprint, opening a new growth avenue beyond oilfield services and supporting a higher valuation.

    A new partnership that diversifies SLB into the fast-growing AI data-center market, a key part of the bull case.

  • Oil price crash and 23% stock drop SLB shares fell 23% from their high as Brent crude plunged from $138 to about $71 on peace hopes. While this pressures near-term demand and sentiment, SLB's $100 billion deepwater project pipeline and temporary Middle East disruptions are seen as buying opportunities.

    This explains the major negative price move and the counterbalancing long-term positives that investors are weighing.

Q2 2026
▲4

SLB bets big on digital and AI to offset weak oilfield results

  • Digital revenue target doubled to $2B by 2030 SLB plans to nearly double digital revenue to $2 billion by 2030, with AI driving growth. This gives investors a new profit engine beyond traditional oilfield services, supporting a higher stock price as digital margins expand.

    This is a new, concrete growth target that directly addresses future earnings potential.

  • Nvidia partnership deepens with AI Factory for Energy SLB and Nvidia launched a joint AI Factory for Energy, with SLB as a design partner. Digital recurring revenue crossed $1 billion, up 15%, and data center solutions grew 45%. This strengthens SLB's tech credentials and opens new markets.

    The Nvidia tie-up is a new, high-profile validation of SLB's AI strategy that can attract investor interest.

  • New AI marketplace with 200 digital products SLB launched a Digital Marketplace with about 200 AI products from SLB and 30+ partners. This open ecosystem aims to drive adoption of its Delfi, Lumi, and Tela platforms, expanding revenue beyond oilfield services and positioning SLB at the center of industry digitalization.

    The marketplace is a new commercial channel that could accelerate digital revenue growth.

  • Long-term contract with Venezuela's PDVSA SLB signed a long-term MOU with PDVSA to modernize Venezuela's oil and gas sector, covering exploration, production, and digital enablement. This adds a new source of demand for SLB's services and digital tools, potentially boosting future revenue.

    This is a new geographic contract win that expands SLB's addressable market.

June 2026
▲4

SLB bets big on digital and AI to offset weak oilfield results

  • Digital revenue target doubled to $2B by 2030 SLB plans to nearly double digital revenue to $2 billion by 2030, with AI driving growth. This gives investors a new profit engine beyond traditional oilfield services, supporting a higher stock price as digital margins expand.

    This is a new, concrete growth target that directly addresses future earnings potential.

  • Nvidia partnership deepens with AI Factory for Energy SLB and Nvidia launched a joint AI Factory for Energy, with SLB as a design partner. Digital recurring revenue crossed $1 billion, up 15%, and data center solutions grew 45%. This strengthens SLB's tech credentials and opens new markets.

    The Nvidia tie-up is a new, high-profile validation of SLB's AI strategy that can attract investor interest.

  • New AI marketplace with 200 digital products SLB launched a Digital Marketplace with about 200 AI products from SLB and 30+ partners. This open ecosystem aims to drive adoption of its Delfi, Lumi, and Tela platforms, expanding revenue beyond oilfield services and positioning SLB at the center of industry digitalization.

    The marketplace is a new commercial channel that could accelerate digital revenue growth.

  • Long-term contract with Venezuela's PDVSA SLB signed a long-term MOU with PDVSA to modernize Venezuela's oil and gas sector, covering exploration, production, and digital enablement. This adds a new source of demand for SLB's services and digital tools, potentially boosting future revenue.

    This is a new geographic contract win that expands SLB's addressable market.

▲4

SLB bets big on digital and AI to offset weak oilfield results

  • Digital revenue target doubled to $2B by 2030 SLB plans to nearly double digital revenue to $2 billion by 2030, with AI driving growth. This gives investors a new profit engine beyond traditional oilfield services, supporting a higher stock price as digital margins expand.

    This is a new, concrete growth target that directly addresses future earnings potential.

  • Nvidia partnership deepens with AI Factory for Energy SLB and Nvidia launched a joint AI Factory for Energy, with SLB as a design partner. Digital recurring revenue crossed $1 billion, up 15%, and data center solutions grew 45%. This strengthens SLB's tech credentials and opens new markets.

    The Nvidia tie-up is a new, high-profile validation of SLB's AI strategy that can attract investor interest.

  • New AI marketplace with 200 digital products SLB launched a Digital Marketplace with about 200 AI products from SLB and 30+ partners. This open ecosystem aims to drive adoption of its Delfi, Lumi, and Tela platforms, expanding revenue beyond oilfield services and positioning SLB at the center of industry digitalization.

    The marketplace is a new commercial channel that could accelerate digital revenue growth.

  • Long-term contract with Venezuela's PDVSA SLB signed a long-term MOU with PDVSA to modernize Venezuela's oil and gas sector, covering exploration, production, and digital enablement. This adds a new source of demand for SLB's services and digital tools, potentially boosting future revenue.

    This is a new geographic contract win that expands SLB's addressable market.

SLB N.V. (0SCL.LSE)

Q3 2026
▲3▼1

SLB's AI data-center push offsets oil slump and Venezuela risks

  • AI data-center expansion and cooling acquisition SLB formed an AI data-center alliance with Liberty Energy and bought Kelvion for about $4.3 billion to supply cooling. This opens a new growth market beyond oil, expected to add earnings and save $120 million.

    This is the biggest new strategic move, showing SLB diversifying into AI infrastructure.

  • Major contract wins and multi-year deals SLB won work from Kuwait Oil Company and Eni's Baleine Phase 3, and holds multi-year deals with Aramco, ExxonMobil, Equinor, TotalEnergies, and Chevron. These underpin future revenue and show customer trust.

    New contracts and deals are fresh evidence of demand for SLB's services.

  • Q2 earnings beat with digital and data-center growth SLB beat Q2 expectations with $9 billion revenue, 9% digital growth, and an 80% jump in data-center revenue. This shows its digital and AI bets are paying off, supporting profits.

    The earnings beat and strong digital growth are new financial results that lifted sentiment.

  • Oil price slump and margin pressure Falling oil prices cut drilling demand, pushing SLB shares 23% off highs. Oilfield revenue was expected to fall 7.6% year on year—worse than peers—and thin 21.5% margins prompted a sell call.

    This is the main new negative force, explaining the stock's decline and analyst caution.

August 2026
▲2▼2

SLB pivots to AI data centers amid weak oilfield revenue

  • Kelvion acquisition expands data-center cooling SLB's ~$4.3B purchase of Kelvion adds data-center cooling technology, expected to boost earnings within a year and deliver $120M in savings, advancing its pivot beyond oilfield services.

    This is a major new acquisition that directly supports SLB's strategic shift toward AI data centers.

  • Major multi-year contracts underpin future revenue New multi-year contracts with Aramco, ExxonMobil, Equinor, TotalEnergies, and Chevron provide a foundation for future revenue, while Venezuela deals and a North Sea carbon-storage role add new demand.

    These contracts are new and provide revenue visibility, a key positive for the stock.

  • Oilfield revenue decline worse than peers Oilfield revenue was expected to fall 7.6% year on year, worse than peers, prompting one analyst to issue a sell call on thin 21.5% gross margins, highlighting core business weakness.

    This is a new negative development that pressures the stock price.

  • Venezuela and carbon project delays Venezuela's unpaid debts and poor infrastructure delay gains, and the carbon-storage project awaits final investment, while Middle East conflict could disrupt oil operations and SLB already trades above fair value.

    These are new risk factors that could hinder SLB's growth and valuation.

Latest
▲3▼1

SLB pivots to AI data centers and digital deals as oilfield revenue slips

  • Weak oilfield revenue and a sell call weigh on the stock Analysts expected SLB's revenue to fall 7.6% year on year, worse than the prior quarter's drop, while peers like Halliburton and Oceaneering grew. One research firm flagged SLB as a sell, citing a thin 21.5% gross margin. Falling sales and negative analyst views push the share price down.

    This is the main bearish force in the period, showing the core oilfield business shrinking and drawing sell ratings.

  • $4.3 billion Kelvion bet opens an AI data center business SLB agreed to buy Kelvion, a heat-exchange maker, for about $4.3 billion, to sell cooling and power gear into AI data centers. Management expects the deal to add to earnings within a year and $120 million in yearly cost savings. This gives SLB a new growth market beyond oil.

    This is the biggest strategic move of the period, diversifying SLB away from oilfield services into AI infrastructure.

  • Major contract wins from Aramco, ExxonMobil and Equinor SLB won four multi-year Aramco well construction deals covering 450+ wells, an Equinor digital monitoring contract at Johan Sverdrup, and ExxonMobil picked its OneSubsea unit for Mozambique's Rovuma LNG. These long contracts underpin future revenue and show customers still trust SLB's technology.

    These awards are concrete evidence of demand holding up despite weak headline revenue, supporting the share price.

  • TotalEnergies and Chevron deepen digital partnerships TotalEnergies signed a 15-year digital drilling and engineering contract with SLB covering global projects, and Chevron joined SLB and TotalEnergies' Arena digital subsurface alliance. Longer, software-heavy deals carry higher margins and steadier revenue, which supports SLB's earnings outlook and share price.

    These deals show SLB shifting toward recurring, higher-margin digital work with top customers.

▲4

SLB pivots to data centers and expands in Venezuela

  • SLB buys Kelvion for $3.4B, entering data-center cooling SLB agreed to buy Kelvion, a heat-exchange company, from Apollo for about $3.4 billion in cash plus $700 million debt. This adds data-center cooling to SLB's fast-growing data-center business, expected to top $2 billion revenue in 2026. It should add to earnings within a year, though SLB already trades well above fair value.

    This is the period's biggest new event, a major capital move that reshapes SLB's growth story.

  • Venezuela deals add new oilfield work for SLB SLB signed contracts with Venezuela's PDVSA and Hunt Oil to modernize oilfield data and boost crude output, including reactivating up to 15 rigs. A wider U.S.-Venezuela energy deal could bring $100 billion of investment. This is new demand for SLB's services, but Venezuela's unpaid debts and weak infrastructure mean gains will take years.

    New contracts and a geopolitical opening create a fresh, sizable demand source for SLB.

  • North Sea carbon storage role and new downhole tool SLB was picked as reservoir partner for Norway's Havstjerne carbon storage project, providing subsurface engineering for offshore CO2 storage. It also launched ExaCT, an electrical downhole control system for well interventions. Both support future revenue from low-carbon projects and better production services, though the carbon project still needs a final investment decision.

    These are new contract wins and product launches that broaden SLB's revenue mix.

  • Middle East conflict lifts oil prices and energy stocks U.S. strikes on Iran and Iranian retaliation pushed Brent crude up 3.5% to $91.20. Higher oil prices usually lead oil producers to drill more, which means more work for service companies like SLB; its shares rose 1.7% that day. The risk is that a wider war could disrupt the region's oil operations.

    Geopolitical tension is a live force pushing oil prices and oilfield-service demand up.

July 2026
▲3▼1

SLB wins major contracts and digital growth, but oil price slump weighs

  • Major contract wins SLB won a seven-year Kuwait Oil Company deal covering about 100 AI and reservoir projects, plus a OneSubsea contract for Eni's Baleine Phase 3 with 13 wells, boosting its order book.

    These new contracts show SLB is winning large, long-term work that supports future revenue.

  • Q2 earnings beat and digital growth SLB's Q2 results beat estimates with $9 billion revenue and $0.55 EPS. Digital revenue rose 9% and data center revenue jumped 80%, highlighting new growth areas beyond traditional drilling.

    Strong financial results and fast-growing digital/data center segments show SLB's business is performing well and diversifying.

  • New AI data center alliance SLB formed an AI data center alliance with Liberty Energy, expanding its presence in the fast-growing data center power market and opening another avenue for growth beyond oilfield services.

    This alliance is a new strategic move that could add a new revenue stream and reduce reliance on oil cycles.

  • Oil price slump pressures demand Oil prices remain a serious drag: Brent's plunge (to about $71, then down 6.7% to $90.24 on eased Middle East tensions) has pushed SLB shares 23% off their high, as lower prices force producers to cut drilling spending.

    Lower oil prices directly reduce demand for SLB's services and have driven its stock down, a key negative force.

▲3▼1

SLB beats Q2 estimates, expands AI data centers, but oil price drop weighs

  • Q2 earnings beat and digital growth SLB reported Q2 revenue of $9 billion and adjusted EPS of $0.55, beating estimates. Digital revenue jumped 9% and data center revenue soared 80%, showing strong demand for SLB's technology services. This boosts investor confidence and supports a higher stock price.

    This is the main new financial result that directly moves the stock and shows SLB's underlying business strength.

  • AI data center alliance with Liberty Energy SLB formed an alliance with Liberty Energy to provide modular power for AI data centers. Liberty's strong Q2 results and its own data center joint venture show the partnership is gaining traction. This opens a new growth market for SLB, potentially lifting future revenue and the stock.

    This is a new strategic move that diversifies SLB into the fast-growing AI infrastructure space, a key driver for future growth.

  • Gas separation membranes market growth A new report projects the gas separation membranes market to reach $2.5 billion by 2031, driven by green hydrogen and carbon capture. SLB is a key player, so this expanding market could bring more orders and support its energy transition business, helping the stock.

    This highlights a growing market where SLB is well-positioned, adding a positive long-term demand driver.

  • Oil price drop on eased Middle East tensions Oil stocks fell as the U.S. halted strikes on Iran, easing fears of a wider conflict and dragging Brent crude down 6.7% to $90.24. Lower oil prices make producers cut drilling spending, reducing demand for SLB's services and pressuring its stock.

    This is a new geopolitical development that directly affects oil prices and, in turn, demand for SLB's services, a key negative driver.

▲3▼1

SLB wins new contracts and AI deals, but oil price crash still weighs

  • Kuwait Oil Company seven-year contract SLB signed a seven-year contract with Kuwait Oil Company to lead the Ahmadi Innovation Valley program, covering nearly 100 projects in AI, production optimization, and reservoir technologies. This long-term deal provides steady demand for SLB's services and supports future revenue, helping lift the stock.

    This is a new, significant contract win that directly boosts demand for SLB's services and supports its growth outlook.

  • OneSubsea JV wins Eni Baleine Phase 3 contract SLB's OneSubsea joint venture won a major engineering, procurement, and construction contract from Eni for Phase 3 of the deepwater Baleine project offshore Côte d'Ivoire, delivering subsea systems for 13 wells. This adds a large, long-cycle project to SLB's backlog, supporting future revenue and pricing power.

    This is a new contract award that demonstrates SLB's ability to win large deepwater projects, a key driver of future earnings.

  • Alliance with Liberty Energy for data center infrastructure SLB announced an alliance with Liberty Energy to supply modular infrastructure and integrated power generation for data centers serving AI and high-performance computing. This opens a new market for SLB, potentially diversifying revenue and tapping into the AI boom, which could boost investor confidence.

    This is a new strategic move that expands SLB's business beyond oilfield services into the fast-growing data center power market.

  • Oil price crash pressures SLB stock SLB shares have fallen 23% from their high as Brent crude plunged to around $71 per barrel on hopes of a Middle East peace deal. Lower oil prices make producers cut drilling spending, reducing demand for SLB's services and pressuring its stock, though some see it as a buying opportunity.

    This is a major negative force that has driven SLB's recent share price decline and remains a key risk to its business.

Q2 2026
▲3▼1

SLB bets big on AI digital growth as falling oil prices weigh

  • Digital revenue target doubled to $2B by 2030 SLB plans to nearly double digital revenue to $2 billion by 2030, with AI driving adoption. This new growth engine could lift profits and reduce reliance on drilling cycles, supporting a higher share price over time.

    This is a new strategic target that directly affects SLB's future earnings and valuation.

  • AI marketplace and Nvidia partnership deepen tech edge SLB launched a digital marketplace with 200 AI products and expanded its Nvidia partnership for an AI factory. These moves position SLB at the center of energy AI, potentially boosting digital sales and investor confidence.

    New product launches and partnerships show tangible progress in SLB's digital strategy.

  • Long-term PDVSA contract adds demand SLB signed a long-term contract with Venezuela's PDVSA to modernize its oil sector, covering exploration, production, and digital tools. This provides a new source of demand for SLB's services, though Venezuela's instability poses risks.

    A new contract win that could contribute to revenue and shows SLB's ability to secure work in challenging markets.

  • Oil price drop threatens drilling demand Crude fell to pre-war lows as Middle East tensions eased, with WTI near $70 and Brent near $74. Lower oil prices make producers cut drilling and completion spending, reducing demand for SLB's services and pressuring its stock.

    This is the most immediate negative force on SLB's business and share price.

June 2026
▲3▼1

SLB bets big on AI digital growth as falling oil prices weigh

  • Digital revenue target doubled to $2B by 2030 SLB plans to nearly double digital revenue to $2 billion by 2030, with AI driving adoption. This new growth engine could lift profits and reduce reliance on drilling cycles, supporting a higher share price over time.

    This is a new strategic target that directly affects SLB's future earnings and valuation.

  • AI marketplace and Nvidia partnership deepen tech edge SLB launched a digital marketplace with 200 AI products and expanded its Nvidia partnership for an AI factory. These moves position SLB at the center of energy AI, potentially boosting digital sales and investor confidence.

    New product launches and partnerships show tangible progress in SLB's digital strategy.

  • Long-term PDVSA contract adds demand SLB signed a long-term contract with Venezuela's PDVSA to modernize its oil sector, covering exploration, production, and digital tools. This provides a new source of demand for SLB's services, though Venezuela's instability poses risks.

    A new contract win that could contribute to revenue and shows SLB's ability to secure work in challenging markets.

  • Oil price drop threatens drilling demand Crude fell to pre-war lows as Middle East tensions eased, with WTI near $70 and Brent near $74. Lower oil prices make producers cut drilling and completion spending, reducing demand for SLB's services and pressuring its stock.

    This is the most immediate negative force on SLB's business and share price.

▲3▼1

SLB bets big on AI digital growth as falling oil prices weigh

  • Digital revenue target doubled to $2B by 2030 SLB plans to nearly double digital revenue to $2 billion by 2030, with AI driving adoption. This new growth engine could lift profits and reduce reliance on drilling cycles, supporting a higher share price over time.

    This is a new strategic target that directly affects SLB's future earnings and valuation.

  • AI marketplace and Nvidia partnership deepen tech edge SLB launched a digital marketplace with 200 AI products and expanded its Nvidia partnership for an AI factory. These moves position SLB at the center of energy AI, potentially boosting digital sales and investor confidence.

    New product launches and partnerships show tangible progress in SLB's digital strategy.

  • Long-term PDVSA contract adds demand SLB signed a long-term contract with Venezuela's PDVSA to modernize its oil sector, covering exploration, production, and digital tools. This provides a new source of demand for SLB's services, though Venezuela's instability poses risks.

    A new contract win that could contribute to revenue and shows SLB's ability to secure work in challenging markets.

  • Oil price drop threatens drilling demand Crude fell to pre-war lows as Middle East tensions eased, with WTI near $70 and Brent near $74. Lower oil prices make producers cut drilling and completion spending, reducing demand for SLB's services and pressuring its stock.

    This is the most immediate negative force on SLB's business and share price.