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Schlumberger NVSLB

Why is Schlumberger NV (SLB) moving?

Q3 2026
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SLB's Q3: Oil Price Crash Offsets Contract Wins

  • Oil Price Crash Brent crude plunged from $138 to about $71, dragging SLB shares down 23%. Lower oil prices reduce demand for oilfield services and hurt investor sentiment.

    This was the main negative force on SLB's stock price during the quarter.

  • New Contract Wins SLB won a seven-year Kuwait Oil AI/production contract, an Eni Baleine Phase 3 subsea deal, and formed an AI data-center alliance with Liberty Energy, expanding future revenue streams.

    These new deals show SLB's ability to grow despite weak oil prices.

  • Strong Q2 Results and Cash Flow SLB beat Q2 estimates with $9B revenue and $0.55 EPS, grew digital revenue 9%, and improved free cash flow by $739M, showing operational strength.

    These results demonstrate SLB's financial health and efficiency.

  • Middle East Revenue Decline Middle East revenue fell 13% due to security issues, with a warned $150M Q3 hit. This regional weakness adds pressure on near-term results.

    This regional decline is a significant headwind for SLB's overall performance.

August 2026
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SLB beats Q2, expands into data centers and Venezuela

  • Strong Q2 earnings beat SLB reported Q2 revenue of $9 billion and adjusted earnings per share of $0.55, beating expectations. Digital revenue grew 9% from the prior quarter, and free cash flow improved by $739 million, showing solid financial health.

    This is the core financial result that directly supports the stock and shows operational strength.

  • Data-center cooling acquisition and alliance SLB acquired Kelvion for $4.1 billion to provide cooling for data centers and formed an AI data-center alliance with Liberty Energy. These moves expand SLB beyond oilfield services into the fast-growing digital infrastructure market.

    This is a major new growth avenue that diversifies revenue and could boost valuation.

  • New international contracts and Venezuela reactivation SLB won new contracts from Eni, Brunei Shell, and PDVSA, and a U.S.-Venezuela oil agreement could bring $100 billion in infrastructure investment, reactivating up to 15 rigs. These deals add long-term revenue potential.

    These contract wins and the Venezuela opening represent significant new business opportunities.

  • Middle East security hit and oil price pressure Middle East revenue fell 13% due to security issues, and SLB warned of a $150 million hit in Q3. Falling oil prices also weighed on energy stocks, creating near-term headwinds despite long-term growth prospects.

    This is the main counterweight, showing real risks that could offset positive developments.

Latest
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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.

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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
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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
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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.

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