SLB Limited Stock Price, News & Analysis

SLB (NYSE: SLB) announced on October 30, 2025 that its OneSubsea joint venture secured two EPC contracts from PTTEP to expand deepwater fields offshore Malaysia. The awards cover subsea production systems for the Alum, Bemban, and Permai gas fields in Block H and the Kikeh deepwater oil field.

Scope includes horizontal subsea trees, umbilicals, control systems and associated services for fields in 1,100–1,300 meter water depths. The contracts build on a 20-year collaboration and more than 50 systems previously delivered by OneSubsea. SLB says the work aims to extend field life and support regional energy security.

SLB (NYSE: SLB) reported third-quarter 2025 results: revenue $8.93B (+4% sequential, -3% YoY), GAAP EPS $0.50 (-32% seq, -40% YoY), and net income $739M (-27% seq, -38% YoY). Adjusted EBITDA was $2.06B (flat sequential, -12% YoY). Free cash flow was $1.10B and operating cash flow was $1.68B. SLB completed the ChampionX acquisition July 16, 2025, with ChampionX contributing $579M revenue and $139M adjusted EBITDA for two months. The Board approved a quarterly cash dividend of $0.285 per share payable Jan 8, 2026, and YTD share repurchases totaled $2.41B (60.0M shares).

Management highlighted Digital and Production Systems growth and said international markets should lead a recovery; near-term Q4 tailwinds include a full quarter of ChampionX activity.

SLB (NYSE: SLB) has secured a significant contract from Petrobras (NYSE: PBR) to provide completions services and technology for up to 35 ultra-deepwater wells in Brazil's Santos Basin. The project, focusing on the Atapu and Sépia fields development, will utilize advanced electric completions technologies and digital solutions for wells located up to 2,000 meters below the ocean's surface.

The project, scheduled to commence in mid-2026, will feature SLB's Electris™ high-flow-rate interval control valves and follows a previous major contract awarded to the SLB OneSubsea™ joint venture in 2024. The technology deployment aims to enhance production control and recovery from geologically complex, high-flow-rate wells beneath thick salt layers.

SLB (NYSE: SLB) has scheduled its Third-Quarter 2025 results conference call for October 17, 2025. The company will release its financial results press release at 7:00 AM ET, followed by the conference call at 9:30 AM ET.

Investors can access the call through dial-in numbers (+1 (833) 470-1428 for North America, +1 (646) 844-6383 for international) using access code 188290. A simultaneous webcast will be available at the company's investor portal. A replay will be accessible until October 24, 2025.

SLB (NYSE: SLB) announced that its OneSubsea joint venture has secured an EPC contract from Equinor for the Fram Sør field project in offshore Norway. The contract includes the delivery of a groundbreaking 12-well, all-electric Subsea Production System, featuring 4 subsea templates and 12 all-electric subsea trees.

This marks a significant milestone as the first large-scale all-electric subsea production system in the industry. The project will be developed as a subsea tieback to the Troll C platform in the North Sea, contributing to Europe's energy security. The system's all-electric design eliminates the need for hydraulic fluid from the host platform and minimizes topside modifications, enabling cost-effective large-scale tiebacks and future expansion opportunities.

SLB (NYSE: SLB) has secured a significant contract from the Northern Endurance Partnership (NEP) to develop carbon storage sites in the North Sea. The company will deploy its Sequestri™ carbon storage solutions to construct six carbon storage wells.

The project, a joint venture between bp, Equinor, and TotalEnergies, aims to develop infrastructure for transporting CO2 from the East Coast Cluster to storage facilities under the North Sea. The scope includes drilling, measurement, cementing, fluids, completions, wireline, and pumping services. The infrastructure will have capacity to store up to 1 billion metric tons of CO2, with initial storage of 4 million metric tons per year starting in 2028.

SLB (NYSE: SLB) reported Q2 2025 financial results with revenue of $8.55 billion, up 1% sequentially but down 6% year-on-year. The company posted GAAP EPS of $0.74, increasing 28% sequentially but decreasing 4% year-on-year.

Key financial metrics include net income of $1.01 billion (up 27% sequentially, down 9% YoY), and Adjusted EBITDA of $2.05 billion (up 2% sequentially, down 10% YoY). The company generated cash flow from operations of $1.14 billion and declared a quarterly dividend of $0.285 per share.

Notable events include the completion of ChampionX acquisition and the sale of Palliser Block interests in Alberta, Canada. Despite market uncertainties, SLB maintains a constructive outlook for H2 2025, supported by its diversified portfolio and increased exposure to production and recovery markets.

SLB (NYSE: SLB) has completed its acquisition of ChampionX Corporation through an all-stock transaction where ChampionX shareholders received 0.735 shares of SLB common stock for each ChampionX share. Former ChampionX shareholders now own approximately 9% of SLB's outstanding shares.

The strategic acquisition enhances SLB's portfolio in production chemicals, artificial lift, digital, and emissions technologies. The combination leverages ChampionX's North American presence and SLB's international reach to drive value globally. SLB expects to achieve $400 million in annual pretax synergies within three years post-closing and remains committed to returning $4 billion to shareholders in 2025.

SLB (NYSE:SLB) has announced a strategic collaboration with edge orchestration company ZEDEDA to integrate ZEDEDA's edge computing platform into SLB's Agora™ edge AI and IoT solutions. The partnership aims to enhance SLB's capabilities in deploying edge AI and digital solutions for real-time data analysis across global operations.

ZEDEDA's platform will address key challenges in remote locations, including device deployment, intermittent connectivity, security, and IT support. The collaboration includes joint development of advanced edge AI and computing solutions for the broader energy industry, leveraging ZEDEDA's open architecture built on EVE-OS from the Linux Foundation.