SLB Limited Stock Price, News & Analysis

SLB (NYSE: SLB) reported fourth-quarter 2025 revenue of $9.75 billion (up 9% sequentially, +5% YoY) and full-year 2025 revenue of $35.71 billion (down 2% YoY). Fourth-quarter GAAP diluted EPS was $0.55 and adjusted EPS was $0.78. Full-year GAAP EPS was $2.35 and adjusted EPS was $2.93. Fourth-quarter cash flow from operations was $3.01 billion and free cash flow was $2.29 billion; full-year operating cash flow was $6.49 billion and free cash flow was $4.11 billion. The board raised the quarterly dividend 3.5% to $0.295 per share and committed to returning more than $4 billion to shareholders in 2026. Results include a full quarter contribution from the ChampionX acquisition.

SLB (NYSE: SLB) announced it has completed the acquisition of RESMAN Energy Technology from Nordic Capital on January 21, 2026. RESMAN provides wireless reservoir surveillance and chemical tracer solutions with parts-per-trillion (ppt) detection for tracking water, gas, oil and CO2 movement in reservoirs and wells. RESMAN expanded under Nordic Capital from a single-product firm to multiple product lines, including next-generation technology for carbon monitoring and geothermal wells. Pickering Energy Partners acted as financial advisor to Nordic Capital on the sale. The acquisition positions RESMAN to scale global adoption of its tracer technology across oil and gas, CO2 storage and geothermal applications.

SLB (NYSE: SLB) was awarded a five-year contract by Aramco to provide stimulation services for Saudi Arabia’s unconventional gas fields as part of a broader multi-billion agreement. The scope includes advanced stimulation, well intervention, frac automation and digital solutions aimed at unlocking unconventional gas resources and supporting the Kingdom’s energy diversification and energy transition goals.

SLB highlighted its technology, local expertise, and safety track record as reasons it is positioned to deliver tailored solutions and improve operational performance in large-scale unconventional gas development.

SLB (NYSE: SLB) announced on December 11, 2025 a strategic collaboration agreement with Shell to co-develop digital and agentic AI solutions for upstream operations. The partnership aims to build an open data and AI infrastructure using SLB’s Lumi platform to unify subsurface, well construction and production workflows in a secure environment.

The collaboration follows an earlier technical partnership to deploy Petrel subsurface software across Shell assets and seeks to accelerate automation, autonomy and measurable efficiency gains across the industry.

SLB (NYSE: SLB) will report fourth-quarter and full-year results for the period ending December 31, 2025, with a press release at 7:00 am US Eastern and a conference call on January 23, 2026 at 9:30 am US Eastern.

To join, call +1 (833) 470-1428 (North America) or +1 (646) 844-6383 (outside North America) about 10 minutes before the call and use access code 122785. A listen-only webcast will stream at https://events.q4inc.com/attendee/391273915 (log in 15 minutes early to test browsers). A replay will be available at www.slb.com/irwebcast until January 30, 2026 or by dialing +1 (866) 813-9403 (North America) or +1 (929) 458-6194 (outside North America) with access code 163278.

SLB (NYSE: SLB) on November 3, 2025 launched Tela, an agentic AI assistant purpose-built for the upstream energy sector.

Tela embeds agentic AI across SLB platforms, following a five-step loop: observe, plan, generate, act, learn. It leverages SLB’s Lumi data and AI platform, large language models and domain foundation models to interpret well logs, predict drilling issues, optimize equipment, and adapt workflows in real time. Tela agents can collaborate with humans or operate autonomously and are deployable on cloud or on premises. SLB says customers can build and manage custom Tela agents and integrate partner solutions. More information is available at slb.com/Tela.

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.