SLB Limited reports developments as a global energy technology and oilfield-services company serving oil and gas, digital, decarbonization, and new energy activities. Recurring news includes quarterly results, international and North America activity, and segment trends across Reservoir Performance, Well Construction, Digital, and Production Systems.
Company updates also cover contract awards and collaborations involving SLB OneSubsea, subsea production systems, multiphase boosting, and deepwater project execution. SLB’s digital news centers on enterprise platforms such as Delfi, cloud-based workflows, AI infrastructure, and data and AI capabilities, while post-acquisition updates describe the contribution of ChampionX businesses to production, recovery, Digital, and Production Systems activity.
SLB (NYSE: SLB) launched the ExaCT electrical downhole coiled tubing (CT) control system, which replaces pressure‑dependent hydraulic actuation with real-time electrical power, communication and telemetry. The platform enables continuous communication with downhole tools, providing greater visibility, precision and on-demand actuation across extended‑reach and multilateral well interventions.
The ExaCT system supports multiple services in a single run—logging, stimulation, isolation and shifting—reducing the need for repeat interventions. Field deployments showed about 175 hours of time saved in a six‑lateral well, fluid savings of more than 3,000 barrels, up to 30% shorter cleanout and scale-removal operations, and 20% lower fluid consumption, while sustaining 81 hours of continuous downhole operation.
SLB (NYSE: SLB) announced a contract from Brunei Shell Petroleum to support restoration of production from shut-in wells across multiple offshore fields. The scope covers subsurface evaluation, well candidate selection, engineering, project management and offshore execution within an integrated model that combines intervention, monitoring, metering and marine logistics to optimize recovery from mature assets.
SLB (NYSE: SLB) reported second-quarter 2026 revenue of $8.97 billion, up 3% sequentially and 5% year on year. GAAP diluted EPS was $0.52, up 4% sequentially but down 30% year on year; EPS excluding charges and credits was $0.55, up 6% sequentially and down 26% year on year.
Net income attributable to SLB was $786 million, with adjusted EBITDA of $1.90 billion and a 21.2% margin. Operating cash flow was $1.36 billion and free cash flow $716 million. ChampionX contributed $870 million of revenue. SLB repurchased 12 million shares for $648 million, and the Board approved a quarterly dividend of $0.295 per share, payable October 8, 2026.
SLB (NYSE: SLB) announced an agreement with Liberty Energy (NYSE: LBRT) to form a strategic alliance focused on delivering modular data center infrastructure and integrated, behind-the-meter power generation solutions for new data center projects worldwide, targeting fast-growing AI and high-performance computing power needs.
Under the planned alliance, SLB will contribute modular data center infrastructure, project execution and global reach, while Liberty will provide modular power generation, intelligent power controls and operational expertise. The companies also plan joint technology work on hybrid power systems, digital energy management and advanced power architectures. According to SLB, it has shipped over 1.3 GW of modular infrastructure since April 2024 and expects more than 2 GW cumulatively by year-end, while Liberty plans to deploy about 3 GW of power projects by 2029.
SLB (NYSE: SLB) announced that its OneSubsea joint venture has been awarded a major multi-well engineering, procurement and construction (EPC) contract by Eni for Phase 3 of the deepwater Baleine project offshore Côte d’Ivoire. Under the contract, SLB OneSubsea will supply complete subsea production systems (SPS) for 13 wells, including subsea trees, umbilicals, manifolds, multiphase flowmeters and control systems, plus installation, commissioning and life-of-field support.
According to SLB, the integrated delivery model is intended to streamline execution and support Baleine’s fast-track development schedule. Project execution will leverage SLB OneSubsea’s established in-country presence and local capabilities in Côte d’Ivoire to support efficient delivery over the life of the project.
SLB (NYSE:SLB) is expanding its long-term lease at IRG's Shreveport Business Park, taking its footprint to 3.1 million sq. ft. in the former GM plant. The 3.5-million-sq.-ft. campus is now fully leased, backed by SLB investments totaling $48.5 million and growing employment.
SLB currently has 820 employees on site, with about 1,200 expected after the expansion and an estimated 1,400 jobs at the park by 2027. IRG reports leasing 4.3 million sq. ft. of vacant space in 2026, highlighting significant industrial reuse and regional economic impact.
SLB (NYSE: SLB) received a seven-year contract from Kuwait Oil Company under the Ahmadi Innovation Valley (AIV) initiative, making SLB its first contracted partner.
SLB will support nearly 100 applied research and technology projects and build a dedicated AIV facility in Kuwait by 2028.
SLB (NYSE: SLB) launched the SLB Digital Marketplace, a curated platform for energy companies to discover and deploy AI agents, domain models, data connectors and digital applications inside existing environments.
The marketplace hosts about 200 digital products from SLB and over 30 partners, all certified for security, interoperability and compatibility. It extends SLB’s open platform strategy around its Tela agentic AI assistant and supports Delfi and Lumi SaaS workflows.
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SLB (NYSE: SLB) signed a memorandum of understanding with Qualcomm Technologies to develop edge AI solutions for energy operations. The collaboration combines Qualcomm’s low‑power edge computing and AI processing with SLB’s Agora™ edge AI and IoT portfolio.
It targets real-time decision-making across wells, facilities and production systems, especially in remote, connectivity-constrained environments. According to SLB, the effort aims to support more autonomous workflows, modernize legacy operational environments and strengthen cybersecurity across operational technology layers.