Welcome to our dedicated page for SLB news (Ticker: SLB), a resource for investors and traders seeking the latest updates and insights on SLB stock.
SLB Limited (NYSE: SLB) is a global energy technology company active in support activities for oil and gas operations, with a strong emphasis on digital technologies, AI, subsea systems, and emerging low‑carbon solutions. The SLB news stream highlights how the company applies technology and services across upstream oil and gas, production optimization, and carbon storage projects.
Investors and industry followers can use this page to review earnings announcements, conference call schedules, major contracts, and technology launches. Recent releases include quarterly results with detailed segment and geographic breakdowns, commentary on market conditions, and updates on the integration of the ChampionX acquisition into SLB’s Digital and Production Systems divisions.
SLB’s news also showcases large project awards and collaborations. Examples include a five‑year stimulation services contract from Aramco for unconventional gas fields, major completions and electric completions contracts for ultra‑deepwater wells offshore Brazil, and subsea EPC awards for deepwater projects in Malaysia and Norway through the SLB OneSubsea joint venture. These items illustrate SLB’s involvement in unconventional gas, deepwater, and subsea developments.
Another recurring theme in SLB’s news is digital and AI innovation. The company has announced the launch of Tela, an agentic AI assistant for the upstream sector, and a strategic collaboration with Shell to develop digital and AI solutions on SLB’s Lumi data and AI platform. SLB also reports on contracts in carbon capture and storage, such as deploying its Sequestri carbon storage solutions portfolio for the Northern Endurance Partnership in the North Sea.
By following this news page, readers can monitor how SLB’s contracts, digital initiatives, subsea projects, and CCS activities evolve over time and how management describes market conditions, regional activity, and strategic priorities.
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.
SLB reported first-quarter 2025 results with revenue of $8.49 billion, marking a 3% year-on-year decrease. The company's GAAP EPS declined 22% to $0.58, while net income fell 25% to $797 million. Adjusted EBITDA reached $2.02 billion, down 2% year-on-year.
Despite market softness, SLB maintained its adjusted EBITDA margin through cost discipline and portfolio diversification. The company's digital revenue grew 17% year-on-year, contributing to a 6% increase in Digital & Integration division revenue. North America revenue increased 8%, while international revenue declined 5%.
SLB has committed to return a minimum of $4 billion to shareholders in 2025 through dividends and share repurchases. The company completed an accelerated share repurchase program of $2.3 billion at an average price of $40.51 per share. The Board approved a quarterly cash dividend of $0.285 per share.
SLB (NYSE: SLB) has secured a major drilling contract from Woodside Energy (NYSE: WDS) for the ultra-deepwater Trion development project in Mexico. The contract encompasses the delivery of 18 ultra-deepwater wells over three years, utilizing AI-enabled drilling capabilities.
The comprehensive scope includes digital directional drilling services, logging while drilling (LWD), surface logging, cementing, drilling and completions fluids, completions, and wireline services. The project will operate in challenging water depths up to 2,500 meters.
Services will commence in early 2026, managed through SLB's Performance Live™ digital service delivery centers. This follows a previous major contract awarded to SLB OneSubsea™ joint venture in 2023 for subsea equipment. The Trion field, being developed by Woodside in partnership with Pemex, targets first production in 2028.
SLB (NYSE: SLB) has announced its upcoming first-quarter 2025 results conference call, scheduled for April 25, 2025. The company will release its financial results press release at 7:00 am US Eastern time, followed by the conference call at 9:30 am US Eastern time.
Participants can join via phone using the following numbers:
- North America: +1 (833) 470-1428
- International: +1 (404) 975-4839
- Access code: 114893
A simultaneous webcast will be available at the company's investor portal, with replay access until May 2, 2025.
SLB announced successful early tender results for its exchange offer, where Schlumberger Holdings (SHC) offered to exchange up to $2 billion of notes issued by Schlumberger Investment S.A. (SISA) for new SHC notes. The early tender results showed strong participation with approximately:
- $394.4 million of 2034 Notes
- $382.6 million of 2033 Notes
- $309.3 million of 2028 Notes
- $793.0 million of 2030 Notes
SHC amended the Maximum Exchange Amount from $2 billion to $1.88 billion to accommodate all validly tendered notes. Due to reaching the new maximum amount, SHC does not anticipate accepting additional tenders. The exchange settlement is expected on March 17, 2025. SISA also received over 50% consent from holders for proposed amendments to the notes' indentures.