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SLB has secured two prestigious awards at the 2024 Gulf Energy Information Excellence Awards, which recognized outstanding innovations from over 500 nominations across 29 categories. The company won in Best Production Technology for their Multicycle System for Actuated Response (MSAR), which enhances downhole operations efficiency through surface-commanded fluid diversion, and in Best Controls, Instrumentation, and Automation Technology-Upstream for their Autonomous Well Intervention system.

The latter achievement, developed in collaboration with Aker BP, combines digital workflows and autonomous execution for various well intervention operations, resulting in improved success rates, faster operations, reduced CO2 emissions, and lower operational costs.

SLB has announced that Ann Robertson-Tait, president of its GeothermEx™ geothermal consulting services, has been honored with the prestigious Geothermal Pioneer Award from Geothermal Rising, the world's largest geothermal association.

SLB (NYSE: SLB) announced that its OneSubsea joint venture has been awarded a contract by bp for a subsea boosting system for the Kaskida project in the deepwater U.S. Gulf of Mexico. This marks the first engineering, procurement and construction (EPC) contract for a subsea boosting system between the two companies. The project includes a high-pressure subsea pump solution with integrated power and controls umbilical, and topside equipment. The system will provide artificial lift to maximize production through accelerated recovery of reserves with minimal energy consumption in bp's first Paleogene field development.

SLB reported its third-quarter 2024 results, highlighting a 10% year-on-year revenue increase to $9.16 billion and a GAAP EPS of $0.83, up 6% year on year. Adjusted EPS, excluding charges, rose by 14% to $0.89. Net income grew 6% year on year to $1.19 billion, and adjusted EBITDA increased 13% to $2.34 billion. Free cash flow was $1.81 billion. The Board approved a $0.275/share dividend. Revenue from the Aker subsea business added $532 million. Digital & Integration saw a 4% sequential revenue increase, with a 456 bps margin expansion. Production Systems reported a 31% year-on-year revenue growth. The company repurchased 11.3 million shares for $501 million. SLB also entered into an agreement to sell interests in the Palliser Block in Canada, expected to close in Q4 2024. The company highlighted its digital and long-cycle projects as key growth drivers amid a cautious macro environment.

SLB (NYSE: SLB), a global energy technology company, has announced a definitive agreement to sell its interests in the Palliser Block in Alberta, Canada. The Palliser Block includes oil and gas wells, surface facilities, a pipeline network, and certain oil and gas development rights. The transaction is subject to regulatory approval and other customary closing conditions. It is expected to close late in the fourth quarter of 2024.

SLB, a global energy technology company, has partnered with the She Is Foundation to launch the She Is an Astronaut program, aimed at inspiring young women in STEM fields. The program brought 24 girls aged 11-16 from Colombia, Ecuador, and Peru to the NASA Space Center in Houston, Texas. Participants engaged in virtual and in-person STEM learning over several months, culminating in a week-long experience that included visits to NASA and SLB's technology center.

The program offers participants a behind-the-scenes look at mission control rooms and astronaut training areas, emphasizing the importance of diversity and collaboration in STEM. Carlos Sarmiento, director of Culture, Diversity and Inclusion at SLB, highlighted the company's belief in the transformative power of education. The initiative aims to empower young women to become future leaders in STEM and develop projects that positively impact their communities.

SLB has been named a finalist in the 2024 Reuters Sustainability Awards for the Net Zero: Supply Chain Decarbonization category. This recognition highlights SLB's efforts in managing and transforming their supply chain to reduce greenhouse gas emissions. The company was selected from over 700 entries across 17 categories.

Gwenola Boyault, VP of Planning and Supply Chain at SLB, emphasized the importance of initiatives like their Carbon Disclosure Project (CDP) program and integrating environmental scoring into the tender process. These efforts have helped suppliers advance in climate action maturity.

SLB's approach to sustainability extends throughout its value chain, engaging employees, customers, and suppliers. Mikki Corcoran, VP of Sustainability, stressed the role of technology in helping SLB and its partners on a low-carbon path. The company's sustainable supply chain practices are detailed in their Sustainability Report.

SLB (NYSE: SLB) has announced its upcoming third-quarter 2024 results conference call, scheduled for October 18, 2024. The call will begin at 9:30 am US Eastern time, with a press release detailing the results to be issued at 7:00 am US Eastern time. Investors can access the call by contacting the Conference Call Operator at +1 (844) 721-7241 (North America) or +1 (409) 207-6955 (outside North America) using the access code 8858313.

A live webcast will be available at www.slb.com/irwebcast for listen-only participants. Following the call, a replay will be accessible at the same website until November 18, 2024, and via phone using the access code 8893594.

SLB (NYSE: SLB) has announced a joint venture agreement with ADNOC Drilling Company and Patterson-UTI to create Turnwell Industries OPC. This partnership aims to accelerate the UAE's unconventional oil and gas program, with an initial target of completing 144 wells by the end of 2025. The joint venture will leverage AI, smart drilling design, completions engineering, and production solutions.

SLB will provide integrated drilling, stimulation, and completion services, along with project management, digital capabilities, and subsurface support. ADNOC Drilling will hold a 55% majority stake, SLB a 30% stake, and Patterson-UTI the remaining 15%. The partnership is expected to elevate the performance of UAE's unconventional energy assets in a safe and sustainable manner.