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) announced that its subsidiary Schlumberger Holdings (SHC) has launched a debt exchange offer for up to $2.0 billion aggregate principal amount of notes. The exchange involves certain existing notes issued by Schlumberger Investment S.A. (SISA) for new notes to be issued by SHC.
The exchange offers will expire on March 27, 2025. Holders who tender their notes by the early tender deadline of March 12, 2025 will be eligible for the Early Exchange Consideration, which includes the Total Exchange Consideration and Early Exchange Premium. The early settlement date is expected to be March 17, 2025, with the final settlement date around March 31, 2025.
The new SHC notes will maintain the same interest rates, maturity dates, payment dates, and optional redemption terms as the existing SISA notes. The offers are subject to a Maximum Exchange Amount and Acceptance Priority Levels.
SLB announced that all waiting periods under the U.S. Hart-Scott-Rodino Antitrust Improvements Act for its planned acquisition of ChampionX have expired, allowing SLB to legally close the transaction in the United States.
As part of the HSR review, SLB and ChampionX have reached a definitive agreement to sell ChampionX's equity interests in US Synthetic to a third-party buyer, conditional on the closing of the acquisition. SLB will retain its MegaDiamond business for polycrystalline diamond compact cutters.
The transaction still requires antitrust approval in other jurisdictions. In Norway, the Norwegian Competition Authority will continue its assessment through a Phase II review. Due to these ongoing regulatory processes, SLB now expects the transaction to close by the end of Q1 or early Q2 2025.
SLB (NYSE: SLB) has announced that its OneSubsea joint venture has secured a significant agreement with Vår Energi for subsea production systems (SPS) on the Norwegian Continental Shelf. The deal includes two four-well equipment packages, with the first package comprising a complete SPS system including vertical subsea trees, wellheads, templates, manifolds, and umbilicals.
The second package covers engineering and procurement of components for another same-size SPS system. This strategic partnership leverages SLB OneSubsea's standard, configurable subsea platform, enabling Vår Energi to accelerate subsea developments and significantly reduce time from final investment decisions to delivery across their project pipeline.
DEEP Earth Energy Production Corp. has announced a strategic partnership with SLB (NYSE: SLB) to develop Canada's first next-generation geothermal project in southeast Saskatchewan. The project, having completed its feasibility phase, aims to produce up to 30 MW of emissions-free, baseload power through its initial two phases.
The collaboration involves SLB providing engineering design and integrated well construction services, including the development of two production and two injection wells in phase one and up to 18 wells in phase two. The project will utilize advanced horizontal drilling techniques and production enhancement technologies from the oil & gas industry to optimize geothermal energy generation.
The innovative approach leverages natural rock formation permeability to enable cost-efficient and sustainable geothermal energy production, addressing traditional economic and technical challenges in Canada's untapped geothermal potential.
SLB Capturi and Aker Solutions have secured an EPCIC contract from Hafslund Celsio to implement a carbon capture solution at their waste-to-energy facility in Oslo, Norway. The project, part of the Norwegian Government's Longship CCS initiative, will include a carbon capture plant, liquefaction system, and storage facilities.
The facility is expected to capture 350,000 metric tons of CO2 annually when operational. The project will utilize SLB Capturi's modularized Just Catch™ 400 unit, designed to reduce onsite footprint and installation costs. The captured CO2 will be transported to the Northern Lights permanent storage facility on the Norwegian continental shelf.
This marks the second carbon capture plant in the Longship project for SLB Capturi, following their ongoing work at Heidelberg Materials' cement facility in Brevik. The project is scheduled to be operational by third quarter 2029.
SLB (NYSE: SLB) announced the completion and handover of its first modular carbon capture plant at Twence's waste-to-energy facility in Hengelo, Netherlands. The plant, built by SLB Capturi, features the standard, modular Just Catch™ design and has the capacity to capture up to 100,000 metric tons of CO2 annually.
The captured CO2 will be utilized in the horticulture and food and beverage sectors. The modular design reduces onsite installation and outfitting work, offering a more cost-efficient and easier-to-deploy solution compared to market alternatives. The plant will begin supplying CO2 to the greenhouse horticulture sector in spring.
SLB reported strong financial results for Q4 and full-year 2024. Fourth-quarter revenue reached $9.28 billion, up 1% sequentially and 3% year-on-year. Full-year revenue was $36.29 billion, marking a 10% increase from 2023.
The company demonstrated solid profitability with Q4 GAAP EPS of $0.77 and adjusted EPS of $0.92. Full-year GAAP EPS grew 7% to $3.11, while adjusted EPS increased 14% to $3.41. The company generated $3.99 billion in free cash flow for 2024.
SLB's Board approved a 3.6% increase in quarterly dividend to $0.285 per share and initiated $2.3 billion in accelerated share repurchases. The company's international revenue grew 12% year-on-year, led by strong performance in Middle East & Asia (18% growth) and Europe & Africa (13% growth). Digital & Integration division showed notable growth with a 10% revenue increase year-on-year.
SLB (NYSE: SLB) has secured significant drilling contracts from Shell for deep- and ultra-deepwater assets across multiple regions, including the UK North Sea, Trinidad and Tobago, and the Gulf of Mexico. The three-year projects will integrate SLB's AI-enabled digital drilling capabilities with its ultra-deepwater expertise to deliver consistent and cost-efficient wells.
The contracts encompass digital directional drilling services and hardware, logging while drilling (LWD), surface logging, cementing, drilling and completions fluids, completions, and wireline services. Services have already commenced and will be managed through SLB's Performance Live™ centers.
SLB (NYSE: SLB) has announced its upcoming conference call to discuss fourth-quarter and full-year 2024 financial results, scheduled for January 17, 2025, at 9:30 a.m. U.S. Eastern time. The company will release its press release at 7:00 a.m. U.S. Eastern time on the same day.
The conference call will be accessible via phone and webcast. North American participants can dial +1 (833) 470-1428, while international callers should use +1 (404) 975-4839, with access code 491926. A simultaneous webcast will be available at the company's website, with replay access until January 24, 2025.
SLB (NYSE: SLB) has secured a contract from Petrobras for two subsea raw seawater injection (RWI) systems for the Búzios field in Brazil. The systems will support FPSOs P-74 and P-75, each including a subsea seawater injection pump, umbilical system, and topside variable speed drive. These RWI systems aim to increase production by addressing water injection capacity bottlenecks and will reduce greenhouse gas emissions per barrel of oil compared to conventional topside injection systems.
The project will strengthen SLB's local presence in Brazil through manufacturing plants and subsea service facilities. The company will provide technical support using AI-enabled Subsea Live™ services, including condition monitoring and domain expert access.