$SLB

28 stories mentioning SLB

Every FINWIRES story that references SLB, newest first.

SLB, PDVSA Sign Agreement to Support Venezuelan Energy Sector Modernization

Texas-based SLB (SLB) on Wednesday said it has entered into a long-term framework agreement with state-owned energy company Petroleos de Venezuela SA, also known as PDVSA, to help modernize and upgrade Venezuela's oil and gas sector.Terms of the memorandum of understanding lay the groundwork for cooperation across exploration, field development, production, digital enablement, and workforce training and development, the company said in a statement."A key focus of the agreement is the digital transformation of Venezuela's oil and gas sector. SLB and PDVSA plan to assess how connected data, predictive models and AI-enabled workflows can help improve efficiency, accelerate decision-making and strengthen the industry's operating foundation," the statement said.It also provides a roadmap for cooperation in exploration, field development, and production, including opportunities to improve output from mature fields, increase the value of heavy crude reserves, optimize infrastructure, and develop future resources.SLB, an oilfield services and energy technology company, also intends to collaborate with PDVSA and Venezuelan academic and institutional stakeholders to help build local technical expertise.Price: $55.45, Change: $-0.06, Percent Change: -0.11%

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Sectors5d ago

Sector Update: Energy Stocks Decline Late Afternoon

Energy stocks were lower late Tuesday afternoon, with the NYSE Energy Sector Index falling 1.8% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 2%.The Philadelphia Oil Service Sector Index was shedding 2.3%, and the Dow Jones US Utilities Index rose 0.6%.Oil prices declined on Tuesday after President Donald Trump said the Iran war could end within days. Trump told reporters in New York that a diplomatic resolution to the Middle East conflict could be reached in "two or three days," CNBC reported. The critical Strait of Hormuz, which remains effectively shut, would reopen "immediately" after the deal, Trump reportedly said.Front-month West Texas Intermediate crude oil fell 3.4% to $88.18 a barrel, and the global benchmark Brent crude contract dropped 2.9% to $91.53 a barrel. Henry Hub natural gas futures decreased 0.4% to $3.14 per 1 million BTU.In corporate news, BP (BP) said Tuesday the company will be run under a new, simplified organizational structure -- Upstream and Downstream -- from July 1. BP shares were down 3%.Uranium Energy (UEC) shares tumbled 18% after the firm reported a fiscal Q3 net loss of $0.11 per share, widening from a loss of $0.07 a year earlier. Analysts surveyed by FactSet expected a loss of $0.03.SLB (SLB) said Tuesday it signed a memorandum of understanding with Qualcomm (QCOM) to enable edge AI offerings for the energy sector. SLB shares were down 2.5%.Halliburton (HAL) said it has entered into an agreement with Pampa Energia to support the digital transformation of its unconventional operations in Argentina's Vaca Muerta shale region. Halliburton shares declined 2.7%.

$BP$HAL$SLB$UEC

Sectors5d ago

Sector Update: Energy

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Wire6d ago

SLB Collaborating With Qualcomm to Offer Edge AI Services for the Energy Sector

SLB (SLB) said Tuesday it signed a memorandum of understanding with Qualcomm Technologies (QCOM) to enable edge AI offerings for the energy sector, facilitating real-time operational decision-making across facilities and well systems.Under the deal, SLB's Agora edge AI and IoT offerings will combine with Qualcomm's low-power AI processing capabilities for remote and complex environments, expected to help operators overhaul legacy operations, according to a statement.Financial terms of the collaboration were not disclosed.Price: $55.94, Change: $-0.61, Percent Change: -1.08%

$QCOM$SLB

Commodities6d ago

SLB OneSubsea Secures Contract for BP Project in US Gulf

SLB OneSubsea, a joint venture partly owned by energy technology firm SLB (SLB), has been awarded a contract from BP (BP) to provide a subsea boosting system for the latter in the Gulf of Mexico, recognized by the US government as Gulf of America, SLB said on Monday.The engineering, procurement and construction contract for BP's project dubbed Thunder Horse, comes after other BP contract awards to OneSubsea for the Kaskida and Tiber developments.All three will make use of the same boosting system solution, SLB said.Its benefits include improved execution efficiency and shorter delivery times, the statement said."Subsea boosting is an important enabler for extending production from existing assets," said Mads Hjelmeland, CEO of SLB OneSubsea.

$BP$SLB

Sectors7d ago

Sector Update: Energy Stocks Advance Premarket Monday

Energy stocks were advancing premarket Monday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.7% higher.The United States Oil Fund (USO) was up 1.9% and the United States Natural Gas Fund (UNG) was 2.8% lower.Front-month US West Texas Intermediate crude oil was 1.3% higher at $91.69 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 1.7% to $94.68 per barrel, and natural gas futures were down 3.1% at $3.13 per 1 million British Thermal Units.Eni (E) and Petronas have launched a new 50/50 joint venture called Searah that will combine businesses across Indonesia and Malaysia, the companies said. Shares of Eni were up more than 1% pre-bell.Devon Energy (DVN) stock was up more than 1% after the company said between 66% and 98% of notes across seven bond series were tendered early to its exchange offers.SLB (SLB) said its OneSubsea joint venture won a contract from BP (BP) to provide a subsea boosting system for the Thunder Horse development in the Gulf of America. SLB shares were 0.5% higher premarket.

$BP$DVN$E$SLB$UNG$USO$XLE

Wire31d ago

Oilfield Services Stocks Post Solid Q1 Results Amid Easing Middle East Concerns, Morgan Stanley Says

Oilfield services and equipment stocks delivered strong Q1 results, mainly driven by stable North American activity and better-than-feared Middle East impact, Morgan Stanley said in a note Thursday.According to the note, Middle East disruptions remained the main near-term headwind for the sector, but management teams broadly described the impact as "transitory."Companies including Baker Hughes (BKR), Halliburton (HAL), SLB (SLB), NOV (NOV), Helmerich & Payne (HP), and Tenaris (TS) pointed to effects such as offshore activity curtailments, supply chain friction, higher logistics costs, and softer regional activity.The companies also highlighted incremental activity upside outside the region, as customers increasingly focus on energy security and supply diversification. Tenaris noted that operators are already accelerating North American and offshore activity in response, while Transocean (RIG) said the conflict has reinforced the global energy security imperative, the bank said."The broader takeaway was that the geopolitical shock may ultimately extend the international and offshore upcycle, thus supporting a more constructive medium-term backdrop," the firm added.Morgan Stanley raised its price targets on Tenaris to $53 from $50 and on Helmerich & Payne to $39 from $35.Price: $62.98, Change: $-0.62, Percent Change: -0.97%

$BKR$HAL$HP$RIG$SLB$TS

Commodities35d ago

Adnoc Drilling Expands Fleet, Rig Availability in Q1

Adnoc Drilling highlighted fleet expansion and improved rig availability in its Q1 results on Monday, which have supported record quarterly revenue.The company's fleet grew to 148 rigs in Q1 from 142 rigs in the year-ago period. With the acquisition of a 70% stake in SLB (SLB) and an 80% stake in MB Petroleum Services, Adnoc Drilling's pro-forma fleet in Q1 stood at 170.During the period, rig availability increased year over year to 98% from 96%. Data showed that onshore rig availability was at 99% in Q1, while offshore rig availability was at 97%.The upstream company drilled a total of 191 wells in Q1, according to the report, of which 160 were located onshore and 31 were offshore. These compare with Q1 2025's 184 wells, consisting of 149 onshore wells and 35 offshore wells.The company also reported that, for its onshore segment, revenue declined 3% year over year to $477 million. The addition of eight land rigs following a stake acquisition in SLB was offset by the impact of repurposing of onshore rigs and conversion of two onshore rigs to offshore rigs in H2 2025.The offshore segment posted a 3% year-over-year rise in revenue to $345 million, due to the addition of two new jack-ups in H2 2025, and with two converted onshore rigs.In the oilfield services segment, Q1 revenue stood at $406 million, a 19% jump from a year earlier. The number of rigs providing integrated drilling services rose to 60, compared with the prior year's 57. The number providing discrete services rose to 53 rigs, relative to 48 rigs a year earlier.For the full year of 2026, the company expects onshore revenue to reach $2 billion, while it projects offshore and oilfield services will generate $1.5 billion each in revenue.

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Wire41d ago

Argus Lifts SLB Price Target to $66 From $58

SLB (SLB) has an average rating of overweight and mean price target of $60.86, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $56.14, Change: $-0.79, Percent Change: -1.38%

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Equities42d ago

Equinor Extending Supplier Deals for Drilling, Well Services

Equinor (EQNR) is extending key supplier deals for drilling and well services with an aggregate value of about 17 billion Norwegian kroner ($1.83 billion), the company said Monday.It is exercising one-year options under three contracts for integrated drilling and well services, as well as two-year options under 18 company framework agreements for relevant specialist services.The company said the drilling and well services deals are valued at 8.3 billion kroner and were awarded to Baker Hughes (BKR), Halliburton (HAL) and SLB (SLB).The corporate framework agreements are pegged at 4.3 billion kroner per annum over two years, according to Equinor.The company's shares were up 1.5% in premarket activity.

$BKR$EQNR$HAL$SLB

Insider Trading42d ago

Slb Limited/nv Insider Sold Shares Worth $2,998,766, According to a Recent SEC Filing

Steve Matthew Gassen, Executive Vice President of Geographies, on May 01, 2026, sold 53,379 shares in Slb Limited/nv (SLB) for $2,998,766. Following the Form 4 filing with the SEC, Gassen has control over a total of 53,160 common shares of the company, with 47,421 shares held directly and 5,739 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/87347/000008734726000110/xslF345X05/form4.xml

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Wire45d ago

Raymond James Adjusts SLB Price Target to $62 From $58

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Wire45d ago

Citigroup Adjusts SLB Price Target to $68 From $59

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Insider Trading46d ago

SLB Insider Sold Shares Worth $1,412,000, According to a Recent SEC Filing

Olivier Le Peuch, Director, Chief Executive Officer, on April 29, 2026, sold 25,000 shares in SLB (SLB) for $1,412,000. Following the Form 4 filing with the SEC, Le Peuch has control over a total of 1,391,328 common shares of the company, with 1,391,328 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/87347/000008734726000075/xslF345X05/form4.xml

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Research48d ago

Zephirin Raises Price Target on SLB to $43 From $41, Keeps Sell Rating, Medium Risk

SLB (SLB) has an average rating of overweight and mean price target of $59.78 according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Wire48d ago

SLB's Softer Q2 Guide is due to Incremental Impact From Middle East Disruptions, RBC Says

SLB's (SLB) softer Q2 guidance is due to incremental impact from Middle East disruptions, but markets continue to focus on the scope of higher service demand exiting the conflict, RBC Capital Markets said in a Friday research report.The brokerage anticipates 2026 free cash flow of $3.9 billion, given that SLB expects to spend $2.5 billion of capital this year, which could prompt the company to return all of its FCF to shareholders in 2026.For Q2, RBC guided for EPS of $0.53 on revenue of $8.7 billion, according to the note.The brokerage reiterated its outperform rating on the stock and price target of $61 per share.Price: $55.53, Change: $-0.63, Percent Change: -1.11%

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Wire49d ago

SLB's Production Exposure, Data Center Solutions, Digital Segment to Support Earnings in 2026, Morgan Stanley Says

SLB's (SLB) production-focused exposure, growth in Data Center Solutions, and its Digital segment will support earnings durability in 2026, with additional leverage to recovery in 2027 to 2028, Morgan Stanley said Monday.Management framed Q1 as a disruptive reset rather than a demand issue, with Middle East outages weighing on short-term results but not the underlying upcycle, the brokerage said.SLB forecasts a gradual recovery in the Middle East, with restoration activity a near-term driver followed by capacity expansion to replenish lost supply, according to the note.Management expects mid-to-high single digit international growth excluding the Middle East in Q2, with strength across multiple basins countering regional declines, the brokerage added.For full-year 2026, SLB reiterated its capital investment plan of about $2.5 billion and shareholder returns of more than $4 billion despite short-term volatility, with growth led by international markets, as well as digital and production-oriented businesses, according to the note.Morgan Stanley maintained an overweight rating on SLB and raised the price target to $57 from $55.Price: $55.61, Change: $-0.55, Percent Change: -0.97%

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Wire51d ago

Sector Update: Energy Stocks Softer Late Afternoon

Energy stocks declined late Friday afternoon, with the NYSE Energy Sector Index shedding 0.7% and the State Street Energy Select Sector SPDR ETF (XLE) decreasing 0.2%.The Philadelphia Oil Service Sector Index rose 1.8%, and the Dow Jones US Utilities Index added 0.1%.West Texas Intermediate crude oil fell 1.2% to $94.68 a barrel, and global benchmark Brent rose 0.5% to $105.64 a barrel. Henry Hub natural gas futures shed 3.7% to $2.52 per 1 million BTU.In corporate news, TotalEnergies (TTE) secured financing for its Mirny onshore wind and battery energy storage system project in southeast Kazakhstan. The stock fell 0.7%.X-Energy (XE) shares jumped 27% following their debut on Nasdaq.SLB (SLB) reported mixed Q1 results, reflecting headwinds from the Middle East conflict. The shares rose 2.8% as revenue topped estimates, while earnings fell.BP (BP) and Repsol have been accused of anti-competitive practices in a complaint filed with the European Commission by Spanish fuel wholesaler Hatta Energy, Bloomberg reported. BP shares were down 0.4%.

$BP$SLB$TTE$XE

Research51d ago

Research Alert: CFRA Keeps Hold Opinion On Shares Of Slb N.v.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Our 12-month target price of $58, raised $7, reflects a combination of relative valuation and DCF models. On a relative basis, we apply a 9x multiple of enterprise value to projected 2027 EBITDA, about in line with SLB's historical forward average. This approach yields a value of $52 per share. Our DCF model, using medium-term free cash flow growth of 6% per year, 2.5% thereafter, discounted at a WACC of 7.3%, yields a value of $64 per share. The ongoing war in the Middle East is a source of near-term headwinds for SLB, including a projected $0.06 per-share impact in Q2 (our forecast: management cited a range of $0.06-$0.08 per share). In the longer term, we expect demand for oilfield services in the Middle East to bounce back, and SLB remains the preeminent oil services name in the region. We cut our 2026 EPS estimate by $0.58 to $2.21 but lift 2027's by $0.05 to $3.05. SLB also noted rising interest in deepwater activity, which bodes well for 2027 onward we think.

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Wire51d ago

Sector Update: Energy Stocks Lower in Afternoon Trading

Energy stocks declined Friday afternoon, with the NYSE Energy Sector Index shedding 1.2% and the State Street Energy Select Sector SPDR ETF (XLE) decreasing 0.8%.The Philadelphia Oil Service Sector Index rose 1.8%, and the Dow Jones US Utilities Index added 0.2%Crude oil futures dropped following reports that Iran's Foreign Minister Abbas Araghchi and President Donald Trump's envoys will arrive in Pakistan for peace talks this weekend. Araghchi, the main mediator between Tehran and Washington, is set to arrive in Islamabad with a small delegation, Pakistani government sources and an Iranian source told CNN. Pakistan is brokering the talks between Washington and Tehran, seeking an end to the war in Iran and a reopening of the Strait of Hormuz.West Texas Intermediate crude oil fell 2% to $93.92 a barrel, and global benchmark Brent eased 0.2% to $104.85 a barrel. Henry Hub natural gas futures declined 3.3% to $2.53 per 1 million BTU.In corporate news, X-Energy (XE) shares were up 26% following their debut on Nasdaq.SLB (SLB) reported mixed Q1 results, reflecting headwinds from the Middle East conflict. The shares rose 3.8% as revenue topped estimates, while earnings fell.BP (BP) and Repsol have been accused of anti-competitive practices in a complaint filed with the European Commission by Spanish fuel wholesaler Hatta Energy, Bloomberg reported. BP shares were down 0.8%.

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