Schlumberger Ltd is a leading global provider of technology and services to the oil and gas industry, specializing in various aspects of exploration, drilling, production, and reservoir management. The company offers a comprehensive range of solutions, including advanced data analytics, digital technologies, and integrated project management, which help energy companies optimize their operations and enhance efficiency. Schlumberger's innovative tools and services are designed to address the complex challenges of resource extraction and contribute to more sustainable practices within the energy sector. With a presence in numerous countries, the company plays a critical role in supporting the energy industry's transition toward more advanced and environmentally responsible extraction methods. Read More
Global energy technology company SLB (NYSE: SLB) today announced a 15-year agreement with TotalEnergies to use the DrillPlan™ coherent well planning and engineering solutions. The agreement will support TotalEnergies’ transition to a digital planning environment, connecting subsurface insights with well planning and engineering.
What Happened? A number of stocks fell in the afternoon session after surging long-term Treasury yields reached multi-decade highs and energy market tightnes...
Large-cap stocks usually command their industries because they have the scale to drive market trends. The flip side though is that their sheer size can limit...
Global energy technology company SLB (NYSE: SLB) today announced that its OneSubsea™ joint venture has been awarded a contract by ExxonMobil Moçambique, Limitada, on behalf of its Area 4 partners, (ENH, CNPC, ENI, KOGAS and XRG), to deliver subsea production systems for the first phase of the offshore Rovuma LNG project in Mozambique.
Global energy technology company SLB (NYSE: SLB) today announced it has been awarded four integrated well construction contracts by Aramco to support oil and gas development across the Kingdom of Saudi Arabia. Under the contracts, SLB will manage end-to-end well construction services, delivering more than 450 wells in the three-year term, with an optional extension of up to two years.
While the S&P 500 (^GSPC) includes industry leaders, not every stock in the index is a winner. Some companies are past their prime, weighed down by poor exec...
Insider executed sale under pre-established Rule 10b5-1 trading plan, maintaining substantial direct holdings of 1.3 million shares valued at $80 million.
Not all profitable companies are built to last - some rely on outdated models or unsustainable advantages. Just because a business is in the green today does...
SLB's $4.1 billion acquisition of Kelvion builds a data-center growth engine alongside its NVIDIA partnership, even as legacy oilfield earnings continue to decline year-over-year.
What Happened? A number of stocks fell in the afternoon session after a surge in crude oil prices offered a near-term lift, but broader market volatility and...
SLB (NYSE:SLB) has outperformed the market over the past 5 years by 5.25% on an annualized basis producing an average annual return of 16.29%. Currently, SLB has a market capitalization of $87.84 billion. Buying $100
SLB (NYSE:SLB) said it has agreed to acquire thermal management and heat-exchange technology provider Kelvion in a transaction valued at approximately $3.4 billion in cash, plus the assumption of about $700 million in debt. The company expects the acquisition to close in the first half of 2027, subj
SLB (NYSE: SLB) today announced it has signed an agreement to acquire Kelvion, a global provider of thermal management and heat exchange technologies. The acquisition strengthens SLB's Data Center Solutions business with critical thermal management technologies and expands the company's role in data center infrastructure, which is one of the world’s fastest-growing industrial and technology markets.
NEW YORK and HERNE, Germany, Aug. 31, 2026 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that global energy technology company SLB (NYSE: SLB) has entered into definitive agreement to acquire 100% of Kelvion, a leading global developer and manufacturer of thermal management solutions, for approximately $3.4 billion in cash and will assume approximately $0.7 billion of debt. Today, Kelvion is majority owned by Apollo-managed funds; funds advised by Triton hold a minority interest that will also be acquired by SLB.
Let’s dig into the relative performance of SLB (NYSE:SLB) and its peers as we unravel the now-completed Q2 oilfield services earnings season. Oilfield servic...
