Schlumberger Stock Price, News & Analysis

SLB (NYSE: SLB) has scheduled its Third-Quarter 2025 results conference call for October 17, 2025. The company will release its financial results press release at 7:00 AM ET, followed by the conference call at 9:30 AM ET.

Investors can access the call through dial-in numbers (+1 (833) 470-1428 for North America, +1 (646) 844-6383 for international) using access code 188290. A simultaneous webcast will be available at the company's investor portal. A replay will be accessible until October 24, 2025.

SLB (NYSE: SLB) announced that its OneSubsea joint venture has secured an EPC contract from Equinor for the Fram Sør field project in offshore Norway. The contract includes the delivery of a groundbreaking 12-well, all-electric Subsea Production System, featuring 4 subsea templates and 12 all-electric subsea trees.

This marks a significant milestone as the first large-scale all-electric subsea production system in the industry. The project will be developed as a subsea tieback to the Troll C platform in the North Sea, contributing to Europe's energy security. The system's all-electric design eliminates the need for hydraulic fluid from the host platform and minimizes topside modifications, enabling cost-effective large-scale tiebacks and future expansion opportunities.

SLB (NYSE: SLB) has secured a significant contract from the Northern Endurance Partnership (NEP) to develop carbon storage sites in the North Sea. The company will deploy its Sequestri™ carbon storage solutions to construct six carbon storage wells.

The project, a joint venture between bp, Equinor, and TotalEnergies, aims to develop infrastructure for transporting CO2 from the East Coast Cluster to storage facilities under the North Sea. The scope includes drilling, measurement, cementing, fluids, completions, wireline, and pumping services. The infrastructure will have capacity to store up to 1 billion metric tons of CO2, with initial storage of 4 million metric tons per year starting in 2028.

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 (NYSE: SLB) has scheduled its second-quarter 2025 financial results conference call for July 18, 2025, at 9:30 am U.S. Eastern time. The company will release its earnings press release earlier that day at 7:00 am ET. Investors can join via phone using access code 719185 by calling +1 (833) 470-1428 (North America) or +1 (404) 975-4839 (international). A simultaneous webcast will be available at SLB's website, with registration opening 15 minutes before the call. A replay will be accessible until July 25, 2025, through the company's website or by phone using access code 672413.

SLB (NYSE: SLB) has launched Electris™, a groundbreaking portfolio of digitally enabled electric well completions technologies. The system enhances production and recovery while reducing asset ownership costs by providing real-time production intelligence across the reservoir. The technology enables operators to digitally control the entire productive wellbore area, allowing them to predict, adapt, and respond to dynamic production conditions. With over 100 installations across five countries, Electris has demonstrated success, particularly in Norway where it helped optimize oil output and minimize produced water in an offshore extended-reach well. The technology is particularly valuable for complex reservoirs where conventional systems fall short, helping operators improve reservoir management and access previously unreachable reserves.

SLB (NYSE: SLB) has secured a substantial EPCI contract from bp for the Ginger project offshore Trinidad and Tobago through its OneSubsea joint venture and Subsea7. The project marks the first award under a new global framework agreement between bp and Subsea Integration Alliance partners. The scope includes delivery of four standardized vertical monobore subsea trees, tubing hangers, and the region's first high-integrity pressure protection system (HIPPS) manifold. Subsea7 will provide a diver-installed tie-in system and flexible production flowline. Located off Trinidad's southeast coast at depths up to 90 meters, the Ginger project represents a new collaborative approach focused on system-level optimization and value creation through increased transparency and early engagement.