Le Peuch Olivier sold $275K of SLB

SLB's OneSubsea joint venture secured a contract from Aker BP to supply subsea production systems for the Lyra field development in Norway. The project will use standardized technology to expedite production. SLB (NYSE: SLB) and Aker BP highlight the collaboration's efficiency in fast-tracking field development.

SLB reported Q3 2026 revenue of $9.45 billion, up 5% sequentially and 6% year on year. GAAP EPS was $0.49, down 6% sequentially and 2% year on year. Adjusted EBITDA rose 9% sequentially to $2.07 billion. The company generated $1.51 billion in operating cash flow and declared a $0.295 per share dividend.

SLB reported 3Q 2026 revenue of $9.45B, up 5.8% YoY, with net income of $735M and EPS of $0.49, both slightly below prior-year levels. Revenue grew across all regions, with notable increases in the Middle East and Data Center Solutions. SLB announced a $3.4B acquisition of Kelvion, expected to close in 1H 2027.

SLB (NYSE: SLB) stock rose 7.1% on October 23, 2026, after reporting Q3 results. Adjusted EPS of $0.64 and revenue of $9.45 billion exceeded estimates. Management cited Middle East sales recovery and growth in North America and offshore work. Q4 revenue is expected to be $10 billion, assuming flat Middle East revenue. Peers also rose, with XLE gaining 2.6%.

Freedom Broker upgraded SLB (NYSE:SLB) to Hold from Sell with a $48 price target. SLB reported adjusted EPS of $0.64, beating consensus by 3.2% but down 7.2% YoY. Revenue was $9.45B, exceeding expectations. The stock trades at $53 with a P/E of 25.54. SLB returned $3.1B to shareholders and is acquiring Kelvion for $4.1B. Analysts have mixed views on its valuation and future potential.

Piper Sandler raised SLB's (NYSE:SLB) price target to $65, citing strong Q3 2026 results and growth in Core divisions. SLB's 2027 outlook is driven by Latin America and deepwater offshore. Q3 2026 earnings beat estimates with $0.64 EPS and $9.45B revenue. Analysts have mixed views on valuation.