SLB LIMITED/NV
Rystad Energy projects Venezuela's oil output could reach 1.6M bpd by 2028 and 1.8M bpd by 2030, contingent on capital investment and operational scaling. Companies like Chevron, Eni, Repsol, Shell, and new entrants are expanding operations. Current constraints include limited rig availability and supply chain rebuilding.
SLB (Schlumberger) secured four three-year integrated well construction contracts with Aramco in Saudi Arabia and a project with OQ Exploration in Oman. These deals expand SLB's long-duration project workload and link digital services to recurring revenue. Analysts highlight the potential for 19% upside, with projections of $42.2B revenue and $5.6B earnings by 2029. The contracts support SLB's narrative of international spending and higher-margin digital workflows, though execution risks remain.
Rothschild & Co Redburn raised its price target for SLB from $66 to $68 while maintaining a buy rating. The stock has seen a 5-day change of -0.85% and a year-to-date change of +34.00%.
Over the past 7 days, AlphAI's AI scored 20 news stories mentioning SLB (SLB LIMITED/NV). Coverage has skewed bullish: 20 bullish, 0 neutral, and 0 bearish.
Recent SLB coverage spans financial news, sector analysis and market movers.
In the last 30 days, SLB insiders filed 2 SEC Form 4 transactions — no purchases and 2 sales ($2.4M). The most active reporter was Le Peuch Olivier, Chief Executive Officer, with 2 filings. 100% of those filings were made under pre-arranged Rule 10b5-1 plans.
Potential increase in service demand if rigs are reactivated.
The new multi‑year contracts add long‑duration revenue and tie SLB to higher‑margin digital services.
Analyst upgrade may support modest upside.
The contract expands SLB's well construction footprint in Saudi Arabia and could boost revenue over the next 3‑5 years.
SLB may attract investors seeking diversified oilfield exposure and growth avenues.
AlphAI scores every news story that mentions SLB with an AI model for sentiment and relevance, and aggregates insider trades from SLB LIMITED/NV's SEC EDGAR Form 4 filings. Figures refresh continuously.
Rystad Energy projects Venezuela's oil output could reach 1.6M bpd by 2028 and 1.8M bpd by 2030, contingent on capital investment and operational scaling. Companies like Chevron, Eni, Repsol, Shell, and new entrants are expanding operations. Current constraints include limited rig availability and supply chain rebuilding.
3 min readSLB (Schlumberger) secured four three-year integrated well construction contracts with Aramco in Saudi Arabia and a project with OQ Exploration in Oman. These deals expand SLB's long-duration project workload and link digital services to recurring revenue. Analysts highlight the potential for 19% upside, with projections of $42.2B revenue and $5.6B earnings by 2029. The contracts support SLB's narrative of international spending and higher-margin digital workflows, though execution risks remain.
3 min readRothschild & Co Redburn raised its price target for SLB from $66 to $68 while maintaining a buy rating. The stock has seen a 5-day change of -0.85% and a year-to-date change of +34.00%.
1 min readSLB (NYSE: SLB) secured four multi-year integrated well construction contracts from Aramco, covering over 450 wells in Saudi Arabia. The contracts, with optional two-year extensions, expand SLB's integrated model, combining digital workflows and automated services to enhance efficiency. This deal underscores Aramco's confidence in SLB's capabilities and the growing adoption of integrated well construction models.
2 min readHalliburton (HAL) reported Q2 capital expenditures of $235M, expects $1.1B for 2026, and returned $200M to shareholders. Analysts see 30.17% upside. SLB (SLB) reported Q2 revenue of $8.97B, EPS of $0.52, and $716M in free cash flow, with a 2.3% dividend yield. Analysts see 23.6% upside. Both companies are involved in oilfield recovery and international expansion.
2 min readSLB (NYSE: SLB) has received a contract from OQEP to expand the Bisat-B Production Facility in Oman, increasing capacity to 548,000 barrels per day. The project includes design, engineering, and maintenance services, with completion expected in 19 months. This follows prior successful collaborations between the two companies.
2 min readSLB has secured contracts with Equinor for digital monitoring services at the Johan Sverdrup Phase 3 project and with Invictus Energy for drilling services in Zimbabwe. The deals highlight SLB's focus on advanced technologies. Analysts project varying revenue and earnings estimates for SLB by 2029, with some seeing an 18% upside and others a more modest growth rate.
3 min readInvictus Energy awarded SLB a contract for drilling and well services at the Musuma-1 exploration well in Zimbabwe. SLB will provide technology and resources for the campaign, with preparations underway. Musuma-1 targets 1.2 tcf of gas and 73 million bbl of condensate, with drilling set for November 2026. Invictus aims to test an independent target in the Cabora Bassa Basin.
1 min readSLB won a contract from Equinor to expand real-time monitoring for Johan Sverdrup Phase 3. The project includes leak detection and production surveillance, building on SLB's Olga Online system used in Phase 2. Equinor aims to enhance operational reliability and production optimization.
2 min readGlobal oilfield services companies face earnings hits due to reduced drilling activity in the Middle East amid the Iran war, despite a 53% rise in Brent oil prices. SLB expects a 6-9 cent-per-share earnings hit, while industry revenue from the region may fall 10-20% in Q1. Companies like SLB, Halliburton, Baker Hughes, and Borr Drilling are affected. Future demand may rise due to infrastructure repairs, estimated at $25 billion.
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