SLB Q3FY26 Results: Revenue up 6% YoY to $9.449 billion

Revenue increased 6% YoY to $9.449 billion, beating estimates. Data Center Solutions revenue surged 76% YoY to $230 million. Adjusted EPS of 64 cents exceeded consensus of 61 cents. North American revenue jumped 24% YoY to $2.401 billion.

SLB wins multi-year Saudi Aramco contracts for 450+ wells

SLB wins four multi-year contracts from Saudi Aramco covering over 450 wells. Contracts include a three-year term with an option to extend by two years. Separate OQEP contract in Oman targets 548,000 barrels per day capacity increase. Q3 estimates show revenue up to $9.27 billion but EPS down to $0.62. Average analyst price target stands at $64.07 with a Buy consensus rating.

SLB wins contract from OQEP for Bisat-B expansion in Oman

SLB won a contract from OQ Exploration & Production for the Bisat-B Expansion in Oman. Project completion is scheduled within 19 months with four years of operations support. Gross fluids-handling capacity will increase to 548,000 barrels per day. Analysts expect revenue of $9.27 billion but EPS to fall to 62 cents.

SLB acquires Kelvion for $3.4 billion to expand data center cooling business

SLB acquires Kelvion for $3.4 billion in cash plus $0.7 billion debt assumption. Deal values Kelvion at 11x pre-synergy and 8.5x post-synergy 2026 EBITDA. Kelvion expected to generate $2.3-$2.4 billion in 2026 revenue, with $1.2-$1.3 billion from data centers. SLB Data Center Solutions revenue targeted for >90% CAGR from 2024-2026. Analysts project FY26 EPS of 62 cents and revenue of $9.27 billion.

SLB wins Brunei Shell contract to restore offshore well production

SLB announced a new contract with Brunei Shell Petroleum to restore production from shut-in offshore wells. The deal encompasses subsurface evaluation, engineering, and logistics, utilizing a coordinated execution model to improve efficiency across multiple fields.

SLB, Liberty Energy form alliance for data center infrastructure

SLB and Liberty Energy Inc. have formed a strategic alliance to deliver modular infrastructure and integrated power generation solutions for new data center projects globally, aiming to address the energy requirements of AI companies. The collaboration combines SLB's modular infrastructure and project execution capabilities with Liberty Energy's power generation systems to resolve bottlenecks in AI infrastructure delivery. Additionally, the companies plan to collaborate on future technologies, including hybrid power systems and digital energy management, to support evolving data center energy requirements.