SLB secured a seven-year contract with Kuwait Oil Company to drive digital transformation and technological innovation, while its OneSubsea unit won a contract from Eni in Indonesia. Financially, Oxbow Advisors acquired a new stake valued at $4.26 million, and institutional ownership remains high at 81.99%. The company also reported quarterly earnings of $0.52 per share, beating estimates, and announced a quarterly dividend of $0.295 per share.
The energy giant partners with Liberty Energy for AI power solutions while securing a major deepwater contract for its core business.
Read the full storyThe strategic alliance aims to deploy modular infrastructure and integrated power solutions to meet the surging electricity demands of AI and high-performance computing.
The award strengthens SLB's partnership with Eni and expands its long-term offshore subsea business backlog.
The OneSubsea joint venture between SLB and Subsea7 will supply production systems for 13 wells in Côte d'Ivoire's largest hydrocarbon field.
Saipem secures a $2 billion FPSO contract while SLB OneSubsea wins the umbilical system deal for Eni’s Kutei Basin developments.
SLB will lead nearly 100 AI and IIoT projects to accelerate technological innovation and energy transition for Kuwait's oil sector.