Analysis: Slb N.V.

US:SLB

Why is Slb N.V. stock rising?

  • Data Center Solutions guidance raised to an annualized revenue run rate exceeding $2 billion by end-2027, supported by backlog, hyperscaler wins such as NVIDIA DSX and Meta Canada, and expansion into design, engineering, and system integration.
  • OneSubsea bookings expected to increase visibly in 2026 and grow through 2028 as deepwater FIDs convert into subsea awards and life-of-field work.
  • Venezuela contract wins and setup over the next few months are expected to create a multi-customer 2027 growth ramp.
  • Middle East recovery is guided to reach $2.1-$2.2 billion in Q4 2026, about 95% of Q4 2025, supporting more than $10 billion company revenue.
  • S&P upstream petrotechnical software acquisition and AI partnership, announced in Q1 2026, expand SLB's unconventional digital offering internationally.

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