(WO) – SLB reported sequential progress in each area within the third quarter, led by a gradual restoration within the Center East, progress in North American land and broader worldwide deepwater exercise. CEO Olivier Le Peuch stated the corporate sees “a really compelling outlook for 2027.”
“Within the Center East, our enterprise grew 13% sequentially regardless of late-quarter disruptions,” Le Peuch stated. Exterior the Center East, greater U.S. land exercise supported progress, and ChampionX posted its highest quarterly income since SLB acquired it. SLB OneSubsea received a gentle stream of recent worldwide contracts, including to backlog and enhancing income visibility into 2027.
SLB stated clients are more and more centered on manufacturing optimization, restoration enhancement and long-term asset efficiency as operators prioritize returns from present fields. It additionally pointed to rising use of digital and AI-enabled workflows to enhance discipline efficiency.
“Our worldwide outlook continues to strengthen, pushed by deepwater momentum throughout Latin America, Europe, Sub-Saharan Africa and Asia, underscored by latest SLB OneSubsea contract awards. Moreover, worldwide diversification is accelerating as main U.S. shale operators develop overseas and associate with nationwide oil corporations throughout international basins,” Le Peuch stated. He additionally cited important exercise will increase in Venezuela, with additional upside anticipated as Center East exercise recovers.
Exterior its oilfield enterprise, SLB’s Information Middle Options income rose 23% from the earlier quarter, pushed by demand from AI and high-performance computing clients and by growth into Asia.
