SLB

What SLB does

SLB is the world's largest oilfield services company and a global energy technology provider, operating in more than 100 countries and serving major international oil companies, national oil companies, and independent exploration and production operators across the upstream value chain. Founded in 1926 and rebranded from Schlumberger to SLB in 2022, the company is publicly listed on NYSE (ticker SLB) and domiciled in the Netherlands as SLB N.V., with its operational headquarters in Houston, Texas. SLB employs more than 10,000 people and maintains 56 consecutive years of dividend payments, signaling financial durability through multiple commodity cycles.

The company's technology foundation rests on four interconnected pillars: (1) the Delfi cloud-native digital platform, which integrates exploration, subsurface evaluation, well planning, subsea design, field development, and production workflows; (2) the Lumi data and AI platform and the Tela agentic AI assistant, which together operationalize AI across energy operations; (3) the Agora edge AI and IoT platform, now enhanced through a Qualcomm partnership for low-power remote decisioning; and (4) a portfolio of specialized subsurface and production software (Petrel, Eclipse, Olga, IDEAS, DrillPlan) plus acquired capabilities including ChampionX's production chemicals and artificial lift systems and Tachyus's AI reservoir modeling. The SLB Digital Marketplace, launched in 2026 with approximately 200 certified products from SLB and 30+ partners, serves as the distribution channel for AI agents and domain models into Delfi, Lumi, and Tela environments. Beyond core oil and gas, SLB is actively building capabilities in CCUS, geothermal, and lithium brine solutions through dedicated solution areas and customer engagements.

SLB's revenue model blends project-based oilfield services and hardware sales (subsea systems via the OneSubsea joint venture with Aker Solutions and Subsea7) with a rapidly growing recurring software and digital revenue stream. The Digital segment generated approximately $2.7B in 2025, including ~$1B in annual recurring revenue at a 35% adjusted EBITDA margin, with 16% revenue CAGR since 2021. Go-to-market is enterprise-led, anchored by long-term framework agreements with IOCs and NOCs (e.g., bp for Thunder Horse, Vår Energi on the Norwegian Continental Shelf, PDVSA in Venezuela) and supplemented by direct field sales in regional hubs including a new Africa Performance Center in Luanda, Angola. Q1 2026 revenue was $8.72B (down 6.3% year-on-year), and full-year FY2026 guidance is approximately $36.55B.

Name

SLB

Legal name

SLB N.V.

Website

https://slb.com

Company type

Public

Founded year

1926

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

SLB is the world's largest oilfield services and energy technology company, serving major international and national oil companies in 100+ countries through integrated digital platforms (Delfi, Lumi, Tela, Agora), AI-driven reservoir and production software, and traditional well construction, subsea, and production chemistry services.

Ownership category

akta.pro rank

Product category

Oilfield Services and Energy Technology

NAICS

Support Activities for Mining (2131), Oil and Gas Field Machinery and Equipment Manufacturing (333132), Support Activities for Mining (21311)

SIC

Oil & Gas Field Services, Nec (1389), Oil & Gas Field Machinery & Equipment (3533), Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals) (EUALABAH)

akta.pro secondary industries

Subsea Services & Equipment (Subsea Trees, Umbilicals, Installation, IMR) (EUALABAI), Pressure Pumping & Stimulation (Hydraulic Fracturing, Acidizing) (EUALABAF)

Keywords

• Oilfield services
• Energy technology
• Digital oilfield platforms
• Reservoir characterization
• Well construction services

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Oilfield Services: Traditional oilfield services including well construction, reservoir characterization, completions, production systems, and well intervention. Revenue is project-based and tied to upstream capital spending cycles.
2. Digital Business: Digital platforms and AI-powered workflows including Delfi, Lumi, and Tela platforms generating approximately $1 billion in annual recurring revenue. Revenue streams include software subscriptions, platform licensing, and digital add-ons. Growing faster than overall business with 16% revenue compound annual growth rate since 2021.
3. Production Chemicals: Production chemicals and services from ChampionX portfolio covering flow assurance, asset integrity, and production optimization.
4. Subsea Systems: Subsea equipment and services through OneSubsea joint venture including subsea boosting systems for deepwater projects.
5. Data Center Infrastructure: AI Factory solutions and data center infrastructure services for energy industry, emerging growth area with data center solutions growing 45% year over year.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

SLB is the world's largest oilfield services and energy technology company, selling integrated products and services across the upstream energy value chain: reservoir characterization, well construction, completions, production systems, and digital/AI platforms. Its core offerings include the Delfi digital platform, Lumi data and AI platform, Tela agentic AI assistant, Agora edge AI/IoT platform, OneSubsea subsea systems, ChampionX production chemicals and artificial lift, and new-energy solutions for CCUS, geothermal, and lithium extraction. Revenue is generated through a combination of project-based oilfield services, software subscriptions (approximately $1 billion ARR from digital), equipment sales, and managed services delivered to energy operators in 100+ countries.

Product overview

SLB (formerly Schlumberger) is a global energy technology company organized around four interconnected business pillars: Innovating in Oil and Gas, Delivering Digital and AI at Scale, Decarbonizing Industry, and Scaling New Energy Systems. The core digital platform is Delfi, a cloud-native integrated environment connecting exploration, well planning, field development, and production. Built on Delfi are AI-powered modules including Lumi (data and AI platform), Tela (agentic AI assistant), and Agora (edge AI and IoT). SLB also serves the market through specialized software products (Petrel, Eclipse, Olga, IDEAS, DrillPlan), acquired brands ChampionX (production chemicals and artificial lift) and Tachyus (AI-driven reservoir modeling), the OneSubsea joint venture for subsea systems, and dedicated solution areas for CCUS, Geothermal, and Lithium Brine Solutions. The SLB Digital Marketplace serves as a curated channel for deploying AI agents and digital applications into Delfi, Lumi, and Tela environments.

Differentiator

Problem solved

Functional benefit

Brands

• OneSubsea: Joint venture between SLB, Aker Solutions, and Subsea7 providing subsea systems and boosting solutions for deepwater developments
• Delfi
• Tela
• Lumi
• Agora
• ChampionX

Products and services

• Delfi Integrated cloud-native digital platform that connects exploration, subsurface evaluation, well planning, subsea design, field development planning, and production in a cloud-native environment, enabling cross-discipline collaboration and reduced planning cycle times for oil and gas operators.
• Lumi Unified data and AI platform that enables energy companies to scale AI across operations with connected data, governance, analytics, and AI capabilities, supporting natural language-driven workflows for energy operations data.
• Tela Enterprise-scale agentic AI assistant built for the energy industry, enabling software to reason, act, and automate complex technical workflows across exploration, drilling, and production operations.
• Agora Edge AI and IoT platform enabling real-time operational decision-making across wells, facilities, and production systems in remote and operationally complex energy environments.
• Petrel Seismic interpretation and subsurface modeling software used for exploration and reservoir characterization across the oil and gas lifecycle, sold under the SLB Software portfolio.
• Eclipse Reservoir simulator for modeling fluid flow in hydrocarbon reservoirs to support field development planning and production forecasting, sold under the SLB Software portfolio.
• Olga Multiphase flow simulator for modeling transient flow behavior in pipelines and wells for flow assurance analysis, sold under the SLB Software portfolio.
• IDEAS Integrated dynamic reservoir and production system simulator for optimizing field development and operational decisions, sold under the SLB Software portfolio.
• DrillPlan Digital drilling planning solution enabling integrated well construction planning workflows from geological to operational execution, sold under the SLB Software portfolio.
• Reda Maximus Eon ESP Extended-life electric submersible pump system that improved ESP uptime from 85% to 95%, reduced starts from 14 to 5.4 per well per year, and decreased incidents by more than 50%.
• Electris Completions Electric completion solution with intelligent control valves that empowers operators to predict, adapt, and act with confidence throughout the life of the well, providing real-time reservoir control and remote inflow management.
• Vx Spectra Surface Multiphase Flowmeter Surface multiphase flowmeter that reduced vented methane by 75% and decreased capex per well pad by 50% through accurate production measurement and emissions monitoring.
• Methane Lidar Camera Methane detection technology that ranked first in localization accuracy, quantitative accuracy, and time to detection at the Methane Emissions Technology Evaluation Center (METEC).
• Lift IQ Production Life Cycle Management Service Remote production surveillance service that managed well performance remotely and intervened only when data confirmed the need, eliminating over 1,195 wellsite visits and 26,141 miles of travel in a South American field.
• AlphaSight Service Logging while drilling service that proactively navigates complex reservoirs across all resistivity environments for real-time formation evaluation.
• OneSubsea Joint venture (with Aker Solutions and Subsea7) providing subsea boosting, subsea processing, and subsea intervention systems for deepwater and ultra-deepwater developments. Awarded an EPC contract by bp for a subsea boosting system at the Thunder Horse deepwater project in the Gulf of America expected to add approximately 15,000 boe/d.
• ChampionX Production chemicals and artificial lift technologies business offering flow assurance, asset integrity, and production optimization solutions, integrated into SLB's portfolio following the July 2025 acquisition.
• Tachyus AI-driven reservoir modeling and optimization technology deployed across more than 7,500 wells globally, integrating physics-based reservoir management into SLB's digital platforms.
• CCUS (Carbon Capture, Utilization, and Sequestration) Full value chain of technology solutions for carbon capture, processing, transport, and geological sequestration, including the Capturi platform, gas treatment systems, carbon transport valves, carbon storage site evaluation, injection operations, well design, and regulatory permitting.
• Geothermal Comprehensive geothermal energy solutions spanning exploration, feasibility studies, well construction, completions, production enhancement, and asset development, leveraging oil and gas subsurface expertise for renewable energy applications.
• Lithium Brine Solutions Integrated lithium extraction and production solutions for brine resources, including lithium brine resource modeling, basin resource reports (including the Smackover Play), and well-to-product integrated lithium solutions targeting commercial-scale rechargeable power source production.
• SLB Digital Marketplace Curated digital marketplace for energy companies to discover and deploy AI agents, domain models, tools, and digital applications within existing Delfi, Lumi, and Tela environments, with approximately 200 certified products from SLB and 30+ partners.

Quantifiable outcome

• 74% reduction in CO2 emissions during Norwegian operator's wireline formation testing operations
• +9 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature9 records

Partnerships

Eleven partnerships are on record, tiered minor and core.

• TGSminorStrategic or Co-development Partner · 18 June 2026TGS, in joint venture with SLB, launched the Pelotas Sul Phase 1 multi-client 3D seismic survey in the Pelotas Basin offshore southern Brazil covering approximately 13,500 square kilometers. The Ramform Tethys vessel mobilized in December 2025 with data acquisition expected to be completed in early Q3 2026. The survey aims to expand seismic coverage of one of Brazil's most promising frontier regions for hydrocarbon exploration.
• Digital Marketplace PartnerscoreChannel Partner/ Reseller/ Distributor · 15 June 2026SLB Digital Marketplace includes approximately 200 digital products from SLB and over 30 partners, all certified for security, interoperability, and compatibility. The marketplace extends SLB's open platform strategy to its Tela agentic AI assistant, enabling SLB, partners, independent software vendors, developers, and customers to bring offerings through a single governed channel.
• PDVSA (Venezuela)coreStrategic or Co-development Partner · 10 June 2026SLB signed a long-term framework agreement with Venezuela's state-owned oil company PDVSA to support the revitalization and modernization of Venezuela's oil and gas sector. The memorandum establishes cooperation across exploration, field development, production, and digital transformation, building on SLB's 97-year presence in the country. The agreement includes plans to assess connected data, predictive models, and AI-enabled workflows to improve efficiency and unlock greater value from Venezuela's heavy and extra-heavy crude reserves.
• Pertamina (exploratory)minorStrategic or Co-development Partner · 10 June 2026SLB and Pertamina exploring collaboration in upstream technology and low-carbon solutions according to Petromindo reporting.
• Qualcomm TechnologiescoreTechnology or Integration · 9 June 2026SLB signed a memorandum of understanding with Qualcomm Technologies to develop edge AI solutions for the energy industry. The collaboration combines Qualcomm's low-power edge computing and AI processing capabilities with SLB's Agora edge AI and IoT solutions to support real-time operational decision-making across wells, facilities, and production systems in remote environments where connectivity and latency are critical constraints. The partnership addresses growing demand from energy operators for AI systems that can operate closer to infrastructure.
• OneSubsea (JV with Aker Solutions and Subsea7)coreStrategic or Co-development Partner · 9 June 2026BP contracted OneSubsea, a joint venture involving SLB, Aker Solutions, and Subsea7, to provide a subsea boosting system for its deepwater Thunder Horse project in the US Gulf of Mexico. The project includes a final investment decision to increase production by approximately 15,000 barrels of oil equivalent per day, with first oil expected in 2028. The standardized approach enables faster deployment and greater operational efficiency for bp's expanding deepwater portfolio.
• ChampionXcoreStrategic or Co-development Partner · 29 May 2026SLB completed its acquisition of ChampionX on July 16, 2025, integrating ChampionX's production-focused portfolio of chemicals, artificial lift systems, and digital tools with SLB's global service footprint. The acquisition combines ChampionX's technologies including Aqueon reservoir modeling platform deployed across more than 7,500 wells globally with SLB's global technology platform and customer reach. The transaction strengthens SLB's position in higher-margin digital technology and AI segment.
• Vår EnergicoreStrategic or Co-development Partner · 28 May 2026SLB announced an expanded collaboration with Vår Energi to deploy the Delfi digital platform across the Norwegian Continental Shelf. The deployment connects exploration, subsurface evaluation, well planning, subsea design, field development planning, and production in a cloud-native environment. The collaboration aims to reduce planning cycle times from months to weeks by enabling concurrent cross-discipline work with shared data and standardized workflows, supporting faster decision-making for mature offshore assets.
• LithiumBank Resources Corp.minorStrategic or Co-development Partner · 28 May 2026LithiumBank Resources Corp. initiated a Feasibility Study and Front-End Engineering Design for its Boardwalk lithium brine project in Alberta, awarded to SLB. The study will evaluate a modular development of two Direct Lithium Extraction units with combined capacity of up to 10,000 tonnes per annum of lithium carbonate, targeting first commercial production as early as 2029. The project leverages C$3.9 million in non-dilutive funding from Alberta's Emissions Reduction Alberta.
• Gyrodata IncorporatedminorStrategic or Co-development Partner · 4 February 2023SLB completed its acquisition of Gyrodata Incorporated, a provider of gyroscopic wellbore positioning and survey technology, to enhance its Well Construction business. The integration aims to improve wellbore quality, reduce drilling risks, and increase operational efficiency through advanced technology and automation.
• NVIDIAcoreTechnology or IntegrationSLB and NVIDIA deepened their 20-year partnership by expanding their joint AI Factory for Energy initiative, with SLB serving as a modular design partner for NVIDIA DSX AI factories. The partnership shows strong momentum with data center solutions growing 45% year over year. SLB CEO Olivier Le Peuch presented the digital transformation thesis positioning the company's digital business as a new secular earnings growth engine decoupled from oil price cycles.

Scale indicators11 records

Recent moves6 records

Expansion highlights8 records

Direct peers

• Halliburton: Halliburton is one of the world's largest oilfield services companies, competing head-to-head with SLB across drilling, completions, production, and digital. Its iCruise drilling automation and iSphere digital platform compete directly with SLB's Delfi and Tela offerings.
• Baker Hughes: Baker Hughes competes directly with SLB across oilfield services, turbomachinery, and digital (its LEAP and Cordant platforms overlap with Delfi/Lumi). Both companies target similar IOCs and NOCs globally and are pursuing parallel energy-technology transformations.
• Weatherford International: Weatherford provides drilling, evaluation, completions, and production services competing with SLB across multiple product lines, particularly in artificial lift, well intervention, and formation evaluation.
• TechnipFMC: TechnipFMC is a leading subsea and surface engineering company competing with SLB's OneSubsea JV in subsea trees, umbilicals, and integrated subsea projects for deepwater developments globally.
• Subsea7: Subsea7 is a SLB's OneSubsea joint venture partner, providing subsea installation, inspection, and intervention services. It competes with and complements SLB across the subsea value chain, particularly in SURF and IMR.
• Aker Solutions: Aker Solutions is SLB's OneSubsea JV partner and competes in subsea production systems, umbilicals, and topside engineering. The two companies jointly bid on integrated subsea projects while also competing on standalone subsea equipment.
• Oceaneering International: Oceaneering provides subsea robotics, intervention tooling, and remote operations competing with parts of SLB's intervention and OneSubsea portfolios in deepwater markets.

Broad incumbents

• Core Laboratories: Core Laboratories provides reservoir description and production enhancement services that overlap with SLB's reservoir characterization and rock/fluid analysis offerings, serving many of the same E&P customers globally.

Emerging players

• CGG: CGG is a geoscience company providing seismic data, multi-client libraries, and subsurface imaging that compete with SLB's WesternGeco-style seismic and Petrel subsurface software offerings.
• TGS: TGS is a multi-client geoscience data provider that competes with SLB in seismic data libraries and is a joint venture partner with SLB on the Pelotas Sul multi-client 3D survey offshore Brazil.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/schlumberger
• Xx.com/Schlumberger
• Facebookfacebook.com/WeAreSLBGlobal

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A58 records

Investments40 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SLB