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SLB (SLB) Could Be 16% Undervalued After Brazil Seismic Survey Launch
Simply Wall St.2d agoneutral
SLB (SLB) Could Be 16% Undervalued After Brazil Seismic Survey Launch

Shearwater GeoServices has launched the Amapá 3D multi-client seismic survey offshore northern Brazil in partnership with SLB (NYSE:SLB), putting fresh attention on the stock as investors assess what this project could mean. SLB shares trade at US$51.76 and the stock has had a 1-day share price return of 1.25% but is down 3.92% over the past month. A 90-day share price return of 8.31% and year to date gain of 28.76% sit alongside a 1-year total shareholder return of 56.32%, suggesting recent...

SLB (SLB) Started A Major 3D Seismic Survey Off Brazil
Simply Wall St.2d agoneutral
SLB (SLB) Started A Major 3D Seismic Survey Off Brazil

SLB (NYSE:SLB) and Shearwater GeoServices launched a large 3D seismic survey off Brazil's Equatorial Margin to support hydrocarbon exploration. The project focuses on acquiring advanced geophysical data in an underexplored offshore zone that has attracted growing industry interest. Shearwater is supplying high-capacity seismic vessels, while SLB contributes subsurface imaging and processing to refine future exploration and licensing decisions. The new 3D seismic campaign off Brazil's...

Inflation Concerns Weigh on Stocks
Barchart16d agoneutral
Inflation Concerns Weigh on Stocks

The S&P 500 Index ($SPX ) (SPY ) is down -0.32% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -1.04%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.04%. E-mini S&P futures (ESU26 ) are down -0.33%, and September E-mini Nasdaq futures (NQU26...

SLB Bets $4.1 Billion on the AI Data Center Boom
Insider Monkey17d agoneutral
SLB Bets $4.1 Billion on the AI Data Center Boom

SLB NV (NYSE:SLB) announced on August 31 that it will acquire Kelvion from Apollo Global and funds advised by Triton for around $3.4 billion in cash and the assumption of approximately $0.7 billion of debt. Kelvion specializes in thermal management and heat exchange technologies, with a strategic focus on serving data centers. The deal comes […]

How Could SLB (SLB) Change After Its Upstream Software Deal?
Simply Wall St.20d agoneutral
How Could SLB (SLB) Change After Its Upstream Software Deal?

SLB (NYSE:SLB) has acquired S&P Global's upstream energy software portfolio, with the transaction now completed and paired with a new alliance between the companies. The deal expands SLB's digital offering by combining its software tools with access to S&P Global Energy data inside SLB's ecosystem. The alliance is intended to broaden SLB's proposition to energy customers that use data rich software to plan and manage upstream assets. This move adds a new partnership dimension for SLB beyond...

Stocks Decline to End August as War Fears Persist
The Wall Street Journal24d agoneutral
Stocks Decline to End August as War Fears Persist

Stocks fell and oil prices climbed Monday, with renewed fighting in the Middle East stoking unease on Wall Street. West Texas Intermediate crude futures, the U.S. benchmark for oil, rose 2.8% to $85.76 a barrel, after U.S. forces attacked two Iranian rocket launchers in the Strait of Hormuz Sunday, dampening hopes after weeks without American strikes that the war with Iran could soon draw to an end. Oil prices have swung wildly throughout August, with new developments leaving investors unsure about the possibility of a diplomatic resolution with Iran.

Apollo Global Management (APO) Reshapes Its Portfolio With Kelvion Exit And Midstream Backing
Simply Wall St.24d agoneutral
Apollo Global Management (APO) Reshapes Its Portfolio With Kelvion Exit And Midstream Backing

Apollo Global Management (NYSE: APO) agrees with SLB on the sale of cooling solutions provider Kelvion, marking a significant portfolio move. Apollo is set to provide a significant minority nonvoting equity investment that will support ONEOK's planned acquisition of Brazos Midstream assets. The Kelvion sale and the ONEOK financing position Apollo across industrial cooling, data center related demand, and US energy midstream infrastructure. This kind of exposure to critical power and energy...

SLB Advances Strategy to Cash In on AI With $4 Billion Data Center Deal
Barrons.com24d agoneutral
SLB Advances Strategy to Cash In on AI With $4 Billion Data Center Deal

Public backlash against artificial intelligence data centers is real, but investors still like it when companies gain a toehold in the booming business. The latest example comes from SLB the oilfield services provider formerly known as Schlumberger whose stock jumped 2.5% on Monday after announcing its acquisition of thermal management company Kelvion. The deal is designed to build out SLB’s data center solutions business.