SLB Adds $0.7B Debt to Kelvion Deal, Wins Havstjerne CO2 Role
SLB sits 84% above its 52-week low of $31.64.
Summary
SLB's $3.4B cash acquisition of Kelvion now includes ~$0.7B of assumed debt, targeting ~$120M annual EBITDA synergies by year three and EPS/FCF accretion within 12 months; deal closes H1 2027. The acquisition expands SLB's data center business. Separately, SLB was selected as reservoir partner for the Havstjerne CO2 storage project, supplying reservoir analysis and subsea injection systems via OneSubsea. This follows the earlier Kelvion announcement this morning and adds concrete synergy and financing details plus a new carbon-capture contract. The Havstjerne role extends SLB's energy transition footprint beyond the data-center thermal play.
At the time of this announcement, SLB was trading at $58.24 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $85.1B. The 52-week trading range was $31.64 to $58.82. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Wiseek News.