SLB and Liberty Energy Forge Data Center Power Alliance
SLB sits 51% above its 52-week low of $31.64.
Summary
SLB and Liberty Energy are forming a strategic alliance to target data center infrastructure and power, leveraging SLB's subsurface expertise and Liberty's frac and power generation capabilities. SLB will provide modular infrastructure solutions, project execution capabilities, and global market reach, while Liberty will contribute modular power generation systems, behind-the-meter intelligent power controls, and operational expertise. Liberty plans to deploy about 3 gigawatts of power projects by 2029. The deal diversifies SLB beyond traditional oilfield services into a high-growth adjacency, potentially opening a new revenue stream. It follows SLB's recent digital push and $2B notes offering, signaling capital deployment toward energy transition opportunities. No financial terms were disclosed.
At the time of this announcement, SLB was trading at $47.75 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $70.8B. 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 8 out of 10. Source: Dow Jones Newswires.