SLB Inks 15-Year Digital Drilling Deal With TotalEnergies
SLB sits 53% above its 52-week low of $31.64.
Summary
SLB signed a 15-year agreement with TotalEnergies to deploy its DrillPlan well planning and engineering software across the supermajor's operations. The deal locks in a long-duration, high-margin digital revenue stream and validates SLB's digital offering at a major customer. No financial terms were disclosed, but the enterprise-wide scope suggests multi-asset deployment and meaningful recurring revenue. This follows a string of recent contract wins, including Aramco's four well construction contracts in September and Eni's Baleine Phase EPC award in July.
At the time of this announcement, SLB was trading at $48.55 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $71.2B. The 52-week trading range was $31.64 to $60.46. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.