Comparing the current results to its competitors, Slb Limited reported Revenue increase in the 2 quarter 2026 by 4.98 % year on year. The revenue growth was below Slb Limited's competitors' average revenue growth of 11.69 %, achieved in the same quarter.
Slb Limited Net Income in the 2 quarter 2026 fell year on year by -22.23%, while most of its competitors have experienced a contraction in net income by -22 %.
Slb Limited's Comment on Competition and Industry Peers
SLB operates in the energy services industry, competing through technological innovation, service quality, and price differentiation, which vary by geography and the specific services and products offered. The company faces competition from both large and small firms. SLB holds a portfolio of intellectual property, including patents, proprietary information, trade secrets, and software tools, which are significant to its business, although no single patent or group of patents is individually material. Seasonal weather changes can temporarily affect SLB's product and service delivery.
Overall company revenue, grew less, than total company revenues, at 4.98 % and company approximately market share, declined to 19.31 %. << More on SLB Market Share.
*Market share is calculated based on total revenue.
December 9, 2024
In a pioneering move to enhance operational efficiency and sustainability, SLB, a global leader in energy technology, has unveiled its innovative Neuro autonomous geosteering technology. This cutting-edge solution leverages artificial intelligence (AI) to dynamically adjust drilling strategies in response to the intricate complexities of subsurface geology. By autonomously guiding drill bits towards the most productive layers often referred to as sweet spots Neuro geosteering aims to facilitate the drilling of more efficient and higher-performing wells, all while notably reducing the carbon footprint of drilling operations.The introduction of Neuro geosteering is a significant leap forward in the offshore dr...
December 13, 2024
SLB Strengthens Its Role in Offshore Energy Production with New Contracts and Innovative Technologies: A Deep Dive into Recent DevelopmentsIn a significant boost for its operations in Brazil, global energy technology company SLB (NYSE: SLB) has announced two new contracts with Petrobras (NYSE: PBR), the prominent state-owned oil company of Brazil. These contracts, awarded after competitive tender processes, highlight SLB s focused commitment to enhancing underwater production capabilities while employing cutting-edge technologies to facilitate these advancements. New Contract for OneSubsea s Raw Seawater Injection SystemsThe first of these contracts pertains to SLB s joint venture, OneSubsea. The contract i...
August 4, 2024
SLB OneSubsea Secures Major Contracts with Petrobras and TotalEnergies for Ultra-Deepwater Projects Across Brazil and Angola Houston, Regulatory News SLB (NYSE: SLB) has recently announced significant contract awards from both Petrobras (NYSE: PBR) and TotalEnergies (NYSE: TTE) through its OneSubsea joint venture. These contracts entail the development of ultra-deepwater subsea production systems and associated services, marking landmark advancements in the energy industry s pursuit of sustainable and efficient extraction methods in challenging offshore environments. Petrobras Contract in BrazilOneSubsea has been entrusted with a substantial contract by Petrobras, following a competitive bidding process. ...
August 3, 2024
SLB OneSubsea Secures Major Petrobras Contract Amid Impressive Financial Performance in Q3 2023 HOUSTON, October 2023 - SLB (NYSE: SLB), a global technology company that drives energy innovation, has announced an exciting new development in its extensive industry portfolio. SLB s joint venture, OneSubsea, has successfully secured a significant contract from Petrobras (NYSE: PBR) after an intense competitive tendering process. This contract is focused on the deployment of standardized subsea production systems and associated services critical to the further development of two strategic oil fields in the offshore Brazilian pre-salt region, namely the Atapu and Sepia fields within the Santos Basin. Strategic ...
August 2, 2024
SLB, a leading provider of technology and services to the energy industry, has recently achieved significant milestones by securing major contracts with Petrobras and TotalEnergies. These contracts underscore SLB OneSubsea s robust capabilities in delivering advanced subsea production systems and positions the company for further growth in the ultra-deepwater exploration sector. Major Contract for Ultra-Deepwater Projects with Petrobras: SLB OneSubsea, a joint venture between SLB and leading subsea technology entities, has been awarded a major contract by Petrobras. Following a highly competitive tendering process, the contract will leverage OneSubsea s standardized pre-salt subsea production systems and re...
July 3, 2024
SLB OneSubsea Awarded Contract for TotalEnergies Kaminho Deepwater Project: Advancing Subsea Technology in AngolaIn a recent press release, oilfield services company SLB (Schlumberger Limited) announced that its joint venture, SLB OneSubsea, has been awarded a contract by TotalEnergies for the development of the Kaminho project offshore Angola. The contract includes a 13-well Subsea Production System scope, along with associated equipment and services. This project will be developed in two phases for the Cameia and Golfinho discoveries by TotalEnergies and its Block 20/11 partners.The collaboration between SLB OneSubsea and TotalEnergies seeks to deliver innovative solutions for deepwater exploration and pro...
June 27, 2024
In a significant development for the oil and gas industry, Schlumberger Limited (NYSE: SLB) recently announced that it has been awarded a contract by Equinor for the front-end engineering design (FEED) of a revolutionary all-electric Subsea Production Systems (SPS) project in the Fram Sr field, located offshore Norway. This project not only marks a paradigm shift in subsea technology but also sets new standards for operator control, operational efficiency, and reduced offshore emissions.Advancing All-Electric Subsea TechnologyThe groundbreaking agreement between Schlumberger and Equinor aims to fast-track the global adoption of electric subsea technology. By leveraging their expertise, the two companies are ...
June 15, 2024
SLB and Aker Carbon Capture Announce Joint Venture Closing for Large-Scale Carbon Capture in Industrial DecarbonizationHouston, TX and Oslo, Norway - In a significant move towards accelerating carbon capture for industrial decarbonization on a large scale, Schlumberger Limited (NYSE: SLB) and Aker Carbon Capture (ACC) have announced the closing of their previously announced joint venture agreement. This collaboration will integrate technological portfolios, expertise, and operational platforms to support the adoption of carbon capture and contribute to the journey towards zero emissions.Comparing the current results to its competitors, Schlumberger Limited reported a remarkable 11.14% increase in revenue in ...
May 24, 2024
Houston-based oil and gas multinational Schlumberger Limited (NYSE: SLB) has recently announced a significant contract awarded to its joint venture, SLB OneSubsea. The contract, awarded by Equinor, involves the execution of the second stage of Phase 3 for Equinor s Troll project in the North Sea, offshore Norway. This article aims to provide an overview of the awarded contract and its implications for SLB OneSubsea and its competitors.Contract Details:The contract is based on an existing long-term partnership between SLB OneSubsea and Equinor. It involves the acceleration of the subsea tieback to existing infrastructure in order to enhance field delivery. To achieve this, SLB OneSubsea will utilize configur...
May 8, 2024
Schlumberger (NYSE: SLB), a leading oilfield service company, along with its joint venture associates - OneSubsea and Subsea7, has landed a significant engineering, procurement, construction, and installation (EPCI) agreement from OKEA. The deal revolves around the development of the Bestla Project, previously known as Brasse, located in the North Sea off the Norwegian coast -highlighting a successful attempt by the corporation to strengthen its ties with the energy sector. The joint venture takes on the task to accelerate the delivery of the subsea tieback. The critical nature of this project signifies a milestone in Schlumberger s ongoing endeavor to leverage its technical expertise and global network to r...
Atlas Energy Solutions Inc.'s business model revolves around providing sustainable energy solutions and services to commercial, industrial, and residential clients through the development, installation, and maintenance of renewable energy systems, including solar power and energy storage. They aim to enable businesses and individuals to transition to cleaner and more efficient energy sources while reducing their carbon footprint.
DMC Global Inc operates as a diversified company in the industrial sector, providing advanced technologies and solutions. They primarily focus on two business segments: NobelClad, which specializes in the production of explosion-welded clad metal plates for industries like oil and gas, and DynaEnergetics, which offers products and services related to oilfield perforating systems for the energy sector. DMC Global Inc aims to deliver high-quality, innovative solutions to cater to the specific needs of various industries worldwide.
Core Laboratories N.V. is a provider of products and services for the oil and gas industry, specializing in reservoir description, production enhancement, and reservoir management.
Rpc Inc operates as an oilfield services company, providing a wide range of technical services and equipment to the oil and gas industry. The company's business model revolves around offering drilling and production services, along with specialized tools and equipment for well construction, intervention, and completion. Rpc Inc aims to maximize customer satisfaction by delivering cost-effective solutions that improve operational efficiency and minimize downtime in the oil and gas sector.
Sources:
Slb Limited’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
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