SLB shares climbed last week after the oilfield services leader reported higher-than-expected sales and profits. Revenue rose 5% year over year to $8.97 billion in the second quarter, while adjusted earnings reached $0.55 per share, topping Wall Street estimates of $0.52. CEO Olivier Le Peuch cited the Middle East conflict as driving customers to prioritize energy security and production capacity expansion. The company is also expanding into artificial intelligence, with data center revenue soaring 80% and on pace to surpass a $1 billion annualized run rate by the end of 2026.
SLB N.V.reported higher-than-expected sales and profits, beating estimates
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