SLB N.V. (NYSE:SLB) is one of the On June 8, 2026, SLB N.V. (NYSE:SLB) announced that its OneSubsea joint venture was awarded a contract by bp (BP) to provide a subsea boosting system for the Thunder Horse project.
Mads Hjelmeland, CEO of SLB OneSubsea, said subsea boosting is an “important enabler” for extending production from existing assets, adding that standardized subsea solutions can support faster deployment and improved efficiency
A day later, SLB N.V. (NYSE:SLB) announced a memorandum of understanding with Qualcomm Technologies to enable edge AI solutions for the energy industry. The collaboration combines Qualcomm Technologies’ low-power edge computing and AI processing capabilities with SLB’s Agora edge AI and IoT solutions for remote and operationally complex environments. The companies said the partnership will focus on AI applications across production operations using SLB’s digital production solutions and energy domain expertise.
Image by aymane jdidi from Pixabay On May 19, 2026, BofA analyst Saurabh Pant raised the firm’s price target on SLB N.V. (NYSE:SLB) to $60 from $56 and maintained a Buy rating on the shares. Pant said BofA updated its oilfield services models following Q1 earnings and 10-Q reports, with 2027 and 2028 EBITDA forecasts 10% and 16% above consensus, respectively, on average. Bernstein also raised the firm’s price target on SLB to $71 from $56.10 and maintained an Outperform rating, citing stronger long-term growth prospects while noting heightened short-term share price volatility from the sector’s re-correlation with oil prices.