SLB, an energy company, is sidestepping challenges from the Iran conflict by expanding into data centers and the AI market, capitalizing on revenue opportunities outside the Middle East.

Schlumberger projects Q3 global revenue growth of 3–4% quarter-on-quarter, EBITDA margin expansion of ~75 basis points, and core business sales rising low-to-mid single digits, with expansion into data-centre power and cooling services.

Schlumberger reported Q2 2026 adjusted EPS of 55 cents, revenue of $8.97 billion, and EBITDA of $1.90 billion, all above consensus, with Data Center Solutions ARR projected to exceed $2 billion by end of 2027.

Schlumberger reported Q2 2026 adjusted EPS of 55 cents, adjusted EBITDA of $1.90 billion, and revenue of $8.97 billion, all exceeding estimates, with guidance for Data Center Solutions ARR to exceed $2 billion by end of 2027.

SLB and Liberty Energy will collaborate to supply modular power and parts to data centers, capitalizing on the AI boom.

The post reports that a peace deal in Iran is weighing on oil prices, and that SLB's stock decline may be overdone.

Post reports on CNBC interview with SLB CEO Olivier Le Peuch discussing the SLB-Nvidia collaboration and how AI is transforming the oil industry.

WTI crude oil surged 7% intraday, breaking above $93/barrel; Brent crude rose over 5% to $95.31/barrel.