SLB OneSubsea Secures Major Contract with CNOOC
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 17 2026
0mins
Should l Buy SLB?
Source: Newsfilter
SLB's stock price rose by 5.03% as it crossed above the 5-day SMA, reflecting positive market sentiment following a significant contract announcement.
SLB's OneSubsea has secured a multi-well EPC contract with CNOOC, covering 20 wells in the Kaiping 18-1 field. This contract aims to enhance operational efficiency through standardized subsea production technology and regional collaboration, significantly strengthening SLB's position in deepwater oil and gas development.
The successful execution of this contract is expected to improve SLB's market presence in the Asia-Pacific region, potentially leading to increased revenue and profitability in the coming quarters.
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Analyst Views on SLB
Wall Street analysts forecast SLB stock price to fall
16 Analyst Rating
16 Buy
0 Hold
0 Sell
Strong Buy
Current: 52.310
Low
43.00
Averages
48.71
High
55.00
Current: 52.310
Low
43.00
Averages
48.71
High
55.00
About SLB
SLB N.V. is a global technology company. The Company’s segments include Digital, Reservoir Performance, Well Construction, Production Systems, and All Other. Digital segment includes products, services, and solutions that span the energy value chain from subsurface characterization through field development and hydrocarbon production to carbon management and the integration of adjacent energy systems. Reservoir Performance segment consists of reservoir-centric technologies and services that are critical to optimizing reservoir productivity and performance. Well Construction segment provides operators and drilling rig manufacturers with services and products related to the design and construction of a well. Production Systems segment develops technologies and provides expertise that enhances production and recovery from subsurface reservoirs to the surface, into pipelines, and to refineries. All Other segment includes asset performance solutions, data center solutions and SLB Capturi.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Press Release Timing: A press release detailing the results will be issued at 7:00 a.m. US Eastern time, aimed at providing timely information to investors and enhancing their understanding of the company's financial performance.
- Participation Details: Investors can access the call by dialing +1 (833) 470-1428 within North America or +1 (404) 975-4839 internationally, with a recommendation to call 10 minutes prior to the start, demonstrating the company's consideration for investor accessibility.
- Webcast Information: The call will be broadcast via webcast, requiring listeners to log in 15 minutes early to test their browsers, and a replay will be available post-call, showcasing SLB's efforts in digital communication.
See More
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- Financial Performance Comparison: FTI's forward P/E ratio stands at 23.3X, while SLB's is at 17.05X, suggesting SLB is relatively cheaper; however, its EPS estimates for 2026 and 2027 indicate some volatility, reflecting the challenges in its core segments.
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See More
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