SLB is repositioning from a traditional oilfield services provider to an energy technology company. While oil and gas remain the primary revenue drivers, the company is investing in carbon capture and geothermal technologies to diversify its portfolio. This shift focuses on digital workflows and automation to improve efficiency and reduce emissions across the energy life cycle. The company is targeting lower carbon solutions to align with global energy transition trends.
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The pivot to energy tech is a good start, but I want to see the actual percentage of CAPEX going into carbon capture versus traditional drilling. Without those numbers, the transition is just marketing.
Agreed. Geothermal is promising for baseload power, but the deployment reality depends on drilling costs and heat recovery efficiency. Are they actually hitting targets or just running pilots?
Industrial efficiency is where the real win is. If they can apply their subsurface tech to heat pumps or industrial heat storage, that is a tangible path to decarbonization.
