SLB Ltd shares surged 5.25% in pre-market trading on Friday after the oilfield services giant reported second-quarter results that topped Wall Street expectations on both earnings and revenue, driven by strong offshore drilling activity and robust demand for its data center solutions business.

The company posted adjusted earnings of 55 cents per share, down from 74 cents a year ago but comfortably above the analyst consensus of 51 cents. Revenue rose 5% to $8.97 billion, beating the $8.67 billion estimate. The outperformance was fueled by a 36% jump in North America revenue to $2.24 billion, along with higher offshore activity in Latin America, Europe, Africa, and Asia, which helped offset a 14% decline in Middle East and Asia revenue amid ongoing regional conflict disruptions.

CEO Olivier Le Peuch highlighted that growth is broadening across geographies outside the Middle East, with the data center solutions business on track to exceed $1 billion in annualized revenue run rate by year-end. The Production Systems and Digital divisions also delivered strong sequential growth, further bolstering investor confidence in the company's outlook heading into 2027.