SLB Trades Oilfield Services for Data Centers -- Market Talk

Dow Jones

01/23

0925 ET - SLB wants a piece of the data-center pie. Despite being best known for its oilfield services, the company says its Digital and Data Center Solutions businesses are creating clear pathways for growth. SLB says Digital revenue grew 9% from last year in 4Q, boosted by an uptick in demand as customers continue to invest in AI and automated solutions. Meanwhile, its Data Center Solutions business more than doubled. "This business is expanding rapidly as we strengthen strategic partnerships with hyperscalers to deliver modular data center manufacturing solutions," CEO Olivier Le Peuch says "We expect that Data Center Solutions will be our fastest growing business for years to come, and Digital will continue to grow at highly accretive margins." (connor.hart@wsj.com)

(END) Dow Jones Newswires

January 23, 2026 09:25 ET (14:25 GMT)

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Despite being best known for its oilfield services, the company says its Digital and Data Center Solutions businesses are creating clear pathways for growth. SLB says Digital revenue grew 9% from last year in 4Q, boosted by an uptick in demand as customers continue to invest in AI and automated solutions. 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Despite being best known for its oilfield services, the company says its Digital and Data Center Solutions businesses are creating clear pathways for growth. SLB says Digital revenue grew 9% from last year in 4Q, boosted by an uptick in demand as customers continue to invest in AI and automated solutions. Meanwhile, its Data Center Solutions business more than doubled. \"This business is expanding rapidly as we strengthen strategic partnerships with hyperscalers to deliver modular data center manufacturing solutions,\" CEO Olivier Le Peuch says \"We expect that Data Center Solutions will be our fastest growing business for years to come, and Digital will continue to grow at highly accretive margins.\" (connor.hart@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  January 23, 2026 09:25 ET (14:25 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}