SLB (SLB) investor relations material

Strategic vision and digital transformation

• Digital and AI are now foundational, driving a structural shift in energy operations and value creation, not just incremental improvements.

• Four structural priorities—operational performance, recovery, cycle time reduction, and capital efficiency—are driving durable, investable digital adoption.

• SLB leverages deep domain expertise, open platforms, strategic partnerships, and global scale to deliver differentiated digital solutions.

• Digital and AI are embedded across planning, operations, and data, creating an exponential loop of efficiency and value.

• The company’s open architecture and partner ecosystem enable integration with customer IP and third-party technologies, supporting technology sovereignty and flexibility.

Technology, platforms, and AI leadership

• Proprietary cloud-native platforms (Delfi, Lumi) and agentic AI (Tela) deliver end-to-end digital workflows, from exploration to production.

• Domain foundation models, built on decades of proprietary data and science, enable AI to deliver actionable insights and autonomous operations.

• Strategic partnerships with hyperscalers (Microsoft, AWS, Google) and NVIDIA ensure scalable, high-performance AI and cloud infrastructure.

• The platform supports multi-cloud, on-prem, and edge deployments, addressing regulatory, security, and operational requirements globally.

• More than 90% of global oil and gas production is modeled using SLB digital solutions, with over 2,600 experts and $3B R&D invested since 2016.

Market opportunity and growth outlook

• Oil and gas digital spend is underpenetrated at 4-5% of total industry spend, but the market is expanding rapidly as digital and AI adoption accelerates.

• The digital TAM is projected to grow from $25B in 2025 to $35B by 2030, with upside to $50B if AI adoption accelerates.

• SLB addresses more than two-thirds of the market, with openness turning potential competitors into ecosystem partners.

• Digital operations and AI are the fastest-growing segments, expected to drive a majority of future growth.

• By 2030, digital annual recurring revenue is targeted to double to $2B, with adjusted EBITDA also doubling to $1.8–$2B and margins expanding to 38–42%.