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Inflation Concerns Weigh on Stocks
Barchart11d agoneutral
Inflation Concerns Weigh on Stocks

The S&P 500 Index ($SPX ) (SPY ) is down -0.32% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -1.04%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.04%. E-mini S&P futures (ESU26 ) are down -0.33%, and September E-mini Nasdaq futures (NQU26...

SLB Bets $4.1 Billion on the AI Data Center Boom
Insider Monkey11d agoneutral
SLB Bets $4.1 Billion on the AI Data Center Boom

SLB NV (NYSE:SLB) announced on August 31 that it will acquire Kelvion from Apollo Global and funds advised by Triton for around $3.4 billion in cash and the assumption of approximately $0.7 billion of debt. Kelvion specializes in thermal management and heat exchange technologies, with a strategic focus on serving data centers. The deal comes […]

How Could SLB (SLB) Change After Its Upstream Software Deal?
Simply Wall St.14d agoneutral
How Could SLB (SLB) Change After Its Upstream Software Deal?

SLB (NYSE:SLB) has acquired S&P Global's upstream energy software portfolio, with the transaction now completed and paired with a new alliance between the companies. The deal expands SLB's digital offering by combining its software tools with access to S&P Global Energy data inside SLB's ecosystem. The alliance is intended to broaden SLB's proposition to energy customers that use data rich software to plan and manage upstream assets. This move adds a new partnership dimension for SLB beyond...

Stocks Decline to End August as War Fears Persist
The Wall Street Journal18d agoneutral
Stocks Decline to End August as War Fears Persist

Stocks fell and oil prices climbed Monday, with renewed fighting in the Middle East stoking unease on Wall Street. West Texas Intermediate crude futures, the U.S. benchmark for oil, rose 2.8% to $85.76 a barrel, after U.S. forces attacked two Iranian rocket launchers in the Strait of Hormuz Sunday, dampening hopes after weeks without American strikes that the war with Iran could soon draw to an end. Oil prices have swung wildly throughout August, with new developments leaving investors unsure about the possibility of a diplomatic resolution with Iran.

Apollo Global Management (APO) Reshapes Its Portfolio With Kelvion Exit And Midstream Backing
Simply Wall St.18d agoneutral
Apollo Global Management (APO) Reshapes Its Portfolio With Kelvion Exit And Midstream Backing

Apollo Global Management (NYSE: APO) agrees with SLB on the sale of cooling solutions provider Kelvion, marking a significant portfolio move. Apollo is set to provide a significant minority nonvoting equity investment that will support ONEOK's planned acquisition of Brazos Midstream assets. The Kelvion sale and the ONEOK financing position Apollo across industrial cooling, data center related demand, and US energy midstream infrastructure. This kind of exposure to critical power and energy...

SLB Advances Strategy to Cash In on AI With $4 Billion Data Center Deal
Barrons.com19d agoneutral
SLB Advances Strategy to Cash In on AI With $4 Billion Data Center Deal

Public backlash against artificial intelligence data centers is real, but investors still like it when companies gain a toehold in the booming business. The latest example comes from SLB the oilfield services provider formerly known as Schlumberger whose stock jumped 2.5% on Monday after announcing its acquisition of thermal management company Kelvion. The deal is designed to build out SLB’s data center solutions business.

SLB’s $3.4B Kelvion Deal Targets AI Data Center Cooling Boom
MarketBeat19d agoneutral
SLB’s $3.4B Kelvion Deal Targets AI Data Center Cooling Boom

SLB (NYSE:SLB) said it has agreed to acquire thermal management and heat-exchange technology provider Kelvion in a transaction valued at approximately $3.4 billion in cash, plus the assumption of about $700 million in debt. The company expects the acquisition to close in the first half of 2027, subj

SLB (SLB) Stock Trades At A Discount To Fair Value
Simply Wall St.19d agoneutral
SLB (SLB) Stock Trades At A Discount To Fair Value

SLB has delivered a 5 year gain that is well ahead of many large energy stocks, yet current valuation checks send a mixed signal on how much upside may still be reflected in the price. The Discounted Cash Flow (DCF) intrinsic value estimate points to a meaningful gap to the market, while earnings based multiples suggest the stock is closer to fair value. SLB has returned 126.8% over the past 5 years, which puts recent strength front and center for anyone thinking about fresh money going into...

SLB (SLB) Lands Havstjerne Role As Carbon Growth Narrative Keeps Valuation In Focus
Simply Wall St.20d agoneutral
SLB (SLB) Lands Havstjerne Role As Carbon Growth Narrative Keeps Valuation In Focus

SLB (NYSE:SLB) has been chosen as the reservoir partner for the Havstjerne carbon storage project in the Norwegian North Sea, putting the stock in focus as investors assess its role in large-scale European carbon management. SLB's recent contract wins in carbon storage, Venezuelan oil field redevelopment and Brunei production restoration have arrived alongside strong momentum in the stock, with a 1-month share price return of 15.61% and a year-to-date share price return of 42.61% against a...