Chief Executive Officer & Director, Schlumberger
Search every verified Olivier Peuch interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. During Schlumberger's Q2 FY26 earnings call on July 24, 2026, Olivier Peuch discussed the company's outlook and strategy. He stated that final investment decisions for long-cycle projects are expected to increase by approximately 30% year on year in 2026, supporting higher exploration spending and upstream capex growth, particularly in Africa, with a more meaningful impact expected in 2027 extending to Latin America, the Mediterranean, and Asia. Peuch noted that North America land activity will remain tied to short-cycle market dynamics, while the impact in the Middle East is viewed as largely transitory, adding that restoring production to prior levels will require higher service intensity and equipment demand. He described the outlook for Schlumberger's business into 2027 as "compelling," citing exposure to international deepwater, exploration and production recovery, and digital solutions. Peuch also highlighted growth beyond the company's core business. He said that Schlumberger's data center solutions are expected to exit 2027 at an annualized revenue run rate exceeding $2 billion, describing the company's ambition to become an industrial technology partner to the data center industry. He added that the company's expanding role in design and integration provides a platform to add adjacent capabilities, including decarbonized power and cooling solutions. Regarding the Middle East, Peuch stated that it would not be prudent to assume that conditions will restore in weeks, noting that security issues in some countries, specifically Iraq, and production capacity in Kuwait may not allow a quick return to full production.
“We now foresee that data center solution will exit 2027 at an annualized revenue run rate exceeding $2 billion. But this is just the start. Our ambition is to become an industrial technology partner to the data center industry and our expanding role in design and integration provides us platform to add adjacent capabil...”
“We believe that it would not be prudent to assume that the things will restore in weeks and we believe that this the condition that has not met yet and particular around security in some countries specifically Iraq and for production capacity in Kuwait will not necessarily give in short term the capability to unlock an...”
“This quarter marks the first time we have disclosed our data center revenue, which has more than doubled year on year. Looking ahead, we foresee expansion beyond the US along with the onboarding of new customers.”
“We expect our digital business to grow faster than our core business for the foreseeable future with margins visibly accretive to the rest of the company. At the same time, we expect digital to continue delivering accretive margins to the company.”
“I think the right way to think about it first is what the customer are looking for. And I think as you pointed out, I think it's clear that the natural decline that winning on the on the industry that have to be offset not only by infilling and new developments, but there is a increased recognition by the customer in t...”
“It's very subjective but I would consider it unconstrained. I would consider that I think the digital solution will create the space for the for the own and I believe that the scale of of offering the capability and the opportunity we have I don't see constraints into the into the market. So I believe that okay the the...”
“We expect that we would achieve a sequential step up in results in the fourth quarter of high single-digit top line growth as we report the full quarter of ChampionX and generate seasonally higher year-end digital and product sales. With the third quarter results, to be honest, we're now in a position to confirm that s...”
“Digital annual recurring revenue surpassed $1 billion, reflecting year-on-year growth of 15%. We also announced several exciting digital milestones in the first quarter, including launching Tela, an agentic AI assistant purpose built to transform the upstream energy sector and forming a partnership with ATNO to launch...”
“Finally, with visibility into an area of strong cash flow, we will return more than $4 billion to shareholders in 2026 through the combination of the increased dividend that we announced this morning and share repurchase.”
“SAB is the only international service company actively operating in Venezuela today. As we are delivering a diverse set of services for NIC under their license with nearly a century of experience in Venezuela, we did maintain active facilities, equipment and local personnel on the ground. Historically, we have been lea...”
“This year, we plan to expand our range of offering, our customer base, and the geography we serve, paving the way for future growth. The opportunity is growing faster than anticipated, and we expect to exit the year at a quarterly revenue run rate of $1 billion per year.”
“I don't think there will be much spare capacity available, sign of which you see by the reinvestment into all capacity sustainance investment that are happening to the across the Middle East and all intervention and and international activity in which we have a strong exposure is benefiting from this. Hence the market...”
“Earlier this week, we shared the news that our transaction is now complete. And this is the start of an exciting new chapter for our company. I could not be prouder to lead the company at this juncture.”
“Therefore, we expect second half revenue to be between 18.2 billion and 18.8 billion for the second half. This second half increase will be a result of the 5 months contribution of ChampionX, combined with steady revenue in our legacy SLB business compared to the first half, driven by growth in production systems and d...”
“We are now even more comfortable with our initial assessment that we will be able to generate 400 million of annual pre-tax synergies within the first 3 years after closing. The largest portion will come from cost synergies, which represent approximately 75% of the 400 million. Roughly half of these cost synergies will...”
SLB Ltd (SLB) — Q2 FY26 Earnings Call Live coverage with Benzinga. Q2 FY26 Results EPS: $0.55 (est. $0.52) — inline ...
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01/17/2025 Q&A: 21:37 Schlumberger Limited engages in the provision of technology for the energy industry worldwide.
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