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Oilfield Services Expand to Data Center Services As AI Booms

Still focusing on how SLB has embraced the digital transformation, the company noted their recent reorganization had made their Digital Solutions divisions a distinct reporting entity on their balance sheet. SLB Digital Solutions is comprised of Platform & Applications, Digital Operations, Digital Exploration and Professional Services. The company noted in the call that Digital was now generating revenue at a run rate of $2.4 bn annually with a present margin of 32.7% and a line of sight to 35%. It’s SLB’s ...