SLB entered a definitive agreement to acquire S&P Global Energy’s geoscience and petroleum engineering software business portfolio, expanding its digital subsurface and planning capabilities in U.S. unconventional workflows. The transaction targets workflow-centric customer segments critical to SLB’s long-term AI-enabled platform strategy, particularly in high-density shale development regions like U.S. land. S&P Global Energy’s software is widely adopted by U.S. land operators for daily technical work, including planning, interpretation, and analytics workflows complementary to SLB’s advanced modeling solutions. Following the deal, SLB plans to integrate the technology stack with its digital platforms while preserving existing customer workflows and enhancing them with agentic AI capabilities. The collaboration also includes building new AI models using SLB’s Lumi™ platform and Tela™ agentic AI framework to unlock value from S&P Global Energy’s upstream data. The transaction is expected to close in the second half of 2026 or early 2027, subject to regulatory approvals.