SLB Expands Oman Footprint with Bisat-B Facility Project

SLB Limited (NYSE:SLB) won a contract from OQ Exploration & Production, or OQEP, for the Bisat-B Expansion Production Facility in Oman. The project is scheduled for completion within 19 months and will increase gross fluids-handling capacity to 548,000 barrels per day. • SLB stock is showing positive momentum. What’s ahead for SLB stock? SLB Takes Project From Design Through Operations SLB will handle design, engineering, procurement, construction and commissioning, followed by four years of operations and maintenance support. The award builds on SLB’s delivery of the Bisat-A facility in 2018 and the original Bisat-B facility in 2020. Jesus Lamas, SLB president for the Middle East and North Africa, said, "By combining our global expertise with decades of local experience in Oman, we will help support production growth while delivering safe, efficient and reliable performance for years to come." Read Also: SLB Eyes Rapid Data Center Growth Through $3.4 Billion Kelvion Deal SLB Technical Outlook SLB is trading below its 20-day SMA, signaling some near-term weakness, but remains close to its 50-day and 100-day averages. Shares also stay above the 200-day SMA, keeping the broader trend constructive despite the recent pullback. MACD is below its signal line with a negative histogram, indicating that upside momentum has cooled and buyers have yet to regain control. Resistance: $53 — Nearby level the stock needs to reclaim to improve short-term momentum. Support: $48 — Key downside level to watch if selling pressure increases. Earnings and Wall Street Outlook SLB’s next estimated earnings report is scheduled for Oct. 16, 2026. Analysts expect EPS of 62 cents, down from 69 cents a year earlier, while revenue is projected at $9.27 billion, up from $8.93 billion. SLB carries a Buy consensus rating with an average price target of $64.07. UBS maintained a Buy rating and most recently raised its target to $75 on Sept. 14. Piper Sandler maintained Overweight and raised its target to $64 on July 27. See More: Top Momentum Stocks SLB ETF Exposure SLB carries a 4.48% weighting in the Energy Select Sector SPDR ETF (NYSE:XLE), 3.39% in the iShares U.S. Energy ETF (NYSE:IYE), and 3.03% in the Fidelity MSCI Energy Index ETF (NYSE:FENY). SLB Stock Price Activity: SLB shares were down 0.84% to $52.57 at the time of publication on Wednesday, according to Benzinga Pro data. Photo: HJBC via Shutterstock