SLB Wins $1.5b Kuwait Contract, Unveils Electric Frac System Amid Stock Rise

SLB has been awarded a $1.5b, five-year contract for the Mutriba field in Kuwait, expanding its role in the project and introducing a fully electric frac fluid delivery system to support lower emissions and digital control in hydraulic fracturing. The company's stock is up 19.5% over the past month and 23.4% over the past year, indicating a focus on technically complex projects and efficient operations. The contract and equipment developments position SLB for potential large-scale contracts and evolving customer requirements around efficiency and environmental impact.