S&P Global Divests Energy Software Portfolio to SLB, Pivots to AI-Driven Data

S&P Global Inc. (SPGI) announced Friday that it has reached an agreement to sell its geoscience and petroleum engineering software portfolio to technology firm SLB. While the financial terms of the transaction were not disclosed, the deal is expected to close in the second half of 2026 or the first quarter of 2027. This divestiture marks a strategic shift for the financial and credit rating major as it streamlines its software offerings. Alongside the sale, the two companies have entered into an agreement to expand their partnership, focusing on data distribution and the collaborative development of AI models to transform upstream business use cases. Central to this transition is the introduction of "Titan," an AI-powered upstream data platform. Currently in beta testing with select customers, Titan is designed to modernize how users discover and analyze high-quality data. The platform boasts global coverage spanning 113 countries and is expected to serve approximately 110,000 users across 4,000 client organizations, ranging from individual analysts to global enterprises. S&P Global plans a full commercial launch of the Titan platform later this year. In pre-market activity following the announcement, SPGI shares traded at $439.99, reflecting a slight increase of 0.22% on the New York Stock Exchange.