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HAL News14 articles
Tech Futures Slide as Oil Climbs Past $90 on Middle East Tensions
U.S. stock futures slipped in early trading as Brent crude rose above $90, with energy stocks gaining while tech futures weakened.
Futures Mixed as Oil Surges Past $90 on U.S.-Iran Tensions
U.S. stock futures were mixed in early premarket trading on Monday, with energy shares rising as Brent crude topped $90 after U.S.-Iran clashes.
SLB Shares Surge 9% as Margins Improve Despite Revenue Dip Excluding ChampionX
SLB shares jumped 9% as Q2 earnings topped estimates, though revenue excluding ChampionX slipped 5%. Strong margins and digital growth fueled the rally.
Baker Hughes, Novartis, Microsoft Deepen Job Cuts Amid AI Shift
Baker Hughes and Novartis announce additional U.S. layoffs, while Microsoft and Coursera continue tech restructuring. AI cited in 31% of June job cuts.
Energy Sector Decouples from Oil as Diesel Margins and Norway Lockout Shape Divergent Trends
Brent crude plunged 10.86% last week, but the XLE ETF slipped only 0.4%, signaling a decoupling. Refiners gain from tight diesel margins, while oilfield services face headwinds from a Norway lockout and rising U.S. rig counts.
Patterson-UTI Rises on Strong Drilling Outlook Despite Oil Decline
Patterson-UTI shares rose 3.1% as the company projected higher rig counts and $220M in Q2 adjusted EBITDA, despite a 3% drop in oil prices and historically low DUC wells.
TechnipFMC Joins MSCI World Index, Shares End Week Down 3.6%
TechnipFMC shares ended Friday up 1.1% on heavy volume after joining the MSCI World Index, but the stock fell 3.6% for the holiday-shortened week. Q1 revenue rose 11.6% to $2.49 billion.
TechnipFMC Gains on MSCI Inclusion but Faces Volatility
TechnipFMC (FTI) closed at $68.42 on Friday, up 1.1% on heavy volume after MSCI World Index inclusion, but fell 3.62% for the week. Q1 revenue rose 11.6% to $2.49B, with subsea backlog at $16.47B.
SLB Shares Retreat from Peak as Software Strategy Faces Market Test
SLB shares slipped 1% to $54.55, marking a third consecutive decline from a 52-week high of $58.82, as investors assess its software push against headwinds in its core drilling business.
Oil Surges Past $109 on Hormuz Tensions; Energy Stocks Rally
Brent crude surged past $109 a barrel amid renewed geopolitical risks near the Strait of Hormuz, driving U.S. energy stocks sharply higher in early trading.
SLB Shares Hold Steady Despite Oil Price Surge on Middle East Tensions
SLB shares closed flat at $51.34 as oilfield services stocks lagged a crude rally driven by Middle East supply fears. Market focus shifts to potential changes in producer spending and SLB's upcoming quarterly results.
SLB Shares Hold Steady Amid Oil Price Surge, Market Eyes Spending Signals
SLB Ltd.'s stock showed minimal movement, closing at $51.34, even as oil prices jumped due to Middle East supply disruptions. The market is focused on whether higher crude will translate into increased capital expenditure by energy producers.
OPEC+ Weighs April Production Hike as Oil Market Braces for Supply Shift
OPEC+ members are set to discuss restarting oil production hikes next month, potentially adding supply as demand forecasts weaken. Key energy stocks showed mixed performance ahead of the decision.
SLB Shares Decline Amid Oil Price Drop Despite Indonesian Gas Contract
SLB shares dropped 1.8% to $50.64 as oil prices declined, overshadowing new offshore drilling contracts for a deepwater gas project in Indonesia targeting first production by 2028.