SLB
NYSE · Energy
Slb Ltd
$46.61
-1.18 (-2.47%)
SLB News13 articles
TechnipFMC Shares Face Mixed Fund Sentiment Ahead of Q2 Results
Institutional moves show mixed signals for TechnipFMC as the stock trades 16% below its April peak, with T. Rowe Price reducing its position by 20% while IEQ Capital increased exposure.
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.
Nasdaq Futures Climb on Intel's Strong Outlook; Dow Dips on Oil Surge
Nasdaq 100 futures gained 172 points driven by Intel's strong Q2 forecast, while Dow futures fell 58 points as oil prices climbed above $105 a barrel.
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.
Oil Markets Brace for Supply Shifts as Venezuela Sanctions Ease, OPEC+ Mulls Output Hike
Energy markets prepare for a volatile week with potential supply increases from Venezuela and OPEC+ discussions, while delayed U.S. inventory data adds uncertainty. Major oil shares showed mixed performance.
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.
SLBT Shares Surge After Volatile Nasdaq Start; SPAC Risks Remain
SLBT jumped to $18.90 in early Tuesday trading after a 42.59% decline on its Nasdaq debut, driven by liquidity and momentum as investors digest the SPAC merger and PIPE financing.