SLB

In April 2026, SLB experienced a $200 million revenue miss in Q1 due to operational shutdowns in Qatar and Iraq, though its Digital and AI segments showed double-digit growth, and management aimed for a $1 billion run-rate for its data center business by year-end. In May 2026, the stock price declined approximately 15% over 30 days, from $56.77 to $48.09, largely due to a sharp selloff in crude oil prices following a U.S.-Iran peace agreement. September 2026 saw SLB OneSubsea awarded a major subsea systems contract for the Rovuma Basin Development, and SLB secured four multi-year integrated well construction contracts from Aramco and a major contract from OQEP for an integrated facility expansion in Oman. In October 2026, SLB reported strong Q3 results with earnings per share of $0.55 (beating consensus) and revenue of $8.97 billion (exceeding analyst expectations), and was awarded a digital drilling contract by TotalEnergies. Despite these positive developments, the stock was trading below its 50-day and 200-day moving averages, indicating a bearish trend, with a 44.2% gain over the past 12 months but a 12.62% decrease in the past month as of October 10, 2026.