Schlumberger: solid results and growing contracts led to a 3.04% stock rise

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Schlumberger rises 3.04% today

Highlights

Schlumberger delivered strong quarterly earnings with notable revenue growth and increased international activity, particularly in the Middle East and offshore markets.
The company secured major new contracts, including a significant oilfield services agreement in the United Arab Emirates and an expanded collaboration with Aramco in Saudi Arabia.
Schlumberger advanced digital oilfield solutions and backed low-carbon projects via geothermal and carbon capture initiatives, strengthening its presence in energy transition efforts.

International expansion and contract wins drive earnings and sentiment shift

Schlumberger reported strong quarterly earnings with notable revenue growth and greater international activity, particularly in the Middle East and offshore markets. The company won new contracts, including a significant oilfield services agreement in the United Arab Emirates and expanded its collaboration with Aramco in Saudi Arabia. Additional progress was made in advancing digital oilfield solutions and supporting low-carbon projects through geothermal and carbon capture initiatives.

Intraday bullish recovery tempered by diverging momentum and oversold signals

Momentum signals are mixed: the daily MACD remains strongly bullish while ADX reads neutral, highlighting a lack of strong trend conviction. Oscillator readings are also mixed, with daily RSI and CCI in mildly oversold territory but Stoch RSI at zero, indicating an oversold condition. Bull/Bear Power is elevated (0.78), showing ongoing bullish pressure, and today saw a gap down at the open but a strong recovery, taking SLB near the high of its $34.67 – $36.16 intraday range with high volatility and persistent upside strength after the open. These dynamics show buyers dominating intraday, but momentum and oscillators show notable divergences suggesting caution.

Downside bias expected as breakout odds remain low on volatility

For the next five trading days, the expected range is $35.50 to $37.50, based on current volatility and recent price action. There is a very low probability (less than 20%) of a sustained upward breakout, making a downside move more likely. The baseline scenario sees SLB consolidating sideways between support at $34.80 and resistance near $36.80. A bullish scenario would open if the price can clear and hold above $37.00, while a break below $34.80 could trigger renewed selling toward medium-term supports.

Viktoras Karapetjanc, expert at Traders Union, sees strong underlying fundamentals and positive news flow supporting Schlumberger NV. He believes robust earnings, new international contracts, and investments in digital and low-carbon projects are constructive. Technicals show buyers still active, but momentum is mixed and upside breakouts remain unlikely in the near term. Consistent with his macro and fundamental bias, Karapetjanc sees consolidation as a healthy pause with possible upside if resistance breaks. "SLB’s growth story remains intact — I see any pullbacks toward $35.00 as fresh mid-term buying opportunities."

Previously it was noted that SLB reported third-quarter 2025 results with revenue of $8.928 billion and net income of $739 million, reflecting both a year-over-year decline and the impact of $318 million in pretax costs tied to the ChampionX acquisition. Last time we reported that momentum indicators show conflicting signals with strong bearish momentum from the MACD, while oscillators highlighted overbought conditions and volatility was elevated.

Source of Data: SLB Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.