Schlumberger (SLB) Shares Soar 4.55% on Major Contract Win

Schlumberger (SLB) shares surged 4.55% today, reaching their highest level since May 2025 with an intraday gain of 5.04%.

The strategy of buying SLB shares after they reached a recent high and selling them one week later resulted in poor performance over the past five years. The strategy had a total return of -16.31%, with a benchmark return of 56.99% and an excess return of -73.30%. The strategy's CAGR was -6.94%, indicating a decline in value, and it had a maximum drawdown of -43.26%, reflecting significant volatility and risk.

Schlumberger's recent stock price movement can be attributed to several key factors. One of the most significant developments is the contract secured by Schlumberger JV OneSubsea for the Northern Lights CCS Project Expansion in Norway. This contract underscores Schlumberger's involvement in major energy projects, which has the potential to positively influence investor sentiment and stock performance.

Additionally, the steady U.S. shale activity continues to benefit Schlumberger, even in a low-price environment. This ongoing activity provides a stable revenue stream and supports the company's financial health, contributing to the positive stock performance.