Schlumberger Stock Plummets 11.30% in Three-Day Slump Despite $7.2 Billion Trion Project Win and 84th Rank in Daily Market Volume

On April 4, 2025, Schlumberger (SLB) experienced a significant decline, with its stock price dropping by 11.30%, marking the third consecutive day of losses and a cumulative decrease of 17.58% over the past three days. The trading volume for the day was 17.35 billion, placing it at the 84th position in the daily market rankings.

Schlumberger has secured a substantial contract for Mexico's $7.2 billion Trion project, which involves drilling 18 ultra-deepwater wells using advanced AI technology. This achievement represents a significant milestone in the application of AI in offshore drilling, showcasing Schlumberger's expertise and technological prowess in the field.

In addition to the Trion project, Schlumberger is also overseeing the construction of over 100 deepwater wells. The company is leveraging its advanced drilling, cementing, and drilling fluids technologies to ensure the successful completion of these projects. This extensive involvement in deepwater drilling underscores Schlumberger's leadership in the energy sector and its commitment to driving innovation for a sustainable future.