Schlumberger's $340M Volume Ranks 362nd as Pemex Debts Weigh on 0.21% Drop

Schlumberger (SLB) fell 0.21% on August 7, 2025, with a trading volume of $0.34 billion, ranking 362nd in market activity. The stock’s performance was influenced by ongoing concerns over delayed payments from Mexican state oil company Pemex, which has left suppliers, including Schlumberger, owed billions for un-invoiced work in 2024 and early 2025. Rafael Espino of AMESPAC, a global oilfield service association in Mexico, highlighted the lack of concrete measures in Pemex’s new business plan to address these debts, which total $3.49 billion as of June 2025.

Analysts remain cautiously optimistic about Schlumberger’s long-term prospects. UBS reiterated a “Buy” rating with a $45 price target following the company’s Q2 2025 earnings, citing potential growth in its digital division. Meanwhile, recent deals, including a joint venture with Chevron in U.S. Iraqi oilfields, signal renewed interest in Schlumberger’s services. However, the stock has underperformed this year, losing 8% year-to-date, as industry challenges and volatile oil prices weigh on the sector.

Strategic moves such as the acquisition of ChampionX and a carbon storage project in the North Sea demonstrate Schlumberger’s efforts to diversify its offerings. The company’s Sequestri solutions portfolio is being deployed for six storage wells, aligning with global decarbonization trends. Despite these initiatives, market observers note that the energy sector faces headwinds from projected oil price declines in late 2025, which could impact Schlumberger’s profitability.

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