Schlumberger SLB Surges to 70th in Trading Volume with $1.607 Billion Day Despite Stock Decline

On April 3, 2025, schlumberger (SLB) experienced a significant trading volume of $1.607 billion, marking a 131.98% increase from the previous day. This surge placed Schlumberger at the 70th position in terms of trading volume for the day. However, despite the high trading volume, the stock price of Schlumberger declined by 7.06%, marking the second consecutive day of decline, with a total decrease of 7.09% over the past two days.

Schlumberger recently announced its fourth-quarter and full-year 2024 results, which included an increase in dividend and the initiation of $2.3 billion in accelerated share repurchases. This move is seen as a positive step towards enhancing shareholder value and optimizing the company's capital structure.

Additionally, Schlumberger has been awarded a major drilling contract by Woodside Energy for its ultra-deepwater Trion project. This contract underscores Schlumberger's expertise in energy technology and its ability to secure significant projects in the global energy sector.

Schlumberger has also announced that it will hold a conference call on April 25, 2025, to discuss its first-quarter 2025 results. This call will provide investors and analysts with an opportunity to gain insights into the company's performance and future outlook.

In other news, Level Four Advisory Services LLC acquired new holdings in Schlumberger Limited during the fourth quarter. This investment reflects the confidence of institutional investors in Schlumberger's long-term prospects and its ability to deliver value to shareholders.

Schlumberger has also approved the amendment and restatement of the slb Discounted Stock Purchase Plan, with approximately 99.5% of the votes cast in favor of this proposal. This plan is designed to provide employees with an opportunity to purchase company stock at a discounted price, further aligning their interests with those of shareholders.

Furthermore, Schlumberger has announced a rebranding initiative, changing its name to SLB. This rebranding is aimed at reflecting the company's evolving business strategy and its focus on achieving sustainable growth and innovation in the energy sector.