Schlumberger Stock Plummets 5.83% in Third Consecutive Day of Decline, Trading Volume Ranks 108th

On June 23, 2025, Schlumberger (SLB) experienced a significant decline, with its stock price dropping by 5.83%. This marks the third consecutive day of decline for the company, with a total decrease of 6.46% over the past three days. The trading volume for the day was substantial, reaching $6.72 billion, which placed it at the 108th position in terms of trading volume for the day.

Schlumberger is set to hold a conference call on July 18, 2025, to discuss its second-quarter results for the period ending June 30, 2025. This call will provide investors with insights into the company's financial performance and strategic initiatives.

ADNOC Drilling has acquired a 70% stake in Schlumberger's onshore rig business in Oman and Kuwait. This acquisition, valued at up to $112 million, aims to create a joint venture that seeks to double in size within the next year. This strategic move is expected to enhance Schlumberger's operational capabilities and market presence in the region.

Schlumberger has introduced Electris™, a portfolio of digitally enabled electric well completions technologies. This new offering is designed to boost production and recovery, leveraging advanced digital solutions to optimize well performance and efficiency.

Schlumberger's OneSubsea joint venture, in collaboration with Subsea7, has been awarded a substantial EPCI contract by bp for the Ginger Project. This contract underscores Schlumberger's expertise in subsea engineering and construction, further solidifying its position in the energy sector.

Schlumberger has announced its commitment to return a minimum of $4 billion to shareholders in 2025. This initiative reflects the company's strong financial position and its dedication to enhancing shareholder value through dividends and share repurchases.