Schlumberger Surges to 165th in Trading Volume with $550 Million Turnover

On June 3, 2025, Schlumberger (SLB) saw a significant increase in trading volume, with a turnover of $550 million, marking a 30.12% rise from the previous day. This surge placed Schlumberger at the 165th position in terms of trading volume for the day. The stock price of Schlumberger also rose by 2.31%, marking the second consecutive day of gains, with a total increase of 3.21% over the past two days.

ADNOC Drilling, a subsidiary of the Abu Dhabi state-backed oil major, has acquired a 70% stake in Schlumberger's oil drilling business in Oman. This strategic move is part of ADNOC Drilling's expansion efforts in the region, aiming to strengthen its presence and operational capabilities in Oman.

Schlumberger has announced a dividend of $0.285 per share, with the ex-dividend date set for June 4, 2025. This dividend payment is scheduled for July 10, 2025, and marks a slight increase from the average of the last ten dividends, which stood at $0.280 per share. The previous dividend, also $0.285 per share, was paid on April 3, 2025. This consistent dividend payout reflects Schlumberger's commitment to returning value to its shareholders.

Schlumberger's recent business developments, including the joint venture with ADNOC Drilling, have garnered significant attention from investors. The acquisition of a 70% stake in SLB’s onshore rig business in Oman and Kuwait for up to $112 million is seen as a strategic move to expand operations and strengthen presence in the Middle East. This initiative has bolstered investor confidence in Schlumberger's growth prospects.

Farmers Trust Co. increased its holdings in Schlumberger by 48.1% in the first quarter, indicating a positive outlook from institutional investors. This increased stake underscores the trust and optimism in Schlumberger's future performance. Additionally, Schlumberger has been featured on a popular stock search list, drawing attention from investors due to its recent joint venture initiatives and positive market sentiment. Analysts have indicated a strong potential for share price growth, with the company receiving an "Outperform" rating, highlighting its favorable position in the oil services sector.