Movement Alert｜SLB Ltd Intraday Rise 3.12% in Regular Trading, Q3 Results Beat and Q4 Revenue Outlook Improved

Market Focus10-23 22:18

On October 23, SLB Ltd recorded an Intraday Rise of 3.12% in Regular Trading, trading at $51.135 per share, with turnover of $158 million.

The move was supported by an earnings-driven catalyst: third-quarter adjusted EPS came in at $0.64 and revenue reached $9.449 billion, both above market expectations, while management said fourth-quarter revenue is expected to rise 5% to 7% sequentially to about $10 billion.

Additional details reinforced the positive read-through. The company said Production Systems revenue rose 15%, Middle East revenue still increased 13% sequentially despite disruptions, and management highlighted Venezuela and Argentina investment as growth drivers. It also stated that if Middle East disruptions ease, previously delayed activity could resume and support growth into 2027.

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