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Updated · MarketWatch · May 6SLB stock slips 1.50% but outperforms key rivals
8 articles · Updated · MarketWatch · May 6
- Shares closed at $55.16, while Baker Hughes fell 1.64% and Halliburton dropped 3.16%; NOV rose 0.30% in Wednesday trading.
- The decline came despite a broader market rally, with the S&P 500 up 1.46% and the Dow Jones Industrial Average gaining 1.24%.
- SLB finished 3.57% below its 52-week high of $57.20 reached on May 1, and trading volume of 12.9 million was below its 50-day average.
Amid Middle East chaos, can SLB's tech and new energy pivot safeguard its future profits? With producers cautious and insiders selling, is the boom for oil services over despite record oil prices? Is the Iran conflict forcing a permanent retreat from the Middle East for global energy companies?