SLB NV (SLB) News & EventsSLBSLB NV

Stock Futures Lower as Oil Prices Climb to $115

Stock futures are lower as markets look to stabilize after a sharp technology-led selloff, while rising oil prices and escalating Middle East tensions keep investors on edge. Investors are increasingly demanding evidence that massive capital investments will translate into sustainable profits, with next week's results from Microsoft, Alphabet and Amazon likely to provide important signals. Telecommunications stocks are also in focus after reports that SpaceX is discussing plans to launch a nationwide wireless carrier.Oil prices are climbing to their highest levels since May, with Brent crude near $115 a barrel and West Texas Intermediate above $101, as uncertainty over efforts to resume U.S.-Iran negotiations raises concerns about further supply disruptions. Treasury yields fell sharply Thursday as investors sought safety amid the equity selloff, with the 10-year yield dropping below 5% for the first time in nearly a month.In pre-market trading, S&P 500 futures fell 0.37%, Nasdaq futures fell 0.19% and Dow futures fell 0.77%.Check out this morning's top movers from around Wall Street, compiled by The Fly.UP AFTER EARNINGS -RingCentralup 15%Robert Halfup 8%Rithm Capitalup 5%GrafTechup 2%SLBup 2%Gorman-Ruppup 1%First Citizensup 1%Booz Allenup 1%DOWN AFTER EARNINGS -Infosysdown 8%Flagstar Bankdown 7%Deckers Outdoorsdown 7%Autolivdown 5%Bloom Energydown 4%VeriSigndown 3%American Expressdown 2%Western Digitaldown 2%

SLB Reports Q3 Operating Cash Flow of $1.51B, Free Cash Flow of $828M

SLB reports Q3 cash flow from operations $1.51B; free cash flow $828M

SLB CEO Predicts Optimistic Outlook for 2027

"Our view of supportive market fundamentals remains firmly intact. Energy security and supply shocks continue to drive a quest for international supply diversification, reserve replacement and sustained production - driving a distinct upcycle, despite near-term uncertainty in the Middle East. Our international outlook continues to strengthen, driven by deepwater momentum across Latin America, Europe, Sub-Saharan Africa and Asia, underscored by recent SLB OneSubsea contract awards. Furthermore, international diversification is accelerating as major U.S. shale operators expand abroad and partner with national oil companies across global basins. Combined with significant activity increases in Venezuela and expanding momentum across our Core, Digital and Data Center Solutions businesses, we see a very compelling outlook for 2027, with further upside as Middle East activity recovers," CEO Le Peuch concluded.