On August 29, SLB Ltd rose 3.09% in regular trading, trading at $56.765/share, with turnover of $4.23 billion. The stock has gained over 6% across two consecutive sessions as the Venezuela business expansion narrative continues to catalyze investor interest.

On the news front, SLB recently signed a service contract with Venezuela's state-run Petroleos de Venezuela (PDVSA), gaining access to the country's oilfield data. Under the agreement, SLB is tasked with organizing and upgrading PDVSA's outdated databases that have not been maintained for years and suffered a recent cyberattack. Company executives previously stated they expect to restart up to 15 oil drilling rigs currently located in Venezuela within less than a year. During the Q2 earnings call, management explicitly confirmed that new contracts secured in Venezuela have already surpassed the total volume accumulated over the past two years, marking a further deepening of its Latin American strategic footprint.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)