On August 10, SLB Ltd rose 3.21% in regular trading, trading at $52.15/share, with turnover of approximately $100 million.

On the news front, SLB recently signed a multi-year advanced reservoir stimulation services agreement with Equinor covering the Norwegian Continental Shelf, which continues to support market sentiment. The deal includes a major upgrade of the MV Island Captain well stimulation vessel, converting it into a fully proppant-capable unit with expanded storage, advanced handling and blending systems, increased pumping capacity, and an optimized deck layout. The vessel will be able to carry up to 2 million pounds of proppant for high-intensity offshore stimulation treatments. The agreement secures dedicated capacity for tight offshore reservoir development.

Additionally, the company's Q2 earnings reported on July 24 showed revenue of $8.97 billion, up 5% year-over-year and above the consensus estimate of $8.67 billion. Adjusted EPS came in at $0.55, beating the $0.51 expectation. Analysts at Melius Research have highlighted SLB as best positioned to benefit from an upcoming exploration and production spending recovery.

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