Schlumberger stock gets four Saudi well contracts

Published on 09/28/2026 at 12:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Schlumberger stock traded at USD 51.54 on September 25, 2026, 14.75 percent below its 52-week high. Q2 revenue reached USD 8.97 billion, while GAAP EPS was USD 0.52.

Ölbohrturm im Wüstenfeld bei Sonnenuntergang mit Servicemannschaft am Bohrkopf — Schlumberger NV Bohrturm bei Sonnenuntergang im Ölfeld, ISIN US06520E1029, Arbeiter am Bohrkopf tätig, Illustration mit AI erstellt.

Schlumberger (US06520E1029) stock was last at USD 51.54 on the NYSE on September 25, 2026 at 4:00 p.m. ET, up 0.21 percent. The company secured four integrated well construction contracts from Aramco on September 24, giving the market a concrete operational update.

Saudi contracts cover 450 wells

According to Yahoo Finance on September 24, 2026, SLB will manage end-to-end well construction and deliver more than 450 wells during the initial three-year term. Each contract includes an option for an extension of up to two years.

The award expands SLB's integrated model across planning, drilling, evaluation, fluids, cementing and completions. For investors, the contract is relevant because it links future activity to a defined multi-year program rather than to a single well or short project cycle.

Q2 revenue rose to USD 8.97 billion

SLB's second-quarter 2026 revenue reached USD 8.97 billion, up 5 percent year over year, while GAAP net income attributable to the company was USD 786 million and diluted EPS was USD 0.52, according to Stock Titan in its July 24, 2026 filing summary.

The comparison is mixed. Revenue increased from the prior-year quarter, but diluted EPS fell from USD 0.74, while adjusted EBITDA was USD 1.90 billion with a 21.2 percent margin, down from 24.0 percent a year earlier. The figures show why new contract volume matters alongside profitability.

Middle East exposure remains material

According to Industrial Info Resources on September 28, 2026, SLB's second-quarter Middle East revenue declined 14 percent year over year. That counter-factor puts the Saudi awards in context: the contracts strengthen the regional backlog, while geopolitical disruption has already affected reported activity.

Stock remains below its yearly high

Schlumberger stock was last at USD 51.54 on the NYSE on September 25, 2026 at 4:00 p.m. ET. Its 52-week range was USD 31.64 to USD 60.46, placing the last price 14.75 percent below the high, with market capitalization of USD 76.5 billion and volume of 7,251,226 shares.