SLB stock price near $51 after-hours as oil jumps on Strait of Hormuz fears — what’s next
SLB shares closed nearly flat at $51.34 in late Monday trading despite a sharp jump in crude prices after Middle East strikes disrupted oil shipping. Oil majors Exxon and Chevron rose, while oilfield services stocks lagged. Analysts are watching tanker flows and SLB’s late-April results for signs of spending shifts. OPEC+ will raise output by 206,000 barrels a day in April.