NEW YORK, Jan 5, 2026, 04:31 ET — Premarket
- SLB was indicated near $40.20 in premarket, roughly flat from Friday’s close. 1
- Oil prices eased after weekend political shock in Venezuela, but traders pointed to ample global supply. 2
- Investors are positioning ahead of SLB’s Jan. 23 quarterly results and outlook for 2026 spending. 3
SLB shares were indicated around $40.20 in premarket trading on Monday, little changed from Friday’s close, as a dip in oil prices kept the energy complex on edge ahead of the U.S. open. 1
That matters now because SLB, the world’s biggest oilfield services provider, tends to move with expectations for drilling and well-completion activity. Those expectations can shift quickly when crude prices swing, since producers often adjust budgets when prices weaken.
The stock is also heading into a key catalyst: SLB is due to report fourth-quarter and full-year 2025 results later this month, when it will update investors on demand, pricing and cash returns such as dividends and buybacks. Guidance is the company’s outlook, and it often drives the next leg in the share move more than the quarter itself.
Oil prices slipped even after the weekend’s political shock in Venezuela, with traders pointing to ample supply and OPEC+ holding output steady. “All bets are off in a chaotic change of power scenario like what occurred in Libya or Iraq,” Helima Croft, RBC Capital’s head of commodities research, said. 2
SLB enters Monday after a strong previous session: the stock rose about 4.7% on Friday, matching gains in rival oilfield services names including Halliburton and outpacing Baker Hughes, as the sector rebounded with the broader market. 4
Company-specific news has been quieter in recent days, but SLB has pointed to long-cycle international work as a growth driver. In late December, the company said Saudi Aramco awarded it a five-year contract tied to unconventional gas development, covering “stimulation” work — the hydraulic fracturing and related services used to boost output from tight reservoirs. 5
The next read-through for traders will come on Jan. 23, when SLB is scheduled to release results before the bell and then host a conference call. Investors will be listening for any shift in comments on North America activity, international pricing and whether customers are tightening spending plans into 2026. 3
Technically, the shares are back around the $40 level after Friday’s surge, with the stock still below its 52-week high and well above its 52-week low. Traders often treat round numbers such as $40 as near-term pivot points, especially heading into earnings. 6
But the setup cuts both ways. If crude continues to slide on expectations of oversupply, producers may lean harder on service providers for pricing concessions — a risk for margins — even as geopolitical shocks keep the market headline-driven.
