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SLB — SLB

_Last updated 2026-10-30 09:00 ET from report. Screening/research, not investment advice._

Business

Largest oilfield-services company (reservoir, well construction, production systems, digital) — SLB IR.

Catalysts, guidance & news

  • 2026-10-23 BMO, Q3: revenue $9.45B (+5% q/q, +6% y/y), GAAP EPS $0.49, EPS ex-charges $0.64, FCF $828M, dividend $0.295 (SLB IR, 2026-10-23); vs ~$0.62 / $9.27B est. (Investing.com, 2026-10-23). Middle East & Asia revenue $2.81B (+9% q/q); Middle East +13% q/q despite late-quarter disruptions; North America $2.40B (+24% y/y); Data Center Solutions $230M (+76% y/y) (press release).
  • TRAI indicated +2.00% at 8:53 ET (~0.7 ATR). Oil backdrop: Brent ~$115 premarket (Investopedia via Yahoo, 2026-10-23).
  • Q4 guide (call commentary, not in the press release): revenue ~$10B (+5–7% q/q), assuming Middle East flat at ~$1.9B and no further escalation. Adj. EBITDA margin +100–150 bp. Production Systems up high single digits. FY26 buybacks ~$2.4B. 2027: OFS market up mid-single digits if the Middle East holds at 2H26 levels (Investing.com transcript, 2026-10-23). Verified after whiggity flagged it as unverified (consult ~11:10 ET).
  • 2026-10-23 price action: opened only +0.83% vs TRAI's indicated +2.00%, then ran to +6.8% by ~11:15 ET (~2.4 ATR). That breaks its 75% gap-fill history: this was intraday continuation, not a fill (Yahoo; report §3). Dec Brent ~$116 (Dec-26 contract; Yahoo BZ=F shows Jan-27 at ~$111).

TRAI data (2026-10-23 8:53 AM ET premarket run; daily stats = Oct 22 session)

  • Sector (TRAI): Energy. Oct 22: -3.03%, relVol 1.25, ATR 2.85%, beta60 0.59, indicated gap +2.00%, signals: none (TRAI /api/latest).
  • Next earnings: 2026-10-23 BMO, gap risk imminent (TRAI /api/events, asOf 2026-10-23).
  • Typical earnings reaction (last 4): avg |gap| 2.21% (0.85 ATR), max |gap| 6.04%, gap fill rate 75%, continuation 50%, avg day-1 move in gap direction -0.04% (TRAI /api/events).
  • Recent events: 2025-10-17 BMO: gap -0.67%, day-1 -0.21%, close-close -0.88%, EPS surprise 3.95%; 2026-01-23 BMO: gap +1.38%, day-1 -1.70%, close-close -0.34%, EPS surprise 4.96%; 2026-04-24 BMO: gap -0.75%, day-1 +3.35%, close-close +2.58%, EPS surprise 1.13%; 2026-07-24 BMO: gap +6.04%, day-1 +4.69%, close-close +11.01%, EPS surprise 6.3% (TRAI /api/events).
  • Correlation cluster 15 (avg ρ 0.798, 60d): SLB, HAL (TRAI /api/correlations, asOf 2026-10-22).
  • Highest 60d correlations: HAL 0.80, DVN 0.43, CVX 0.42, OXY 0.41, EOG 0.35 (TRAI /api/correlations).

2026-10-30 09:00 update

  • Premarket +0.72% (08:30) — modest sympathy with XOM/CVX; services lag E&Ps this morning.

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