SLB Stock Drops Despite Q3 Earnings

SLB, a major energy tech company, faces stock challenges despite its significant value and diverse services. Despite better-than-expected earnings, shares have dropped due to slow drilling activity and high costs in North America. The stock has been trading below its two-hundred-day moving average but recently moved above its fifty-day average, hinting at a potential shift.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.