EL7.AI
StocksMediumUpdated×3•Originally published 23 October 2026•Updated 23 October 2026•
1 min read

SLB Shares Jump 7% Following Q3 Earnings Beat and Crude Oil Surge

Key Facts

1SLB reported Non-GAAP EPS of $0.64, beating analyst estimates by $0.03.
2The company's revenue reached $9.45B, surpassing estimates by $180M.

SLB shares gained 7% in trading on Friday, October 23, 2026, driven by strong third-quarter financial results and a 4% surge in crude oil prices. The company reported adjusted EPS of $0.64, beating analyst estimates by $0.03, while revenue reached $9.45B according to Seeking Alpha.

SLB was trading at elevated levels on October 23, 2026, after closing the previous session at $49.55. The results showed a 5.8% year-over-year increase in revenue, contributing to the company's robust operational performance in the energy sector.

Latest Updates · 2

  1. Notable·

    Update: Additional third-quarter data revealed that SLB's emerging data center business recorded a strong 76% year-over-year growth. This expansion into digital infrastructure reflects a diversification of the company's revenue streams beyond traditional energy services.

  2. Notable·

    Update: SLB attributed its third-quarter 2026 revenue growth to a gradual recovery in its Middle East business. This regional improvement follows what the company described as a challenging start to the year for its operations in that market.

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