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Insider executed sale under pre-established Rule 10b5-1 trading plan, maintaining substantial direct holdings of 1.3 million shares valued at $80 million.
SLB TodaySLBSLB$58.09 +0.94 (+1.65%) As of 09/2/2026 03:59 PM Eastern This is a fair market value price provided by Massive. Learn more.52-Week Range$31.64▼$60.46Dividend Yield2.03%P/E Ratio28.06Price Target$61.35Add to WatchlistSLB NYSE: SLB just made a clear bet that data centers, not oil wells, define its next decade.
On CNBC's “Halftime Report Final Trades,” Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, picked Apple Inc. (NASDAQ:AAPL).
SLB (SLB) concluded the recent trading session at $57.15, signifying a -4.91% move from its prior day's close.
Energy ETFs could benefit as the U.S.-Venezuela oil deal drives long-term investment in Venezuela's oil infrastructure.
SLB's $3.4B Kelvion acquisition broadens its AI data center reach, adding cooling technology, growth potential and targeted synergies to its investment case.
SLB N.V. is downgraded from buy to hold, as valuation now reflects much of the upside previously identified. SLB's Q2 2026 delivered a double beat despite Middle East disruptions, with the Data Center Solutions and Digital divisions driving growth. The Kelvion acquisition positions SLB for $4.5–$5 billion in Data Center Solutions revenue by 2028, but integration and execution risks remain.
Renewed conflict in the Middle East is driving up energy prices. Oil stocks could help investors safeguard their wealth.