Does the Latest Oil Price Surge Signal an Opportunity for Schlumberger in 2025?
Thinking about what to do with Schlumberger stock right now? If you’re watching those daily price charts just as closely as the oil rigs the company serves, you’re not alone. Over the past year, shares have slipped by 19.7%, and so far in 2024, they’re still down a hefty 10.4%, closing recently at $34.41. Even the past month hasn’t been kind, with a 3.9% drop. For longtime holders, though, it’s a different story. A five-year run shows Schlumberger up over 143%, a return that’s hard to ignore in this industry.
What’s behind these swings? While oilfield services stocks like Schlumberger tend to ride the waves of energy prices and sector sentiment, recent moves also reflect shifting global risk perceptions and capital flows…
