SLB on multi-year integrated drilling quest with European oil & gas operator
Published . Updated .
Key takeaways
Market Call
Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.
Get these market calls by email
The week's biggest market-moving stories, Congress trades and Trump posts, with the tickers they touch. Free, one email a week.
Free. We only use your email to send the digest, never sell or share it, and every email has a one-click unsubscribe link. See our privacy policy.
SLB’s new assignment with Vår Energi aims to drive efficiency and performance across two rigs owned by Transocean and Odfjell Drilling.
Directly affected
Indirectly affected
- OIH VanEck Oil Services ETF+3.9% 30d
VanEck Oil Services ETF: it holds drilling and oilfield-service firms. Linked by “drilling” (oilfield services) in this story.
- USO United States Oil Fund-1.1% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- UNG United States Natural Gas Fund-13.5% 30d
United States Natural Gas Fund: it follows natural-gas prices. Linked by “gas” (natural gas) in this story.
- VGK Vanguard FTSE Europe ETF
Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“european”).
- HAL Halliburton+3.2% 30d
Halliburton (oil and gas field services): drillers get more work when oil companies spend more. Linked by “drilling” (oilfield services) in this story.
- BKR Baker Hughes-11.2% 30d
Baker Hughes (oil and gas field machinery and equipment): drillers get more work when oil companies spend more. Linked by “drilling” (oilfield services) in this story.
- NE Noble
Noble (drilling oil and gas wells): drillers get more work when oil companies spend more. Linked by “drilling” (oilfield services) in this story.
- VAL Valaris
Valaris (drilling oil and gas wells): drillers get more work when oil companies spend more. Linked by “drilling” (oilfield services) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| SLB | -2.57% | -1.12% | base | -0.04% | after close | after close | after close |
| RIG | -4.05% | -2.82% | base | +0.19% | after close | after close | after close |
| OIH | -5.96% | -2.45% | base | -0.16% | after close | after close | after close |
| USO | +4.74% | +0.82% | base | +3.43% | after close | after close | after close |
| UNG | -9.22% | -1.27% | base | +2.65% | after close | after close | after close |
| VGK | -1.21% | +0.58% | base | -0.61% | after close | after close | after close |
| HAL | -3.04% | -3.16% | base | -0.49% | after close | after close | after close |
| BKR | -6.51% | -1.94% | base | -1.13% | after close | after close | after close |
| NE | -5.57% | -2.65% | base | +0.83% | after close | after close | after close |
| VAL | -4.39% | -2.86% | base | +0.02% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
SLB on multi-year integrated drilling quest with European oil & gas operator Offshore Energy
Source: Offshore Energy
United States Oil Fund (USO) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| BKR | that day | -1.13% | final price |
| BKR | three days earlier | -1.94% | final price |
| BKR | five days earlier | -6.51% | final price |
| HAL | that day | -0.49% | final price |
| HAL | three days earlier | -3.16% | final price |
| HAL | five days earlier | -3.04% | final price |
| NE | that day | +0.83% | final price |
| NE | three days earlier | -2.65% | final price |
| NE | five days earlier | -5.57% | final price |
| Vaneck Vectors Etf (OIH) | that day | -0.16% | final price |
| Vaneck Vectors Etf (OIH) | three days earlier | -2.45% | final price |
| Vaneck Vectors Etf (OIH) | five days earlier | -5.96% | final price |
| RIG | that day | +0.19% | final price |
| RIG | three days earlier | -2.82% | final price |
| RIG | five days earlier | -4.05% | final price |
| SLB | that day | -0.04% | final price |
| SLB | three days earlier | -1.12% | final price |
| SLB | five days earlier | -2.57% | final price |
| United States Natural Gas Fund (UNG) | that day | +2.65% | final price |
| United States Natural Gas Fund (UNG) | three days earlier | -1.27% | final price |
| United States Natural Gas Fund (UNG) | five days earlier | -9.22% | final price |
| United States Oil Fund (USO) | that day | +3.43% | final price |
| United States Oil Fund (USO) | three days earlier | +0.82% | final price |
| United States Oil Fund (USO) | five days earlier | +4.74% | final price |
| VAL | that day | +0.02% | final price |
| VAL | three days earlier | -2.86% | final price |
| VAL | five days earlier | -4.39% | final price |
| Vanguard Intl Equity Index F (VGK) | that day | -0.61% | final price |
| Vanguard Intl Equity Index F (VGK) | three days earlier | +0.58% | final price |
| Vanguard Intl Equity Index F (VGK) | five days earlier | -1.21% | final price |
Congressional trades in the stocks in this story
- Rep. Lisa McClain bought Transocean (RIG) (held by a spouse), worth $15,001 - $50,000 on 14 Sep 2026. That is 59 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 29 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 73 days before publication. Filed 25 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Companies in energy around United States Oil Fund (USO)
Companies tied to this story
- USO United States Oil Fund
United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “SLB on multi-year integrated drilling quest with European oil & gas operator.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
- XLE Select Sector Spdr Tr
In “SLB on multi-year integrated drilling quest with European oil & gas operator,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
- UNG United States Natural Gas Fund
For “SLB on multi-year integrated drilling quest with European oil & gas operator,” United States Natural Gas Fund (UNG) is linked, with no stored direction, medium confidence. Reason on file: United States Natural Gas Fund: it follows natural-gas prices. Linked by “gas” (natural gas) in this story
- OIH Vaneck Vectors Etf
In “SLB on multi-year integrated drilling quest with European oil & gas operator,” Vaneck Vectors Etf (OIH) is linked, with no stored direction, medium confidence. Reason on file: VanEck Oil Services ETF: it holds drilling and oilfield-service firms. Linked by “drilling” (oilfield services) in this story
- VGK Vanguard Intl Equity Index F
In “SLB on multi-year integrated drilling quest with European oil & gas operator,” Vanguard Intl Equity Index F (VGK) is linked, with no stored direction, medium confidence. Reason on file: Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“european”)
- SHEL Shell
In “SLB on multi-year integrated drilling quest with European oil & gas operator,” Shell (SHEL) is linked, with no stored direction, medium confidence. Reason on file: Shell (crude petroleum and natural gas, with business in Europe): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- XOM ExxonMobil Holdings
For “SLB on multi-year integrated drilling quest with European oil & gas operator,” ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence. Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- BP Bp
Bp (BP) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “SLB on multi-year integrated drilling quest with European oil & gas operator.” Reason on file: BP p.l.c (petroleum refining, with business in Europe): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
United States Oil Fund (USO) and the energy link
The 12 Nov 2026 story “SLB on multi-year integrated drilling quest with European oil & gas operator” names United States Oil Fund (USO) because of Energy.
What ties United States Oil Fund (USO) to the headline is this: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
Also listed, Select Sector Spdr Tr (XLE): Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
Dates and price levels for United States Oil Fund (USO)
UNG traded between 8.95 and 11.43 across 20 sessions. The latest close on file is 9.34. USO traded between 143.02 and 171.80 across 20 sessions. The latest close on file is 148.41. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.
How strong the case is around United States Oil Fund (USO)
46 out of 100
“SLB on multi-year integrated drilling quest with European oil & gas operator” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.