SLB shares rose by 1.66% in the latest session, outperforming the energy services sector, which declined by approximately 0.8%. Trading volume reached 18.2 million shares, 22% above its 30-day average of 14.9 million, according to exchange data. The uptick followed a report that SLB secured a five-year, $120 million contract to provide drilling services to a major North Sea operator, underscoring growing demand for offshore capabilities. Investors also noted comments from CEO Olivier Le Peuch at the annual industry symposium, where he highlighted a 15% year-over-year increase in hydraulic fracturing activity in North America and confirmed plans to accelerate deployment of the company’s new electric frac pump by mid-year. Market strategists say SLB’s focus on cost efficiencies and higher-margin service lines may continue to support its share performance even as broader commodity prices remain under pressure.