On the most recent trading session, SLB shares declined by 2.89%, marking a sharper drop than the broader energy sector index, which fell by approximately 1.4%. This underperformance occurred in a session marked by rising U.S. Treasury yields and softer-than-expected data on U.S. manufacturing activity. Trading volume in SLB was roughly 20% above its 30-day average, indicating that institutional investors were actively adjusting positions. The decline underscores growing investor caution around near-term demand for oilfield services amid mixed signals on global drilling activity.