Schlumberger share price climbs despite lower trading volume

Schlumberger (NYSE:) Ltd., a global leader in oilfield services, saw its shares rise by 1.33% to $60.24 on Tuesday amid a volatile market. This marked the company’s third consecutive day of gains, bringing it $1.88 short of its annual high recorded in September 2023.

Despite the minor fluctuations in the broader market, with the Dow Jones rising by 0.04% and the falling by 0.01%, Schlumberger managed to sustain its upward trajectory. However, compared to its industry competitors such as Baker Hughes Co., Halliburton (NYSE:) Co., and NOV Inc., respectively, Schlumberger’s performance showed mixed results.

On the trading front, Schlumberger’s trading volume reached 6.5 million shares on Tuesday, falling significantly short of its average volume by 1.2 million shares.

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