Energy services sector downgraded at Barclays amid bearish oil macro setting

Barclays downgrades the energy services sector to Neutral, impacting spending and sentiment for 2025, while adjusting ratings for Halliburton, Oceaneering, and Valaris.

US lawmakers question oil service company's SLB's exception to Russian sanctions

U.S. lawmakers call for tougher sanctions on Russian oil, criticizing SLB's operations in Russia amid ongoing conflict and urging the Biden administration to restrict Putin's profits.

Earnings call: SLB reports steady Q3 performance, digital growth

SLB's Q3 earnings report showed steady revenue of $9.2 billion, a high EBITDA margin of 25.6%, and a commitment to return over $4 billion to shareholders by 2025.

Dow and S&P end at fresh record highs, lifted by Netflix earnings and tech stocks

Wall Street indexes achieved record highs driven by Netflix's earnings, supported by strong tech stocks, while concerns of overvaluation and election volatility loom.

US energy companies' shares gain as Middle East crisis sparks supply fears

Analysis-US oilfield firms slash prices as mega-mergers shrink customer base

Mega-mergers in the oil industry are forcing service companies to cut prices or merge, leading to bankruptcies and reduced rig counts amidst a highly competitive market.