Why SLB Stock Surged This Past Week

SLB stock climbed 11% after reporting higher-than-expected earnings of $0.55 per share versus estimates of $0.52. The oilfield services company is benefiting from increased demand for energy security driven by Middle East conflicts, while also expanding into AI infrastructure services with data center revenue surging 80% and on pace to reach $1 billion annualized run rate by end of 2026.