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SLB Schlumberger Ltd

44.80
1.17 (2.68%)
19 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Schlumberger Ltd NYSE:SLB NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  1.17 2.68% 44.80 45.185 43.81 44.27 13,068,909 01:00:00

US Energy Sector Rises As Oil Pushes Above $53/Barrel

04/05/2009 6:11pm

Dow Jones News


Schlumberger (NYSE:SLB)
Historical Stock Chart


From Jun 2019 to Jun 2024

Click Here for more Schlumberger Charts.

By Steve Gelsi

U.S. energy stocks rose in early action Monday as oil prices pushed above $53 a barrel on hopes of an economic recovery.

In the broad market, shares took flight on a rise in manufacturing activity in China, as well as a rise in U.S. construction spending and a 3.2% jump in pending home sales.

The Amex Oil Index (XOI) advanced 1.9% to 923. Component Valero Energy Corp. (VLO) climbed 3% to $21.27.

The Amex Natural Gas Index (XNG) added 3.5% to 471, with component Chesapeake Energy (CHK) up 3.8% to $21.68 ahead of its earnings update due out after the closing bell. Analysts expect the natural gas producer to earn 50 cents a share, according to a survey by FactSet Research.

The Philadelphia Oil Service Index (OSXX) rose 4.5% to 163, with component Halliburton (HAL) gaining 5% to $21.94.

Crude futures rose 31 cents to $53.70.

Among stocks in positive territory, Schlumberger (SLB) rose 5.3% to $53.35. The global oil services giant drew a positive mention in a Barron's article, which noted the company's stock could rise 20% to 25% in the next two years.

Marathon Oil (MRO) drew a downgrade to neutral from outperform at Credit Suisse. Shares dipped 6 cents to $30.78.

The Dow Jones Industrial Average (DJI) rose 148 points to 8,359. Component Exxon Mobil (XOM) rose 9 cents to $68.10. Chevron (CVX) rose 39 cents, or 0.6%, to $67.26.

-Steve Gelsi; 415-439-6400; AskNewswires@dowjones.com

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1 Year Schlumberger Chart

1 Year Schlumberger Chart

1 Month Schlumberger Chart

1 Month Schlumberger Chart