Slb CEO Olivier Le Peuch sells $1.33M of company shares

SLB CEO Olivier Le Peuch sold shares worth about $1.33 million on October 27, 2026. He traded 25,000 shares at $53.17 each. The sales followed a pre-established Rule 10b5-1 plan. SLB shares have risen 53.55% year-to-date, trading close to $53.75. Post-sale, Le Peuch retains 1,271,328 shares. SLB's market cap is $79.3 billion, slightly above its InvestingPro Fair Value estimate, placing it in an overvalued sector.

SLB's third-quarter 2026 earnings and revenue exceeded expectations, beating forecasts. Freedom Broker rated SLB Hold, Piper Sandler raised its price target to $65, UBS lowered it to $70, and TD Cowen maintained a Buy with a $64 target. SLB is supported by growth in Latin America and deepwater offshore activities, reflecting positive industry trends.