Slb chief legal officer sells $1.12M in company stock

Dianne B. Ralston, Chief Legal Officer and Secretary at Schlumberger Ltd. (NYSE:SLB), disclosed the sale of 20,986 shares of company common stock worth $1,124,220 on October 30, 2026. At the time of the transaction, each share was priced at $53.57. After the sale, Ralston's beneficial ownership of SLB common stock amounted to 205,053 shares.

Schlumberger reported robust third-quarter 2026 earnings and revenue surpassing market expectations. The company achieved adjusted earnings of $0.64 per share, outperforming the estimated $0.62, while revenue reached $9.45 billion, exceeding the forecasted $9.27 billion. This strong performance was driven by growth across core divisions and improved margins.

Analysts responded positively to the earnings results. Piper Sandler raised its price target for SLB shares to $65, while Freedom Broker upgraded the stock rating from Sell to Hold. UBS reduced its price target to $70, citing valuation concerns in the oilfield services sector, yet retained a Buy rating. TD Cowen maintained a Buy rating and kept its $64 price target, highlighting the company's outperformance relative to other large-cap oilfield services firms.

These mixed yet generally favorable analyst reactions reflect a generally optimistic outlook on Schlumberger's performance and future prospects.