Schlumberger NV is trading 4% down at $53.92 as Brent crude prices tumbled more than 4% following news of a tentative U.S.-Iran peace deal and the reopening of the Strait of Hormuz.
- The stock is underperforming a broadly higher equity market currently driven by tech gains and a general shift toward risk-on sentiment.
- Selling pressure on oilfield services and energy-related shares persists despite recent strength following solid Q1 2026 earnings and ongoing ChampionX integration benefits.