SLB (SLB) Stock Rallies While Q3 Results Expose Margin Squeeze

SLB just dropped its Q3 2026 scorecard and traders hit the buy button. The stock jumped 7.1% on Friday to about US$53, a sharp move for an oilfield services heavyweight. The mood on the screen says euphoria. The numbers tell a tighter story. Revenue landed around US$9.5b with adjusted earnings per share of US$0.64, while trailing net profit margin sits near 8.4% compared with 10.3% a year earlier. This is a margin reckoning, not a simple victory lap. The price action looks more excited about...