What is the relationship between SLB stock and oil prices?

SLB stock is closely tied to oil prices, as lower oil prices reduce demand for the oilfield services the company provides.

Were other energy stocks affected by this decline?

Yes, the same factors are likely to affect other energy stocks such as Exxon Mobil and Chevron.

SLB Stock Falls 3% as Oil Hits Lowest Since Iran War Start

Shares of Schlumberger (SLB) fell 3% in afternoon trading after crude oil dropped to its lowest level since the Iran war began, as tankers resumed transit through the Strait of Hormuz and the US and Iran signaled progress toward ending the conflict.

June 25, 2026

2 min read

Source: StockStory

Key Numbers

stock decline

crude oil lowest

lowest since start of Iran war

Shares of oilfield services provider SLB (NYSE:SLB) fell 3% in the afternoon session after crude oil dropped to its lowest level since the start of the Iran war, as tankers resumed transit through the Strait of Hormuz and the U.S. and Iran signaled progress toward ending the conflict.

Reasons for the Move

The decline in SLB stock is primarily due to the drop in crude oil prices, as oilfield services companies like Schlumberger are directly impacted by lower demand for drilling and exploration services. The resumption of tanker traffic through the Strait of Hormuz eases supply disruption fears, putting downward pressure on prices.

Broader Context

While SLB fell 3%, its performance over the past week may vary depending on geopolitical developments. Other energy stocks, such as Exxon Mobil (XOM) and Chevron (CVX), could see similar moves.

Similar Moves in the Sector

The same factors are likely to affect other energy stocks, especially those tied to oilfield services like ConocoPhillips (COP) and Phillips 66 (PSX).

Frequently Asked Questions

SLB stock fell 3% due to crude oil dropping to its lowest level since the start of the Iran war, as tankers resumed transit through the Strait of Hormuz and US-Iran talks progressed.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.