SLB shares are trading higher after the company announced the joining of forces with ADNOC Drilling and Patterson-UTI to accelerate the UAE's unconventional oil program.
Portfolio Pulse from Benzinga Newsdesk
SLB shares rise as the company partners with ADNOC Drilling and Patterson-UTI to boost the UAE's unconventional oil program.
October 01, 2024 | 4:30 pm
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SLB shares are trading higher following the announcement of a partnership with ADNOC Drilling and Patterson-UTI to advance the UAE's unconventional oil program.
The partnership is likely to enhance SLB's market position in the oil industry, particularly in the UAE, leading to increased investor confidence and a positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100