SLB shares surged following the company's third-quarter 2026 earnings report, which exceeded expectations with revenue of $9.45 billion and non-GAAP earnings of $0.64 per share. The stock benefited from broad-based growth across its segments, particularly as business in the Middle East showed signs of recovery and the company's data center business surged 76% year over year. This positive momentum was further supported by a 4% jump in crude oil prices, which helped drive a wider rally across the oilfield services sector, including gains for peers like Halliburton and Baker Hughes.