Schlumberger, despite experiencing challenging times as noted by financial analyst
Jim Cramer, maintains a strong long-term outlook. The company has attracted investor attention due to its trending status and consistent
buy ratings from multiple financial institutions including
Rothschild & Co Redburn,
Stifel and
RBC Capital. Even though Schlumberger witnessed a slight fall after its
Q2 results, it still holds significant upside potential according to numerous analysts.
Bank of America and
UBS have maintained their buy ratings but lowered the price target on the company. Its initiative in shifting heavily into
digital technology and data center systems offsets the effects of falling oil prices. Furthermore, Schlumberger's partnerships with
AIQ for subsurface operations and
Petrobras for technology and completion services evidence its pursuit of innovation. Its
acquisition of RESMAN Energy Technology and
Stimline Digital demonstrate strategic expansion. Lastly, Schlumberger's
commitment to net-zero by 2050, agreements with
AVEVA and
LafargeHolcim for sustainable solutions, and efforts to eliminate methane emissions highlight its dedication to sustainability and environmental responsibility.
Schlumberger Limited SLB News Analytics from Tue, 01 Sep 2020 07:00:00 GMT to Fri, 06 Mar 2026 19:31:00 GMT -
Rating 5
- Innovation 7
- Information 8
- Rumor 5
