
NYSE:SLB
This summary was created by AI, based on 6 opinions in the last 12 months.
Schlumberger Ltd. has garnered positive reviews from various experts who commend its strong technology in enhancing oil and gas performance and its notable digital services, contributing to higher margins despite constituting only 7% of the business. The company enjoys a robust recurring revenue stream of $1 billion, which instills confidence in its fundamentals. While there have been recent impressive performance indicators, such as a 26% rise in January and new contracts from Venezuela, there are concerns about the volatility in oil prices, particularly with prices fluctuating below $60. Experts note an ongoing under-investment in the oil sector that needs urgent addressing in the next five years, positioning Schlumberger favorably to benefit from potential opportunities, especially in regions like Venezuela. Overall, experts view it as a long-term hold with strong global reach and potential for growth amidst current market challenges.
She added more recently. She keeps buying it on sloppy days. Impressed with their digital initiatives which gives them pricing power. Their international revenues are rising.