Jim Cramer included SLB N.V. (NYSE:SLB) in his game plan for this week. He expressed caution before the company's upcoming report.
"Lots of people have been loving SLB of late, that’s the old Schlumberger. They’re seeing potential contracts in Venezuela for this oil service company. But I just looked at the price of crude, though, below $60 a barrel. I think that it’s very hard for SLB to deliver special numbers when it reports on Friday," Cramer remarked.
SLB N.V. provides technology and services for the energy sector. The company offers solutions in field development, hydrocarbon production, carbon management, and energy system integration. It delivers well construction, reservoir evaluation, drilling, and production optimization technologies.
Ariel Investments commented on SLB N.V. in its third quarter 2025 investor letter.
"Lastly, SLB N.V. (NYSE:SLB) traded lower during the quarter, pressured by a challenging macroeconomic environment. OPEC+ supply increases and heightened geopolitical uncertainty weighed on oil prices, dampening upstream investment activity. Revenue softness and margin pressure in the Reservoir Performance and Well Construction segments impacted results, despite solid contributions from Digital and Production Systems services," the letter stated.
"Looking ahead, we see medium-term tailwinds as national oil companies accelerate investment in long-cycle projects to offset expected production declines. With unmatched scale, broad technical capabilities, and strong exposure to resilient international markets, we believe SLB remains the best-positioned oilfield services provider to meet rising global energy demand," Ariel Investments added.