10 Most Profitable Energy Stocks To Invest In

5. Schlumberger (NYSE:SLB)  

TTM Net Income: $4.42 Billion  

5-Year Net Income CAGR: 16.07%  

Number of Hedge Fund Holders: 67  

Schlumberger (NYSE:SLB) is a leading oilfield services company that provides solutions for the exploration and development of oil and gas resources in over 85 countries. The company is a significant player in the geothermal energy sector through its GeothermEx division, which offers a variety of services, from geothermal power generation to geothermal heating and cooling for buildings. Schlumberger (NYSE:SLB) is involved in approximately 80% of the world’s geothermal projects due to its expertise in well construction, digital solutions, and field development.

On June 24, Schlumberger (NYSE:SLB) announced a collaboration with Ormat Technologies (NYSE:ORA), a manufacturer and operator in the geothermal sector. The partnership aims to bring together Schlumberger’s (NYSE:SLB) expertise in reservoir characterization, well construction, and production technologies with Ormat Technologies’ (NYSE:ORA) specialization in geothermal project development, power plant design, and operations to deliver integrated geothermal solutions that minimize project risks, improve economics, and ensure long-term reliability. The partnership covers both traditional geothermal solutions and emerging technologies such as enhanced geothermal systems (EGS) and advanced geothermal solutions (AGS).

Schlumberger (NYSE:SLB) has experienced significant earnings growth. For the twelve months ending June 30, the company’s net income was $4.41 billion, a 12.11% increase year-over-year. Additionally, its net income has compounded at a CAGR of 16.07% over the last 5 years.