10 Oil Stocks with Biggest Upside Potential According to Analysts

5. Schlumberger Limited (NYSE:SLB)

Upside Potential: 31.04%

Number of Hedge Fund Holders: 65

Schlumberger Limited (NYSE:SLB) is the world’s largest oilfield services company. The company delivers cutting-edge technology and expertise to oil and gas operators worldwide. It plays a critical role in the crude oil industry, offering drilling, exploration, and production solutions to major clients, including ExxonMobil and Chevron.

On November 12, Schlumberger Limited (NYSE:SLB) introduced Stream, a high-speed intelligent telemetry system designed to enhance drilling performance and reliability in complex wells. Stream integrates proprietary artificial intelligence (AI) algorithms with SLB’s TruLink definitive dynamic survey-while-drilling service.

The introduction of Stream represents a significant advancement in drilling technology. By combining AI and advanced telemetry, Stream empowers operators to drill complex wells with greater precision and confidence, enabling more informed decision-making and improved outcomes.

In the third quarter, Schlumberger Limited (NYSE:SLB) posted a 10% year-over-year revenue increase, reaching $9.16 billion. This growth was driven by a 31% year-over-year surge in revenue from its Production Systems segment to $3.1 billion and an 11% year-over-year rise in digital and integration revenue, supported by the adoption of AI-driven tools and digital solutions. Regional growth was led by Europe & Africa and the Middle East & Asia, each recording a 16% year-over-year increase, while North America experienced a more modest 3% growth.

Schlumberger Limited (NYSE:SLB) is committed to improving crude oil extraction efficiency while minimizing environmental impacts. The company continues to expand its service offerings and leverage digital technologies to optimize resource management. Recently, Schlumberger Limited (NYSE:SLB) has strengthened its digital portfolio by launching the Lumi AI platform and forming strategic partnerships with NVIDIA, AWS, and Aramco.