15 Best Humanoid Robot Stocks That Will Ride A $30 Trillion Opportunity According To Morgan Stanley

11. Schlumberger Limited (NYSE:SLB)

Number of Hedge Fund Investors  in Q1 2024: 66

Schlumberger Limited (NYSE:SLB) is one of the largest oil and gas exploration and production equipment providers in the world. This provides it with a dual front to benefit from humanoids. On the first front, Schlumberger Limited (NYSE:SLB) can become a humanoid robot manufacturer by leveraging its experience in the oilfield services market to make products specifically suited for the industry. On the second front, it can also use humanoids to augment its product portfolio by using them to provide new services to existing customers. Oil exploration is one of the most dangerous jobs in the world, and currently, Schlumberger Limited (NYSE:SLB) uses robots to inspect oil wells. Additionally, the unsaturated nature of its industry where only a handful of companies operate means that Schlumberger Limited (NYSE:SLB) can gain market by exploiting rivals’ weaknesses. One such development took place in August 2024 when the Financial Times reported that the firm is expanding operations in Russia after rival Haliburton’s exit. Overall, Schlumberger Limited (NYSE:SLB) benefits from its customers’ requirement to build long term partnerships and an industry that is less susceptible to sharp downturns. However, regulatory scrutiny of its operations can prove to be a headwind.

Artisan Partners mentioned Schlumberger Limited (NYSE:SLB) in its Q4 2023 investor letter. Here is what the firm said:

“On the downside in Q4, our two energy holdings, Schlumberger, the world’s largest oil services company, and EOG Resources, a US shale- focused E&P company, were weak along with the broader sector. We have stringent criteria for business quality, which is particularly important in commodities sectors as these businesses do not control the underlying commodity prices, which can be volatile. We expect Schlumberger to continue to successfully navigate market volatility and deliver on its free cash flow and profit margin growth objectives from combination of activity growth and pricing gains. The stock has been among our top contributors since we initiated our position in December 2020.”