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4. Schlumberger Limited (NYSE:SLB

Number of Hedge Fund Holders: 65

Schlumberger Limited (NYSE:SLB) is the world’s largest oilfield services company, delivering advanced technology and expertise to oil and gas operators worldwide. The company plays a crucial role in the industry by providing drilling, exploration, and production solutions to major clients, including ExxonMobil and Chevron.

Schlumberger Limited (NYSE:SLB) is collaborating with next-generation companies to scale up technologies and make them accessible to its network of clients and customers. The company is partnering with ILiAD to scale up direct lithium extraction (DLE) technology. This technology has a significantly smaller physical footprint, reduced carbon emissions, and lower water usage compared to traditional lithium extraction methods.

In Q3, Schlumberger Limited (NYSE:SLB) reported a 10% year-over-year revenue increase, reaching $9.16 billion. This growth was driven by a 31% year-over-year revenue surge in its Production Systems segment to $3.1 billion and an 11% year-over-year rise in digital and integration revenue, fueled by the adoption of AI-powered tools and digital solutions. Regional growth was led by Europe & Africa and the Middle East & Asia, both recording 16% year-over-year revenue increases, while North America experienced modest growth of 3% year-over-year.