8 Most Profitable Oil Stocks To Invest In

3. Schlumberger Limited (NYSE:SLB)

Number of Hedge Funds Holders: 65

5-Year Net Income CAGR: 39.37%

TTM Net Income: $4.48 Billion

Schlumberger Limited (NYSE:SLB) is the world’s largest oilfield services company. The company is a key player in the crude oil industry, delivering drilling, exploration, and production solutions to major clients, including Aramco, ExxonMobil, and Chevron. The company operates through four segments including, digital and integration, reservoir performance, well construction, and production systems.

The demand for Schlumberger Limited’s (NYSE:SLB) digital products and services continues to increase in the Middle East and Asia, driven by oil capacity expansions, strong gas activity, and offshore projects. The revenue growth remains solid in Europe and Africa, mainly due to strong production and recovery activity in North Africa.

The company’s digital and integration segment is making a massive stride, which adds great support to revenue growth. In Q3, the segment achieved a new quarterly revenue high and improved profitability, increasing the company’s pretax segment operating margin to 36%. Schlumberger Limited (NYSE:SLB) is focused on its digital services and continues to enhance its portfolio with improved offerings. The company is working in collaboration with NVIDIA and AWS to strengthen its digital portfolio, in addition to the release of the Lumi AI platform.

With the Trump administration back, the U.S. energy sector could potentially improve for oil companies and Schlumberger is well-positioned to benefit from that.