8 Stocks on Jim Cramer’s Radar

5. Schlumberger Limited (NYSE:SLB)

Number of Hedge Fund Holders: 65

Cramer has been a fan of Schlumberger Limited (NYSE:SLB) for a while and often sings praises of the company. During the episode, he remarked:

“Oil giant SLB was in third place, up almost 13%, after reporting a terrific quarter on Friday that nobody was looking for.”

Schlumberger (NYSE:SLB), a prominent player in carbon management and energy systems integration, focuses on addressing various facets of the global energy landscape. The company recently reported its full-year and fourth-quarter results for 2024, surpassing Wall Street’s consensus expectations. It finished the year with strong earnings and free cash flow, achieving growth in earnings both sequentially and year over year, while maintaining high margins for the cycle.

For the full year of 2024, Schlumberger (NYSE:SLB) reported a GAAP EPS of $3.11, which exceeded analyst projections and represented a 7% increase compared to the previous year. Revenue reached $36.29 billion, surpassing estimates and showing a 10% year-over-year increase.

Additionally, during the fourth quarter of 2023, the company acquired Aker subsea business as part of its OneSubsea joint venture, which contributed $1.93 billion in revenue for the full year of 2024 and $484 million in revenue for the fourth quarter of 2023.