Jim Cramer is Talking About These 14 Stocks Before Earnings

11. Schlumberger Limited (NYSE:SLB)

Number of Hedge Fund Holders: 67

Cramer has recently expressed disappointment that the stock has not gone up as much as he would have expected but also called it “the best of breed”. He discussed Schlumberger Limited’s (NYSE:SLB) performance in the context of the anticipated lowering of oil prices. He said:

“SLB reports, and the old Schlumberger just hasn’t been able to catch fire despite the bounce in oil for the last two weeks. Sure, it’s up a high single digits on a percentage basis, but a number of oil service companies had a tough time because the Saudis keep saying that oil prices could be low for long and you don’t want to go against the Saudis.”

Schlumberger (NYSE:SLB) specializes in areas such as carbon management and the integration of energy systems, addressing various aspects of the energy landscape. The company’s operations include reservoir interpretation, well construction services, and evaluations of subsurface geology, all vital components for optimizing exploration and production activities.

On September 30, Schlumberger (NYSE:SLB) announced the establishment of Turnwell Industries LLC OPC, a joint venture formed in collaboration with ADNOC Drilling Company and Patterson-UTI. The partnership plans to use advanced innovations in artificial intelligence, smart drilling design, and sophisticated completions engineering, with the goal of expediting the United Arab Emirates initiatives in unconventional oil and gas development. The venture targets the completion of an initial 144 wells by the end of 2025.

Within this structure, ADNOC Drilling will maintain a 55% majority stake, while Schlumberger will hold 30%, and Patterson-UTI will possess the remaining 15%. The company will provide various integrated services, including drilling, stimulation, and completion solutions, as well as project management and digital capabilities to ensure the venture’s success.