10 Best Long-Term Investments for Kids

8. SLB N.V. (NYSE:SLB)

Total Return (5Y): 73.61%

SLB N.V. (NYSE:SLB) stands among the best long-term investments.

TheFly reported on December 18 that Piper Sandler analyst Derek Podhaizer maintained an Overweight rating on SLB and raised the price target to $45 from $42. This $3 increase reflects confidence in SLB’s international margin expansion and its ability to capture high-growth opportunities in the Middle East, such as the aforementioned Aramco contract.

On December 23, SLB N.V. (NYSE:SLB) announced it had been awarded a significant five-year contract by Aramco to provide stimulation services for Saudi Arabia’s unconventional gas development program. This agreement is part of a broader multi-billion-dollar initiative by Aramco aimed at increasing domestic gas production and diversifying the Kingdom’s energy mix.

Under the terms of the deal, SLB will deploy its advanced stimulation, well intervention, and frac automation technologies. Steve Gassen, SLB’s Executive Vice President of Digital & Integration, noted that the collaboration aims to redefine operational performance in unconventional resource development, leveraging SLB’s digital solutions to accelerate production efficiency.

SLB N.V. (NYSE:SLB) is a leading energy technology and oilfield services company headquartered in Houston, Texas, and originally founded in 1926 as Schlumberger. It provides a broad range of technology, products, and services to the global energy industry, serving customers in more than 100 countries.