10 Best Oil and Gas Stocks to Buy Now

7. Schlumberger Limited (NYSE:SLB)

Number of Hedge Fund Holders: 68

Schlumberger Limited (NYSE:SLB) is one of the 10 best oil and gas stocks to buy now. On April 28, Stifel analysts lowered the price target for Schlumberger Limited (NYSE:SLB) from $58 to $54 but kept a “Buy” rating.

The firm highlighted the company’s solid performance in the first quarter of 2025 and a positive financial outlook for the year.

Stifel analysts also noted that Schlumberger Limited’s (NYSE:SLB) ability to generate strong free cash flow and commitment to returning value to shareholders are key factors supporting the positive stance. The company has pledged to return a minimum of $4 billion to its shareholders in 2025 through dividends and share repurchases.

Despite the economic uncertainties, Stifel analysts expect Schlumberger Limited’s (NYSE:SLB) margins to remain strong. This stance is supported by the company’s growing Digital business, the strength seen in its Production Systems, and the cost-cutting measures that have been implemented.

Schlumberger Limited (NYSE:SLB) is a global oilfield services company. With a presence in more than 100 countries, the company offers technology, information solutions, and integrated project management services that optimize reservoir performance.