Is SLB a good stock to buy? We came across a bullish thesis on SLB N.V. on r/stockpicknews by EaseQuiet529. In this article, we will summarize the bulls’ thesis on SLB. SLB N.V.’s share was trading at $56.56 as of June 2nd. SLB’s trailing and forward P/E were 24.12 and 20.70 respectively according to Yahoo Finance.
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SLB N.V. engages in the provision of technology for the energy industry worldwide. SLB is being positioned by Wall Street as still early in a re-rating cycle driven by structural energy demand trends and its accelerating transition into a technology and AI-enabled energy infrastructure provider.
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Despite near-term volatility driven by geopolitical tensions in the Middle East, which temporarily weighed on sentiment across oilfield services, the company is increasingly viewed as a key beneficiary of a post-conflict normalization phase in which major energy producers such as Saudi Aramco and QatarEnergy are expected to ramp up investment in offshore production, reserve replacement, and next-generation energy technologies.
The core long-term thesis is anchored in SLB’s strategic pivot toward digital infrastructure, highlighted by its multiyear partnership with Nvidia to develop the “Lumi” platform, aimed at delivering industrial-scale generative AI and agentic AI applications tailored for the energy industry. In parallel, SLB is building ruggedized modular data center infrastructure in Louisiana, enabling secure on-site deployment of AI supercomputing capabilities in remote and operationally constrained environments, further embedding its technology within customer workflows.
This combination of software-driven intelligence and hardware-enabled deployment is expected to enhance margins, strengthen recurring revenues, and deepen customer integration over time. Analysts assign a potential fair value of $80 per share over next 12 months, implying approximately 38% upside from recent trading levels, reflecting improving visibility into both cyclical recovery and structural growth.
Looking further ahead, earnings power is expected to accelerate, with EPS projected to reach approximately $3.35 by 2027 as growth compounds toward roughly 8% annually. SLB is being re-rated from a traditional oilfield services company into a hybrid energy-technology platform with expanding AI exposure and a multi-year demand tailwind supporting sustained upside.
Previously, we covered a bullish thesis on Occidental Petroleum Corporation (OXY) by Magnus Ofstad in May 2025, which highlighted low-cost Permian Basin assets, diversified cash flows, and carbon capture optionality. OXY’s stock price has appreciated by approximately 37.29% since our coverage. EaseQuiet529 shares a similar view but emphasizes SLB’s AI-driven transformation and energy-tech infrastructure pivot as the key divergence in drivers and rerating potential.
SLB N.V. is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 74 hedge fund portfolios held SLB at the end of the first quarter which was 73 in the previous quarter. While we acknowledge the risk and potential of SLB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SLB and that has 10,000% upside potential, check out our report about this cheapest AI stock.
Disclosure: None.
