SLB N.V. (NYSE:SLB) was among Jim Cramer’s stock calls on Mad Money, as he highlighted worthy space players and reviewed several of this year’s IPOs. Cramer mentioned the stock during the episode and said:
Next up, we’ve got a very crucial analyst meeting thrown by SLB, the old Schlumberger, that’s the oil service giant. I want to know if countries and companies recognize that it’s worth stepping up and drilling, the way we see it in Venezuela, the way we see it in the US, the way they see it in Canada. No one knows more about that than SLB. It’ll be another, honest to God, it’ll be another feather in my cap about how we’re going to have a decline in inflation here.
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SLB N.V. (NYSE:SLB) provides technology and services for the energy sector. It offers solutions in field development, hydrocarbon production, carbon management, and energy system integration. The company delivers well-construction, reservoir-evaluation, drilling, and production-optimization technologies. During the February 2 episode, Cramer mentioned the stock while discussing the noteworthy S&P 500 stocks of January. The Mad Money host commented:
At number nine on the list of January’s top performers is SLB. Yeah, that’s the old Schlumberger. It gained 26% last month. Now, the oil service titan [is a] good proxy for the broader energy sector, typically. I’ve been skeptical on all things oil because Trump’s drill baby, drill policy, generally bad news for energy prices. That’s what we saw in 2016. It was the right call last year. But in 2026, we’ve already seen partial regime change in Venezuela and the threat of military action in Iran, so oil prices have firmed up.
Meanwhile, natural gas prices soared in response to the cold snap across most of the country, but they gave up a lot today. I’m honestly not sure how much to trust this energy rally. Today, oil prices fell after some calming Iran talk over the weekend, and nat-gas prices are quickly falling as well. But I will say this: if any energy stock has staying power, it could be SLB. Drill baby, drill may be bad for the oil producers, but it’s great for the oil service industry, right? Because that means you’re going to find more properties to drill. And I’ve guessed SLB could be in Venezuela big for all we know. Very positive outlook when they reported recently.
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.
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