Jim Cramer on Schlumberger Limited (SLB): ‘Given The Fact That Oil’s Up, I Would Buy The Stock Right Here’

Jim Cramer, a renowned financial analyst and host of CNBC's Mad Money, recently shared his bullish stance on Schlumberger Limited (SLB), the world's largest oilfield services company. In a recent interview, Cramer expressed his confidence in SLB's stock, stating, "Given the fact that oil's up, I would buy the stock right here." This article explores the factors driving Cramer's optimism and the potential of Schlumberger Limited as an investment opportunity.


Schlumberger's revenue and earnings growth have historically aligned with fluctuations in oil prices. As oil prices rise, demand for Schlumberger's services increases, leading to higher revenue and earnings. Conversely, when oil prices decline, Schlumberger's business may suffer. However, Cramer's recent endorsement suggests that he believes the current oil price environment favors Schlumberger.


Beyond oil prices, several key factors drive Schlumberger's stock performance. The company's acquisition of ChampionX in an all-stock transaction and the OneSubsea joint venture with Aker Solutions and Subsea7 have contributed to its long-term growth and profitability. These strategic moves have expanded Schlumberger's product offerings and enhanced its competitive position in the market.

Moreover, Schlumberger's recent contract wins and strategic collaborations play a significant role in its stock price performance. The company has secured several high-profile contracts, such as the North Sea Troll Project and the Bestla Project, demonstrating its strong market position and operational capabilities. Additionally, Schlumberger's long-term strategic collaboration with Equinor further solidifies its position in the industry.


Schlumberger's commitment to sustainable energy production and its technological advancements also impact its fundamentals and stock price. The company is at the forefront of the global shift toward more sustainable energy production, investing in research and development to create innovative solutions for the industry. As demand for sustainable energy grows, Schlumberger's focus on this area positions it well for future success.


Lastly, Schlumberger's upcoming presentations and conferences, such as the J.P. Morgan Energy, Power & Renewables Conference and the RBC Capital Markets Global Energy, Power & Infrastructure Conference, may have an impact on its stock price. These events provide opportunities for the company to showcase its achievements, discuss its strategic vision, and engage with investors. As Schlumberger continues to build momentum, these events could further boost its stock price.

In conclusion, Jim Cramer's endorsement of Schlumberger Limited (SLB) is well-founded, considering the company's strong alignment with oil prices, strategic acquisitions, recent contract wins, and commitment to sustainable energy production. As Schlumberger continues to execute on its growth strategy and adapt to the evolving energy landscape, investors may find it an attractive opportunity.