Reported about 19 hours ago
J.P. Morgan has reiterated a Buy rating for Schlumberger Limited (SLB), maintaining a price target of $44. Analyst Arun Jayaram highlighted the company's operational stability despite challenges in well construction, expecting flat revenue and margins in 2025. Schlumberger is also expanding into digital and low-carbon solutions, which should drive growth in non-oil and gas sectors. The company is projected to generate approximately $4 billion in free cash flow in 2025, allowing for significant returns to shareholders through dividends and buybacks.
Source: YAHOO