Schlumberger Shifts The Tone To Digital And Enhanced Oil Recovery

I reiterate my buy rating on Schlumberger with a $40.80 price target, citing relative undervaluation versus peers despite macro uncertainty. The ChampionX acquisition expands SLB's US presence in chemicals and digital capabilities, offering synergy potential and positioning for enhanced oil recovery trends. Segment performance is mixed, with Well Construction and Reservoir Performance lagging, but Digital & Integration and Production Systems supporting growth.