SLB Poised to Profit from Post-Hormuz Oil Exploration Boom

SLB, the $70 billion oil services giant, has been quietly thriving in chaotic situations for over a century. Founded by Conrad and Marcel Schlumberger in 1926, the company has grown into the largest oilfield services and energy technology company worldwide.

With its signature blue uniforms, SLB has remained in key locations such as the Middle East and Venezuela, despite the turmoil in these regions. The company is poised to cash in on the growth in oil exploration, particularly in the post-Strait of Hormuz era. As the world focuses on regional energy security, SLB's expertise in digital and AI-driven automation services will be in high demand.

'The thing about SLB is they don't leave,' said James West, head of energy and power at Melius Research. 'They don't leave countries when there's a coup or a change in government or a conflict.'