SLB was upgraded to Buy by Monte Independent Investment Research, with a price target of $50.74 per share, driven by the company’s potential reengagement in Venezuela. Analysts forecast that redevelopment of Venezuelan oilfields could add up to 100,000 barrels per day of incremental services volume by 2030, supporting multi-year growth for SLB’s oilfield services segment. While material revenue contributions may not emerge until the latter half of the decade, the upgrade underscores investor confidence in SLB’s long-term exposure to one of the world’s largest undeveloped reserves.

SLB’s expansion into digital solutions is expected to deliver durable, recurring revenue streams. The Tela AI assistant has already been adopted by over 50 major operators globally, processing more than 200,000 drilling reports and reducing nonproductive time by up to 15%. In addition, the strategic partnership with Shell for AI development aims to roll out advanced predictive maintenance tools across 1,500 wells over the next three years. These initiatives could contribute up to 10% of SLB’s total revenue by 2028, enhancing margins and diversifying the company’s service portfolio.