Schlumberger ($SLB) podcast mentions
Timestamped Schlumberger ($SLB) mentions across our podcast corpus.
It's not just traditional tech that benefits from the AI data center boom. All sorts of classic cyclicals have worked their way into the food chain, like Caterpillar, Cummins for power generators. Port for battery storage. But it goes beyond the industrials. Take SLB, the oilfield services colossus falling into a slumber. A couple of years ago, they started making modular infrastructure solutions for the data center. I guess if you can build oil wells in the middle of nowhere, it's not that much of a stretch to help put up these warehouses full of servers. The business— this business has been growing pretty fast and it's about to get bigger because last month SLB announced a $4 billion acquisition. They're buying Calvion. That's a heat management company. Don't worry, we'll explain that. Keeps data centers cool. Consider me intrigued.
Jim Cramer · Mad Money w/ Jim Cramer · Mad Money w/ Jim Cramer 10/2/26 · 2026-10-02So let's take a closer look with Amy Chua. She's the senior vice president of data centers for SLB. To learn more, Ms. Chua, welcome to Mad Money.
Jim Cramer · Mad Money w/ Jim Cramer · Mad Money w/ Jim Cramer 10/2/26 · 2026-10-02Of course. I'm so glad you're on the show. First of all, maybe you can give us a little background of, of SLB's data center business, by the way, of the fact that you started out with modular infrastructure so people understand how you got into this at all.
Jim Cramer · Mad Money w/ Jim Cramer · Mad Money w/ Jim Cramer 10/2/26 · 2026-10-02Yeah, we believe so. You know, we've— we are gaining quite a lot of traction with our customers. They like— and then I would like to share a story with you. I think, you know, It's amazing. I was with a hyperscale client just a couple of months ago, and he told me that he doesn't need SLB to be another data center infrastructure supplier. He wants us to be leaning into our 100 years of oil and gas experience. Like, how do we bring the practices, the solutions into making it simpler, safer, quicker, in our modular design and how we can compress timelines and really bring the efficiencies of the build for their multi-gigawatt growth.
Amy Chua · Mad Money w/ Jim Cramer · Mad Money w/ Jim Cramer 10/2/26 · 2026-10-02So let me ask you, your CEO knows I am a huge believer in your company and have been. I mean, I applied to your company. I know I got rejected 4 years ago. It's okay. But I do want to ask you, do these companies, customers like— let's say you're in the Permian. I mean, everyone trusts SLB. Do they say, hey, listen, I've heard about this division you have and we're trying to put up a data center quickly and time to tokens, everything. Can you help us? Is that starting to happen?
Jim Cramer · Mad Money w/ Jim Cramer · Mad Money w/ Jim Cramer 10/2/26 · 2026-10-02Okay. Well, that makes a ton of sense. And I'm glad— I mean, look, I think SLB alone is a terrific company. I love what you're doing. We've seen it happen with CAT. We did see it with Cummins. We, we see it with Eaton. These are just great American companies that have reinvented themselves. And you are right in that same zone. That's Amy Chua, senior vice president of data centers at SLB. Thank you, Amy. Glad you came on.
Jim Cramer · Mad Money w/ Jim Cramer · Mad Money w/ Jim Cramer 10/2/26 · 2026-10-02And today, most of the oil in the world belongs to sovereign oil companies. And America was left without a great copper champion. And when I was younger, during, say, the Clinton era, we started embracing China. I was very early into China. I first went into China in the early 1980s. George Shultz introduced me to China. I was in fact the first American to go mining in China, in Western China, in Xinjiang. And, you know, I watched the incredible rise of the Chinese people. No one has uplifted their economy that far, that fast in human history. And we thought by bringing China into the WTO, we were going to turn the Chinese into Americans. All the girls wanted Manolo Blahnik shoes and Birkin bags. All the guys wanted Porsches. And they did an incredible job of uplifting their society. But things haven't worked out exactly as we thought between our respective societies. Now, most of the mining fell to junior mining companies listed in Australia or Canada. For decades. These companies were registered in Canada like ships are registered in Liberia. Legislation was friendlier up there for the risks with mining. Thousands of these little juniors would go around looking for mining and the big mining companies became more and more brain dead. They became like giant donut-shaped law firms with mediocre operating companies in the middle. For example, Exxon doesn't really drill for oil today. It's a big law firm. But they hire people like Schlumberger or Baker Hughes to do their work and they just sort of move on. And if you look at the food chain, when I was young, I grew up in the 1950s, the United States government made a little pyramid, food pyramid for us, and it said you're supposed to drink 4 glasses of cow's milk every day and a certain amount of milk and cheese and eggs and ham. And at the top of that food pyramid, was steak, meat. And when I was in school, you know, we were given that food pyramid. And when I was a kid, you know, I'm remembering this vividly at the age of 8, they made us get under the desk to practice for nuclear war in the event of a nuclear bomb. And I was the kid that told my teacher, this is crazy.
Robert Friedland · Odd Lots · Robert Friedland on the World's Monumental Shortage of Copper · 2026-09-12This is Brent from New Jersey. Thanks for all that you do. I'm calling in about ticker symbol SLB. I am interested in buying it, and I just want to know if you guys think this is a good buy, uh, or if I should wait a little longer, be looking for a different price target. Again, thanks for all that you do. Have a good one. Bye-bye.
Speaker C · InvestTalk · How to Invest in AI Infrastructure: Who Really Wins When Big Tech Goes All-In · 2026-09-02SLB. Is SLB Limited. It is an $89 billion market cap company. It is the world's largest, uh, oil field services company. It used to be, uh, Schlumberger Limited. Where did they actually change their name? That's interesting. Let's take a look. Anyway, they changed their name recently. Um, it is doing pretty well this year. Year to date, it's up 48.91%, up 55.13% over the past 52 weeks. They've seen some pretty solid revenue growth over the past 5 years, 8.6% on an annualized basis going back the past 5 years. They only got $10 billion in debt, and the return on equity is pretty solid, about 14.3% relative to the rest of their competitors. Their enterprise value to EBITDA is kind of middle of the range, actually on the upper end of the range. Forward-looking price to earnings as well, really the highest amongst the large-cap competitors within this space. Now, they reported earnings in the middle towards the end of July, actually July 24th. How'd they do? Revenue beat consensus estimates, up 3%. Quarter over quarter, 5% year over year. Adjusted earnings per share beat by, looks like about 6%. Net income was up 22% year over year. For them, looks like the primary drag that slowed down growth a little bit was geopolitical disruptions out of the Middle East, right? Iraq remained under force majeure. And so that obviously hurts a company like this whose sole source of revenue and whose real business is servicing oil fields. But couple that with the fact that they did have a good quarter, they are having a good year. Yes, the headline year-over-year numbers are a little bit softer than expected, or rather a little bit softer than they were last year. But in spite of everything, having a genuine beat on both revenue and earnings per share against some pretty depressed expectations. Decent. They also had free cash flow improvement. Now free cash flow is projected to come in softer than last year, but still improvement quarterly. I don't know, for me, when you have a company that beats expectations like this, it's, uh, and I don't even mean expectations like the consensus, I mean based upon some really, really rough headwinds, uh, that's certainly a reason to want to include it in your portfolio. That being said, it is a little bit expensive.
Luke Guerrero · InvestTalk · How to Invest in AI Infrastructure: Who Really Wins When Big Tech Goes All-In · 2026-09-02The reason being, it's— well, it's run up a bit, and it ran up, uh, it's kind of has continued to run post-earnings. So at some point, I mean, it did, it did have a fall about 4.9% today as you did see some tensions starting to rise again in the Middle East, but still trading at the upper end of its 5-year range. So for me, I'd keep this on my watch list for now, but it's a good solid company. We like it. We used to own it for clients. Bit expensive, still a solid, solid performer. That is SLB, used to be Schlumberger. Thanks for the call. We got a great show for you today. But before we move forward, I want to talk a little bit about yesterday. On yesterday's show, we talked about Alibaba's $10 billion AI bets and what that investment meant about the global AI race. We also answered a listener question on a favorite of ours and favorite of yours as well, because we get questions on it all the time. That's ticker CCJ, Kumiko Corp. If you happen to miss yesterday's episode, I encourage you to check it out. Remember, the best way to never miss an episode of Invest Talk is to subscribe wherever you get your podcasts. All right, on to today, a new month. My main focus point, how to invest in AI infrastructure. Who really wins when big tech goes all in. This week's earnings season delivered a clear message. The AI infrastructure buildout is not a zero-sum game, and the capital being deployed is staggering. But with Meta already planning an AI-driven layoffs and SoftBank seeking another $1 billion— or sorry, $10 billion loan just for OpenAI's exposure, investors need to think hard about where the real returns will flow. Also, we're going to talk a little bit about Congress punting the health insurance cliff to December 11th, what that means for your costs. Let's talk about Japan. We saw bond yields touching 3% yesterday for the first time in a really long time. And should we have time at the end of the show, we'll talk about the corporate bond market and how there's a lot of money that needs to be refinanced into what is the worst stretch for Treasuries since the mid-2000s.
Luke Guerrero · InvestTalk · How to Invest in AI Infrastructure: Who Really Wins When Big Tech Goes All-In · 2026-09-02Yes, Jim. Interesting enough that SLB is going up, but that could be going up because people are underestimating how much oil is going out. I mean, When you see Chevron back at 204, that reminds me that you have to be very careful that we're going to take out records that were from previous days, as a matter of fact, because it's almost as if people are saying, you know what, this kind of— this selective bombing is going to end any sort of talks and takes away from the—
Jim Cramer · Squawk on the Street · 9AM HOUR: Bessent and Warsh at G20, Oil Spikes, Tim Cook's Last Day As Apple CEO 8/31/26 · 2026-08-31Last night, Venezuela's oil minister Paula Henao spoke to Venezuelan state television from Houston, Texas. She's telling Venezuelans about new deals with U.S. energy companies SLB and Hunt Oil.
Elizabeth Troval · Marketplace · Let's import some inflation · 2026-08-19Esta última la firmamos con la empresa SLB, antigua Schlumberger.
Kai Ryssdal · Marketplace · Let's import some inflation · 2026-08-19Yeah, this was more fun coming on your show when there were all kinds of bargains that were sitting in plain view. And a year ago, a lot of companies that we like were trading at half of what we thought their value was. And that's just not true anymore. You know, things like Madison Square Garden Sports that owns the Knicks, we thought were trading at half the value of the teams. The stock is double. A lot of the auto suppliers that we were so excited about, BorgWarner, Infinia, the stocks are up 50%, 75%. Even oil and gas, which had been so out of favor a year ago. Our favorites, Apache and Chevron and Schlumberger, have all essentially double. So we're just not finding those same opportunities. And what really has changed is sentiment. Sentiment was very cautious a year ago, people concerned about banks and concerned about financials. And now it seems like that concern, which is always healthy for people to be concerned, has gone away. And last point is that what's making this one different is that we're funding these capex with debt. Tech stocks were famous for using equity to fund themselves and they were not taking on lots of debt. And now we are getting all these CapEx funded with debt. We're getting at the same time as the US government is going to hit $40 trillion in debt. And so that has historically not been good. Right.
Charlie Bobrinskoy · Squawk on the Street · 10AM Hour: S&P 500 & Dow Hit New Highs, Early SpaceX Investor Peter Diamandis, Match Group CEO 8/5/26 · 2026-08-05My days of flying down to Caracas are over. Okay, I'm an old man now. But there are a few groups, one of them U.S.-connected, uh, actually with good connections to the Trump family, that are on the smaller side that are going into Venezuela. A different way to play Venezuela would be simply to buy Schlumberger, Halliburton, and RIG, the big 3 oil service companies. Uh, and this isn't just a Venezuela play, right? The whole world, uh, is going to have to resume new project investing and deferred sustaining capital investing. And the large— the largest of the U.S. oil field services companies, while they might not be the best stock performers, offer the best juxtaposition between risk and reward in the space. And Venezuela is— I mean, Venezuela is going to have to spend minimally, I would say, $100 billion before they go to work on the Orinoco oil sands, if they ever do. If they go to work on the Orinoco oil sands, which is the biggest undeveloped crude oil deposit on the planet, that number is going to be dwarfed. And the contractors, uh, are almost certainly going to be American and Canadian.
Rick Rule · Thoughtful Money with Adam Taggart · Rick Rule: Oil Is Going Higher In Coming Years, Making Oil Stocks CHEAP Right Now · 2026-07-23