SLB faces Iran conflict challenges but eyes growth in Latin America and tech partnerships

SLB N.V. is currently dealing with significant challenges due to the ongoing conflict in Iran, which is disrupting its regional operations and supply chains. Despite these near-term issues, the company’s growth prospects remain positive, driven by potential exploration shifts to Latin America, expansion in modular data centers, and a strategic partnership with Nvidia. Although SLB expects margin pressures in the fiscal year 2026, its strong financial position, ongoing share buybacks, and a 2.10% dividend yield make it an attractive investment. The analyst maintains a Buy rating with a $61 price target, balancing short-term caution with long-term optimism.