The VanEck Oil Services ETF (OIH) is in a strong bullish trend, trading around $423 per share and making higher highs since its 2020 low. The ETF is rated a Buy with a next resistance target at $597.30, supported by strong earnings from major holdings like SLB, HAL, and BKR. Factors such as geopolitical turmoil, U.S. energy policy, and rising refining margins are boosting demand for oil services, supporting OIH's potential gains. Investors are advised to consider buying on price dips during market risk-off periods to capitalize on attractive entry points despite the overall bullish trend.
S&P Global has completed the sale of its geoscience and petroleum engineering software portfolio to Schlumberger, while continuing to supply proprietary energy data through these tools. This move allows S&P Global Energy to concentrate on delivering ...
SLB N.V. has been downgraded from a buy to a hold rating because its current stock price already reflects much of the anticipated upside. Despite challenges in the Middle East, SLB's Q2 2026 results beat expectations, driven by strong growth in its D...
SLB continues to be a strong growth stock by expanding beyond traditional oilfield services into digital, subsea, and data center markets. Recent acquisitions have diversified its revenue, reducing dependence on new-well drilling and increasing recur...
