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StocksMedium•13 February 2026•

1 min read

SLB Secures Major Middle East Contracts as Stock Remains Significantly Undervalued

A man in a suit over a stock chart with 'Mondelez International' text, surrounded by chocolate, cocoa beans, factories, and shops.

SLB, formerly known as Schlumberger, has secured a landmark $1.5 billion contract with the Kuwait Oil Company to enhance energy infrastructure. Additionally, the company expanded its regional footprint by signing new five-year service agreements in Oman for comprehensive energy solutions. These strategic wins underscore the growing international demand for SLB's specialized technical expertise in complex energy projects. Despite these operational successes, financial analysis indicates that SLB's stock is currently trading approximately 38.6% below its estimated fair value. This discrepancy between market price and intrinsic value presents a potentially attractive entry point for investors seeking value. The combination of long-term revenue visibility and current undervaluation reinforces a bullish outlook for the energy services giant in the global market.