Schlumberger Limited (SLB) Slid Due to Multiple Headwinds

First Eagle Investments, an investment management company, released its “First Eagle Global Fund” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. Class A shares of the fund returned 7.23% in the second quarter of 2025. All regions contributed to the overall performance. North America and developed Europe were the top contributors, whereas Japan and developed Asia, excluding Japan, lagged. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its second-quarter 2025 investor letter, First Eagle Global Fund highlighted stocks such as Schlumberger Limited (NYSE:SLB). Headquartered in Houston, Texas, Schlumberger Limited (NYSE:SLB) is a leading provider of technology solutions for the energy industry. The one-month return of Schlumberger Limited (NYSE:SLB) was 7.93%, and its shares lost 17.43% of their value over the last 52 weeks. On August 28, 2025, Schlumberger Limited (NYSE:SLB) stock closed at $36.48 per share, with a market capitalization of $54.416 billion.

First Eagle Global Fund stated the following regarding Schlumberger Limited (NYSE:SLB) in its second quarter 2025 investor letter:

"Schlumberger Limited (NYSE:SLB)is the world’s largest oilfield service company. In addition to commodity price weakness during the quarter, share performance was dampened by concerns that tariffs and trade uncertainty could negatively impact oilfield service providers. While rig counts and drilling activity have declined this year, the majority of the slowdown has been in North America. In contrast, OPEC+ has increased production, which should benefit SLB given that it derives approximately 80% of its revenue from international and offshore markets."

Schlumberger Limited (NYSE:SLB) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 63 hedge fund portfolios held Schlumberger Limited (NYSE:SLB) at the end of the second quarter, which was 68 in the previous quarter. While we acknowledge the potential of Schlumberger Limited (NYSE:SLB) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

In another article, we covered Schlumberger Limited (NYSE:SLB) and shared the list of best affordable stocks under $50 to buy. Schlumberger Limited (NYSE:SLB) detracted from Artisan Value Fund's performance in Q2 2025. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.