Oil Rally Pushes SLB and TRGP Into Wall Street Spotlight

Oil prices jumped above $116 a barrel (WTI) and about $117 (Brent) as Middle East tensions raised supply concerns, putting Schlumberger (SLB) and Targa Resources (TRGP) back in focus. SLB beat Q4 2025 estimates with $0.78 earnings per share on $9.75 billion in revenue; Goldman Sachs analyst Neil Mehta reiterated a Buy with a $60 target, and TipRanks shows a Strong Buy with roughly 15–16% upside. TRGP posted about $4.1 billion in revenue and $2.53 per share for Q4, with Morgan Stanley and RBC lifting targets (to $298 and $260, respectively); it also carries a Strong Buy from TipRanks with a modest upside of around 4–5%.