The following video is part of our "Motley Fool Conversations" series, in which analyst John Reeves and advisor David Meier discuss topics across the investing world.

Dave believes that Schlumberger is arguably the best oil and gas services company. After providing more detail on its business, Dave then explains why he ranks it as No. 3 on his list of top 10 energy companies. The video concludes with a long-term outlook for Schlumberger.

As oil prices climb, investors can find opportunities to ride the wave of surging profits for energy companies. Schlumberger is one company that should do well in this environment. Take a look at the top oil stocks recommended by Motley Fool analysts in a recent special free report: "3 Stocks for $100 Oil." The report won't be available forever, so we invite you to enjoy a free copy today. You can access it by clicking here. Fool on!