SLB boosts dividend and buybacks, but warns of oil oversupply
Oilfield company SLB raised its quarterly dividend and accelerated share repurchases on Friday as its fourth-quarter profit beat expectations, while also warning of flat 2025 revenue due to an oil oversupply.
SLB raises quarterly dividend 3.6% to 28.5c per share
Board of Directors approved a 3.6% increase in SLB’s quarterly cash dividend from 27.5c per share of outstanding
SLB Raises Dividend as Q4 Earnings Beat Estimates
SLB reported strong Q4 earnings and increased its dividend, buoyed by international activity and a rebound in North American sales.
SLB boosts dividend and buybacks after Q4 beat
SLB raised its quarterly dividend and accelerated share repurchases on Friday after the oilfield services provider posted better than expected fourth-quarter profit, helped by higher demand for its drilling equipment and technology.
SLB's Quarterly Profit Beats on International Business Strength
Excluding charges and credits, SLB posted a profit of 92 cents per share for the quarter, compared with the average analyst estimate of 90 cents, according to data compiled by LSEG.
SLB Stock Jumps on Revenue and Earnings Beat
SLB stock rose in premarket trading Friday after the energy technology provider reported fourth-quarter revenue and earnings that beat Wall Street’s expectations. SLB reported revenue of $9.28 billion and adjusted earnings of 92 cents a share for the quarter ended Dec.
SLB boosts dividend, share buybacks after quarterly profit beat
SLB buoyed its quarterly dividend and boosted share repurchases on Friday after the oilfield service provider posted better-than-expected fourth-quarter profit helped by higher demand for its drilling equipment and technology.
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SLB Jumps 6% on Earnings Beat, AI Growth; Lifts Oil Sector as S&P 500 Energy Stocks Rally
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SLB Announces Fourth-Quarter and Full-Year 2024 Results, Increases Dividend and Initiates $2.3 billion in Accelerated Share Repurchases
Fourth-quarter revenue of $9.28 billion increased 1% sequentially and 3% year on year. Fourth-quarter GAAP EPS of $0.77 decreased 7% sequentially but was flat year on year. Fourth ...
Schlumberger Launches $2.3B Stock Buyback, Raises Dividend by 3.6%
Schlumberger is repurchasing $2.3 billion worth of stock and raising its quarterly dividend by 3.6%.
SLB Stock Jumps on Earnings. AI Is the ‘X Factor’ for Energy-Tech Industry.
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SLB says its Russia business aligns with new US sanctions as revenue drops
Oilfield service provider SLB on Friday said its current business in Russia still aligns with U.S. sanctions issued this ...
SLB announces $2.3B accelerated share repurchase program
SLB (SLB) remains committed to expanding EBITDA margins, generating strong cash flows, and increasing returns to shareholders. Given our ...
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SLB's North America sales support Q4 performance, company increases dividend
Oilfield services supplier SLB increased its dividend after posting a solid fourth quarter performance, driven by higher ...