SLB Reports Strong Q4 Results, Boosts Dividend and Share Buybacks

The oilfield services giant exceeded earnings expectations, raised its dividend, and announced an accelerated share repurchase program for 2025.

SLB posted Q4 revenue of $9.28 billion, a 3% year-over-year increase, surpassing analysts' estimates of $9.18 billion.
Adjusted earnings per share grew 7% to $0.92, slightly above the consensus estimate of $0.90.
The company increased its quarterly dividend by 3.6% to $0.285 per share and initiated a $2.3 billion accelerated share repurchase program.
SLB's digital services segment saw significant growth in 2024, with revenue increasing 20% year-over-year, driven by demand for AI and cloud-based solutions.
CEO Olivier Le Peuch highlighted the strategic acquisition of ChampionX and the company's focus on expanding margins, cash flow, and shareholder returns in 2025.