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 Stock Jumps on Earnings, Dividend Hike and Buyback News
SLB stock is soaring Friday after the energy firm reported strong fourth-quarter earnings and unveiled several shareholder-friendly initiatives.
SLB Stock Gains on Topped Forecast, $2.3B Buyback
Shares of SLB advanced after the oilfield services giant announced a $2.3 billion stock buyback, bumped dividend payouts higher and reported quarterly earnings that topped Wall Street views. The stock was up 2% at $41.91 in premarket trading. Shares were trading at around $47.89 this time a year ago.
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 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 surges after Q4 earnings beat, dividend hike and stock buyback
SLB (NYSE:SLB) +7.8% in Friday's trading after reporting better than expected Q4 adjusted earnings, helped by strong demand for its drilling equipment and technology, raising its dividend and announcing a $2.
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'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 ...
Trade Tracker: Steve Weiss buys SLB
Steve Weiss, Founder and Managing Partner of Short Hills Capital Partners joins CNBC’s “Halftime Report” to explain why he's ...
SLB Hikes 2025 Share Repurchase Program; 'AI Is The X Factor' For Oilfield Service Industry
SLB, formerly Schlumberger, reported on Friday slightly better-than-expected fourth-quarter earnings and revenue, while ...
SLB Jumps 6% on Earnings Beat, AI Growth; Lifts Oil Sector as S&P 500 Energy Stocks Rally
SLB jumps 6% as Q4 earnings, revenue beat estimates. AI-powered digital services drive growth; $2.3B share repurchase and ...
Energy Rises After SLB Earnings - Energy Roundup
Shares of energy companies rose after surprisingly strong earnings from one oil-equipment giant. Shares of SLB rallied after the oilfield-services giant announced a $2.3 billion stock buyback, bumped ...
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 ...
Schlumberger's Digital Growth Leads Q4
Schlumberger beat earnings and revenue estimates for Q4 2024 but faced challenges in specific segments and markets.
Here’s ClearBridge Value Strategy Chose Schlumberger Limited (SLB) Over Baker Hughes
ClearBridge Investments, an investment management company, released its “ClearBridge Value Strategy” fourth quarter 2024 ...
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 ...