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.
Schlumberger Q4: Earnings Beat, Dividend Boost, Offshore Boom And More
Schlumberger N.V. (NYSE:SLB) shares are trading higher after the company reported better-than-expected fourth-quarter 2024 results. Revenue grew 3% year over year to $9.28 billion, beating the consensus of $9.
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 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 Earnings. AI Is the ‘X Factor’ for Energy-Tech Industry.
Shares of semiconductor giant Broadcom (NASDAQ: AVGO) were up Friday, gaining 2.7% as of noon ET, but were up as much as 3.6% earlier in the day. The rise comes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) were up 1% and 1.5%, respectively. Broadcom received a price target boost Friday from an analyst at Barclays.
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 dividend hike excite investors.
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, share buybacks after quarterly profit beat
The firm raised its quarterly dividend by 3.6%, and said it has initiated an accelerated share repurchase to buy back $2.3 billion of the company's stock. "While upstream investment growth will remain subdued in the short term due to global oversupply,
SLB Stock Gains on Topped Forecast, $2.3 Billion Buyback
Shares of SLB advanced after the oilfield services giant announced a $2.3 billion stock buyback, bumped dividend payouts ...
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 ...
Why SLB Is Rising Today
Oilfield services giant Schlumberger (SLB) is climbing 7% today after the company reported better-than-expected ...
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 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 ...
Upstream1d
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 ...
The Tokenist1d
SLB’s Revenue Surges to $9.28 Billion in Q4 2024 Amidst Strategic Initiatives
Looking ahead, SLB provided guidance for 2025, projecting capital investments of approximately $2.3 billion, excluding the ...
Hosted on MSN23h
SLB Hikes 2025 Share Repurchase Program; 'AI Is The X Factor' For Oilfield Service Industry
Shares of SLB jumped higher early. The oilfield services giant saw Q4 EPS grow 7% to 92 cents with sales increasing 3% to $9.28 billion. Analysts expected earnings of 90 cents per share and revenue ...