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 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 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 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 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 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 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 ...
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 ...
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 ...
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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 ...
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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 ...