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.

Looking ahead, SLB provided guidance for 2025, projecting capital investments of approximately $2.3 billion, excluding the impact of the anticipated ChampionX acquisition. This figure represents a decrease from the $2.6 billion invested in 2024, as the company aims to optimize its capital allocation amidst evolving market conditions.

Oilfield services supplier SLB increased its dividend after posting a solid fourth quarter performance, driven by higher North America and international activity. For the fourth quarter of 2024, the company booked a net income attributable to SLB shareholders of $1.

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 (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.

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,