On January 23, SLB (NYSE: SLB) (formerly Schlumberger Ltd.) reported a fourth-quarter profit of $824 million (55 cents per share), up from $739 million (50 cents per share) a year earlier. Adjusted earnings came in at 78 cents per share. Revenue for the period rose to $9.745 billion from $8.928 billion. Preliminary forecasts had expected earnings of 74 cents per share on revenue of $9.6 billion.
The company raised its quarterly dividend by 3.5% to 29.5 cents and stated that in 2026 it expects to return over $4 billion to shareholders through dividends and share buybacks.
In July of this year, the company completed the $7.75 billion acquisition of ChampionX, enhancing its portfolio with production chemicals and artificial lift technologies. This acquisition, which contributed $879 million in total revenue and $206 million in adjusted earnings in Q4, also helped increase quarterly revenue in North America by approximately 26% despite regional weakness.
CEO Olivier Le Pech stated that the worst of the global oil market may be behind us, forecasting a gradual increase in drilling activity across key regions, including OPEC countries.