: The board approved a 3.5% quarterly dividend increase to $0.295 per share , effective April 2, 2026.
Following its Q4 2025 earnings report, SLB outlined an aggressive capital allocation strategy for 2026: : Over $4 billion in combined returns.
: SLB bought back $451 million of its common stock during Q1 2026. schlumberger stock buyback
Schlumberger (SLB) has significantly accelerated its stock buyback program, committing to return more than through a combination of share repurchases and dividends. This target represents a massive 67% increase from the $2.41 billion spent on buybacks throughout 2025. 2026 Shareholder Return Framework
: Despite slightly negative free cash flow in Q1 2026 ($23 million) due to seasonal factors and Middle East disruptions, the company maintained its buyback momentum using its cash position. Strategic Drivers for Accelerated Buybacks : The board approved a 3
: SLB's high-margin digital business, which saw a 9% year-on-year revenue increase in Q1 2026, allows for increased cash flow without heavy capital intensity.
: The acquisition of ChampionX, completed in July 2025, is a major catalyst. It added $1.5 billion in revenue to the Production Systems division and is expected to deliver $400 million in total synergies , half of which are targeted by the end of 2026. completed in July 2025
The shift toward more aggressive share repurchases is supported by several key factors: