SLB Reports $36.29 Billion Revenue, Increases Dividend
SLB Reports $36.29 Billion Revenue, Increases Dividend

SLB Reports $36.29 Billion Revenue, Increases Dividend

News summary

SLB reported strong fourth-quarter and full-year 2024 results, with a revenue of $9.28 billion, a 1% increase from the previous quarter, driven by higher demand for digital and production systems. The company achieved adjusted earnings of 92 cents per share, surpassing analyst expectations, and generated $3.99 billion in free cash flow for the year, enabling a $3.27 billion return to shareholders. CEO Olivier Le Peuch noted a 12% growth in international revenue, particularly in the Middle East and Asia, despite subdued upstream investment growth. SLB raised its quarterly dividend by 3.6% and initiated a $2.3 billion accelerated share repurchase program, reinforcing its commitment to shareholder value. Additionally, the company’s adjusted EBITDA for the quarter increased by 5% year-on-year, demonstrating resilience amid market challenges. Overall, SLB's results reflect a robust performance driven by strategic initiatives and operational efficiency.

Story Coverage
Bias Distribution
50% Center
Information Sources
daae85f0-2883-42fc-b085-888140adf30d98605d3a-f647-49a6-87c7-2db995124a5a
Left 50%
Center 50%
Coverage Details
Total News Sources
3
Left
1
Center
1
Right
0
Unrated
1
Last Updated
3 min ago
Bias Distribution
50% Center
Related News
Daily Index

Negative

23Serious

Neutral

Optimistic

Positive

Ask VT AI
Story Coverage

Related Topics

Subscribe

Stay in the know

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Present

Gift Subscriptions

The perfect gift for understanding
news from all angles.

Related News
Recommended News