Negative
23Serious
Neutral
Optimistic
Positive
- Total News Sources
- 3
- Left
- 1
- Center
- 1
- Right
- 0
- Unrated
- 1
- Last Updated
- 3 min ago
- Bias Distribution
- 50% Center
SLB Reports $36.29 Billion Revenue, Increases Dividend
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.
- Total News Sources
- 3
- Left
- 1
- Center
- 1
- Right
- 0
- Unrated
- 1
- Last Updated
- 3 min ago
- Bias Distribution
- 50% Center
Negative
23Serious
Neutral
Optimistic
Positive
Related Topics
Stay in the know
Get the latest news, exclusive insights, and curated content delivered straight to your inbox.
Gift Subscriptions
The perfect gift for understanding
news from all angles.