Following its Q4 2025 earnings report, SLB outlined an aggressive capital allocation strategy for 2026: : Over $4 billion in combined returns.
In the first quarter of 2026, SLB demonstrated its commitment by executing a significant portion of its planned repurchases:
: 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 schlumberger stock buyback
The shift toward more aggressive share repurchases is supported by several key factors:
: SLB bought back $451 million of its common stock during Q1 2026. Following its Q4 2025 earnings report, SLB outlined
: The company repurchased 9.2 million shares during this period.
: The board approved a 3.5% quarterly dividend increase to $0.295 per share , effective April 2, 2026. : The company repurchased 9
: 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.