: 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.

: SLB bought back $451 million of its common stock during Q1 2026.

: 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 (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

: The board approved a 3.5% quarterly dividend increase to $0.295 per share , effective April 2, 2026.

In the first quarter of 2026, SLB demonstrated its commitment by executing a significant portion of its planned repurchases: