SLB Increases Dividend and Share Repurchases Despite Oil Oversupply
SLB boosts shareholder returns with a dividend hike and buybacks despite 2025 revenue forecast challenges. SLB Enhances Shareholder Returns Amid Challenging Oil Market SLB, the leading oilfield services company, has raised its quarterly dividend by 3.6% and accelerated its share repurchase program. This comes despite a forecast for flat revenue growth in 2025, as the global oil market faces ongoing oversupply issues. Despite these market challenges, SLB is confident in its financial resilience and commitment to rewarding its shareholders. SLB’s Strong Dividend Increase and Share Buyback Strategy SLB's decision to increase its quarterly dividend reflects the company's strong cash flow position and commitment to maximizing shareholder value. The 3.6% hike in the dividend aligns with the company's broader strategy to return capital to shareholders, while also maintaining its financial stability in a volatile market. Alongside the dividend increase, SLB has also accelerate...