Story perspectives

Schlumberger Surges with Profits, Eyes Venezuela Expansion

1/24/2026

Summary

Story summary

Schlumberger Limited (SLB) reported fourth-quarter profit of 78 cents per share, beating expectations.
The company plans to return over $4 billion to shareholders in 2026, boosted by ChampionX.
CEO Olivier Le Peuch said inquiries about Venezuela operations rose after President Nicolas Maduro's ouster.
SLB will expand there only with proper licensing and compliance.
Analysts forecast stock may fall next year due to sustainability concerns amid volatile prices and operations.

History

Historical Context

In 1976, Venezuela nationalized its oil industry under President Carlos Andrés Pérez, creating Petróleos de Venezuela S.A. (PDVSA) to control oil production. This move transformed Venezuela into a leading oil exporter, significantly impacting global markets. Today, Schlumberger Limited's interest in Venezuela highlights the ongoing complexities of foreign investment amid political instability and the long-term effects of nationalization on the economy.

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Story summary

Schlumberger Limited (SLB) reported fourth-quarter profit of 78 cents per share, beating expectations.
The company plans to return over $4 billion to shareholders in 2026, boosted by ChampionX.
CEO Olivier Le Peuch said inquiries about Venezuela operations rose after President Nicolas Maduro's ouster.
SLB will expand there only with proper licensing and compliance.
Analysts forecast stock may fall next year due to sustainability concerns amid volatile prices and operations.

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