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SLB Reports Strong Q4: Earnings Rise, Dividend Increased

1/18/2025

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Summary

Story summary

SLB reported impressive Q4 2024 earnings, with EPS at $0.92 and revenue of $9.28 billion, up 3% year-on-year.
The company increased its quarterly dividend by 3.6% to $0.285 per share and announced a $2.3 billion stock buyback.
Full-year revenue rose 10% to $36.29 billion, fueled by growth in the Middle East, Asia, and Europe.
SLB's digital services segment experienced a 20% revenue boost, reflecting rising demand for AI and cloud solutions.
CEO Olivier Le Peuch highlighted AI's critical role in future growth and collaborations with major tech companies.

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Story summary

SLB reported impressive Q4 2024 earnings, with EPS at $0.92 and revenue of $9.28 billion, up 3% year-on-year.
The company increased its quarterly dividend by 3.6% to $0.285 per share and announced a $2.3 billion stock buyback.
Full-year revenue rose 10% to $36.29 billion, fueled by growth in the Middle East, Asia, and Europe.
SLB's digital services segment experienced a 20% revenue boost, reflecting rising demand for AI and cloud solutions.
CEO Olivier Le Peuch highlighted AI's critical role in future growth and collaborations with major tech companies.