Schlumberger — Stock Buyback

: 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

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

: 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. schlumberger stock buyback

: The company repurchased 9.2 million shares during this period.

: Management expects to repurchase at least $2.4 billion in shares during the 2026 fiscal year. : Despite slightly negative free cash flow in

: The $4 billion program represents approximately 5.3% to 5.4% of SLB's total market capitalization (roughly $74–$75 billion). Q1 2026 Execution Progress

: 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. : The company repurchased 9

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