International Oilfield Services Giant Schlumberger Rolls Forward
2025-01-22 10:05:59 ET
Summary
- SLB’s market capitalization is $61.3 billion. Its dividend yield is 2.6%, and it has implemented a $2.3 billion investor-friendly share buyback program.
- Of its 2024 revenue, over 80% was from international operations; North America accounted for less than 20%.
- SLB recently announced major multi-region multi-year deepwater contracts with Shell.
SLB , formerly known as Schlumberger Limited ( SLB ) is less significantly impacted than its competitors by changes in US drilling because its focus is more international, with over 80% of its 2024 revenue coming from outside North America. (It traded its US fracking business to Liberty Energy Inc. ( LBRT ) a few years ago, for example.)
SLB’s market capitalization is down by about -5% from my last review. Its just-announced 4Q24 and full year 2024 results were solid, beating forecasts and led by 12% growth in international revenue. And on December 20, 2024, SLB entered into a $2.3 billion accelerated share repurchase program....
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International Oilfield Services Giant Schlumberger Rolls Forward
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