SLB Raises Dividend 3.5%; Aims to Return More Than $4 Billion to Holders

Dow Jones

Jan 23

By Colin Kellaher

SLB's board has raised the oil-services company's quarterly dividend by 3.5%, to 29.5 cents from 28.5 cents, as part of plans to return more than $4 billion to shareholders this year through dividends and stock buybacks.

The new payout, equal to $1.18 a year, represents an annual yield of 2.39% based on Thursday's closing price of $49.32, up from 2.31%.

The Houston company on Friday said the increased dividend is payable April 2 to shareholders of record Feb. 11.

SLB shelled out $2.41 billion to buy back 60 million shares in 2025.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

January 23, 2026 07:07 ET (12:07 GMT)

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