: The company repurchased 9.2 million shares during this period.
: CEO Olivier Le Peuch has stated that the buybacks signal management's belief that SLB stock is undervalued relative to its future cash-generation potential. SLB Ramps Up Share Buybacks to $4 Billion for 2026 - MLQ.ai
: 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 schlumberger stock buyback
: The board approved a 3.5% quarterly dividend increase to $0.295 per share , effective April 2, 2026.
: Management expects to repurchase at least $2.4 billion in shares during the 2026 fiscal year. : The company repurchased 9
: 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
Schlumberger (SLB) has significantly accelerated its stock buyback program, committing to return more than through a combination of share repurchases and dividends. This target represents a massive 67% increase from the $2.41 billion spent on buybacks throughout 2025. 2026 Shareholder Return Framework Strategic Drivers for Accelerated Buybacks : The board
The shift toward more aggressive share repurchases is supported by several key factors: