On the occasion of the publication of its quarterly results, SLB announces that its Board of Directors has approved a 3.6% increase in the quarterly dividend, to $0.285 per share, as well as accelerated share buybacks for $2.3 billion.

For the fourth quarter of 2024, the oilfield services group saw adjusted EPS rise 7% year-on-year to $0.92, on adjusted EBITDA up 5% to $2.38 billion and revenues up 3% to $9.28 billion.

"2024 was a solid year for SLB, as we successfully navigated changing market conditions to generate sales and EBITDA growth, margin expansion and solid free cash flow," comments CEO Olivier Le Peuch.

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