SLB Posts 3Q Adjusted EPS of 64 Cents
SLB sits 46% above its 52-week low of $34.
Summary
SLB reported third-quarter adjusted earnings of 49 cents a share, with net income of $735 million and revenue of $9.45 billion. International revenue came in at $6.99 billion and North America revenue at $2.4 billion. The prior quarter had revenue of $8.97 billion and beat estimates, and since then the company has stacked up contract wins with Aramco, Equinor, OQEP and ExxonMobil's Mozambique project, plus the pending $3.4 billion Kelvion acquisition. Those order wins support the top line, but the Kelvion deal brings roughly $0.7 billion of assumed debt and integration costs that could weigh on margins. The board approved a quarterly dividend of $0.295 per share, payable January 7, 2027 to holders of record December 2, 2026.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — SLB's board approved a quarterly dividend of $0.295 per share, payable January 7, 2027 to holders of record December 2, 2026.
At the time of this announcement, SLB was trading at $49.80 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $73.5B. The 52-week trading range was $34.00 to $60.46. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.