Schlumberger Stock Buyback Review

: 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

: SLB's high-margin digital business, which saw a 9% year-on-year revenue increase in Q1 2026, allows for increased cash flow without heavy capital intensity.

: 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 stock buyback

In the first quarter of 2026, SLB demonstrated its commitment by executing a significant portion of its planned repurchases:

The shift toward more aggressive share repurchases is supported by several key factors: : Despite slightly negative free cash flow in

: The board approved a 3.5% quarterly dividend increase to $0.295 per share , effective April 2, 2026.

: SLB bought back $451 million of its common stock during Q1 2026. Q1 2026 Execution Progress In the first quarter

: 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