: 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 bought back $451 million of its common stock during Q1 2026. schlumberger stock buyback
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 : 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. This target represents a massive 67% increase from the $2
: 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
: 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.