SLB announced it is ready to significantly ramp up its operations in Venezuela once it secures the necessary licenses and implements enhanced safety and compliance protocols. The company highlighted that it already has several project designs and equipment mobilization plans in place, enabling it to double its current field activity within six months of regulatory approval. These preparations include the deployment of two additional wireline units and reinforcement of its local workforce with 150 newly certified technicians, positioning SLB to capitalize on Venezuela’s under-developed heavy-oil fields once sanction relief and host-government agreements are finalized.

In its fourth-quarter report, SLB posted revenue growth of 8% year-over-year, driven primarily by strong North American land drilling demand and recovery in the Middle East. The company reported an 11% increase in revenue for its Reservoir Performance segment and a 6% rise in Well Construction services. Adjusted operating margins expanded by 120 basis points to 18.4%, reflecting disciplined cost control and higher utilization across its pressure-pumping fleet. SLB also noted that challenges faced in key regions during 2025, including reduced activity in offshore markets, have substantially abated and that backlog for early 2026 projects now stands at $5.2 billion.

SLB announced a quarterly dividend increase of 15%, marking the fourth consecutive annual raise. The board approved a capital return plan totaling more than $4 billion for calendar year 2026, including share repurchases and dividends, up from $3.2 billion returned in 2025. This initiative reflects confidence in cash-flow generation, with free cash flow projected at $6.3 billion for the full year. Management reiterated its target leverage ratio of 0.4 to 0.6 times net debt to EBITDA, underlining the company’s commitment to maintaining a strong balance sheet while rewarding investors.

SLB completed its acquisition of RESMAN Energy Technology from Nordic Capital, adding advanced wireless reservoir surveillance and tracer solutions to its portfolio. RESMAN’s parts-per-trillion tracer detection capabilities will be integrated into SLB’s digital subsurface services, enhancing real-time monitoring of fluid movement in wells and reservoirs. SLB expects annualized cost synergies of $30 million by mid-2027 and anticipates that the acquisition will contribute $75 million to adjusted EBITDA in the first full year. This deal strengthens SLB’s position in reservoir analytics and supports its goal of offering end-to-end digital solutions to oil and gas operators worldwide.