SLB reported fourth-quarter EPS of $0.78, surpassing the Zacks Consensus Estimate of $0.74 despite a year-over-year decline from $0.92. Total revenue rose to $9.75 billion, exceeding the Street’s $9.55 billion forecast and marking a 9% sequential increase and a 5% gain versus Q4 2024. Strong demand in North America underpinned gains in Production Systems, while the Digital segment delivered double-digit revenue growth, offsetting weaker activity in completion tools and wireline services.

On a GAAP basis, SLB’s income before taxes fell 6% sequentially and 32% year-over-year to $943 million, with the pre-tax margin contracting to 9.7% from 11.2% in Q3 and 14.9% in Q4 2024. The decline reflects higher raw material costs and project startup expenses in Latin America and the Middle East. Nonetheless, net income attributable to SLB climbed to $824 million from $739 million in the prior quarter, driven by lower interest expense and a favorable currency translation impact.

SLB announced a quarterly dividend increase, raising the payout by 15% and committing to return over $4 billion to shareholders in 2026 through dividends and share repurchases. The company ended the quarter with a debt-to-equity ratio of approximately 0.50 and cash and cash equivalents of $3.2 billion. Management reiterated guidance for modest revenue growth in Q1 2026 and signaled plans to accelerate international activity pending regulatory approvals, citing robust opportunities in offshore drilling and Venezuela licensing prospects.