SLB Announces Fourth-Quarter and Full-Year 2024 Results, Increases Dividend and Initiates $2.3 billion in Accelerated Share Repurchases
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SLB reported its fourth-quarter and full-year 2024 results, showing a slight increase in revenue but a decrease in income before taxes. The company also announced an increase in dividends and a $2.3 billion accelerated share repurchase program.
January 17, 2025 | 12:00 pm
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SLB's Q4 2024 results show a 1% sequential and 3% year-on-year revenue increase, but a decrease in income before taxes. The company is increasing its dividend and initiating a $2.3 billion share repurchase program.
The increase in revenue and the announcement of a dividend hike and share repurchase program are positive signals for investors, likely boosting short-term stock price. However, the decrease in income before taxes may temper some enthusiasm.
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