Following its Q4 2025 earnings report, SLB outlined an aggressive capital allocation strategy for 2026: : Over $4 billion in combined returns.
The shift toward more aggressive share repurchases is supported by several key factors: schlumberger stock buyback
: The acquisition of ChampionX, completed in July 2025, is a major catalyst. It added $1.5 billion in revenue to the Production Systems division and is expected to deliver $400 million in total synergies , half of which are targeted by the end of 2026. Following its Q4 2025 earnings report, SLB outlined
: SLB bought back $451 million of its common stock during Q1 2026. Following its Q4 2025 earnings report