SLB Limited (NYSE:SLB) Plans $0.29 Quarterly Dividend

Key Points

• SLB declared a quarterly dividend of $0.295 per share, payable on October 8 to shareholders of record on September 2. The annualized dividend implies a 2.3% yield.
• The company’s dividend appears well covered, with a 34.7% payout ratio, and analysts expect SLB to continue supporting the payout with projected earnings of $3.33 per share next year.
• SLB also posted a solid quarter, beating estimates with EPS of $0.55 on $8.97 billion in revenue, helped by higher offshore activity and growth in Digital and Production Systems.

SLB Limited (NYSE:SLB - Get Free Report) declared a quarterly dividend on Thursday, July 23rd. Shareholders of record on Wednesday, September 2nd will be given a dividend of 0.295 per share by the oil and gas company on Thursday, October 8th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Wednesday, September 2nd.

SLB has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 5 consecutive years. SLB has a payout ratio of 34.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect SLB to earn $3.33 per share next year, which means the company should continue to be able to cover its $1.18 annual dividend with an expected future payout ratio of 35.4%.

SLB Stock Performance

SLB stock traded up $5.21 during trading on Friday, hitting $52.43. 28,892,755 shares of the company traded hands, compared to its average volume of 17,391,477. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.34 and a quick ratio of 0.98. The stock's 50-day simple moving average is $51.22 and its 200 day simple moving average is $50.54. SLB has a 1 year low of $31.64 and a 1 year high of $58.82. The company has a market cap of $78.39 billion, a PE ratio of 22.90, a P/E/G ratio of 1.93 and a beta of 0.72.

SLB (NYSE:SLB - Get Free Report) last issued its quarterly earnings data on Saturday, July 25th. The oil and gas company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.51 by $0.04. The company had revenue of $8.97 billion for the quarter, compared to analyst estimates of $8.67 billion. SLB had a return on equity of 15.54% and a net margin of 9.26%.SLB's quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company earned $0.74 earnings per share. On average, equities analysts expect that SLB will post 2.52 earnings per share for the current fiscal year.

Key Headlines Impacting SLB

Here are the key news stories impacting SLB this week:

• Positive Sentiment: SLB reported Q2 adjusted EPS of $0.55, ahead of estimates of $0.51, on revenue of $8.97 billion versus expectations of $8.67 billion. SLB NYSE: SLB Beats Expectations in Strong Q2 CY2026
• Positive Sentiment: Management pointed to higher offshore activity and growth in Digital and Production Systems, which helped drive the quarter and support the outlook. SLB Posts Higher Revenue on Increased Offshore Activity, Data-Center Demand
• Positive Sentiment: SLB’s expanding data-center power and infrastructure push is being viewed as an additional growth vector, adding to investor optimism. What SLB (SLB)'s AI Data Center Power Push and Baleine Win Means For Shareholders
• Neutral Sentiment: Revenue still declined year over year, so the quarter was solid but not a return to broad-based growth. Top US oilfield services firm SLB beats quarterly profit estimates
• Neutral Sentiment: Middle East disruptions remain a headwind, but resilient demand in other regions is currently outweighing that pressure. SLB Stock Rises on Earnings Beat as Strong Activity Offsets Middle East Disruption

SLB Company Profile

SLB NYSE: SLB, historically known as Schlumberger, is a leading global provider of technology, integrated project management and information solutions for the energy industry. Founded by Conrad and Marcel Schlumberger in 1926, the company develops and supplies products and services used across the exploration, drilling, completion and production phases of oil and gas development. Its offerings are intended to help operators characterize reservoirs, drill and complete wells, optimize production and manage field operations throughout the asset lifecycle.

SLB's product and service portfolio spans reservoir characterization and well testing, wireline and logging services, directional drilling and drilling tools, well construction and completion technologies, production systems, and subsea equipment.

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