SLB Declares $0.295 Quarterly Dividend, Revenue Rises 3% in First Quarter
SLB Limited/NV, a global oilfield services provider, approved a quarterly cash dividend of $0.295 per share, payable July 9 to shareholders of record as of June 3. The company reported first-quarter revenue of $8.72 billion.
SLB Limited/NV (NYSE: SLB), a global provider of technology and services to the energy industry, declared a quarterly cash dividend of $0.295 per share on April 23, 2026. The dividend will be paid on July 9, 2026, to stockholders of record as of June 3, 2026. Read more dividend announcements.
| Dividend Details | Date |
|---|---|
| Amount per Share | $0.295 |
| Record Date | June 3, 2026 |
| Payment Date | July 9, 2026 |
| Approval Date | April 23, 2026 |
First-Quarter Financial Performance
The Houston-based company reported first-quarter 2026 revenue of $8.72 billion, up 3% from $8.49 billion a year earlier. Net income attributable to SLB fell 6% year-on-year to $752 million, while diluted earnings per share declined 14% to $0.50.
Adjusted EBITDA decreased 12% to $1.77 billion from $2.02 billion in the prior-year quarter. Adjusted EBITDA margin contracted to 20.3% from 23.8% a year ago. Cash flow from operations totaled $487 million for the quarter.
The results include contributions from ChampionX, which SLB acquired in the third quarter of 2025. ChampionX added $838 million in revenue, $199 million in adjusted EBITDA, and $149 million in pretax segment operating income. Excluding the acquisition, revenue would have declined 7% year-on-year.
Geographic Performance
International revenue fell 4% to $6.47 billion, while North America revenue surged 26% to $2.17 billion. The North America increase was driven by growth both onland and offshore, boosted by the ChampionX acquisition which contributed $579 million domestically and $231 million internationally.
Revenue in the Middle East and Asia declined 10% to $2.69 billion due to disruptions related to regional conflict. Latin America revenue rose 2% to $1.53 billion, while Europe and Africa revenue increased 1% to $2.26 billion.
Strategic Acquisition
SLB announced a planned acquisition of S&P Global Energy, a subsurface software provider widely used by U.S. onshore and unconventional operators. The transaction is expected to close in the second half of 2026 or early 2027, subject to regulatory approvals.
The companies also entered an agreement to collaborate on building AI models using SLB's Lumi platform and Tela agentic AI framework combined with S&P Global Energy's upstream data.