SLB Reports Strong Q2 Earnings and Pays Quarterly Dividend
SLB reported Q2 2026 revenue of $8.97B, beating consensus estimates, with adjusted EPS of $0.55 versus $0.52 expected. Shares reportedly gained roughly 10% on the print. SLB also declared a $0.295 quarterly dividend and reaffirmed its full-year target to return more than $4 billion to shareholders.
SLB reported second-quarter 2026 revenue of $8.97 billion, ahead of analyst estimates of roughly $8.76 billion. Adjusted earnings per share came in at $0.55, ahead of the $0.52 consensus, though down from $0.74 in the same quarter last year as the year-over-year comparison reflected softer pricing in parts of the portfolio. Shares reportedly gained roughly 10% following the release, with reports on the exact move ranging from about 9.6% to 10.4% depending on the source and timing of the quote.
The board also approved a quarterly cash dividend of $0.295 per share, underscoring the company's stated commitment to returning capital. SLB has targeted more than $4 billion in dividends and buybacks for the full year and repurchased roughly $648 million of stock during the quarter, alongside free cash flow of about $716 million.
Revenue growth in Latin America, Europe and Africa, U.S. land, and Asia helped offset disruption in the Middle East, while adjusted EBITDA reached about $1.90 billion. The combination of a beat on both revenue and earnings with continued shareholder returns could support the case that SLB's diversification strategy is gaining traction, though investors may want to watch whether the Middle East disruption proves transient or extends into subsequent quarters.
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