SLB

SLB closed out 2025 on a stronger note than Wall Street had anticipated, posting Q4 adjusted EPS of $0.78 against a consensus estimate of $0.74 — a 5.41% beat — while revenue of $9.74 billion edged past the $9.71 billion forecast and grew 5.0% year-on-year. The headline driver was the full-quarter contribution from ChampionX, acquired in Q3, which added $879 million in Q4 revenue and helped lift Production Systems to become the quarter's core growth engine. It was also the first time since Q2 2024 that revenue increased across all four of SLB's operating geographies, signaling a broader recovery after a year marked by headwinds in Saudi Arabia, Mexico, and Sub-Saharan Africa. The Digital division added its own milestone, with annualized recurring revenue crossing $1 billion for the first time. Management expects those regional pressures to ease through 2026, with Middle East rig activity projected to rise and <a href="https://247wallst.com/investing/2026/01/22/venezuela-opportunity-emerges-as-oil-services-stocks-rally-through-january/">emerging market opportunities</a> adding further upside optionality. The board backed that confidence with a 3.5% dividend increase and a commitment to return more than $4 billion to shareholders in 2026.