Schlumberger Ltd (SLB) Reports Strong Q4 2023 Results, Increases Dividend

Schlumberger Ltd (SLB) reported strong fourth-quarter and full-year 2023 results, with revenue increasing by 14% and 18% respectively, and net income rising by 4% and 22% respectively. The company also announced a 10% increase in its quarterly dividend and repurchased 1.8 million shares. International revenue grew by 18% in the fourth quarter and 20% for the full year, outpacing North America. CEO Olivier Le Peuch emphasized the company's ability to deliver superior earnings, generate impressive cash flows, and maintain a strong balance sheet, reflecting resilience and growth in a competitive market.