M&A - SCHLUMBERGER LIMITED/NV

Form Type: DEF 14A

Filing Date: 2025-02-20

Corporate Action: Acquisition

Type: New

Accession Number: 000130817925000029

Filing Summary: On February 20, 2025, Schlumberger Limited reported a strong financial performance in 2024, with revenue at $36.29 billion, a net income of $6.60 billion, and $3.27 billion returned to shareholders through dividends and share repurchases. In January 2025, they increased their quarterly dividend to $0.285 per share, marking a 128% rise since early 2022. The company initiated accelerated share repurchase transactions, aiming to return at least $4.0 billion to shareholders in 2025. Notably, SLB announced an agreement to acquire ChampionX Corporation, which is expected to enhance their production and recovery capabilities. This strategic acquisition will strengthen the SLB portfolio, providing stability against market fluctuations. The 2024 results emphasized SLB's diverse operational strengths and commitment to innovative technology, sustainability, and shareholder returns. In addition, the company reported an 11% reduction in Scope 1 and 2 emissions intensity and 18% in Scope 3 emissions intensity year-over-year, underlining their focus on environmental responsibilities amidst robust financial performance.

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