Schlumberger Stock Buyback May 2026

: Despite slightly negative free cash flow in Q1 2026 ($23 million) due to seasonal factors and Middle East disruptions, the company maintained its buyback momentum using its cash position. Strategic Drivers for Accelerated Buybacks

: The acquisition of ChampionX, completed in July 2025, is a major catalyst. It added $1.5 billion in revenue to the Production Systems division and is expected to deliver $400 million in total synergies , half of which are targeted by the end of 2026. schlumberger stock buyback

: CEO Olivier Le Peuch has stated that the buybacks signal management's belief that SLB stock is undervalued relative to its future cash-generation potential. SLB Ramps Up Share Buybacks to $4 Billion for 2026 - MLQ.ai : Despite slightly negative free cash flow in

: The company repurchased 9.2 million shares during this period. : CEO Olivier Le Peuch has stated that

: Management expects to repurchase at least $2.4 billion in shares during the 2026 fiscal year.