Schlumberger (SLB) shares were up 2.3% in recent Friday trading after the company reported Q4 adjusted earnings of $0.86 per diluted share, up from $0.71 a year earlier.
Analysts polled by Capital IQ expected $0.83.
Revenue for the quarter ended Dec. 31 was $8.99 billion, compared with $7.88 billion a year earlier.
Analysts surveyed by Capital IQ expected $8.94 billion.
The oil services company said its board raised the quarterly dividend to $0.275 per share from $0.25, payable on April 4 to shareholders of record as of Feb. 7.