By Emily Dattilo
Shares of SLB were trading higher after the oil services provider formerly known as Schlumberger topped earnings estimates and raised its quarterly dividend.
SLB posted fourth-quarter adjusted earnings of 86 cents a share, beating Wall Street’s call for 84 cents, according to FactSet. Revenue of $8.99 billion was above the $8.96 billion analysts had expected. International revenue jumped 18% in the quarter.
SLB’s board approved a 10% increase in the company’s quarterly cash dividend to 27.5 cents from 25 cents.
For the full year, revenue rose 18% year over year, while adjusted earnings jumped 37%.
“Our strong full-year performance was fueled by substantial international growth, with approximately 90% of our international GeoUnits posting year-on-year increases, complemented by sustained performance in North America,” CEO Olivier Le Peuch said in a statement.
Shares rose 0.7% to $48.90 in premarket trading Friday.
Write to Emily Dattilo at emily.dattilo@dowjones.com