BlackRock acquired 132M Schlumberger shares worth $7.67B. That's 0.12% of their equity portfolio (136th largest holding). The investor owns 9.40% of the outstanding Schlumberger stock. The first Schlumberger trade was made in Q4 2020. Since then BlackRock bought shares eight more times and sold shares on nine occasions. The stake costed the investor $3.53B, netting the investor a gain of 117% so far.
The oilfield service company also raises its dividend, saying it plans to return more than $4 billion to shareholders in 2026.
SLB beat Wall Street estimates for fourth-quarter profit on Friday, helped by steady demand for its oilfield equipment and services in North America.
HOUSTON--(BUSINESS WIRE)--SLB (NYSE: SLB) today announced results for the fourth-quarter and full-year 2025. Fourth-Quarter Results (Stated in millions, exce...
SLB N.V. (NYSE: SLB) will release earnings for the fourth quarter before the opening bell on Friday, Jan. 23.