07:40 AM EST, 01/17/2025 (MT Newswires) -- (Updates with additional details in the headline and fifth and sixth paragraphs and latest stock movement in the seventh paragraph.)

Schlumberger ( SLB ) reported Q4 adjusted earnings Friday of $0.92 per diluted share, up from $0.86 a year earlier.

Analysts polled by FactSet expected $0.90.

Revenue for the quarter ended Dec. 31 was $9.28 billion, compared with $8.99 billion a year earlier.

Analysts surveyed by FactSet expected $9.18 billion.

Schlumberger ( SLB ) said its board raised the quarterly dividend by 3.6% to $0.285 per share, payable April 3 to shareholders of record as of Feb. 5.

Additionally, the company said it has repurchased roughly 80% of its common shares under the $2.3 billion accelerated share repurchase deal it signed on Dec. 20 and expects to complete the buyback by no later than the end of May.

Shares of Schlumberger ( SLB ) were up 1.9% in recent Friday premarket activity.