Overview
- Fourth-quarter revenue came in at $9.745 billion versus the $9.55 billion consensus, with adjusted EPS of $0.78 topping the $0.74 estimate as GAAP EPS declined to $0.55.
- The board raised the quarterly dividend by 3.5% to $0.295 per share, payable April 2, 2026 to shareholders of record on Feb. 11.
- Management set 2026 capital investment at approximately $2.5 billion and committed to return more than $4 billion to shareholders through dividends and buybacks.
- Digital revenue rose 17% to $825 million and Production Systems grew 30% to $4.078 billion, including $879 million from the acquired ChampionX businesses.
- CEO Olivier Le Peuch signaled improving upstream activity with expected Middle East rig gains, and shares touched a new 52-week high near $49.60 in premarket trading.