The company’s stock is up 14% since the beginning of this year, compared to only 2% return of the S&P 500 over the same period.

Shares of SLB advanced after the oilfield services giant announced a $2.3 billion stock buyback, bumped dividend payouts higher and reported quarterly earnings that topped Wall Street views.

TD Cowen's estimates for SLB have been slightly raised, as the first-quarter guidance was already factored into their projections. However, the firm is adopting a more conservative stance for the remainder of 2025 than the guidance suggests.