How many shares did SLB repurchase in Q2 2026?

SLB repurchased 12 million shares during the second quarter of 2026 for $648 million, at an average price of approximately $54.00 per share. Year-to-date through June 30, the company had repurchased roughly 20.4 million shares for $1.099 billion total.

Was a new buyback program authorized in this filing?

No new authorization was announced in this 8-K. The filing reports execution results under an existing program but does not disclose authorization details, remaining capacity, or any board action to expand the program.

How does the buyback compare to SLB's free cash flow?

In Q2 2026 alone, SLB generated $716 million in free cash flow while repurchasing $648 million in stock. This represents a significant return of operating cash flow to shareholders, though the company also invested $459 million in capital expenditures and paid $440 million in dividends.

What was SLB's financial context for Q2 repurchases?

SLB reported Q2 2026 revenue of $8.97 billion and net income of $786 million. The company faced operational disruptions in the Middle East but saw broad-based sequential growth in international markets and strong demand for production and recovery solutions. Net debt stood at $8.7 billion at quarter-end.

What execution mechanism did SLB disclose for the buyback?

The filing does not specify the execution mechanism—whether open-market purchases under Rule 10b-18, a 10b5-1 plan, accelerated share repurchase, or another method. Only the aggregate shares repurchased and total cost are disclosed.

How does this buyback rate compare to SLB's prior quarters?

Year-to-date through H1 2026, SLB spent $1.099 billion on repurchases (roughly $550M per quarter on average), slightly below the Q2 run rate. In the six months of 2025, the company repurchased $2.3 billion in shares, indicating a pullback in share buyback activity compared to the prior-year pace.

SLB 8-K Filed 2026-07-24 Execution disclosure

SLB repurchased 12M shares for $648M in Q2 2026

Second-quarter execution under existing program; no new authorization disclosed in earnings release.

Shares repurchased12.0M

Avg price paid$54.00

MechanismNot specified

What the filing says

SLB repurchased 12 million shares during the second quarter of 2026 for an aggregate purchase price of $648 million, implying an average price of $54.00 per share. The execution appears to be under an existing repurchase authorization; the filing contains no announcement of a new or expanded program.

Year-to-date through the first half of 2026, SLB repurchased approximately 20.4 million shares for a total of $1.099 billion (based on the six-month cash flow statement line item). The company also maintained its quarterly dividend at $0.295 per share, approved by the Board on July 23, 2026.

The buyback activity occurred amid SLB's reported second-quarter results, which showed revenue of $8.97 billion (up 3% sequentially and 5% year-on-year) and diluted EPS of $0.52 on a GAAP basis. Free cash flow for the six-month period was $716 million in Q2 alone, providing liquidity for both capital returns and growth investments.

During the quarter, SLB repurchased 12 million shares of its common stock for a total purchase price of $648 million. — SLB LIMITED/NV 8-K filing · View on SEC EDGAR →

What this means

SLB's Q2 share repurchase of $648 million reflects continued capital return to shareholders despite operating in a challenged macroeconomic environment marked by Middle East disruptions. The $54.00 average execution price sits near the mid-point of where the stock likely traded in Q2 2026. Over six months, the company deployed roughly $1.1 billion toward buybacks while maintaining a regular dividend and funding $802 million in capital expenditures. With net debt of $8.7 billion and free cash flow generation of $716 million in Q2, the company has chosen to balance growth reinvestment, shareholder returns, and leverage management—typical for a mature industrial with strong cash generation.

Frequently asked questions

How many shares did SLB repurchase in Q2 2026?: SLB repurchased 12 million shares during the second quarter of 2026 for $648 million, at an average price of approximately $54.00 per share. Year-to-date through June 30, the company had repurchased roughly 20.4 million shares for $1.099 billion total.
Was a new buyback program authorized in this filing?: No new authorization was announced in this 8-K. The filing reports execution results under an existing program but does not disclose authorization details, remaining capacity, or any board action to expand the program.
How does the buyback compare to SLB's free cash flow?: In Q2 2026 alone, SLB generated $716 million in free cash flow while repurchasing $648 million in stock. This represents a significant return of operating cash flow to shareholders, though the company also invested $459 million in capital expenditures and paid $440 million in dividends.
What was SLB's financial context for Q2 repurchases?: SLB reported Q2 2026 revenue of $8.97 billion and net income of $786 million. The company faced operational disruptions in the Middle East but saw broad-based sequential growth in international markets and strong demand for production and recovery solutions. Net debt stood at $8.7 billion at quarter-end.
What execution mechanism did SLB disclose for the buyback?: The filing does not specify the execution mechanism—whether open-market purchases under Rule 10b-18, a 10b5-1 plan, accelerated share repurchase, or another method. Only the aggregate shares repurchased and total cost are disclosed.
How does this buyback rate compare to SLB's prior quarters?: Year-to-date through H1 2026, SLB spent $1.099 billion on repurchases (roughly $550M per quarter on average), slightly below the Q2 run rate. In the six months of 2025, the company repurchased $2.3 billion in shares, indicating a pullback in share buyback activity compared to the prior-year pace.

execution q2-2026 oil-and-gas energy-sector cash-return

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.