Core’s Board believes that stock price performance over time is directly related  to ROIC. Table 4 lists ROICs for major oilfield service companies as most recently  calculated by Bloomberg Financial. Core’s leading ROIC is more than four times the  industry average. Note that some oilfield service companies have ROICs below  their Weighted Average Cost of Capital (WACC), a product of overinvestment in  their company or vast overpayment for perceived growth via acquisitions.  Core strives to have the industry-leading ROIC through capital discipline and continued  execution of the three Growth Strategies we set in 1994, the year before we made  our initial public offering: We believe that our commitment to this approach in 2014 will result in a continued  dominance of long-term share price performance by Core versus other oilfield  service companies. Since October 2002 Core Laboratories has returned excess capital to our shareholders  in the form of share repurchases, warrant settlements, dividends, and special divi- dends. As indicated in Table 5, Core has returned $1.66 billion, or $36.47 per share.  As the financial markets continue to mend in 2014, the Company will continue to  return excess capital to our shareholders via dividends, as well as possible share  repurchases depending on the stability of global financial networks. 3) Return excess capital to our shareholders.  1. Develop new reservoir-optimizing technologies. 2. Leverage our international office network. 3. Acquire complementary and strategically positioned technologies.  The Company will continue to  return excess capital to our  shareholders via dividends,  as well as possible share  repurchases. Total Capital Returned $ 1.66 billion Share Repurchases, Warrant Settlements $ 1.41 billion Quarterly Dividends $ 182 million Special Dividends $ 69 million Per Share Capital Returned $ 36.65 Table 5: Capital Returned to Core Lab Shareholders