Earnings
SLB beats second-quarter estimates despite Middle East disruptions
SLB reported second-quarter revenue of $8.97 billion and adjusted earnings per share of $0.55. Revenue increased 3% sequentially as growth across most regions outweighed a 13% decline in the Middle East, and the shares rose sharply in premarket trading.
AS1 News
SLB beat quarterly estimates despite conflict-related disruptions in the Middle East, highlighting resilience in global oilfield spending.
The company reported second-quarter revenue of $8.97 billion and adjusted earnings per share of $0.55. Revenue grew 3% from the previous quarter, with gains across most regions more than offsetting a 13% sequential decline in the Middle East.
The results matter because SLB is widely viewed as a bellwether for global oilfield investment. Its performance points to continued offshore and production spending even as regional disruptions weigh on activity, offering a positive signal for the broader energy-services sector.
SLB shares rose sharply in premarket trading following the report. The quarterly figures and regional performance are confirmed. What remains uncertain is how long Middle East disruptions will persist and whether strength in other regions can continue to offset that pressure in future quarters.
The earnings beat and sequential revenue growth suggest resilient global offshore and production investment, supporting sentiment toward oilfield-services companies despite weakness in the Middle East.