SLB falls on lower first-quarter profit owing to Middle East disruptions

ReutersApr 24, 2026 11:10 AM

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Shares of oilfield services company SLB SLB.N down ~3% at $53.56 premarket

Co posts fall in first-quarter profit as disruptions from the war in Iran hit demand

Posts Q1 profit of $752 million, or 50 cents per share, compared with $797 million, or 58 cents per share, a year earlier

Revenue from Middle East and Asia dropped 10% to $2.69 billion, during the quarter

North America revenue fell 2% to $2.17 billion in the reported quarter

Up to last close, stock up 42.6% YTD

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