SLB NV (NYSE:SLB) reported lower first-quarter earnings on Friday.
SLB reported first-quarter 2026 revenue of $8.72 billion, beating the $8.647 billion estimate. Adjusted EPS came in at $0.52, in line with expectations, while GAAP EPS fell 14% year over year to $0.50.
“It was a challenging start to the year as widespread disruptions in the Middle East impacted our business,” CEO Olivier Le Peuch said. “The impact was most pronounced in Well Construction and Reservoir Performance, as SLB demobilized operations in a number of countries in response to customer actions to safeguard …