SLB (SLB) said it continues to closely monitor the situation in the Middle East and adapt its operations. For the first quarter, the company expects revenue will be lower than expected. SLB expects to incur additional costs resulting in an impact of approximately 6-9 cents of earnings per share for the first quarter.
The company has activated local and regional crisis response teams. Also, it has begun to demobilize operations in a few countries. SLB said it will begin a phased resumption of full activity as conditions allow.
In pre-market trading on NYSE, SLB shares are down 2.4 percent to $46.95.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.