SLB gains on second-quarter profit beat

SLB

24/07/2026 12:09

** Shares of U.S. oilfield services firm SLB SLB.N up 2.5% at $48.42 premarket
** SLB beats second-quarter profit expectations helped by resilient demand across key markets
** Posts Q2 adjusted profit of 55 cents per share, compared with analysts' estimate of 51 cents - LSEG-compiled data
** SLB's quarterly revenue in North America rose 36% to $2.24 billion
** Quarterly revenue in Latin America came in at $1.71 billion, compared to $1.53 billion the previous year
** However, Middle East and Asia revenue dropped 16% to $2.57 billion during the quarter
** Total revenue came in at $8.97 billion, compared to $8.54 billion a year earlier
** As of last close, stock up 23% YTD

(Reporting by Pranav Mathur in Bengaluru)
((Pranav.Mathur@thomsonreuters.com;))