SLB gains on second-quarter profit beat

SLB

24/07/2026 14:51

Updates
** Shares of U.S. oilfield services firm SLB SLB.N up 7.3% at $50.66, on track for their best day since January 5
** 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
** CEO Olivier Le Peuch says activity resumed in several countries in the Middle East in Q2 but operations in Iraq remained constrained
** Total revenue came in at $8.97 billion, compared to $8.54 billion a year earlier
** Including session's move, stock up 32.15% YTD

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