Reports Q1 revenue $8.72B, consensus $8.66B. “It was a challenging start to the year as widespread disruptions in the Middle East impacted our business,” said SLB (SLB) Chief Executive Officer Olivier Le Peuch. “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 personnel and facilities. Beyond the Middle East, revenue increased year on year in all other markets driven mainly by the impact of our strategic moves regarding ChampionX, Digital, and Data Center Solutions,” Le Peuch said.
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