SLB Reports Strong Q1 2026 Revenue Growth Despite Geopolitical Challenges
SLB (NYSE:SLB) reported a 3% year-on-year revenue increase to $8.72 billion in Q1 2026, driven by the integration of ChampionX. However, geopolitical disruptions in the Middle East led to operational challenges, with global revenue declining by 7% excluding ChampionX. The company also saw declines in GAAP EPS and adjusted EBITDA.
Tickers: $SLB
Topics: acquisition integration AI collaboration earnings report geopolitical impact revenue growth