SLB (SLB) Q1 2026 (USD): Adj. EPS 0.52 (exp. 0.52), Revenue 8.72bln (exp. 8.65bln)
Importance
Level 1
- S&P Global (SPGI) confirms it has divested its geosciences software to SLB; announcing a new strategic direction for its upstream.
Commentary:
- Challenging start to the year amid the widespread disruptions in the Middle East which did impact the business; expect post-conflict liquid commodity prices to remain above pre-conflict levels.
- Reiterates that it is committed to returning more than USD 4bln to shareholders in 2026.