SLB (SLB) Q1 2026 (USD): Adj. EPS 0.52 (exp. 0.52), Revenue 8.72bln (exp. 8.65bln)
- 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.
Context
Schlumberger's Q1 2026 results met expectations on EPS but slightly exceeded revenue forecasts, reflecting solid operational performance amid geopolitical challenges. The guidance to return over $4 billion to shareholders signals confidence in cash flow, though the projected impact of Middle Eastern disruptions could influence future performance and commodity pricing.
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