other material
confidence high
sentiment negative
materiality 0.70
SLB: Middle East disruptions to cut Q1 EPS by 6-9 cents; revenue below forecast
SLB LIMITED/NV
- Demobilizing operations in a few Middle East countries after customer actions to safeguard personnel and facilities.
- Q1 revenue below previous expectations; EPS impact of 6-9 cents per diluted share from additional costs.
- Travel and transit through the region suspended; local and regional crisis response teams active daily.
- Plan to resume full activity in phased manner as conditions stabilize; working with local authorities.
- Company emphasizes underlying business resilience and 100-year track record navigating geopolitical crises.