Earnings·October 23, 2026 at 7:27 AM EDT·3 sources
SLB Sees Growth Driven by Middle East Oil Field Recovery
SLB +7.1%
SLB · last 30 trading days+3.8% since the news
News
What happened
- SLB said its Middle East business has gradually recovered despite disruptions from the Iran war.
- SLB reported higher third-quarter revenue after a challenging start to the year.
- The recovery in Middle East activity is expected to support growth for the oil-field services provider.
Why it matters
The update matters to energy and corporate-finance professionals because Middle East activity is a key demand indicator for oil-field services and signals improving operating conditions after a difficult start to the year.
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Timeline
- EarlierOct 23SLB Limited: Results of operations
- First reported by BloombergOct 23SLB Sees Growth Driven by Middle East Oil Field Recovery
- The Wall Street Journal reportsOct 23SLB Logs Higher Revenue as Business in the Middle East Recovers
- Rigzone reportsOct 23SLB Sees Growth Driven by ME Oil Field Recovery
Sources (3)
- BloombergOct 23SLB Sees Growth Driven by Middle East Oil Field Recovery
- The Wall Street JournalOct 23SLB Logs Higher Revenue as Business in the Middle East Recovers
- RigzoneOct 23SLB Sees Growth Driven by ME Oil Field Recovery
Related
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