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StocksMediumUpdated×3•Originally published 24 April 2026•Updated 24 April 2026•

1 min read

SLB Q1 Revenue Climbs to $8.72 Billion on Strong International Demand

Key Facts

1SLB Q1 revenue rose 3% to $8.72 billion, driven by broad international growth.

2Geopolitical disruptions and revised spending in the Middle East impacted the company's results in that region.

about 1 month ago

Version History

Version 3about 1 month ago

What changed: Updated the story to include SLB's plans to pass supply chain costs to customers and the anticipated growth in exploration spending due to the Iran conflict.

Version 2about 1 month ago

What changed: Added Baker Hughes' spending outlook and the strategic shift toward North American investments due to supply disruptions.

Version 1about 1 month ago

What changed: Updated the story to include the EPS beat, 9% growth in digital revenues, and the positive impact of the ChampionX acquisition.

SLB reported a 3% year-over-year increase in first-quarter revenue to $8.72 billion, driven by strong international demand and an EPS beat. The company now plans to pass on supply chain disruption costs stemming from the conflict with Iran directly to its customers. This strategic move comes amid expectations of increased global exploration spending as the industry responds to supply shortages caused by the Iran crisis. SLB's digital segment grew by 9%, while the ChampionX acquisition continues to bolster the firm's financial structure. Management remains optimistic for 2024, citing robust demand and a resilient pivot toward high-growth basins despite heightened geopolitical volatility.