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Mergers & AcquisitionsMediumUpdated×3•Originally published 24 April 2026•Updated 24 April 2026•

1 min read

SLB Profit Declines in Q1 Amid Geopolitical Disruptions in Iran

Key Facts

1SLB is expected to announce the acquisition of S&P Global Energy Inc.’s geoscience and petroleum-engineering software business.

2The move aims to enhance SLB's in-house technology for analyzing and modeling subterranean oil and natural gas deposits.

about 1 month ago

Version History

Version 3about 1 month ago

What changed: The story was updated with comments from CEO Olivier Le Peuch regarding Middle East disruptions and the impact of geopolitical tensions on the company's forward-looking guidance.

Version 2about 1 month ago

What changed: The focus shifted from a strategic acquisition to a negative financial performance update, with SLB reporting a profit decline attributed to geopolitical instability in Iran.

Version 1about 1 month ago

What changed: Updated the story from preliminary reports to a definitive binding agreement, specifying the acquired software assets and the new strategic data partnership and AI platform launch.

SLB reported a decline in its first-quarter profit as geopolitical disruptions and the conflict in Iran weighed heavily on demand for oilfield services. Chief Executive Olivier Le Peuch characterized the start of the year as challenging due to widespread disruptions across the Middle East, noting that these tensions have clouded the future outlook for operations. This financial setback comes amid SLB's strategic move to acquire S&P Global’s geoscience software business, including industry-standard tools like Kingdom Software and Petra. In tandem, S&P Global has launched its Titan AI platform as part of a long-term data distribution partnership with SLB. The shift in performance underscores the challenges of navigating volatile energy markets despite ongoing investments in advanced analytics. SLB remains committed to integrating these digital assets to streamline subsurface data analysis and offset regional operational hurdles.