Latest development3 months ago
SLB Q2 Earnings Beat Boosts Outlook for Energy Services Sector
SLB surpassed Q2 2026 earnings and revenue estimates, driving increased investor interest in energy-focused exchange-traded funds.
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SLB reported mixed Q2 2026 financial results, with revenue growing 5% year-on-year to $8.97 billion, driven by international and North American markets. Despite a 21% drop in pre-tax income to $1.018 billion, the company posted earnings per share of $0.55, surpassing analyst estimates. Following its fourth consecutive quarter of beating expectations, SLB's stock surged 11%. Net income attributable to the company on a GAAP basis stood at $786 million for the period.
SLB surpassed Q2 2026 earnings and revenue estimates, driving increased investor interest in energy-focused exchange-traded funds.
Read the full storyThe energy services firm posted EPS of $0.55 and $8.97 billion in revenue, beating analyst estimates for the fourth consecutive quarter.
SLB posted $8.97 billion in Q2 revenue, up 5% year-on-year, but saw a 21% decline in GAAP income before taxes.