SLB ANTICIPATES MIDDLE EAST CONFLICT WILL IMPACT Q2 EARNINGS BY 6-8 CENTS PER SHARE RELATIVE TO Q1 - CONFERENCE CALL
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 24 2026
0mins
Should l Buy SLB?
Source: moomoo
- Earnings Expectations: The company anticipates a decrease in Q2 earnings by 6-8 cents per share compared to Q1.
- Impact of Conflict: The ongoing conflict in the Middle East is expected to influence the company's financial performance.
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Analyst Views on SLB
Wall Street analysts forecast SLB stock price to fall
16 Analyst Rating
16 Buy
0 Hold
0 Sell
Strong Buy
Current: 53.000
Low
43.00
Averages
48.71
High
55.00
Current: 53.000
Low
43.00
Averages
48.71
High
55.00
About SLB
SLB N.V. is a global technology company. The Company’s segments include Digital, Reservoir Performance, Well Construction, Production Systems, and All Other. Digital segment includes products, services, and solutions that span the energy value chain from subsurface characterization through field development and hydrocarbon production to carbon management and the integration of adjacent energy systems. Reservoir Performance segment consists of reservoir-centric technologies and services that are critical to optimizing reservoir productivity and performance. Well Construction segment provides operators and drilling rig manufacturers with services and products related to the design and construction of a well. Production Systems segment develops technologies and provides expertise that enhances production and recovery from subsurface reservoirs to the surface, into pipelines, and to refineries. All Other segment includes asset performance solutions, data center solutions and SLB Capturi.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Pipeline Capacity Enhancement: The East-West Pipeline reached a maximum capacity of 7 million barrels per day, proving to be a critical supply artery that effectively mitigated shipping constraints in the Strait of Hormuz, ensuring stable energy supply for customers.
- Oil Price Volatility Impact: The Iranian blockade of the Strait of Hormuz led to a 95% surge in global oil prices during Q1, with Brent crude futures closing at $101.29 per barrel, highlighting market sensitivity to supply disruptions.
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- Supply Diversification Demand: The closure of the Strait has underscored Asian economies' dependence on Middle Eastern crude oil and LNG, prompting nations to reassess their energy security and seek diversified supplies to mitigate risks in the future.
- Inventory Rebuilding Plans: Due to war impacts, global oil inventories have been hit, and countries are expected to rebuild stockpiles above historical levels to ensure energy security, further driving demand for U.S. crude.
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- Stable Labor Market: Initial US unemployment claims rose by 10,000 to 200,000, below expectations of 205,000, indicating labor market resilience, while continuing claims unexpectedly fell to a 2.25-year low of 1.766 million.
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