Summary
SLB LIMITED/NV (SLB) has issued a Form 8-K on March 11, 2026, to disclose an update on its Middle East operations and its first-quarter financial outlook. The company is actively responding to the unfolding geopolitical situation in the region by prioritizing employee safety, suspending travel, and demobilizing operations in certain countries. These measures are temporary and will be phased out as conditions stabilize, with SLB working closely with local authorities and customers. As a result of these disruptions, SLB anticipates a reduction in its first-quarter revenue and expects additional costs that will negatively impact earnings per diluted share by approximately 6-9 cents. Despite these near-term challenges, SLB reiterates its confidence in the underlying resilience of its global business, drawing on its extensive experience navigating geopolitical crises over its 100-year history. The company remains focused on serving its global customer base.
Key Highlights
- 1SLB is actively responding to geopolitical developments in the Middle East, prioritizing employee safety and adapting operations.
- 2Travel to and transit through the Middle East region have been suspended.
- 3Operations in a few countries are being demobilized in response to customer actions to safeguard personnel and facilities.
- 4SLB expects first-quarter revenue to be lower than initially forecast.
- 5Additional costs are anticipated, leading to an estimated negative impact of 6-9 cents on first-quarter earnings per diluted share.
- 6The company expresses confidence in the long-term resilience of its global business, including its Middle East operations.
- 7SLB has a history of navigating geopolitical crises and remains focused on serving its customers.