SLB Warns of Potential $150M Hit from Lingering Mideast Conflict

Oilfield contractor SLB is bracing for a significant impact on its finances if the Middle East conflict persists. According to recent data, revenue from the region dropped by 13% in the second quarter compared to the first.

The potential financial hit could amount to $150 million, a substantial sum that would likely have a noticeable effect on SLB's bottom line.

SLB CEO Olivier Le Peuch has not commented directly on the situation, but his company is clearly taking steps to prepare for any possible outcomes of the ongoing conflict.