SLB Q1 Profit Declines as Middle East Disruptions Weigh on Oilfield Services
SLB reported a decline in first-quarter profit after disruptions tied to the Iran conflict reduced demand for oilfield services across the Middle East and Asia. The company said revenues in the region fell 10% to $2.69 billion and total quarterly revenue was $8.72 billion. Net income attributable to the company was $752 million, or 50 cents per sha…