SLB N.V. (SLB.US) Q1 2026 Earnings Conference Call
Live time: Apr 24, 2026 15:00 UTC
SLB N.V. (SLB.US) Q1 2026 Earnings Conference Call
Live time: 04/24/2026 15:00:00 UTC
斯伦贝谢公司 (SLB.US) 2026 年第一季度业绩电话会
Summary
00:00
Opening Remarks by James R. McDonald
James R. McDonald, Senior VP of Investor Relations and Industry Affairs, welcomed participants to SOB Company's Q1 2026 Earnings Call, held from Houston following a board meeting in Midland, Texas, earlier this week. He outlined that today's statements include forward-looking elements subject to risks and uncertainties. Participants were also informed of non-GAAP financial metrics.
01:26
CEO Olivier Lapouche Business Overview
CEO Olivier Lapouche thanked employees and stakeholders in the Middle East for their resilience amid challenges. He discussed Q1 performance, noting disruptions in revenue due to Middle East conflicts impacting operations, particularly in Qatar and Iraq, and shared updates on strategic initiatives such as ShopREN X, digitalization, and data center projects.
05:55
Middle East Conflict and Market Outlook by Olivier Lapouche
Olivier Lapouche outlined the impact of Middle East conflicts on global energy dynamics, predicting short-term recovery variability between nations. He emphasized the long-term demand for diversified energy sources and strategic inventories, calling for increased upstream investment and a constructive macroeconomic environment post-conflict.
14:16
Financial Results by CFO Stephane Begay
CFO Stephane Begay reported Q1 net revenue at CHF 8.7 billion, up 3% YoY but down 6% excluding ChampionX acquisition impacts. Adjusted EBITDA margin reached 20.3%, affected by Middle East conflict logistics and raw material costs. Dividends and stock buybacks align with long-term shareholder return goals.
24:22
Near-Term Investment Cycle Questions — Analyst: Dave Anderson (Barclays)
CEO Olivier Lapouche discussed future investment cycle dynamics, including demands for replenishing commercial inventories and the structural importance of energy security promoting local resource diversity.
26:19
Offshore Developments Potential — Analyst: James West (Melius Research)
CEO Olivier Lapouche described OP’s economic prospects in offshore investments, particularly the ongoing development potential in Africa and South America, predicting faster final investment decisions driven by natural gas and deep-water resource dynamics.
31:29
Middle East Recovery Speed — Analyst: Arun Jayaram (JP Morgan)
CEO Olivier Lapouche outlined varied Middle Eastern country recovery timelines, describing rapid interventions for lightly impacted regions and long-term needs in damaged infrastructure modernization.
33:35
North American Digital Synergies — Analyst: Steve Richardson (Evercore ISI)
CEO Olivier Lapouche elaborated on SOB’s strategic partnership with S&P Global Energy leveraging digital insights, AI tools, and complementary upstream oil workflows for penetrating international data-support software integrations.
49:01
Growth Acceleration in SLB Solutions — Analyst: Sebastian Erskine (Rothschild and Redburn)
CEO Olivier Lapouche discussed SLB OneSubsea’s pipeline, emphasizing cross-industry aggregation through Gulfax Processing partnerships enhanced by recent acquisitions.
54:12
Profit Constraints From Supply Chain Conflict — Analyst: Neil Mehta (Goldman Sachs)
CFO Stephane Begay pinpointed logistics costs and raw material availability impacted by oil derivatives during the Middle Eastern crisis but highlighted offsetting direct contract negotiation results managed carefully before adjusting company securities worldwide.
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