SLB (formerly Schlumberger): International market growth will offset the impact of Middle East conflicts on second-quarter revenue and earnings.
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The revenue in the international market for the second quarter is expected to achieve mid-to-high single-digit growth. Revenue in North America for the second quarter is expected to remain flat compared to the previous quarter. Compared to the first quarter, Middle East conflicts are expected to reduce second-quarter earnings per share by 6 to 8 cents. Currently, operations in the Middle East are on standby, and we are working closely with clients to quickly mobilize equipment once the conflict subsides. Once the conflict is resolved, some countries in the Middle East are expected to expand their production capacity.
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