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SLB Q1 2026: Middle East Bleeds the Legacy Business While ChampionX and Digital Hold the P&L Together

SLB Q1 2026: Middle East Bleeds the Legacy Business While ChampionX and Digital Hold the P&L Together

SLB | NYSE | Source data: Q1 2026 earnings release, 8-K filed April 24, 2026 (SEC accession 0001193125-26-174940), prior 10-Q/10-K filings. WTI/Henry Hub quarterly context per FRED daily price series. Executive Summary SLB entered 2026 as a structurally different company than it was twelve months

Production Services Q1 Verdict: North America Holds, But the Thesis Needs Revising

Production Services Q1 Verdict: North America Holds, But the Thesis Needs Revising

Baker Hughes Q1 data scores the 2026 production optimization thesis: North America steady at +1%, international under pressure. RPC and Newpark haven't reported yet. What $91 WTI means for service spend — and why CO2-EOR may be the sector's next demand driver.