Middle East Conflict Operational Impact
Middle East revenue fell 13% sequentially in 2026-Q2 to $1.66B due to operational disruptions, shut-ins, and security challenges from ongoing conflict, though overall international revenue still grew 3% sequentially supported by Latin America, Europe & Africa, and Asia.
Division Performance in Digital and Production Systems
Digital segment revenue grew 9% sequentially to $697M with pretax operating margins expanding 683 bps to 28%, while Production Systems revenue rose 7% sequentially to $3.77B led by SLB OneSubsea and artificial lift growth.
Impact of ChampionX Acquisition on Six-Month Results
For the first six months of 2026, total revenue reached $17.69B (+4% YoY), boosted by $1.7B in revenue and $307M in pretax operating income from the acquired ChampionX business; excluding ChampionX, revenue decreased 6% YoY.