SLB Q2 2026: Middle East conflict cuts revenue 13% regionally; ChampionX adds $1.7B

Filed July 29, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 24, 2025 · ~2 min read

Key Changes

• high

  Middle East revenue fell 13% sequentially to $1.66 billion due to severe operational disruptions from regional conflict; year-over-year decline of $0.7 billion (12%) in the region.

  MD&A: Middle East conflict impact verify on EDGAR →
• high

  ChampionX acquisition (closed July 2025) contributed $1.7 billion revenue and $307 million pretax operating income in first half 2026; excluding ChampionX, Production Systems revenue declined 3% year-over-year.

  MD&A: ChampionX acquisition impact verify on EDGAR →
• high

  Issued $2.0 billion in senior notes (4.55%-5.15% coupons, 2031-2036 maturities) during Q2 2026; net debt rose to $8.7 billion from $7.4 billion at year-end 2025.

  MD&A: debt issuance; Notes: new senior notes verify on EDGAR →