Schlumberger stock price drops on warning of Middle East business disruption

LootboxPhobia · 2026-03-11T20:05:52+00:00

Schlumberger's stock price fell by 2% as it became the first S&P 500 company to issue a negative warning regarding Middle East events. The company has suspended travel to the Middle East and expects first-quarter revenue to be below expectations, with an additional 6 to 9 cents per share in expenses. This warning reflects the financial risks faced by companies operating in the region due to the Middle East conflict.

LootboxPhobia

2026-03-11 20:05:52

Abstract generation in progress

Schlumberger stock price drops 2% pre-market on Wednesday, after becoming the first S&P 500 component to issue a negative warning regarding events in the Middle East.

The oilfield services company announced it has suspended travel and transit to the Middle East and has begun withdrawing operations from several countries in the region.

The company warned that these disruptions will result in first-quarter revenue falling below expectations.

Schlumberger expects that operational adjustments will incur additional costs of approximately 6 to 9 cents per share.

The company did not specify which countries are affected by the withdrawal or provide a timeline for potential business recovery.

This warning marks the first major company to officially warn about the financial impact of ongoing conflicts in the Middle East. While Schlumberger’s exposure in the region is somewhat unique, this update highlights the potential risks faced by other companies operating in the area during the first and second quarters.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.