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SLB Recovers Middle East Business Amid Iran Tensions
23 Oct
Summary
- SLB reported a 13% revenue increase in the Middle East during Q3.
- The company experienced gradual business recovery in the region.
- Disruptions from the Iran war affected business late in the quarter.
SLB, recognized as the world's largest provider of oil field services, has reported a positive trend in its Middle East business.
The company observed a steady improvement in its operations throughout the region. This recovery was quantified by a 13% rise in revenue during the third quarter when compared to the preceding period.
However, this positive trajectory was not without challenges. SLB noted that late in the third quarter, disruptions related to the Iran war impacted their business activities. Despite these intermittent issues, the overall performance reflects a gradual return to strength in a key market.
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