SLB dropped 3% premarket, targets over $4bn shareholder returns

Schlumberger (SLB) dropped 3% premarket after Middle East war disruptions cut Q1 profit by 14%. Region revenue fell 13% to $2.69 billion as operations were pulled. Despite challenges, management expects post-conflict oil prices to stay elevated and reiterated plans to return over $4billion to shareholders in 2026.
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