XLE & Oil

SLB tops profit estimates as global oilfield activity improves

Oil & Gas 360·Oct 23, 2026 · 2:30 PM CT
Readthrough summary

SLB beat expectations with third-quarter adjusted earnings of $0.64 a share on revenue of $9.45 billion, up 6% from a year earlier. North America revenue jumped 24% to $2.40 billion, while Middle East and Asia revenue rose 9% from the prior quarter but stayed below last year because of geopolitical disruption.

Summary written by Readthrough from the original article. The full story, with photos and any updates, is at Oil & Gas 360.

More XLE & Oil

Rigzone·

Brent Tops $116 as Middle East Risks Grow

Brent crude ended the week at its highest since April, settling just below $117 after a weekly gain of more than 6%, as Houthi attacks on Saudi Arabia added to supply fears from the US-Iran war. WTI closed above $103.

DOE News·

Energy Department Authorizes Strategic Petroleum Reserve Exchange to Support Fuel Supply Stability

The Energy Department authorized an emergency exchange of up to 400,000 barrels of crude from the Strategic Petroleum Reserve to ease fuel supply problems in Louisiana and the surrounding region.

DOE News·

Energy Department Designates Helium as Critical Material to Strengthen American Manufacturing and Supply Chain Security

Energy Secretary Chris Wright designated helium as a critical material under the Energy Act of 2020, citing its role in semiconductor manufacturing and advanced energy technologies.

OilPrice.com·

Trump Targets $6.2 Billion Offshore Wind Project Nearing Completion

The Trump administration has filed a motion in a federal lawsuit seeking to rescind the Interior Department's approval of Revolution Wind, a $6.2 billion offshore wind project off Rhode Island that is nearing completion. It would be Connecticut's first offshore wind supply. The case was originally brought in 2024 by the anti-wind group Green Oceans.