SLB Earnings: Well-Positioned to Outperform Peers With Innovation Solutions

SLB's first-quarter revenue of $8.7 billion was up 3% year on year, aided by the acquisition of ChampionX. Still, adjusted EBITDA margin declined 346 basis points year on year to 20.3%. The conflict in the Middle East posed a meaningful margin headwind due to volume deleverage from shut-ins.