(Il Sole 24 Ore Radiocor) - Milano, 11 mar - The US oilfield services company SLB said that has begun demobilizing operations in a "few" Middle Eastern countries due to the conflict opposing Israel and the US against Iran.

The situation is also expected to affect the group's first quarter results.

SLB said that it continues to "closely monitor the unfolding situation in the Middle East and adapt its operations." "The safety and security of SLB's employees is the highest priority, and the company has activated local and regional crisis response teams that are meeting daily. Travel to and transit through the region have been suspended, and the company has begun to demobilize operations in a few countries in response to customer actions to safeguard personnel and facilities. These measures will continue as long as necessary until the environment in the region has stabilized," it added.

SLB added that revenue for the first quarter will be lower than expected, and that it expects to incur additional costs resulting in an impact of approximately 6-9 cents of earnings per diluted share for the first quarter. "Given the dynamic nature of the environment, these factors could change, and we will continue to closely monitor developments and their impact," it noted.

"Despite these near-term disruptions, SLB remains confident in the underlying resilience of its global business, including the Middle East. The company has dealt with numerous geopolitical crises throughout its 100-year history and has deep experience navigating these challenges while remaining focused on serving its global customer base," it.

concluded.

(RADIOCOR) 11-03-26 13:51:16 (0423) 5 NNNN