Schlumberger (SLB) warned that first-quarter revenue will fall short of expectations. The oilfield services giant cited significant operational disruptions across the Middle East.
The company suspended travel and transit through the region. It also began demobilizing operations in several unspecified countries.
This is the first financial warning from a major S&P 500 company regarding the conflict's impact. SLB expects to incur additional expenses between 6 and 9 cents per share.
Schlumberger shares fell 2% in pre-market trading following the announcement. Geopolitical tensions continue to affect logistics and project timelines for energy companies with regional exposure.