SLB reported a solid second quarter with revenue of about $8.97 billion and adjusted earnings per share of $0.55, beating analyst expectations despite a 13% Middle East revenue decline tied to regional disruption. Growth was broad-based internationally, led by the Production Systems and Digital divisions, while U.S. unconventional activity and offshore demand supported a 5% year-over-year revenue lift. A significant portion of growth came from North America, helping offset weaker Middle East activity and reinforcing the company’s diversified, global footprint. Net income came in around $786 million for the quarter, with adjusted earnings also rising despite year-over-year declines in some segments, and six-month results showed a similar pattern of modest annual improvements alongside regional headwinds. Investor response was positive, with shares rising as the results highlighted resilience and ongoing momentum in international markets, even as the company acknowledged ongoing disruptions in the Middle East. Some market analyses note a valuation premium relative to historical norms, underscoring a careful balance between growth prospects and price considerations for SLB.