In Q1 2026, Halliburton reported $5.4 billion in revenue, flat year-over-year, with net income nearly doubling to $461 million. SLB's revenue increased 3% to $8.7 billion, while Baker Hughes saw a 2% rise in revenue to $6.6 billion, driven by its Industrial & Energy Technology segment. All three companies noted the impact of geopolitical disruptions in the Middle East on their earnings.
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