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SLB, Halliburton, Baker Hughes Q2 Earnings to Reveal Iran Conflict Impact

Major oilfield services companies including SLB, Halliburton, and Baker Hughes are set to report Q2 2025 earnings, expected to reveal the full impact of the Iran conflict. Analysts forecast a 31% profit decline for SLB.

July 20, 2026
3 min read
Source: GuruFocus.com
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Key Numbers

slb profit drop
31%

Major oilfield services companies, led by SLB (Schlumberger), Halliburton (HAL), and Baker Hughes (BKR), are preparing to announce their second-quarter 2025 results, with expectations that the numbers will fully reflect the impact of the Iran conflict on their Middle East operations. According to a report from GuruFocus, SLB's profit is expected to drop sharply by 31%.

Key Financial Results

CompanyExpected RevenueExpected Net ProfitEPS
SLBTBDDown 31% (estimated)TBD
Halliburton (HAL)TBDTBDTBD
Baker Hughes (BKR)TBDTBDTBD

Note: Exact figures have not been released yet; estimates are based on analyst forecasts.

Key Highlights

No official statements have been issued yet, but analysts point to Middle East disruptions, particularly in Iran, which have disrupted supply chains and increased operational costs for oilfield service companies. Lower crude oil prices may also pressure profit margins.

Future Guidance

No official guidance for the third quarter has been issued yet. Management is expected to provide updates on the impact of the conflict on future operations during earnings calls.

Stock Impact

Shares of SLB, Halliburton, and Baker Hughes have experienced volatility in recent weeks, with slight declines amid geopolitical uncertainty. Weak results could put further pressure on the stocks.

What This Means for Investors

Investors should closely monitor Q2 results as they will provide clear indicators of how the oilfield services sector has been affected by the Iran conflict. Future guidance will be crucial for assessing the companies' prospects in the second half of the year.

Frequently Asked Questions

The companies are SLB (Schlumberger), Halliburton (HAL), and Baker Hughes (BKR).

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.