However, these gains were partially offset by a 13% sequential decline in Middle East revenue due to operational disruptions related to regional conflict. Excluding the ChampionX acquisition, which contributed $870 million in revenue, second-quarter revenue decreased 5% YoY. Shares rose 2.3% following the results, reflecting investor approval of the company's performance outside the Middle East and its expanding Data Center Solutions business. Production Systems revenue grew 7% sequentially to $3.77 billion, supported by increased subsea activity and higher sales of artificial lift, valves, and production chemicals. Related articlesSLB beats estimates as production systems growth offsets Mideast; shares gainWolfe Research outlines eight risks that could spark stock declines in 2026Morgan Stanley CIO survey: Why AI hype isn't boosting 2026 IT budgets