Saipem Cuts Earnings Outlook as Middle East Costs Rise

🇮🇹 Offshore Engineer (IT) —
Saipem Cuts Earnings Outlook as Middle East Costs Rise

AI Summary

Italian oil and gas contractor Saipem has downgraded its 2026 core earnings outlook due to rising costs linked to the ongoing Middle East crisis. The company's financial revision reflects increased operational challenges in the region.

Italian oil and gas contractor Saipem on Monday revised down its expectations for 2026 core earnings to take into account extra costs linked to the Middle East crisis…

World Conflict Markets Energy Saipem earnings outlook Middle East crisis oil and gas cost increase

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