This segment is from Thursday's edition of 'Digging for Value', in which sector analysts Joel South and Taylor Muckerman discuss energy & materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays & Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.

Differences in religions and moral beliefs must be understood by international corporations. Baker Hughes (NYSE:BHI) and Schlumberger (NYSE:SLB) are learning this lesson the hard way in Iraq. After a violent skirmish between Schlumberger and Shi'ite workers, the company's contract in the region could be in jeopardy. If these issues have long-term effects, Halliburton (NYSE:HAL) could be one company that steps up. Tune in below for more.

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Joel South owns shares of Schlumberger. Taylor Muckerman owns shares of Halliburton. The Motley Fool recommends Halliburton. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.