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Apr 2, 2024 · SLB will increase its total returns to shareholders to a target of $3 billion in 2024; sets target for returns to shareholders of $4 billion in 2025. HOUSTON, April 02, 2024 —SLB (NYSE: SLB) and ChampionX Corporation (NASDAQ: CHX) today announced a definitive agreement for SLB to purchase ChampionX in an all-stock transaction.
Apr 3, 2024 · On April 2, SLB agreed to officially acquire its smaller rival, oilfield service provider ChampionX, in a $7.8 billion all-stock deal. According to Bloomberg, this deal values ChampionX at $40.59 ...
Apr 2, 2024 · Top oilfield services company SLB said on Tuesday it will buy smaller rival ChampionX in an all-stock deal valued at $7.75 billion, amid growing consolidation in the North American energy sector.
Apr 2, 2024 · Acquisition strengthens SLB as a leader in production space, with world-class production chemicals and artificial lift technologiesCombined portfolios will drive customer value through deep ...
Apr 2, 2024 · Photo: slb/Reuters. Oilfield services giant SLB said it has agreed to buy ChampionX in an all-stock deal valued at about $7.8 billion. ChampionX shareholders will receive 0.735 SLB shares for each ...
- Will Feuer
Apr 2, 2024 · It’s SLB’s second acquisition in a week and its biggest purchase since 2016. The entrance to oilfield service provider SLB’s office in Houston, Texas, showing the former Schlumberger’s new ...
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Apr 2, 2024 · Oil producers are shifting their budget strategy, spending more on operating and maintaining wells and less on drilling and fracking, according to Rystad Energy data cited by SLB in its presentation. The acquisition will help SLB in two main service areas: production chemicals to keep the wells flowing, and artificial lift technology, which ...
