Once the deal is complete, ChampionX shareholders will own about 9% of the combined company. SLB shares closed on Monday at $55.22 and ChampionX at $35.40.

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.

HOUSTON, February 25, 2025--SLB (NYSE: SLB) today announced that, in connection with SLB’s planned acquisition of ChampionX, all applicable waiting periods under the U.S. Hart-Scott-Rodino (HSR ...

The entrance to oilfield service provider SLB’s office, in Houston, Texas, U.S., showing the former Schlumberger's new name and logo is seen in this handout image taken in June 2023.

Schlumberger Limited (NYSE:SLB) is the world’s leading provider of technology for reservoir characterization, drilling, production, and processing to the global energy industry. The company’s ...