SLB Completes Acquisition of ChampionX, Expanding Presence in High-Growth Production Market

Reuters07-16

SLB Completes Acquisition of ChampionX, Expanding Presence in High-Growth Production Market

SLB $(SLB)$ has completed its acquisition of ChampionX Corporation, as previously announced. Under the agreement, ChampionX shareholders received 0.735 shares of SLB common stock per ChampionX share, resulting in former ChampionX shareholders owning about 9% of SLB's outstanding shares. This strategic acquisition enhances SLB's portfolio, particularly in production chemicals and complementary technologies like artificial lift and digital solutions, positioning the company to optimize production and reduce costs for customers. The integration aims to deliver significant value through synergies and expanded capabilities in production and reservoir recovery.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Schlumberger Ltd. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250715857114) on July 16, 2025, and is solely responsible for the information contained therein.

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Under the agreement, ChampionX shareholders received 0.735 shares of SLB common stock per ChampionX share, resulting in former ChampionX shareholders owning about 9% of SLB's outstanding shares. This strategic acquisition enhances SLB's portfolio, particularly in production chemicals and complementary technologies like artificial lift and digital solutions, positioning the company to optimize production and reduce costs for customers. The integration aims to deliver significant value through synergies and expanded capabilities in production and reservoir recovery.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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