Tag: ChampionX

Oilfield Services Giant SLB To Acquire ChampionX, Return $7 Billion To Shareholders

Oilfield services giant SLB on Tuesday announced plans to acquire chemistry solutions and drilling technology provider ChampionX (CHX). SLB stock retreated early Tuesday while CHX stock, an S&P Midcap 400 component, jumped. X SLB (SLB), formerly Schlumberger, plans to purchase ChampionX in an all-stock transaction. ChampionX’s board of directors unanimously approved the deal. Under terms […]