Canvas Category Machinery : Special Purpose : Petroleum and Coal

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Primary Location The Woodlands, Texas, United States

Financial Status NASDAQ: CHX

ChampionX is a global leader in chemistry programs and services, artificial lift solutions, automation and optimization equipment, and drilling technologies for the upstream and midstream oil and gas industry. Our expertise, innovative products, and digital technologies provide enhanced oil and gas production, transportation, and real-time emissions monitoring throughout the lifecycle of a well. Our world-class safety culture fuels our purpose to improve lives through our commitment to deliver sustainable operations.

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SLB Announces Agreement to Acquire ChampionX in an All-Stock Transaction

📅 Date:

🔖 Topics: Acquisition

🏢 Organizations: SLB, ChampionX

SLB and ChampionX Corporation announced a definitive agreement for SLB to purchase ChampionX in an all-stock transaction. The agreement was unanimously approved by the ChampionX board of directors.

SLB’s acquisition of ChampionX comes at an important time in the industry. The production phase of oil and gas operations typically comprises the majority of an asset’s life cycle from completion through decommissioning. This places a premium on service providers’ ability to help customers address challenges across the entirety of their production system. At the same time, there is growing demand to scale emerging technologies such as AI and autonomous operations across global operations.

Read more at SLB News