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Schlumberger acquires ChampionX for $40.58 per share
PRIVATEJun 26, 2026•20 days ago
Acquiring Company
Schlumberger Limited
Acquired Company
ChampionX Corporation
NorwayMadhya PradeshEnergyOil And GasSoftwareRenewable EnergyManufacturingEnergyOil And Gas
Description
Schlumberger Limited has completed the acquisition of ChampionX Corporation at a price of $40.58 per share. The merger disclosure occurred on April 2, 2024, with the transaction closing on July 16, 2025. The process included prior offers increasing to $37.80 per share. ChampionX faced a class action lawsuit over the handling of the sale.
Company Information
Company
Schlumberger Limited
Location
Norway
About
Schlumberger Limited is the world's largest oilfield services company. It provides a range of services, including reservoir characterization, drilling, and production. The company operates in more than 120 countries worldwide. Schlumberger focuses on technology advancement in the energy sector.
Norway
Madhya PradeshEnergyOil And GasSoftwareRenewable EnergyManufacturingEnergyOil And Gas