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.

ChampionX shareholders will receive 0.735 SLB shares for each share of ChampionX they already own. Once the deal is complete, ChampionX shareholders will own about 9% of the combined company.

SLB had a productive Q3 2024 earnings result, with revenue growing by a solid 10% YoY to $9.2 billion. Adjusted EPS also grew by 14% over the prior year period and by 5% sequentially.

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 ...

Schlumberger Limited (NYSE:SLB) is one of the 10 Best Oil and Gas Stocks to Buy Now. On April 28, Stifel analysts lowered the price target for Schlumberger Limited (NYSE:SLB) from $58 to $54 but ...

Trefis estimates SLB’s Q2 2023 revenues to be around $7.4 billion, in line with the consensus estimate. In Q1, SLB’s adjusted EBITDA jumped 43% year-over-year (y-o-y) to $1.8 billion, and ...

The latest trading session saw Schlumberger (SLB) ending at $42.19, denoting a -0.02% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a gain of 0.67% ...

Top oil services company SLB beat quarterly profit estimates on Friday as rising oil demand boosted its international drilling and oilfield equipment sales, offsetting weaker demand in North America.

SLB stock has seen extremely strong gains of 175% from levels of $20 in early January 2021 to around current levels, vs. an increase of about 25% for the S&P 500 over this roughly 3-year period.