SLB to Acquire ChampionX Corporation in $7.75 Billion Deal

SLB, the top oilfield services provider, has announced a $7.75 billion deal to acquire ChampionX Corporation. The agreement has caused ChampionX’s shares to surge by 10%, reflecting positive market response. The acquisition comes at a time of significant changes in the energy sector, with a focus on meeting energy demand and accelerating decarbonization.