SLB (Schlumberger)
Canvas Category OEM : Petroleum and Coal
Our story begins with what it truly means to be a technology innovator. It stems from a common sense of purpose that unites the people of SLB who represent more than 172 nationalities. We provide the global energy industry with leading digital solutions and ground-breaking technologies that enable performance and sustainability, and our innovations help industry-at-large to decarbonize. With expertise in more than 120 countries, we work in close partnership with customers to create industry-changing technologies that unlock and decarbonize reliable energy for every community—including those we live and work in.
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SLB Announces Agreement to Acquire ChampionX in an All-Stock Transaction
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.