Analysts, SLB Execs See Stability in $7.7B ChampionX Deal [Yahoo! Finance]
ChampionX Corporation (CHX)
Company Research
Source: Yahoo! Finance
And some of the largest deals have yet to close: Chevron 's deal to buy Hess Exxon Mobil's power play for Pioneer Natural Resources ; and Diamondback's transaction for Endeavor In those deals, and others, most acquirers aim to slow down the pace of drilling and preserve core inventory. SLB 's all-stock $7.74 billion deal to buy ChampionX announced April 2 , may have been, in part, a reaction to that. TD Cowen analyst Marc Bianchi wrote in an April 2 commentary that while SLB had made an attractive deal, “we wonder if this is also a consequence of slowing upstream spending growth.” Analysts generally welcomed the deal, particularly the addition of ChampionX's chemicals business to SLB's own. The deal also appears to strengthen SLB's position as a frontrunner in well optimization and resource recovery. Olivier Le Peuch, CEO and director of SLB, pitched the deal on a conference call as a way to add some safety rails in a business that is often choppy as commodity prices fluctuate
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CHX
News
- STOCKHOLDER ALERT: The M&A Class Action Firm Continues Investigating the Merger – KTRA, CHX, NVEI, ADTHGlobeNewswire
- ChampionX (CHX) Reports Q1 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
- ChampionX Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- ChampionX Reports First Quarter 2024 ResultsGlobeNewswire
- Schlumberger Limited (NYSE:SLB) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
CHX
Earnings
- 4/24/24 - Beat
CHX
Sec Filings
- 4/25/24 - Form IRANNOTICE
- 4/25/24 - Form 10-Q
- 4/24/24 - Form 8-K
- CHX's page on the SEC website