Halliburton, Baker Hughes may see deal pressure after SLB's buying spree, industry experts say [Yahoo! Finance]
ChampionX Corporation (CHX)
Company Research
Source: Yahoo! Finance
service companies to follow the steps of bigger rival SLB in beefing up their portfolios through deals, industry experts said. SLB made a nearly $8 billion bid for ChampionX earlier this month to add new technology offerings, its second acquisition this year and the biggest purchase since 2016. "For Halliburton, Baker Hughes, they're going to get pressure from their investors, (not only) to get scale, but also fill gaps in their product offering," said Matthew Hale, vice president for supply chain at consultancy firm Rystad Energy. The oilfield service industry, which was struggling with high debt and spending cuts by its customers, is once again back on its feet, thanks to a recovery in oil prices and demand since 2021. Industry insiders said improving balance sheets and margins could help kick-start dealmaking at a smaller scale. "I don't think there is an urge for Baker or Halliburton to seek large acquisitions... I could see them do small acquisitions that can enhance th
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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