Schlumberger Is Thinking 10 Years Ahead With The ChampionX Acquisition [Seeking Alpha]
Schlumberger N.V. (SLB)
Last schlumberger n.v. earnings: 4/17 06:50 am
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Source: Seeking Alpha
The Company is getting the leading spot in a new market and a less risky cash flow stream. SLB is positioning for the 2030s when the E&P spending is expected to transition from new development (capex) to more production optimization (opex). Investment Thesis Schlumberger Limited ( NYSE: SLB ) announced this past Tuesday it would acquire ChampionX ( CHX ) in an all-stock deal valued at $8 billion; this is quite a significant transaction even for a behemoth like SLB as post-close, the ChampionX shareholders will control 9% of the combined company. While management has offered several reasons for the acquisition, the main benefit from SLB perspective appears to be establishing leadership in production chemicals, a segment where Schlumberger wasn't dominant so far. Moreover, production chemicals is an "opex business", meaning it is funded by the ongoing production expenses of its exploration and production (E&P) customers. Unlike drilling and completions services, which depend
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SLB
News
- Schlumberger Limited (NYSE: SLB) was downgraded by analysts at Wells Fargo & Company from an "overweight" rating to an "equal weight" rating. They now have a $53.00 price target on the stock, down previously from $68.00.MarketBeat
- Schlumberger Limited (NYSE: SLB) was downgraded by analysts at Wells Fargo & Company from an "overweight" rating to an "equal weight" rating. They now have a $53.00 price target on the stock, down previously from $68.00.MarketBeat
- Pump Jack Market Size Valuation to Reach US$ 6 Billion by 2034, With a 5.8% CAGR | Future Market Insights, Inc. [Yahoo! Finance]Yahoo! Finance
- Schlumberger Limited (NYSE: SLB) had its "overweight" rating re-affirmed by analysts at Morgan Stanley. They now have a $65.00 price target on the stock.MarketBeat
- Schlumberger Limited (NYSE: SLB) had its "buy" rating re-affirmed by analysts at Stifel Nicolaus. They now have a $64.00 price target on the stock.MarketBeat
SLB
Earnings
- 4/19/24 - Beat
SLB
Sec Filings
- 4/29/24 - Form S-4
- 4/24/24 - Form IRANNOTICE
- 4/24/24 - Form 10-Q
- SLB's page on the SEC website