Schlumberger Limited Completes Acquisition of ChampionX Corporation

Details

Each share of ChampionX common stock was exchanged for 0.735 shares of SLB common stock, and ChampionX equity incentive awards were converted accordingly. The issuance of SLB common stock in the Merger was registered under the Securities Act of 1933. SLB also issued a press release on the same day announcing the completion of the Merger. This Form 8-K includes the Agreement and Plan of Merger as an exhibit.

Items reported

Exhibits (1)

About Schlumberger Limited

Schlumberger Limited is a leading provider of technology and services to the global oil and gas industry. The company's primary function is to supply oilfield services and technology solutions that enhance reservoir performance and improve drilling operations. Schlumberger's offerings span the entire life cycle of energy projects, including drilling, formation evaluation, well completion, and production optimization. It significantly impacts sectors such as exploration and production, providing data and analytics that increase the efficiency and effectiveness of energy extraction. Known for its commitment to innovation, Schlumberger operates in over 120 countries, enabling it to deliver tailored solutions on a global scale. Its role in the financial market is prominent, as it is often considered a bellwether for the energy industry's overall health, influencing both upstream and integrated energy operations. Through its sustainable practices and technological advancements, Schlumberger continues to drive progress within the energy sector.