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Schlumberger ( (SLB) ) just unveiled an update.
On April 2, 2024, Schlumberger Limited entered into a Merger Agreement to acquire ChampionX Corporation in an all-stock transaction. The U.K. Competition and Markets Authority cleared the merger on July 15, 2025, marking the final regulatory approval needed. The merger is expected to be completed on July 16, 2025, subject to remaining conditions, and will result in ChampionX becoming a wholly owned subsidiary of Schlumberger. This acquisition is anticipated to enhance Schlumberger’s market position and operational capabilities in the oilfield services sector.
The most recent analyst rating on (SLB) stock is a Buy with a $69.00 price target. To see the full list of analyst forecasts on Schlumberger stock, see the SLB Stock Forecast page.
Spark’s Take on SLB Stock
According to Spark, TipRanks’ AI Analyst, SLB is a Outperform.
Schlumberger’s overall stock score reflects its strong financial performance and attractive valuation, tempered by operational challenges and mixed technical indicators. The company’s strategic focus on digital and low carbon markets offers growth potential, but regional challenges and economic uncertainties weigh on the outlook.
To see Spark’s full report on SLB stock, click here.
More about Schlumberger
Schlumberger Limited, a Curaçao corporation, operates in the oilfield services industry, providing technology and services to the energy sector. The company focuses on delivering innovative solutions for reservoir characterization, drilling, production, and processing to optimize performance and efficiency.
Average Trading Volume: 14,517,359
Technical Sentiment Signal: Sell
Current Market Cap: $50.75B
For an in-depth examination of SLB stock, go to TipRanks’ Overview page.