ChampionX Acquired by SLB | Energy M&A Deal

SLB has completed the acquisition of ChampionX, a oilfield services business in Texas, for $8.72 billion. SLB acquisitions add ChampionX capabilities across well construction, production systems, and reservoir performance, supporting energy M&A integration in Houston, TX. ChampionX revenue and adjusted EBITDA contributions were reflected in SLB first-quarter 2026 results, with $838 million of revenue and $199 million of adjusted EBITDA from the acquired businesses. The strategic acquisition was structured as an add on acquisition within SLB’s portfolio, with energy deals TX focus on expanding oilfield services offerings. SLB acquisitions of ChampionX were announced as part of broader strategic acquisition activity, with deal completion occurring in 2025 and financial impacts carried into 2026.