When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
CHX - Schlumberger Has Significant Upside Potential With ChampionX
ChampionX Corporation
2024-04-21 14:27:47 ET
Summary
Schlumberger announced their acquisition of ChampionX on April 1, 2024, adding significant upside potential to both firms by bringing production chemicals to the international market.
Management increased their shareholder benefits from $2.5b to $3b for 2024 and $4b in 2025.
International well development and domestic enhanced oil recovery and CCUS will drive growth for Schlumberger in 2024-2025.