Schlumberger's $1.01 Billion Trading Day Lands 64th Despite Stock Decline

On March 27, 2025, Schlumberger (SLB) saw a trading volume of $1.01 billion, marking a significant increase of 101.44% compared to the previous day. This surge placed SLB at the 64th position in terms of trading volume for the day. However, despite the high trading volume, SLB's stock price decreased by 0.75%.

Schlumberger has provided an update on its planned acquisition of ChampionX. The deal, announced in April 2024, involves a definitive agreement for Schlumberger to purchase ChampionX. The combined portfolios are expected to drive customer value and enhance market competitiveness.

The UK's Competition and Markets Authority (CMA) has expressed concerns about Schlumberger's proposed takeover of ChampionX, warning that it could significantly impact competition within the UK market. The deal, already approved in the U.S., may now undergo a phase 2 investigation unless the companies present satisfactory measures to alleviate antitrust issues by April 3. Schlumberger hopes to finalize the acquisition by early Q2, pending regulatory reviews in several countries.

The acquisition of ChampionX by Schlumberger is valued at $7.8 billion. The CMA has given the companies a deadline of April 3 to offer measures that address the competition concerns. Schlumberger delayed the deal's closure last month, expecting the buyout to close by the end of Q1 or early in Q2. However, the UK regulator has flagged concerns over the proposed acquisition, anticipating a further delay to the closing of the deal, which is now expected to happen in the second quarter or early third quarter of 2025.