Schlumberger's $612M Trading Volume Ranks 163rd Amid Stock Decline and ChampionX Merger Approval

On July 15, 2025, Schlumberger's trading volume reached $612 million, marking a 32.75% increase from the previous day, ranking 163rd in the day's stock market activity. However, Schlumberger's stock price fell by 3.18%, marking the second consecutive day of decline, with a total decrease of 6.00% over the past two days.

Schlumberger has received approval from the UK's Competition and Markets Authority (CMA) for its acquisition of ChampionX. This clearance resolves the final regulatory hurdle for the merger, which is expected to close on July 16, pending final conditions. The merger involves a Schlumberger subsidiary merging with ChampionX, with the latter surviving as part of Schlumberger. This regulatory approval is a significant milestone for Schlumberger, as it removes a key uncertainty that has been a driver of the company's valuation discount in recent quarters.

The CMA's acceptance of undertakings from Schlumberger and ChampionX has paved the way for the merger to proceed without the need for an in-depth, phase 2 investigation. This development is expected to have a positive impact on Schlumberger's stock price, as it eliminates a major regulatory risk and paves the way for the completion of the acquisition. The merger is part of Schlumberger's strategy to expand its portfolio and strengthen its position in the energy services sector.