Schlumberger Trading Volume Plummets 46.61% to 154th Position Amid Acquisition Concerns

On March 28, 2025, Schlumberger (SLB) experienced a significant drop in trading volume, with a 46.61% decrease from the previous day, totaling $539 million. This placed SLB at the 154th position in terms of trading volume for the day. The stock price of SLB declined by 0.52%, marking the second consecutive day of decline, with a total decrease of 1.27% over the past two days.

Schlumberger has been actively pursuing the acquisition of ChampionX, a deal initially announced in April 2024. The acquisition aims to enhance customer value through the combined portfolios of both companies, leveraging industry expertise and digital integration. The UK's Competition and Markets Authority (CMA) has expressed concerns about the potential impact of this merger on market competition, particularly in the UK. The CMA has given the companies until April 3 to address these concerns and provide satisfactory measures to alleviate antitrust issues. If the companies fail to do so, the deal may undergo a phase 2 investigation. Despite these regulatory hurdles, Schlumberger remains optimistic about finalizing the acquisition by early Q2, pending regulatory reviews in several countries.