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Championx Corporation

25.81

0.0000

Volume:- -

Turnover:- -

Market Cap:4.94B

PE:17.10

High:25.81

Open:25.81

Low:25.81

Close:25.81

52wk High:35.94

52wk Low:21.92

Shares:191.44M

Float Shares:189.40M

Volume Ratio:- -

T/O Rate:- -

Dividend:0.38

Dividend Rate:1.47%

EPS(TTM):1.51

EPS(LYR):1.68

ROE:16.83%

ROA:9.44%

PB:2.58

PE(LYR):15.36

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Overview Company News Filings

ChampionX Keeps Quarterly Dividend at $0.095 a Share, Payable July 25 to Holders of Record on July 3

MT Newswires Live

Press Release: ChampionX Declares Quarterly Dividend

ChampionX Is Maintained at Buy by Stifel

BUZZ-Citigroup lowers PT on US-based oilfield service companies

ChampionX Corp : Stifel Raises Target Price to $40 From $39

THOMSON REUTERS

Analysts Are Bullish on These Energy Stocks: ChampionX (CHX), Imperial Oil (IMO)

ChampionX Corp reports results for the quarter ended March 31 - Earnings Summary

ChampionX Q1 Adj. EPS $0.50 Beats $0.43 Estimate, Sales $864.46M Miss $895.94M Estimate

ChampionX Reports First Quarter 2025 Results

ChampionX Corp expected to post earnings of 43 cents a share - Earnings Preview

BRIEF-UK's CMA To Consider Schlumberger/ChampionX Undertakings Offered

UK watchdog says it might accept remedial measures offered by SLB, ChampionX

UK's Cma Says Has Until 11 June 2025 to Decide Whether to Accept Undertakings, With Possibility to Extend Timeframe to 8 August 2025

THOMSON REUTERS

UK's Cma: Cma to Consider Schlumberger/ChampionX Undertakings Offered

THOMSON REUTERS

Is ChampionX (CHX) Outperforming Other Construction Stocks This Year?

U.K. Competition Regulator Set to Refer SLB-ChampionX Deal for In-Depth Probe -- Update

BRIEF-SLB Says Committed To Collaborating With UK's CMA To Address Concerns On ChampionX Deal

Slb - Committed to Collaborating With UK's Cma to Address Outstanding Concerns, Confident That Deal With ChampionX Will Be Cleared for Closing

THOMSON REUTERS

Slb: Expects Deal Should Close in Second or Early Third Quarter of 2025

THOMSON REUTERS

Schlumberger, ChampionX $7.8 Billion Planned Merger May 'Substantially' Reduce Competition in UK Energy Market

MT Newswires Live

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GMT)","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["rate"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["SF","CHX"],"gpt_icon":0},{"id":"2533589455","title":"BUZZ-Citigroup lowers PT on US-based oilfield service companies","url":"https://stock-news.laohu8.com/highlight/detail?id=2533589455","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2533589455?lang=en_us&edition=fundamental","pubTime":"2025-05-05 20:35","pubTimestamp":1746448554,"startTime":"0","endTime":"0","summary":"BUZZ-Citigroup lowers PT on US-based oilfield service companies** Citigroup says besides tariffs, the key question for oilfield service cos this earnings season has been the outlook for industry 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Corp : Stifel Raises Target Price to $40 From $39","url":"https://stock-news.laohu8.com/highlight/detail?id=2533558912","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2533558912?lang=en_us&edition=fundamental","pubTime":"2025-05-05 20:35","pubTimestamp":1746448503,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250505:nFWN3RD2I0:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["CHX","BK4179"],"gpt_icon":0},{"id":"2533581375","title":"Analysts Are Bullish on These Energy Stocks: ChampionX (CHX), Imperial Oil (IMO)","url":"https://stock-news.laohu8.com/highlight/detail?id=2533581375","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2533581375?lang=en_us&edition=fundamental","pubTime":"2025-05-05 20:31","pubTimestamp":1746448306,"startTime":"0","endTime":"0","summary":"There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on ChampionX (CHX – Research Report) and Imperial Oil (IMO ...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/blurbs/analysts-are-bullish-on-these-energy-stocks-championx-chx-imperial-oil-imo?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/blurbs/analysts-are-bullish-on-these-energy-stocks-championx-chx-imperial-oil-imo?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["CHX","IMO","BK4201","BK4179"],"gpt_icon":0},{"id":"2531716985","title":"ChampionX Corp reports results for the quarter ended March 31 - Earnings Summary","url":"https://stock-news.laohu8.com/highlight/detail?id=2531716985","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2531716985?lang=en_us&edition=fundamental","pubTime":"2025-04-30 06:18","pubTimestamp":1745965133,"startTime":"0","endTime":"0","summary":"ChampionX Corp reports results for the quarter ended March 31 - Earnings SummaryChampionX Corp CHX.OQ reported quarterly adjusted earnings of 50 cents per share for the quarter ended March 31, identic","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250429:nL8N3R73NP:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["CHX"],"gpt_icon":0},{"id":"2531867797","title":"ChampionX Q1 Adj. EPS $0.50 Beats $0.43 Estimate, Sales $864.46M Miss $895.94M Estimate","url":"https://stock-news.laohu8.com/highlight/detail?id=2531867797","media":"Benzinga","labels":["express"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2531867797?lang=en_us&edition=fundamental","pubTime":"2025-04-30 04:37","pubTimestamp":1745959020,"startTime":"0","endTime":"0","summary":"ChampionX (NASDAQ:CHX) reported quarterly earnings of $0.50 per share which beat the analyst consensus estimate of $0.43 by 16.28 percent. This is unchanged from the same period last year.  The company reported quarterly","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.benzinga.com/news/earnings/25/04/45084771/championx-q1-adj-eps-0-50-beats-0-43-estimate-sales-864-46m-miss-895-94m-estimate","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"express","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["CHX"],"gpt_icon":0},{"id":"2531632797","title":"ChampionX Reports First Quarter 2025 Results","url":"https://stock-news.laohu8.com/highlight/detail?id=2531632797","media":"GlobeNewswire","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2531632797?lang=en_us&edition=fundamental","pubTime":"2025-04-30 04:30","pubTimestamp":1745958600,"startTime":"0","endTime":"0","summary":"THE WOODLANDS, Texas, April 29, 2025  -- ChampionX Corporation  today announced first quarter of 2025 results. Revenue was $864.5 million, net income attributable to ChampionX was $85.8 million, and adjusted EBITDA was $190.9 million. Income before income taxes margin was 12.1% and adjusted EBITDA margin was 22.1%. Cash from operating activities was $66.8 million and free cash flow was $38.6 million.“The first quarter demonstrated the resilience of our ChampionX portfolio as we delivered strong adjusted EBITDA and adjusted EBITDA margin, and generated positive free cash flow. These results reflect the commitment of our ChampionX employees around the world who express daily an unwavering focus on delivering value-added solutions for our customers’ most important challenges. I am thankful and humbled to lead such a talented and dedicated team,” ChampionX’s President and Chief Executive Officer Sivasankaran “Soma” Somasundaram said.“Amid recent changes in international trade policies, Cha","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/championx-reports-first-quarter-2025-203000681.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["LU0878866978.SGD","CHX","LU0256331488.USD","LU1720051108.HKD","LU0300736492.USD","CIA","LU0320765489.SGD","LU0208291251.USD","IE00B19Z3B42.SGD","ADV","BK4179","BK4009","IPO","LU0433182093.SGD","LU1489326972.SGD","LU1720051017.SGD","SGXZ23171101.USD","LU0068578508.USD","LU1548497426.USD","IE00B0JY6N72.USD","BK4588","SLB","IE00B19Z3581.USD","LU0070302665.USD","IE0002270589.USD","LU2357305700.SGD","BK4585","LU0077335932.USD","LU0211331839.USD","LU0122376428.USD","LU2236285917.USD","SG9999004303.SGD","BK4162","LU0368265418.SGD","LU0300736062.USD","LU2237438978.USD","LU0985489474.SGD"],"gpt_icon":0},{"id":"2528119660","title":"ChampionX Corp  expected to post earnings of 43 cents a share - Earnings Preview","url":"https://stock-news.laohu8.com/highlight/detail?id=2528119660","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2528119660?lang=en_us&edition=fundamental","pubTime":"2025-04-19 04:42","pubTimestamp":1745008925,"startTime":"0","endTime":"0","summary":"ChampionX Corp  expected to post earnings of43cents a share - Earnings Preview ChampionX Corp CHX.OQ CHX.O is expected to show a fall in quarterly revenue when it reports  results on April 22 (estimat","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250418:nL8N3QW0UQ:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["CHX"],"gpt_icon":0},{"id":"2526855268","title":"BRIEF-UK's CMA To Consider Schlumberger/ChampionX Undertakings Offered","url":"https://stock-news.laohu8.com/highlight/detail?id=2526855268","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2526855268?lang=en_us&edition=fundamental","pubTime":"2025-04-10 19:16","pubTimestamp":1744283815,"startTime":"0","endTime":"0","summary":"BRIEF-UK's CMA To Consider Schlumberger/ChampionX Undertakings OfferedApril 10 (Reuters) - UK's CMA: COMPETITION AND MKTS  - MERGER UPDATE: SCHLUMBERGER / CHAMPIONXUK'S CMA: CMA TO CONSIDER SCHLUMBERG","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250410:nFWN3QO01L:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["SGXZ23171101.USD","BK4585","LU2237438978.USD","BK4588","LU1720051017.SGD","LU2236285917.USD","LU0077335932.USD","CHX","LU0368265418.SGD","LU0433182093.SGD","LU0878866978.SGD","LU2357305700.SGD","LU0985489474.SGD","LU1548497426.USD","SLB","LU0300736062.USD","LU0068578508.USD","BK4179","LU0211331839.USD","LU0320765489.SGD","LU0122376428.USD","SG9999004303.SGD","LU1489326972.SGD","LU0208291251.USD","LU0300736492.USD","IE00B19Z3B42.SGD","IE0002270589.USD","LU0070302665.USD","IE00B0JY6N72.USD","LU0256331488.USD","IE00B19Z3581.USD","LU1720051108.HKD"],"gpt_icon":0},{"id":"2526553123","title":"UK watchdog says it might accept remedial measures offered by SLB, ChampionX","url":"https://stock-news.laohu8.com/highlight/detail?id=2526553123","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2526553123?lang=en_us&edition=fundamental","pubTime":"2025-04-10 18:13","pubTimestamp":1744280012,"startTime":"0","endTime":"0","summary":"UK watchdog says it might accept remedial measures offered by SLB, ChampionXApril 10 (Reuters) - Britain's competition regulator said on Thursday it might accept measures offered by oilfield services ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250410:nL3N3QO0W3:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU0985489474.SGD","LU0320765489.SGD","LU1489326972.SGD","LU0368265418.SGD","LU0068578508.USD","LU1720051108.HKD","IE00B19Z3581.USD","BK4179","SG9999004303.SGD","LU0070302665.USD","LU0211331839.USD","LU2357305700.SGD","BK4588","BK4585","LU1720051017.SGD","LU0122376428.USD","IE00B0JY6N72.USD","CHX","SLB","LU0256331488.USD","LU1548497426.USD","SGXZ23171101.USD","LU0433182093.SGD","LU0077335932.USD","LU0300736062.USD","IE0002270589.USD","LU2237438978.USD","LU0300736492.USD","LU0878866978.SGD","LU0208291251.USD","IE00B19Z3B42.SGD","LU2236285917.USD"],"gpt_icon":0},{"id":"2526587815","title":"UK's Cma Says Has Until 11 June 2025 to Decide Whether to Accept Undertakings, With Possibility to Extend Timeframe to 8 August 2025","url":"https://stock-news.laohu8.com/highlight/detail?id=2526587815","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2526587815?lang=en_us&edition=fundamental","pubTime":"2025-04-10 18:00","pubTimestamp":1744279205,"startTime":"0","endTime":"0","summary":null,"market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250410:nFWN3QO01L:4","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["LU0320765489.SGD","LU1720051108.HKD","LU0070302665.USD","LU0433182093.SGD","IE00B19Z3B42.SGD","LU0122376428.USD","IE0002270589.USD","LU0368265418.SGD","LU0077335932.USD","LU0300736062.USD","SG9999004303.SGD","LU0256331488.USD","LU0068578508.USD","LU2357305700.SGD","LU1548497426.USD","LU1720051017.SGD","LU1489326972.SGD","LU0208291251.USD","IE00B0JY6N72.USD","LU2236285917.USD","LU0985489474.SGD","LU0878866978.SGD","BK4179","LU2237438978.USD","BK4585","LU0211331839.USD","IE00B19Z3581.USD","LU0300736492.USD","CHX","SGXZ23171101.USD","SLB","BK4588"],"gpt_icon":0},{"id":"2526355827","title":"UK's Cma: Cma to Consider Schlumberger/ChampionX Undertakings Offered","url":"https://stock-news.laohu8.com/highlight/detail?id=2526355827","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2526355827?lang=en_us&edition=fundamental","pubTime":"2025-04-10 18:00","pubTimestamp":1744279205,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250410:nFWN3QO01L:2","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["IE0002270589.USD","IE00B19Z3B42.SGD","LU0208291251.USD","LU1489326972.SGD","LU2237438978.USD","LU0077335932.USD","LU0122376428.USD","LU0211331839.USD","LU0300736492.USD","LU0068578508.USD","LU1720051108.HKD","BK4588","LU0433182093.SGD","SLB","CHX","LU1548497426.USD","LU2357305700.SGD","LU2236285917.USD","LU0368265418.SGD","LU0256331488.USD","LU0300736062.USD","IE00B19Z3581.USD","BK4179","SGXZ23171101.USD","LU1720051017.SGD","LU0070302665.USD","IE00B0JY6N72.USD","SG9999004303.SGD","LU0878866978.SGD","LU0985489474.SGD","BK4585","LU0320765489.SGD"],"gpt_icon":0},{"id":"2523992921","title":"Is ChampionX (CHX) Outperforming Other Construction Stocks This Year?","url":"https://stock-news.laohu8.com/highlight/detail?id=2523992921","media":"Zacks","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2523992921?lang=en_us&edition=fundamental","pubTime":"2025-03-31 21:40","pubTimestamp":1743428413,"startTime":"0","endTime":"0","summary":"Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. ChampionX  is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole?A quick glance at the company's year-to-date performance in comparison to the rest of the Construction sector should help us answer this question.ChampionX is a member of our Construction group, which includes 88 different companies and currently sits at #16 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. ChampionX is currently sporting a Z","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["rate"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/championx-chx-outperforming-other-construction-134013280.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["CHX","CVCO"],"gpt_icon":0},{"id":"2522580647","title":"U.K. Competition Regulator Set to Refer SLB-ChampionX Deal for In-Depth Probe -- Update","url":"https://stock-news.laohu8.com/highlight/detail?id=2522580647","media":"Dow Jones","labels":["policyRegulatory"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2522580647?lang=en_us&edition=fundamental","pubTime":"2025-03-28 01:48","pubTimestamp":1743097680,"startTime":"0","endTime":"0","summary":"The U.K.'s competition watchdog said it is preparing to launch an in-depth investigation of SLB's proposed acquisition of ChampionX, saying the deal could affect competition if allowed to go ahead.The Competition and Markets Authority said Thursday that the deal between the two Texas-based oilfield-services companies could hinder competition for supplying production-chemical technologies to oil-and-gas exploration, development and production groups, and in the supply of certain drilling services. The deal will see SLB--formerly known as Schlumberger--acquire ChampionX for $7.8 billion.The CMA gave the companies a deadline of April. 3 to offer concessions that might ease the regulator's concerns and avoid an in-depth probe.SLB said in a statement Wednesday that it is committed to collaborating with the CMA to address outstanding concerns and is confident that the transaction will be cleared for closing, adding that it now expects the deal to close in the second or early third quarter 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Says Committed To Collaborating With UK's CMA To Address Concerns On ChampionX Deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2522300343","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2522300343?lang=en_us&edition=fundamental","pubTime":"2025-03-27 22:48","pubTimestamp":1743086911,"startTime":"0","endTime":"0","summary":"BRIEF-SLB Says Committed To Collaborating With UK's CMA To Address Concerns On ChampionX DealMarch 27  - SLB: SLB - COMMITTED TO COLLABORATING WITH UK'S CMA TO ADDRESS OUTSTANDING CONCERNS, CONFIDENT THAT DEAL WITH CHAMPIONX WILL BE CLEARED FOR CLOSINGSLB: EXPECTS DEAL SHOULD CLOSE IN SECOND OR EARLY THIRD QUARTER OF 2025Source text: [ID:]Further company coverage: CHX.O 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Expects Deal Should Close in Second or Early Third Quarter of 2025","url":"https://stock-news.laohu8.com/highlight/detail?id=2522307830","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2522307830?lang=en_us&edition=fundamental","pubTime":"2025-03-27 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ChampionX $7.8 Billion Planned Merger May 'Substantially' Reduce Competition in UK Energy Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2522308431","media":"MT Newswires Live","labels":["corporation","merge"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2522308431?lang=en_us&edition=fundamental","pubTime":"2025-03-27 20:50","pubTimestamp":1743079842,"startTime":"0","endTime":"0","summary":"Schlumberger  and ChampionX's  $7.8 billion planned merger could \"substantially\" reduce competition in the UK energy market, the country's Competition and Markets Authority said Thursday in an update about the phase one investigation into the potential deal.\"The CMA has decided, on the evidence currently available to it, that it is or may be the case that this merger may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom,\" the CMA said.Schlumberger and ChampionX said in April 2024 that Schlumberger will acquire ChampionX in an all-stock transaction.The regulator, which launched its inquiry on Jan. 29, said Thursday it will refer the merger for an in-depth phase 2 investigation unless the parties propose undertakings to potentially mitigate the competition issues raised in its phase 1 decision by April 3.Schlumberger and ChampionX did not immediately respond to requests for comment from MT 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