AG˹ٷ

STOCK TITAN

[8-K] Schlumberger Limited Reports Material Event

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

On July 15, 2025, Schlumberger N.V. (SLB) filed a Form 8-K announcing that the U.K. Competition and Markets Authority has cleared its pending all-stock acquisition of ChampionX Corporation. This clearance is the final required regulatory approval under the April 2, 2024 Merger Agreement. With regulatory risk now removed, SLB, Sodium Holdco and Sodium Merger Sub plan to close the merger on July 16, 2025, subject only to satisfaction or waiver of the remaining contractual closing conditions.

Until the transaction consummates, SLB and ChampionX will continue to operate as separate entities. The filing contains customary forward-looking-statement disclaimers, emphasizing that unforeseen events or failure to satisfy closing conditions could still delay or terminate the deal.

For investors, the CMA decision markedly improves deal certainty, accelerates the expected timetable to completion and signals that ChampionX’s production-chemical and artificial-lift portfolio could soon be integrated into SLB’s global oilfield-services platform.

Il 15 luglio 2025, Schlumberger N.V. (SLB) ha presentato un modulo 8-K annunciando che la Competition and Markets Authority del Regno Unito ha approvato l'acquisizione in azioni pendente di ChampionX Corporation. Questa approvazione rappresenta il ultimo via libera regolamentare necessario ai sensi dell'Accordo di Fusione del 2 aprile 2024. Con il rischio regolamentare ora eliminato, SLB, Sodium Holdco e Sodium Merger Sub prevedono di completare la fusione il 16 luglio 2025, subordinatamente solo al soddisfacimento o alla rinuncia delle restanti condizioni contrattuali di chiusura.

Fino al perfezionamento dell'operazione, SLB e ChampionX continueranno a operare come entità separate. Il documento include le consuete clausole di esclusione per le dichiarazioni previsionali, sottolineando che eventi imprevisti o il mancato soddisfacimento delle condizioni di chiusura potrebbero ancora ritardare o annullare l'accordo.

Per gli investitori, la decisione della CMA aumenta significativamente la certezza dell'operazione, accelera i tempi previsti per il completamento e indica che il portafoglio di prodotti chimici per la produzione e di sollevamento artificiale di ChampionX potrebbe presto essere integrato nella piattaforma globale di servizi petroliferi di SLB.

El 15 de julio de 2025, Schlumberger N.V. (SLB) presentó un Formulario 8-K anunciando que la Autoridad de Competencia y Mercados del Reino Unido ha aprobado su adquisición pendiente totalmente en acciones de ChampionX Corporation. Esta aprobación es la última autorización regulatoria requerida según el Acuerdo de Fusión del 2 de abril de 2024. Con el riesgo regulatorio eliminado, SLB, Sodium Holdco y Sodium Merger Sub planean cerrar la fusión el 16 de julio de 2025, sujeto únicamente al cumplimiento o renuncia de las condiciones contractuales restantes para el cierre.

Hasta que la transacción se complete, SLB y ChampionX continuarán operando como entidades separadas. La presentación contiene las habituales cláusulas de exención sobre declaraciones prospectivas, enfatizando que eventos imprevistos o el incumplimiento de las condiciones de cierre podrían retrasar o cancelar el acuerdo.

Para los inversores, la decisión de la CMA mejora notablemente la certeza de la operación, acelera el calendario esperado para su finalización y señala que la cartera de productos químicos para producción y levantamiento artificial de ChampionX podría integrarse próximamente en la plataforma global de servicios petroleros de SLB.

2025� 7� 15�, Schlumberger N.V. (SLB)� 8-K 양식� 제출하여 영국 경쟁시장�(CMA)� ChampionX Corporation� 모든 주식 인수 건을 승인했다� 발표했습니다. � 승인은 2024� 4� 2� 합병 계약� 따른 최종 규제 승인입니�. 규제 리스크가 해소됨에 따라 SLB, Sodium Holdco � Sodium Merger Sub� 2025� 7� 16일에 합병� 완료� 계획이며, 이는 남은 계약상의 종료 조건 충족 또는 면제� 달려 있습니다.

거래가 완료� 때까지 SLB와 ChampionX� 별도� 법인으로 운영� 계속� 것입니다. 제출서에� 통상적인 미래 예측 진술 면책 조항� 포함되어 있으�, 예상� 못한 사건이나 종료 조건 미충� � 거래가 지연되거나 종료� � 있음� 강조합니�.

투자자들에게 이번 CMA 결정은 거래 확실성을 크게 향상시키�, 예상 완료 일정� 앞당기며, ChampionX� 생산 화학 � 인공 리프� 포트폴리오가 � SLB� 글로벌 유전 서비� 플랫폼에 통합� � 있음� 시사합니�.

Le 15 juillet 2025, Schlumberger N.V. (SLB) a déposé un formulaire 8-K annonçant que l'Autorité de la concurrence et des marchés du Royaume-Uni a approuvé son acquisition en actions en attente de ChampionX Corporation. Cette approbation constitue la dernière autorisation réglementaire requise dans le cadre de l'accord de fusion du 2 avril 2024. Avec la suppression du risque réglementaire, SLB, Sodium Holdco et Sodium Merger Sub prévoient de finaliser la fusion le 16 juillet 2025, sous réserve de la satisfaction ou de la renonciation aux conditions contractuelles restantes à la clôture.

Jusqu'à la réalisation de la transaction, SLB et ChampionX continueront d'opérer en tant qu'entités distinctes. Le dépôt contient les clauses habituelles de non-responsabilité relatives aux déclarations prospectives, soulignant que des événements imprévus ou le non-respect des conditions de clôture pourraient retarder ou annuler la transaction.

Pour les investisseurs, la décision de la CMA améliore nettement la certitude de la transaction, accélère le calendrier prévu pour son achèvement et indique que le portefeuille de produits chimiques de production et de levage artificiel de ChampionX pourrait bientôt être intégré à la plateforme mondiale de services pétroliers de SLB.

Am 15. Juli 2025 reichte Schlumberger N.V. (SLB) ein Formular 8-K ein und gab bekannt, dass die britische Wettbewerbs- und Marktbehörde (CMA) die ausstehende Aktientransaktion zur Übernahme von ChampionX Corporation genehmigt hat. Diese Genehmigung ist die letzte erforderliche behördliche Zustimmung gemäß der Fusionsvereinbarung vom 2. April 2024. Da das regulatorische Risiko nun beseitigt ist, planen SLB, Sodium Holdco und Sodium Merger Sub, die Fusion am 16. Juli 2025 abzuschließen, vorbehaltlich der Erfüllung oder des Verzichs auf die verbleibenden vertraglichen Abschlussbedingungen.

Bis zum Vollzug der Transaktion werden SLB und ChampionX weiterhin als getrennte Einheiten agieren. Die Einreichung enthält die üblichen Haftungsausschlüsse für zukunftsgerichtete Aussagen und betont, dass unvorhergesehene Ereignisse oder das Nichterfüllen der Abschlussbedingungen die Transaktion verzögern oder beenden könnten.

Für Investoren erhöht die CMA-Entscheidung die Sicherheit des Deals deutlich, beschleunigt den erwarteten Zeitplan für den Abschluss und signalisiert, dass das Produktionschemikalien- und künstliche Hebeportfolio von ChampionX bald in SLBs globale Ölfeld-Dienstleistungsplattform integriert werden könnte.

Positive
  • UK CMA clearance removes the final regulatory obstacle to the SLB–ChampionX merger.
  • Merger expected to close on July 16, 2025, providing clear timing for investors.
  • All-stock transaction preserves SLB’s cash and leverage profile.
Negative
  • Closing still contingent on remaining contractual conditions, leaving a slim possibility of delay or termination.
  • Filing provides no financial guidance or quantified synergies, limiting immediate valuation assessment.

Insights

TL;DR: Final CMA nod removes biggest hurdle; merger likely within 24 hours, materially increasing deal certainty for SLB investors.

The clearance by the U.K. CMA eliminates the last regulatory uncertainty that typically drags on cross-border energy combinations. Because no other antitrust reviews remain, the only outstanding hurdles are internal contractual conditions, which are seldom deal breakers once all regulators are satisfied. Announcing an intended July 16 close signals the parties have preparations in place for immediate consummation. From an M&A standpoint, probability-weighted timeline risk collapses, making the transaction effectively done. The all-stock structure means no new debt, preserving SLB’s balance-sheet capacity while issuing equity to ChampionX shareholders. Overall impact: positive and impactful.

TL;DR: Regulatory clearance speeds integration of ChampionX into SLB, enhancing production-focused service mix; residual closing risk remains minimal.

The 8-K confirms that governmental barriers are resolved, a pivotal step for oilfield-service deals where competition authorities often scrutinize market concentration. ChampionX broadens SLB’s presence in production chemicals and artificial lift, complementary to its existing drilling and reservoir tech. While the filing does not quantify synergies, the immediate close date suggests integration planning is advanced. Investors should watch for Q3 disclosures on pro-forma financials and integration costs. The cautionary language is routine; residual risk is low but not zero.

Il 15 luglio 2025, Schlumberger N.V. (SLB) ha presentato un modulo 8-K annunciando che la Competition and Markets Authority del Regno Unito ha approvato l'acquisizione in azioni pendente di ChampionX Corporation. Questa approvazione rappresenta il ultimo via libera regolamentare necessario ai sensi dell'Accordo di Fusione del 2 aprile 2024. Con il rischio regolamentare ora eliminato, SLB, Sodium Holdco e Sodium Merger Sub prevedono di completare la fusione il 16 luglio 2025, subordinatamente solo al soddisfacimento o alla rinuncia delle restanti condizioni contrattuali di chiusura.

Fino al perfezionamento dell'operazione, SLB e ChampionX continueranno a operare come entità separate. Il documento include le consuete clausole di esclusione per le dichiarazioni previsionali, sottolineando che eventi imprevisti o il mancato soddisfacimento delle condizioni di chiusura potrebbero ancora ritardare o annullare l'accordo.

Per gli investitori, la decisione della CMA aumenta significativamente la certezza dell'operazione, accelera i tempi previsti per il completamento e indica che il portafoglio di prodotti chimici per la produzione e di sollevamento artificiale di ChampionX potrebbe presto essere integrato nella piattaforma globale di servizi petroliferi di SLB.

El 15 de julio de 2025, Schlumberger N.V. (SLB) presentó un Formulario 8-K anunciando que la Autoridad de Competencia y Mercados del Reino Unido ha aprobado su adquisición pendiente totalmente en acciones de ChampionX Corporation. Esta aprobación es la última autorización regulatoria requerida según el Acuerdo de Fusión del 2 de abril de 2024. Con el riesgo regulatorio eliminado, SLB, Sodium Holdco y Sodium Merger Sub planean cerrar la fusión el 16 de julio de 2025, sujeto únicamente al cumplimiento o renuncia de las condiciones contractuales restantes para el cierre.

Hasta que la transacción se complete, SLB y ChampionX continuarán operando como entidades separadas. La presentación contiene las habituales cláusulas de exención sobre declaraciones prospectivas, enfatizando que eventos imprevistos o el incumplimiento de las condiciones de cierre podrían retrasar o cancelar el acuerdo.

Para los inversores, la decisión de la CMA mejora notablemente la certeza de la operación, acelera el calendario esperado para su finalización y señala que la cartera de productos químicos para producción y levantamiento artificial de ChampionX podría integrarse próximamente en la plataforma global de servicios petroleros de SLB.

2025� 7� 15�, Schlumberger N.V. (SLB)� 8-K 양식� 제출하여 영국 경쟁시장�(CMA)� ChampionX Corporation� 모든 주식 인수 건을 승인했다� 발표했습니다. � 승인은 2024� 4� 2� 합병 계약� 따른 최종 규제 승인입니�. 규제 리스크가 해소됨에 따라 SLB, Sodium Holdco � Sodium Merger Sub� 2025� 7� 16일에 합병� 완료� 계획이며, 이는 남은 계약상의 종료 조건 충족 또는 면제� 달려 있습니다.

거래가 완료� 때까지 SLB와 ChampionX� 별도� 법인으로 운영� 계속� 것입니다. 제출서에� 통상적인 미래 예측 진술 면책 조항� 포함되어 있으�, 예상� 못한 사건이나 종료 조건 미충� � 거래가 지연되거나 종료� � 있음� 강조합니�.

투자자들에게 이번 CMA 결정은 거래 확실성을 크게 향상시키�, 예상 완료 일정� 앞당기며, ChampionX� 생산 화학 � 인공 리프� 포트폴리오가 � SLB� 글로벌 유전 서비� 플랫폼에 통합� � 있음� 시사합니�.

Le 15 juillet 2025, Schlumberger N.V. (SLB) a déposé un formulaire 8-K annonçant que l'Autorité de la concurrence et des marchés du Royaume-Uni a approuvé son acquisition en actions en attente de ChampionX Corporation. Cette approbation constitue la dernière autorisation réglementaire requise dans le cadre de l'accord de fusion du 2 avril 2024. Avec la suppression du risque réglementaire, SLB, Sodium Holdco et Sodium Merger Sub prévoient de finaliser la fusion le 16 juillet 2025, sous réserve de la satisfaction ou de la renonciation aux conditions contractuelles restantes à la clôture.

Jusqu'à la réalisation de la transaction, SLB et ChampionX continueront d'opérer en tant qu'entités distinctes. Le dépôt contient les clauses habituelles de non-responsabilité relatives aux déclarations prospectives, soulignant que des événements imprévus ou le non-respect des conditions de clôture pourraient retarder ou annuler la transaction.

Pour les investisseurs, la décision de la CMA améliore nettement la certitude de la transaction, accélère le calendrier prévu pour son achèvement et indique que le portefeuille de produits chimiques de production et de levage artificiel de ChampionX pourrait bientôt être intégré à la plateforme mondiale de services pétroliers de SLB.

Am 15. Juli 2025 reichte Schlumberger N.V. (SLB) ein Formular 8-K ein und gab bekannt, dass die britische Wettbewerbs- und Marktbehörde (CMA) die ausstehende Aktientransaktion zur Übernahme von ChampionX Corporation genehmigt hat. Diese Genehmigung ist die letzte erforderliche behördliche Zustimmung gemäß der Fusionsvereinbarung vom 2. April 2024. Da das regulatorische Risiko nun beseitigt ist, planen SLB, Sodium Holdco und Sodium Merger Sub, die Fusion am 16. Juli 2025 abzuschließen, vorbehaltlich der Erfüllung oder des Verzichs auf die verbleibenden vertraglichen Abschlussbedingungen.

Bis zum Vollzug der Transaktion werden SLB und ChampionX weiterhin als getrennte Einheiten agieren. Die Einreichung enthält die üblichen Haftungsausschlüsse für zukunftsgerichtete Aussagen und betont, dass unvorhergesehene Ereignisse oder das Nichterfüllen der Abschlussbedingungen die Transaktion verzögern oder beenden könnten.

Für Investoren erhöht die CMA-Entscheidung die Sicherheit des Deals deutlich, beschleunigt den erwarteten Zeitplan für den Abschluss und signalisiert, dass das Produktionschemikalien- und künstliche Hebeportfolio von ChampionX bald in SLBs globale Ölfeld-Dienstleistungsplattform integriert werden könnte.

SCHLUMBERGER LIMITED/NV P8 US false 0000087347 0000087347 2025-07-15 2025-07-15
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 15, 2025

 

 

SCHLUMBERGER N.V. (SCHLUMBERGER LIMITED)

(Exact name of registrant as specified in its charter)

 

 

 

Curaçao   1-4601   52-0684746

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

42 rue Saint-Dominique, Paris, France 75007

5599 San Felipe, Houston, Texas, U.S.A . 77056
(address)

62 Buckingham Gate, London, United Kingdom SW1E 6AJ

Parkstraat 83, The Hague, The Netherlands 2514 JG

(Addresses of principal executive offices and zip or postal codes)

Registrant’s telephone number in the United States, including area code: (713) 513-2000

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Title of each class

 

Trading
Symbol(s)

 

Name of each exchange

on which registered

common stock, par value $0.01 per share   SLB   New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 
 


Item 8.01 Other Events.

As previously disclosed, on April 2, 2024, Schlumberger Limited, a Curaçao corporation (“SLB”), and its indirect, wholly owned subsidiaries, Sodium Holdco, Inc., a Delaware corporation (“Holdco”), and Sodium Merger Sub, Inc., a Delaware corporation (“Merger Sub”), entered into an Agreement and Plan of Merger (the “Merger Agreement”), with ChampionX Corporation, a Delaware corporation (“ChampionX”), pursuant to which SLB will acquire ChampionX in an all-stock transaction. Pursuant to the terms of the Merger Agreement, Merger Sub will merge with and into ChampionX (the “Merger”), with ChampionX continuing as the surviving corporation of the Merger and as an indirect, wholly owned subsidiary of SLB.

On July 15, 2025, the U.K. Competition and Markets Authority (the “CMA”) cleared the proposed Merger. The CMA approval represents the last regulatory closing condition to the proposed Merger. As a result, the parties intend to consummate the Merger on July 16, 2025.

The closing of the proposed Merger remains subject to the satisfaction or waiver of the remaining closing conditions contained in the Merger Agreement. Until that time, the companies will continue to operate as separate and independent entities.

Cautionary Statement Regarding Forward-looking Statements

This Form 8-K contains “forward-looking statements” within the meaning of the federal securities laws, including regarding the anticipated timing of the Merger closing. Factors and risks that may impact future results and performance include SLB’s and ChampionX’s inability to satisfy the remaining closing conditions in the Merger Agreement on a timely basis or at all, and the occurrence of any event, change, or other circumstance that could give rise to the delay or termination of the proposed transaction, as well as the risk factors discussed in SLB’s and ChampionX’s most recent Forms 10-K, 10-Q, and 8-K filed with or furnished to the SEC. If one or more of these or other risks or uncertainties materialize (or the consequences of any such development changes), or should our underlying assumptions prove incorrect, actual results or outcomes may vary materially from what we disclose in the forward looking statements. Statements in this Form 8-K are made as of the date hereof, and SLB disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events, or otherwise.

Additional Information about the Transaction and Where to Find It

In connection with the proposed transaction, SLB filed with the Securities and Exchange Commission (the “SEC”) a registration statement on Form S-4 on April 29, 2024 (as amended, the “Form S-4”) that includes a proxy statement of ChampionX and that also constitutes a prospectus of SLB with respect to the shares of SLB to be issued in the proposed transaction (the “proxy statement/prospectus”). The Form S-4 was declared effective by the SEC on May 15, 2024. SLB and ChampionX filed the definitive proxy statement/prospectus with the SEC on May 15, 2024 (https://www.sec.gov/Archives/edgar/data/87347/000119312524139403/d818663d424b3.htm), and it was first mailed to ChampionX stockholders on or about May 15, 2024. Each of SLB and ChampionX may also file other relevant documents with the SEC regarding the proposed transaction. This document is not a substitute for the Form S-4 or proxy statement/prospectus or any other document that SLB or ChampionX may file with the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT, THE PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders will be able to obtain free copies of the Form S-4 and the proxy statement/prospectus (if and when available) and other documents containing important information about SLB, ChampionX and the proposed transaction, through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with, or furnished to, the SEC by SLB will be available free of charge on SLB’s website at https://investorcenter.slb.com. Copies of the documents filed with, or furnished to, the SEC by ChampionX will be available free of charge on ChampionX’s website at https://investors.championx.com. The information included on, or accessible through, SLB’s or ChampionX’s website is not incorporated by reference into this communication.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

SCHLUMBERGER LIMITED

/s/ Dianne B. Ralston

Dianne B. Ralston
Chief Legal Officer and Secretary
Date: July 15, 2025

FAQ

What did SLB disclose in its July 15, 2025 Form 8-K?

SLB announced that the U.K. CMA cleared its all-stock acquisition of ChampionX, removing the last regulatory condition.

When is the SLB–ChampionX merger expected to close?

The parties intend to consummate the merger on July 16, 2025, subject to final contractual conditions.

Was CMA approval the last regulatory hurdle for the deal?

Yes. The filing states that CMA clearance represents the last regulatory closing condition for the merger.

Is the transaction structured as a cash or stock deal?

It is an all-stock transaction; ChampionX shareholders will receive SLB shares.

Where can investors access the proxy statement/prospectus?

Free copies are available on the SEC website and on the investor sites of both SLB and ChampionX, as detailed in the filing.
Schlumberger

NYSE:SLB

SLB Rankings

SLB Latest News

SLB Latest SEC Filings

SLB Stock Data

54.03B
1.36B
0.23%
89.16%
5.69%
Oil & Gas Equipment & Services
Oil & Gas Field Services, Nec
United States
HOUSTON