SLB has agreed to acquire oilfield service provider ChampionX in an all-stock deal, marking a significant move in the energy sector. This acquisition is valued at approximately $8 billion and is expected to enhance SLB's technology portfolio. The announcement led to a halt in trading for ChampionX shares before the market opened. Following the news, Schlumberger's stock experienced a decline. The deal is seen as a strategic step for SLB in consolidating its position in the oilfield services sector.