SLB Announces Agreement to Acquire ChampionX in an All-Stock Transaction

SLB Announces Agreement to Acquire ChampionX in an All-Stock Transaction

• With the acquisition, SLB has been strengthened as a leader in the manufacturing field with worl d-class production chemicals and artificial pumping technology.
• The integrated portfolio improves customer value through deep expertise and digital integration, and improves equipment life and production optimization.
• CHAMPIONX shareholder receives 735 SLB shares for one share of CHAMPIONX.
• The annual tax before the annual tax is expected to reach about $ 400 million within three years
• In 2024, SLB raised the total return of shareholders to $ 3 billion. Set the shareholder reduction goal in 2025 to $ 4 billion

On April 2, 2024, Housto n-SLB (NYSE: SLB) and the Championics Corporation (NASDAQ: CHX) announced today that SLB has made the final agreement with the acquisition of the Championics in all stock transactions. The contract was unanimously approved at the ChampionX Board of Directors.

Based on this Agreement, ChampionX shareholders will receive 0, 735 SLB shares for one common shares of ChampionX. After the transaction, ChampionX shareholders will own approximately 9 % of the issued shares of SLB common shares.

The acquisition of SLB by CHAMPIONX is an important time for the industry. The production stage of the oil and gas business is usually the majority of the asset life cycle, from completion to decommissioning. This emphasizes the ability of service providers, which support customers to deal with the issues of the entire production system. At the same time, the demand for expanding emerging technologies like AI and autonomous companies throughout the global business.

"Olivier Le Pouch, the SLB management director, is trying to make the most of our assets while improving the efficiency of operating and retaining layers. The combination of powerful leaderships that focus on CHAMPIONX production in various parts of the world, unmatched technical portfolios, and innovation history will bring great value to customers and stakeholders. < SPAN> The acquisition will enhance SLB as a leader in the manufacturing field with worl d-class production chemicals and artificial pumping technology.

The integrated portfolio improves customer value through deep expertise and digital integration, and improves equipment life and production optimization.

CHAMPIONX shareholder receives 735 SLB shares for one share of CHAMPIONX.

The annual tax before the annual tax is expected to reach about $ 400 million within three years

In 2024, SLB raised the total return of shareholders to $ 3 billion. Set the shareholder reduction goal in 2025 to $ 4 billion

On April 2, 2024, Housto n-SLB (NYSE: SLB) and the Championics Corporation (NASDAQ: CHX) announced today that SLB has made the final agreement with the acquisition of the Championics in all stock transactions. The contract was unanimously approved at the ChampionX Board of Directors.

Conference Call Information

Based on this Agreement, ChampionX shareholders will receive 0, 735 SLB shares for one common shares of ChampionX. After the transaction, ChampionX shareholders will own approximately 9 % of the issued shares of SLB common shares.

About SLB

The acquisition of SLB by CHAMPIONX is an important time for the industry. The production stage of the oil and gas business is usually the majority of the asset life cycle, from completion to decommissioning. This emphasizes the ability of service providers, which support customers to deal with the issues of the entire production system. At the same time, the demand for expanding emerging technologies like AI and autonomous companies throughout the global business.

About ChampionX

"Olivier Le Pouch, the SLB management director, is trying to make the most of our assets while improving the efficiency of operating and retaining layers. The combination of powerful leaderships that focus on CHAMPIONX production in various parts of the world, unmatched technical portfolios, and innovation history will bring great value to customers and stakeholders. With the acquisition, SLB has been strengthened as a leader in the manufacturing field with worl d-class production chemicals and artificial pumping technology.

Media

The integrated portfolio improves customer value through deep expertise and digital integration, and improves equipment life and production optimization.

CHAMPIONX shareholder receives 735 SLB shares for one share of CHAMPIONX.

Investors

The annual tax before the annual tax is expected to reach about $ 400 million within three years

In 2024, SLB raised the total return of shareholders to $ 3 billion. Set the shareholder reduction goal in 2025 to $ 4 billion

On April 2, 2024, Housto n-SLB (NYSE: SLB) and the Championics Corporation (NASDAQ: CHX) announced today that SLB has made the final agreement with the acquisition of the Championics in all stock transactions. The contract was unanimously approved at the ChampionX Board of Directors.

Based on this Agreement, ChampionX shareholders will receive 0, 735 SLB shares for one common shares of ChampionX. After the transaction, ChampionX shareholders will own approximately 9 % of the issued shares of SLB common shares.

The acquisition of SLB by CHAMPIONX is an important time for the industry. The production stage of the oil and gas business is usually the majority of the asset life cycle, from completion to decommissioning. This emphasizes the ability of service providers, which support customers to deal with the issues of the entire production system. At the same time, the demand for expanding emerging technologies like AI and autonomous companies throughout the global business.

"Olivier Le Pouch, the SLB management director, is trying to make the most of our assets while improving the efficiency of operating and retaining layers. The combination of powerful leaderships that focus on CHAMPIONX production in various parts of the world, unmatched technical portfolios, and innovation history will bring great value to customers and stakeholders.