The company said it acquired ChampionX Corporation in an all-stock transaction under the Merger Agreement, dated July 16, 2025. Holdco acquired all of ChampionX's issued capital stock, and ChampionX survives as a wholly owned subsidiary of Holdco.

1. 01

   The company said it acquired ChampionX Corporation in an all-stock transaction under the Merger Agreement, dated July 16, 2025. Holdco acquired all of ChampionX's issued capital stock, and ChampionX survives as a wholly owned subsidiary of Holdco.

2. 02

   The company said it paid 0.735 shares of SLB common stock for each share of ChampionX common stock under the Exchange Ratio, plus cash in lieu of fractional shares where applicable. It said ChampionX stock options were converted into SLB options based on the Exchange Ratio, in-the-money stock appreciation rights were converted into cash, and out-of-the-money stock appreciation rights were cancelled for no consideration.

3. 03

   The company said that following the closing, former ChampionX shareholders hold approximately 9% of SLB's issued common stock. It said ChampionX shareholders received 0.735 shares of SLB common stock in exchange for 1 ChampionX shares.

4. 04

   The company said it expects to realize annual pretax synergies of approximately $400 million within 3 years after closing through the ChampionX acquisition. It also said it remains on track to return $4 billion to shareholders in 2025.

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Original filing

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