---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-084191"
form_type: "8-K"
ticker: "SLB"
cik: "0000087347"
company_name: "SLB LIMITED/NV"
filed_at: "2024-04-02T23:59:59+00:00"
generated_at: "2026-06-04T04:17:16.253970+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# SLB to acquire ChampionX in all-stock deal; ChampionX holders get 0.735 SLB shares

## Summary
- ChampionX shareholders receive 0.735 SLB shares per CHX share, owning ~9% of combined company.
- Annual pre-tax cost synergies targeted at ~$400 million within three years of close.
- SLB boosts 2024 shareholder returns target to $3B; sets 2025 target of $4B.
- Deal unanimously approved by ChampionX board; requires CHX shareholder vote and regulatory clearances.
- Closing expected by April 2, 2025, with possible extension to Oct 2, 2025.

## SEC filing metadata
- accession: 0001193125-24-084191
- form_type: 8-K
- ticker: SLB
- cik: 0000087347
- company_name: SLB LIMITED/NV
- filed_at: 2024-04-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/87347/000119312524084191/0001193125-24-084191-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/87347/000119312524084191/d501949d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-084191
- JSON: https://secwatch.observer/filing/0001193125-24-084191.json
- Plain text: https://secwatch.observer/filing/0001193125-24-084191.txt

## Key facts
- Material Agreements
  SLB LIMITED/NV entered into Agreement and Plan of Merger with ChampionX Corporation (effective 2024-04-02).
  - Action: entry
  - Agreement: merger
  - Counterparty: ChampionX Corporation
  - Effective: 2024-04-02
  source text: On April 2, 2024, Schlumberger Limited (“SLB”), a Curaçao corporation, and its indirect, wholly owned subsidiaries, Sodium Holdco, Inc., a Delaware corporation (“Holdco”), and Sodium Merger Sub, Inc., a Delaware corporation (“Merger Sub” and, together with SLB and Holdco, the “SLB Parties”), 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/87347/000119312524084191/0001193125-24-084191-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.