SLB closes ChampionX acquisition; expects $400M annual pretax synergies

SLB LIMITED/NV

ChampionX shareholders received 0.735 SLB shares per share; former shareholders now own ~9% of SLB.
Annual pretax synergies of ~$400M expected within three years through revenue growth and cost savings.
SLB reaffirms $4B shareholder return target for 2025.
Acquisition adds ChampionX's production chemicals, artificial lift, digital, and emissions technologies.
SLB CEO says acquisition aligns with returns-focused, capital-light strategy and expands presence in less-cyclical market.

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