April 2 (Reuters) - SLB:

* SLB ANNOUNCES AGREEMENT TO ACQUIRE CHAMPIONX IN AN

ALL-STOCK

TRANSACTION

* SLB ANNOUNCES AGREEMENT TO ACQUIRE CHAMPIONX IN AN

ALL-STOCK

TRANSACTION

* SLB - CHAMPIONX SHAREHOLDERS TO RECEIVE 0.735 SLB SHARES

FOR

EACH SHARE OF CHAMPIONX

* SLB: CHAMPIONX SHAREHOLDERS TO RECEIVE 0.735 SLB SHARES

FOR EACH

SHARE OF CHAMPIONX

* SLB - SLB WILL INCREASE ITS TOTAL RETURNS TO SHAREHOLDERS

TO A

TARGET OF $3 BILLION IN 2024

* SLB - SETS TARGET FOR RETURNS TO SHAREHOLDERS OF $4

BILLION IN

2025

* SLB - AT CLOSING OF TRANSACTION CHAMPIONX SHAREHOLDERS

WILL OWN

APPROXIMATELY 9% OF SLB'S OUTSTANDING SHARES OF COMMON STOCK

* SLB: IT WILL RETURN $7 BILLION TO SHAREHOLDERS OVER NEXT

TWO

YEARS.

* SLB - EXPECTS TO REALIZE ANNUAL PRETAX SYNERGIES OF

APPROXIMATELY $400 MILLION WITHIN FIRST THREE YEARS POST-CLOSING

* SLB: AGREEMENT WAS UNANIMOUSLY APPROVED BY CHAMPIONX BOARD

OF

DIRECTORS.

* SLB - CLOSING OF TRANSACTION WILL OCCUR BEFORE END OF 2024

Source text for Eikon:

Further company coverage: