Forward-Looking Statements
This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended.
Such forward-looking statements include statements relating to the proposed
transaction between SLB and ChampionX, including statements regarding the benefits of the transaction and the anticipated timing of the transaction, and information regarding the businesses of SLB and ChampionX, including expectations regarding
outlook and all underlying assumptions, SLBs and ChampionXs objectives, plans and strategies, information relating to operating trends in markets where SLB and ChampionX operate, statements that contain projections of results of
operations or of financial condition, and all other statements other than statements of historical fact that address activities, events or developments that SLB or ChampionX intends, expects, projects, believes or anticipates will or may occur in
the future. Such statements are based on managements beliefs and assumptions made based on information currently available to management. All statements in this communication, other than statements of historical fact, are forward-looking
statements that may be identified by the use of the words outlook, guidance, expects, believes, anticipates, should, estimates, intends,
plans, seeks, targets, may, can, believe, predict, potential, projected, projections, precursor,
forecast, ambition, goal, scheduled, think, could, would, will, see, likely, and other similar expressions or variations, but not
all forward-looking statements include such words. These forward-looking statements involve known and unknown risks and uncertainties, and which may cause SLBs or ChampionXs actual results and performance to be materially different from
those expressed or implied in the forward-looking statements. Factors and risks that may impact future results and performance include, but are not limited to, those factors and risks described in Part I, Item 1. Business, Item 1A.
Risk Factors, and Item 7. Managements Discussion and Analysis of Financial Condition and Results of Operations in SLBs Annual Report on Form 10-K for the year ended
December 31, 2023, as filed with the SEC on January 24, 2024, and Part 1, Item 1A. Risk Factors in ChampionXs Annual Report on Form 10-K for the year ended December 31, 2023
filed with the SEC on February 6, 2024, and each of their respective, subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
These include, but are not limited to, and in each case as a possible result of the proposed transaction on each of SLB and ChampionX: the ultimate outcome of the
proposed transaction between SLB and ChampionX, including the possibility that ChampionX stockholders will not adopt the merger agreement in respect of the proposed transaction; the effect of the announcement of the proposed transaction; the ability
to operate the SLB and ChampionX respective businesses, including business disruptions; difficulties