ChampionX announced that its board of directors approved an increase to its share repurchase program. Pursuant to such increase, ChampionX is authorized to repurchase up to $1.5B of its outstanding common stock, representing an increase of $750M to the share repurchase program previously increased on October 24, 2022. The increased share repurchase authority is effective immediately. ChampionX repurchased $118M of its outstanding common stock during the fourth quarter of 2023, with a total of $457M repurchased under the share repurchase program since its inception, implying a remaining authorization of over $1B, incorporating this announcement.
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