If you are solo (or only group member in exp-range), the pet will take 75% of the experience if it does over 50% of the damage. However, if you have multiple party members in exp range and the pet does less than 100% damage (example: either of you get in a single round of melee damage), then the pet will steal 0% of the experience and be amazing DPS (higher than a player character) and tankier. The only real risk is then charm breaking, which is mitigated by quick stuns on the charm from the ENC and/or cleric and the mob the charmed pet was fighting should be rooted at all times.
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