ChampionX Corp - Company Profile
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ChampionX Corp (ChampionX) is a provider of chemistry solutions, artificial lifts, engineered equipment and technologies. The company’s product portfolio includes drilling fluid chemicals and additives, cementing chemicals, gas handlers, pumps, powerfit motors, sensors, desanders and variable speed drives. It also provides control valves, actuators, regulators, liquid level controllers, chambers and domes, and accessories, among others. The company provides innovative products, digital technologies for oil and gas production, transportation and real-time emission monitoring services. ChampionX also provides harmonic reduction technology and monitoring and optimization services. It operates in India, Kenya, Australia, the US, Romania, Nigeria, Argentina and the Netherlands, among others. ChampionX is headquartered in the Woodlands, Texas, the US.
Headquarters
United States of America
Address
2445 Technology Forest Blvd, Building 4, Floor 12, The Woodlands, Texas, 77381
Website
www.championx.com
Telephone
1 281 4035772
No of Employees
7,100
Industry
Energy and Utilities
Ticker Symbol & Exchange
CHX (NASD)
Revenue (2022)
$3.8B
-1.3%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
102.8%
(2022 vs 2021)
Market Cap*
$6.6B
Net Profit Margin (2022)
XYZ
105.4%
(2022 vs 2021)
* As of and is in US$
Products and Services
| Products | Services | Brands |
|---|---|---|
| Chemical Technologies: | Service: | Harbison-Fischer |
| Asset Integrity Chemicals | Chemical Technologies: | Norris |
| Flow Assurance Chemicals | Water Treatment for Utilities | Alberta Oil Tool |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In April, the company entered into an agreement to be acquired by SLB. |
| 2024 | Plans/Strategy | In March, the company announced its plans to acquire RMSpumptools for approximately US$108.7 million. |
| 2024 | Acquisitions/Mergers/Takeovers | In February, the company acquired Artificial Lift Performance. |
Competitor Comparison
| Key Parameters | ChampionX Corp | Schlumberger Ltd | Baker Hughes Co | Halliburton Co | Tenaris SA |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | Luxembourg |
| City | The Woodlands | Houston | Houston | Houston | Luxembourg |
| State/Province | Texas | Texas | Texas | Texas | - |
| No. of Employees | 7,100 | 111,000 | 58,000 | 48,000 | 29,134 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Daniel W. Rabun | Chairman | Executive Board | 2018 | 68 |
| Sivasankaran Somasundaram | Chief Executive Officer; Director; President | Executive Board | 2018 | 57 |
| Kenneth M. Fisher | Chief Financial Officer; Executive Vice President | Senior Management | 2021 | 61 |
| Deric Bryant | President - Chemical Technologies; Chief Operating Officer | Senior Management | 2020 | 50 |
| Alina Parast | Chief Information Officer; Senior Vice President | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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