ChampionX Corp
championx.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q1 FY2025 10-Q, filed Apr 30, 2025. Its latest SEC filing is a 15-12G from Jul 28, 2025.
10-Q for Q1 FY2025, filed Apr 30, 2025
The sections below describe the company as of the FY2024 annual report.
What Did They Do?
Supplies production and midstream chemicals, treatment services, and digital tools to oil and gas producers and pipeline companies.
10-K for FY2024, filed Feb 5, 2025
How Did They Make Money?
Customers primarily pay for specialized products when delivered; they pay for services as the work is performed and for leased equipment over time.
10-K for FY2024, filed Feb 5, 2025Revenue Recognition—Revenue is recognized upon the transfer of control of the related goods and services to the customer. The majority of…View ↗
Our revenue is generated primarily from product sales. Service revenue is generated from providing services to our customers. These…View ↗
Within our Production Chemical Technologies and Reservoir Chemical Technologies segments, revenue recognized from the sale of products is…View ↗
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10-K for FY2024, filed Feb 5, 2025
FY2024 revenue by reportable segment ↗
$3.6B
-
10-K for FY2024, filed Feb 6, 2025
$3.6B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Production Chemical Technologies
Sold outright
10-K for FY2024, filed Feb 5, 2025 |
63%
FY2021: 60%
|
Production Chemical Technologies, FY2024
$2.3B Sources
|
Sold outright |
|
Production & Automation Technologies
Sold outright
10-K for FY2024, filed Feb 5, 2025 |
29%
FY2021: 25%
|
Production & Automation Technologies, FY2024
$1B Sources
|
Sold outright |
|
Drilling Technologies
Sold outright
|
5.8%
FY2021: 5.6%
|
Drilling Technologies, FY2024
$211.8M Sources
|
Sold outright |
|
Reservoir Chemical Technologies
Sold outright
|
2.6%
FY2021: 4.6%
|
Reservoir Chemical Technologies, FY2024
$94.3M Sources
|
Sold outright |
Who Were Their Customers?
Oil and gas operators, oilfield equipment and service providers, and pipeline companies buy ChampionX products and services. They buy directly from its sales force or through distributors, sales representatives, agents, and joint ventures.
10-K for FY2024, filed Feb 5, 2025
Did Revenues Turn Into Profits?
Yes. It kept 9 cents of every revenue dollar as net income in FY2024.
10-K for FY2024, filed Feb 6, 2025
How Were They Changing?
- Net income
-
Sources
10-Q for Q1 FY2025, filed May 1, 2025
$85.8MView ↗
- ▼ −24%
- vs $112.9M in Q1 FY2024
10-Q for Q1 FY2025, filed Apr 30, 2025
Open tableView ↗
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Jul 16, 2025
SLB completed its acquisition of ChampionX
ChampionX shares were converted into SLB shares under the merger terms.
Sources
8-K, filed Jul 16, 2025
As described in the Introductory Note of this Current Report on Form 8-K, which is incorporated herein by reference, pursuant to the terms…View ↗
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Feb 25, 2025
ChampionX agreed to sell US Synthetic
The sale was subject to customary conditions and the closing of the merger with SLB.
Sources
8-K, filed Feb 25, 2025
On February 24, 2025, ChampionX Corporation (“ChampionX”) entered into an Equity Purchase Agreement (as may be amended, modified…View ↗
Grew. Revenue grew 91% in 4 years, from $1.9B in FY2020 to $3.6B in FY2024, about 18% a year.
Who Did They Compete With?
Competes with Baker Hughes, Clariant, Halliburton, Schlumberger, CES Energy Solutions, SNF, Kemira, Innospec, Rockwater, NOV, Weatherford International, Tenaris, and DeBeers
10-K for FY2024, filed Feb 5, 2025We face competition from other manufacturers and suppliers of oil and gas production and drilling equipment. Key competitors for our…View ↗
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