ChampionX

ChampionX

Chemistry solutions, engineered equipment, digital oilfield.

Overview

ChampionX offers chemistry solutions, engineered equipment, on-site services, and digital tools to support oil and gas operations from drilling to production. Its products include production chemicals like corrosion inhibitors and scale control agents, production and automation equipment such as artificial lift systems, drilling and completion technologies, and digital oilfield analytics to optimize performance. The company differentiates itself with an integrated, lifecycle-focused portfolio that combines chemistry, equipment, automation, drilling tech, and data insights for a range of customers. Its goal is to help clients produce energy safely and efficiently while reducing costs and environmental impact.

About ChampionX

Simplify's Rating
Why ChampionX is rated
B+
Rated A on Competitive Edge
Rated A on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Industrial & Manufacturing

Energy

Enterprise Software

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

The Woodlands, Texas

Founded

2017

People at ChampionX

People at ChampionX who can refer or advise you

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Simplify's Take

What believers are saying

  • Integration into SLB’s portfolio unlocks $400M annual pretax synergies through global scale and cost savings.
  • ChampionX’s chemical and artificial lift technologies now serve SLB’s worldwide customer base, boosting asset reliability.
  • Former ChampionX shareholders own 9% of SLB, creating long-term value alignment and stakeholder benefits from integration.

What critics are saying

  • ChampionX ceased as an independent entity on July 16, 2025 after SLB’s acquisition; standalone risks are nonexistent.
  • Two class action lawsuits allege undisclosed SLB offer during Feb–Apr 2024, risking over $100M in damages if certified.
  • Norway’s Phase II antitrust probe and UK CMA Phase 2 inquiry threaten to block synergies or force asset divestitures.

What makes ChampionX unique

  • ChampionX uniquely integrates artificial lift, production chemicals, and digital optimization across the full well lifecycle.
  • Its emissions monitoring and AI-driven production software offer turnkey sustainability solutions for oil and gas operators.
  • ChampionX leverages century-old legacy expertise from Apergy and Ecolab’s upstream business to deliver tailored engineered equipment.

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Funding

Total Funding

$7.8B

Above

Industry Average

Funded Over

1 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
RI Central
Jun 20th, 2026
CHX deadline: CHX investors with losses in excess of $100K have opportunity to lead ChampionX Corporation securities fraud lawsuit.

CHX deadline: CHX investors with losses in excess of $100K have opportunity to lead ChampionX Corporation securities fraud lawsuit. * By THE ROSEN LAW FIRM, P. A. * 10 hrs ago * 0 NEW YORK, June 20, 2026 /PRNewswire/ - Why: Rosen Law Firm, a global investor rights law firm, reminds sellers of common stock of ChampionX Corporation (NASDAQ: CHX) between February 29, 2024 and April 1, 2024 (the "Class Period"), of the important July 14, 2026 lead plaintiff deadline. So what: If you sold ChampionX common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. What to do next: To join the ChampionX class action, go to https://rosenlegal.com/cases/championx-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 14, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Why Rosen Law: Ricentral encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Details of the case: According to the lawsuit, defendants throughout the Class Period failed to disclose material information, which artificially deflated the price of ChampionX common stock. On February 29, 2024, ChampionX received an unsolicited non-public offer from Schlumberger Limited to purchase all the outstanding shares of ChampionX for $36.70 per share. On March 7, 2024, Schlumberger raised its offer to $37.80 per share. The lawsuit alleges that while these offers were on the table and unknown to the investing public, ChampionX was repurchasing its common stock at market prices significantly below the prices offered by Schlumberger. ChampionX had an obligation to disclose that it had received a formal acquisition offer from Schlumberger or abstain from purchasing ChampionX stock from unsuspecting investors. During the Class Period, ChampionX's average stock price was $33.32 per share. On Tuesday, April 2, 2024, during pre-market hours, ChampionX disclosed the merger with Schlumberger. The merger eventually closed on July 16, 2025, with Schlumberger acquiring ChampionX for $40.58 per share. To join the ChampionX class action, go to https://rosenlegal.com/cases/championx-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827

Private Equity Professional
Feb 27th, 2025
LongRange to Carve US Synthetic from ChampionX

LongRange Capital has agreed to acquire US Synthetic from publicly traded ChampionX Corporation.

Global Competition Review
Feb 26th, 2025
Norway Probes Schlumberger's $7.8B ChampionX Deal

Norway has initiated a Phase II investigation into Schlumberger's $7.8 billion acquisition of ChampionX due to unresolved local antitrust issues. The parties involved did not offer adequate solutions to address these concerns, prompting an in-depth review.

The Business Journals
Dec 5th, 2024
SLB Acquires ChampionX for $7.8B

SLB, the world's largest oil field services provider, is acquiring ChampionX in an all-stock deal valued at $7.8 billion. ChampionX shareholders will receive 0.735 shares of SLB for each CHX share, representing a 14.7% premium. The deal, initially expected to close by the end of 2024, may extend to early 2025 due to a second information request from the DOJ. Additionally, SLB plans to sell its Canadian upstream assets for $430 million, with the divestment expected to close in late Q4 2024.

The Press and Journal
Jul 8th, 2024
ChampionX Acquires RMSpumptools for £90M

James Fisher and Sons sold Aberdeen-based RMSpumptools to US oilfield tech firm ChampionX for £90 million. RMS, which designs and manufactures systems for electrical submersible pumps, employs about 130 people. The sale strengthens Fisher's balance sheet and aligns with its strategy to simplify its portfolio. RMS's managing director Doug Harwell and other key executives will remain. RMS generated £43m in revenue and £11m in operating profits last year, with assets of £26m as of December 31, 2023.

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