ChampionX
Develops AM-enabled highly engineered equipment and chemistry solutions for oil and gas production, specializing in artificial lift systems and drilling technologies.
- CEO / Founder
- Soma Somasundaram
- Team Size
- 5001-10000
- Stage
- Public
- Total Funding
- Publicly Traded
- Latest Round
- Acquired
- Key Investors
- Ecolab; Apergy Corporation; SLB
Technology & Products
Key Products
ChampionX offers chemistry programs & services, drilling technology, artificial lift solutions, and automation technologies for the oil & gas industry.
Technological Advantage
Utilizes Metal AM (LPBF) to produce pump stages with optimized hydraulic profiles that are impossible to manufacture via traditional casting, resulting in 15-20% higher efficiency in specific artificial lift applications.
Differentiation
Value Proposition
Reduces total cost of ownership for oilfield operations by utilizing additive manufacturing to create complex, high-performance components (e.g., pump impellers, valves) that improve flow efficiency and equipment longevity in harsh downhole environments.
How They Differentiate
Differentiates through a 'Chemistry + Hardware' approach, where AM-produced hardware is specifically designed to withstand the proprietary chemical treatments used in production optimization.
Market & Competition
Target Customers
Upstream and midstream oil and gas operators, drilling contractors, and energy infrastructure companies.
Industry Verticals
Oil & Gas; Energy; Chemical Manufacturing; Industrial Automation
Competitors
Baker Hughes; Halliburton; TechnipFMC; Weatherford
Growth & Milestones
Growth Metrics
2023 Revenue: $3.76B; Adjusted EBITDA: $752M; Acquired by SLB in 2024 in an all-stock transaction valued at approximately $7.7B.
Major Milestones
2018: Spun off from Dover Corporation as Apergy; 2020: Merged with Ecolab's ChampionX business to form ChampionX Corporation; 2022: Acquired Tomson Technologies and Group 2 Technologies; 2024: Acquired by SLB (Schlumberger) to integrate production and chemistry portfolios
Notable Customers
ExxonMobil; Chevron; Shell; BP; ConocoPhillips