ChampionX Corp

CHX: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$86.00	Cpxnf	Njzybjnm

ChampionX's Cost Management Drives Profitability Amid Weaker End-Market Demand

Joshua Aguilar ,

Aug 15, 2024

Business Strategy and Outlook

ChampionX is a diversified oilfield-services firm providing specialty chemicals solutions and artificial lift services for oil and gas development and production. It also manufactures polycrystalline diamond cutter inserts for drilling and mining rigs. About two thirds of ChampionX’s overall business involves specialty chemicals. The firm is one of the largest specialty chemicals providers in oilfield services: ChampionX and Baker Hughes together control roughly half of the global market.

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