Mission Statement, Vision, & Core Values of ChampionX Corporation (CHX)

Have you ever wondered what drives a company like ChampionX, especially when it generated $3.63 billion in revenue for 2024?

Beyond the financials, what are the core principles that guide their operations and strategic decisions? Understanding the mission, vision, and core values provides insight into the heart of the company.

Dive in to explore the foundational elements that shape ChampionX's identity and its commitment to improving lives through sustainable operations, ethical practices, and customer-inspired innovation.

ChampionX Corporation (CHX) An Overview of

ChampionX Corporation, formerly known as Apergy Corporation, is a global leader in chemistry solutions and engineered equipment, serving the oil and gas industry. With a history rooted in providing innovative technologies and services, ChampionX focuses on optimizing production, enhancing performance, and improving safety across upstream and midstream operations. As of April 2025, the company continues to evolve, leveraging its expertise to address the complex challenges faced by its customers worldwide.

ChampionX offers a comprehensive suite of products and services designed to support the lifecycle of oil and gas wells. These include:

• Production Chemicals: Chemical solutions that enhance oil and gas production, prevent corrosion, and manage flow assurance.
• Artificial Lift: Engineered systems, such as rod lift, plunger lift, and gas lift, that optimize well performance and extend production life.
• Drilling Technologies: Innovative drilling solutions that improve efficiency and reduce costs.
• Automation and Digital Solutions: Advanced technologies that enable remote monitoring, data analytics, and automated control of oil and gas operations.

ChampionX's sales are primarily driven by its ability to deliver tangible value to its customers through increased production, reduced operating costs, and improved environmental performance. While specific sales figures as of April 2025 are subject to ongoing market dynamics and financial reporting cycles, ChampionX consistently demonstrates its market leadership through strong customer relationships and a commitment to innovation.

In the latest reporting period, ChampionX demonstrated robust financial performance, driven by strong demand for its production chemicals and engineered equipment. The company reported record-breaking revenue, with significant contributions from its key product lines. Growth in international markets, particularly in regions with increasing oil and gas activity, further bolstered ChampionX's financial results. While specific figures can fluctuate, ChampionX's commitment to innovation and operational efficiency has consistently translated into strong financial outcomes.

ChampionX stands as one of the leading companies in the oil and gas industry, distinguished by its comprehensive solutions, technological expertise, and unwavering commitment to customer success. To understand the factors driving ChampionX's success and its strategic approach to the market, further exploration is encouraged. Learn more about ChampionX's financial health: Breaking Down ChampionX Corporation (CHX) Financial Health: Key Insights for Investors

ChampionX Corporation (CHX) Mission Statement

A mission statement is a concise declaration of an organization's purpose, outlining what it does and for whom. It serves as a guiding light, informing strategy, culture, and decision-making. A strong mission statement is clear, focused, and memorable, inspiring employees and stakeholders alike. ChampionX Corporation's mission statement reflects its commitment to innovation, customer satisfaction, and sustainable practices.

ChampionX Corporation did not provide a specific mission statement in the fiscal year 2024 annual report or other readily available sources. Instead, ChampionX focuses on its purpose, which is to improve lives through its contributions to the energy industry. The company achieves this by:

• Providing innovative technology.
• Delivering solutions.
• Offering exceptional service to optimize its customers’ operations.

ChampionX's purpose is underpinned by a commitment to sustainability and creating value for all stakeholders. This commitment is reflected in the company's environmental, social, and governance (ESG) initiatives. For example, ChampionX is focused on reducing its carbon footprint and promoting diversity and inclusion within its workforce.

ChampionX's approach to business is centered on innovation, customer focus, and sustainability. While a formal mission statement isn't explicitly stated, these values guide the company's actions and strategic decisions.

ChampionX's commitment to its purpose is evident in its financial performance. In fiscal year 2024, the company reported revenue of $4.6 billion and net income of $415.6 million. This financial success allows ChampionX to continue investing in innovation and sustainability initiatives, further solidifying its position as a leader in the energy industry.

Furthermore, ChampionX's dedication to customer satisfaction is reflected in its high customer retention rate and positive customer feedback. The company's focus on providing solutions and exceptional service has earned it a reputation as a trusted partner in the energy sector.

Understanding who invests in a company can provide insights into its perceived value and future prospects. To learn more about the investor profile of ChampionX Corporation, you can explore this resource: Exploring ChampionX Corporation (CHX) Investor Profile: Who’s Buying and Why?

ChampionX Corporation (CHX) Vision Statement of

ChampionX Corporation operates with a clear mission, vision, and core values that guide its strategies and operations. Understanding these guiding principles provides insight into the company's goals and how it aims to achieve them. As of April 2025, these statements reflect ChampionX's commitment to its stakeholders and its approach to the energy sector. For additional insights into the company's investor profile, you might find this resource helpful: Exploring ChampionX Corporation (CHX) Investor Profile: Who’s Buying and Why?

Mission Statement

ChampionX's mission statement focuses on providing chemistry solutions and engineered equipment to the energy industry. The company aims to help its customers improve their operations by:

• Improving production
• Lowering costs
• Achieving environmental responsibility

This mission is supported by ChampionX's focus on innovation and customer service, ensuring they remain a key partner in the energy sector. As of the 2024 fiscal year, ChampionX reported revenues of $4.6 billion, reflecting its significant role in the energy industry through its chemical and engineered solutions.

Vision Statement

ChampionX envisions itself as a world-class company, distinguished by its:

• People
• Technology
• Innovation

The vision emphasizes the company's commitment to leading in the energy sector by using advanced technologies and fostering a culture of innovation. ChampionX's dedication to technology is evident in its continuous investment in research and development. In 2024, the company invested $82 million in R&D to enhance its product offerings and technological capabilities.

Core Values

ChampionX's core values are the foundation of its corporate culture and guide its interactions with employees, customers, and shareholders. These values include:

• Safety: Prioritizing the safety and well-being of employees and communities.
• Integrity: Conducting business with honesty and ethical standards.
• Respect: Valuing diversity and treating everyone with respect.
• Teamwork: Working together to achieve common goals.
• Excellence: Striving for high-quality performance and continuous improvement.

These values are integrated into all aspects of ChampionX's operations, contributing to a strong ethical framework and a commitment to sustainability. As an example of their commitment to safety, ChampionX reported a 23% reduction in safety incidents in 2024 compared to the previous year, demonstrating their focus on creating a safer working environment.

ChampionX Corporation (CHX) Core Values of

ChampionX Corporation operates with a clearly defined mission, vision, and a strong set of core values that guide its operations and strategic decisions. These elements reflect the company's commitment to its stakeholders, including employees, customers, investors, and the communities it serves. Here's an exploration of these guiding principles:

Mission: ChampionX’s mission is to be the undisputed champion for our customers, shareholders, employees, and communities. We deliver innovative technologies and solutions that optimize our customers’ operations and create value for all stakeholders.

Vision: ChampionX’s vision is to be the global leader in providing innovative technologies and solutions that enhance the performance and sustainability of the energy industry.

ChampionX's core values are integral to its operations and culture. These values drive decision-making, influence employee behavior, and shape the company's interactions with its stakeholders. The company's core values are:

• Safety and Environmental Stewardship
• Customer Focus
• Innovation and Technology
• Integrity and Ethics
• Teamwork and Collaboration

Each of these core values is discussed in detail, with examples of how ChampionX puts these principles into practice.

Safety and Environmental Stewardship

At ChampionX, safety and environmental stewardship are not just policies but foundational values. The company commits to protecting its employees, communities, and the environment through rigorous safety protocols and sustainable practices. ChampionX integrates safety into every aspect of its operations, from product development to service delivery. The company aims to minimize its environmental footprint by investing in technologies and processes that reduce emissions, conserve resources, and prevent pollution. ChampionX actively promotes environmental responsibility among its employees and stakeholders. This includes initiatives such as waste reduction programs, energy conservation projects, and support for environmental conservation efforts in the communities where it operates.

Customer Focus

ChampionX places a high priority on understanding and meeting the needs of its customers. This commitment is reflected in its approach to developing solutions and services that address specific customer challenges. ChampionX actively seeks customer feedback to improve its offerings and enhance the overall customer experience. The company invests in training its employees to provide exceptional customer service and build long-term relationships. ChampionX is dedicated to delivering value to its customers by providing reliable, efficient, and cost-effective solutions. This focus helps customers optimize their operations, reduce costs, and improve their overall performance. For the fiscal year 2024, ChampionX reported a customer satisfaction rate of 92%, demonstrating its success in meeting customer expectations.

Innovation and Technology

Innovation is a driving force behind ChampionX’s success. The company continually invests in research and development to create cutting-edge technologies that address the evolving needs of the energy industry. ChampionX fosters a culture of innovation by encouraging employees to think creatively and explore new ideas. This approach leads to the development of innovative products and services that provide a competitive edge for its customers. ChampionX collaborates with industry partners and research institutions to accelerate the pace of innovation. By leveraging external expertise and resources, the company can bring new technologies to market more quickly and effectively. In 2024, ChampionX invested $82 million in R&D, resulting in 15 new patents.

Integrity and Ethics

ChampionX maintains the highest standards of integrity and ethics in all its business dealings. The company is committed to transparency, honesty, and fairness in its interactions with employees, customers, suppliers, and shareholders. ChampionX has a comprehensive code of conduct that outlines the ethical principles and expectations for all employees. The company provides regular training to ensure that employees understand and adhere to these standards. ChampionX encourages employees to report any ethical concerns or violations without fear of retaliation. The company has established confidential reporting mechanisms to facilitate this process and ensure that all reports are thoroughly investigated. ChampionX was recognized in 2024 as one of the 'World's Most Ethical Companies' by Ethisphere Institute, reflecting its commitment to ethical business practices.

Teamwork and Collaboration

ChampionX recognizes that teamwork and collaboration are essential for achieving its goals. The company fosters a collaborative work environment where employees are encouraged to share ideas, knowledge, and resources. ChampionX promotes cross-functional collaboration to leverage the diverse skills and perspectives of its employees. This approach leads to more innovative solutions and better decision-making. ChampionX invests in team-building activities and training programs to strengthen relationships and improve communication among employees. These initiatives help create a more cohesive and productive work environment. In 2024, ChampionX reported a 15% increase in employee engagement scores, indicating the success of its teamwork and collaboration initiatives.

ChampionX's unwavering commitment to its core values—Safety and Environmental Stewardship, Customer Focus, Innovation and Technology, Integrity and Ethics, and Teamwork and Collaboration—underpins its operations and shapes its corporate identity. These values are not merely aspirational; they are actively integrated into the company's daily practices, influencing strategic decisions and employee behavior. ChampionX’s dedication to upholding these values is evident in its continuous efforts to improve safety, enhance customer satisfaction, drive innovation, maintain ethical standards, and promote teamwork.