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ChampionX Corp. - CHX STOCK NEWS

Welcome to our dedicated news page for ChampionX (Ticker: CHX), a resource for investors and traders seeking the latest updates and insights on ChampionX.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ChampionX's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ChampionX's position in the market.

Rhea-AI Summary
ChampionX reported its first quarter 2024 results with revenue of $922.1 million, a 3% decrease year-over-year. Net income rose by 78% to $112.9 million, and adjusted EBITDA increased by 4% to $191.7 million. The company returned 38% of cash from operating activities and 46% of free cash flow to shareholders. ChampionX agreed to be acquired by SLB in an all-stock transaction, subject to shareholder and regulatory approval. Production Chemical Technologies revenue decreased by 7%, while Production & Automation Technologies revenue increased by 5%. Drilling Technologies revenue rose by 18%. Reservoir Chemical Technologies revenue increased by 15%. Various business highlights and strategic partnerships were also announced.
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Rhea-AI Summary
SLB reported strong first-quarter 2024 results with revenue of $8.71 billion, a 13% year-on-year increase, and net income of $1.07 billion, up 14% year-on-year. The company announced a target to return $7 billion to shareholders over 2024-2025. International revenue grew 18% year-on-year, compensating for a 6% decline in North America. SLB CEO Olivier Le Peuch highlighted revenue growth, EPS increase, and adjusted EBITDA growth of 15%. The company aims to continue its momentum in the coming quarters.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.07%
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Rhea-AI Summary
ChampionX (CHX) will release its first quarter 2024 operating results on April 24, 2024, without a conference call or webcast.
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Rhea-AI Sentiment
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0.18%
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Rhea-AI Summary
SLB to Acquire ChampionX in All-Stock Transaction to Strengthen Production Space Leadership. SLB to Increase Shareholder Returns to $3 Billion in 2024 and $4 Billion in 2025. Annual Synergies of $400 Million Expected within Three Years.
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End-of-Day
10.4%
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ChampionX to Acquire RMSpumptools for Approximately $110 Million, Enhancing Production and Automation Technologies Portfolio
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0.12%
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ChampionX Corporation acquires Artificial Lift Performance Limited, a provider of advanced analytics solutions for oil and gas production optimization. The acquisition aims to enhance productivity and profitability through digital growth strategies.
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Rhea-AI Sentiment
End-of-Day
0.93%
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Rhea-AI Summary
ChampionX Corporation (NASDAQ: CHX) announced fourth quarter of 2023 and full year 2023 results. The fourth-quarter revenue decreased 4% year-over-year, flat sequentially. Net income increased 14% year-over-year and decreased 1% sequentially. Adjusted EBITDA increased 10% year-over-year, flat sequentially. Full-year net income increased 103% year-over-year, adjusted EBITDA increased 25% year-over-year. The company repurchased $118 million of common stock in Q4’23 and $277 million in full-year 2023. The board approved an increase in share repurchase program authorization to $1.5 billion and a 12% increase in regular quarterly dividend to $0.095 per share.
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Rhea-AI Sentiment
End-of-Day
9.18%
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ChampionX Corporation (NASDAQ: CHX) to Release Q4 and Full Year 2023 Operating Results on February 5, 2024
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Rhea-AI Sentiment
End-of-Day
-3.68%
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Rhea-AI Summary
ChampionX Corporation (CHX) Declares $0.085 Quarterly Dividend on Common Stock
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Rhea-AI Sentiment
End-of-Day
0.94%
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dividends
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ChampionX Corporation announces Q3 2023 results with revenue of $939.8 million, a decrease of 8% YoY. Net income attributable to ChampionX was $77.7 million, an increase of 237% YoY. Adjusted EBITDA was $189.5 million, an increase of 14% YoY. Cash from operating activities was $163.0 million and free cash flow was $114.6 million.
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Rhea-AI Sentiment
End-of-Day
-8%
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ChampionX Corp.

Nasdaq:CHX

CHX Rankings

CHX Stock Data

7.08B
189.45M
0.73%
106.04%
4.1%
Oil and Gas Field Machinery and Equipment Manufacturing
Manufacturing
Link
US
The Woodlands

About CHX

we are championx, bringing over a century of expertise to deliver forward-thinking innovations, unmatched global supply chain capability, and market-shaping solutions for the upstream and midstream oil and gas industry.