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CHX - ChampionX News Story

$26.35 -0.4  -1.6%

Last Trade - 18/06/21

Sector
Energy
Size
Large Cap
Market Cap £3.84bn
Enterprise Value £4.31bn
Revenue £1.68bn
Position in Universe 1375th / 6927

ChampionX No. 1 in Total Satisfaction in Leading Independent Customer Survey, Led by Strong Scores in Artificial Lift, Production Chemicals and Digital Oilfield Offerings

Thu 22nd April, 2021 2:49pm
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THE WOODLANDS, Texas, April 22, 2021 (GLOBE NEWSWIRE) -- ChampionX Corporation
(“ChampionX” or the “Company”) (NASDAQ: CHX) has again earned the top
overall ranking for total customer satisfaction and was ranked first in eight
additional categories in the 2021 Oilfield Products Survey conducted by
EnergyPoint Research. This independent annual survey is the industry benchmark
for measuring customer satisfaction across the global oilfield and is
comprised of thousands of in-depth evaluations. Final results in this survey
reflect opinions from more than 3,300 customer evaluations concerning major
suppliers of oilfield products.

In addition to Total Satisfaction, ChampionX rated first in Artificial Lift,
Digital Oilfield & Big Data, Engineering & Design, Horizontal & Directional,
Intelligent Sensors & Controls, Onshore Applications, Performance &
Reliability, and Production Chemicals.

Sivasankaran “Soma” Somasundaram, President and Chief Executive Officer,
stated, “Prior to our June 2020 merger both Apergy and Nalco Champion had
well-established reputations for our commitment to continuously advocate for
our customers. It is gratifying to see how that commitment continues to add
value for our customers as demonstrated by our standing in the 2021
EnergyPoint survey. Today, our teams are united in our purpose of improving
lives and focused around providing products and technology that drive our
customers’ success.”

“Achieving this success across nine unique categories, including total
satisfaction, reflects our team members’ efforts to exceed customer
expectations every day. Our team’s dedication to quality, service and
customer driven innovation are clearly the differentiators that set ChampionX
apart and highlights the success of our ‘better together’ portfolio.”

“Conventional wisdom among some is that the oil and gas industry's best days
are behind it. But this ignores the vital role hydrocarbons will play in
global economic growth and rising living standards for decades to come,”
said Doug Sheridan, Managing Director and founder of EnergyPoint. “The table
is set for a new generation of suppliers to take the industry to even greater
heights through more productive, efficient and environmentally friendly
solutions. We believe the companies highlighted in this year's survey are well
positioned to offer that leadership.”

About EnergyPoint Research
EnergyPoint Research provides independent research regarding the customer
satisfaction of suppliers of products and services to the energy industry.
Founded in 2003, the firm publishes annual customer satisfaction ratings and
rankings in six industry segments, including: onshore drilling, offshore
drilling, oilfield services, oilfield products, midstream services and
gasoline retailers. For more information regarding EnergyPoint Research or its
independent oilfield supplier surveys, visit the company’s website at
www.energypointresearch.com or contact the company at
info@energypointresearch.com.

About ChampionX
ChampionX (formerly known as Apergy Corporation) is a global leader in
chemistry solutions and highly engineered equipment and technologies that help
companies drill for and produce oil and gas safely and efficiently around the
world. ChampionX’s products provide efficient functioning throughout the
lifecycle of a well with a focus on the production phase of wells. To learn
more about ChampionX, visit our website at www.championX.com.

Investor Contact:
Byron Pope – byron.pope@championx.com – 281-602-0094

Media Contact:
John Breed – john.breed@championx.com – 281-403-3751

(https://www.globenewswire.com/NewsRoom/AttachmentNg/5c5fa36e-7165-4a87-aa12-f8b64a778d6f)



GlobeNewswire, Inc. 2021
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