A description of the S-054 X-ray telescope on Skylab is presented with a discussion of the experimental objectives, observing program, data reduction and analysis. Some results from the Skylab mission are given. The telescope photographically records high-resolution images of the solar corona in several broadband regions of the soft X-ray spectrum. It includes an objective grating used to study the line spectrum. The spatial resolution, sensitivity, dynamic range and time resolution of the instrument were chosen to survey a wide variety of solar phenomena. It embodies improvements in design, fabrication, and calibration techniques which were developed over a ten-year period. The observing program was devised to optimize the use of the instrument and to provide studies on a wide range of time scales. The data analysis program includes morphological studies and quantitative analysis using digitized images. A small sample of the data obtained in the mission is presented to demonstrate the type of information that is available and the kinds of results that can be obtained from it.