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Oceaneering International Inc  (OII)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy
 
Price: $25.8800 $-0.41 -1.560%
Day's High: $26.57 Week Perf: -1.15 %
Day's Low: $ 25.68 30 Day Perf: 19.15 %
Volume (M): 817 52 Wk High: $ 27.46
Volume (M$): $ 21,133 52 Wk Avg: $22.44
Open: $26.09 52 Wk Low: $18.67



 Market Capitalization (Millions $) 2,646
 Shares Outstanding (Millions) 102
 Employees 8,200
 Revenues (TTM) (Millions $) 2,487
 Net Income (TTM) (Millions $) 108
 Cash Flow (TTM) (Millions $) -150
 Capital Exp. (TTM) (Millions $) 108

Oceaneering International Inc

Oceaneering International, Inc. is a global oilfield provider of engineered services and products, primarily to the offshore oil and gas industry. Oceaneering also serves the defense, aerospace and commercial theme park industries. Oceaneering was organized as a Delaware corporation in 1969 out of the combination of three diving service companies founded in the early 1960s. Since our establishment, we have concentrated on the development and marketing of underwater services and products to meet customer needs requiring the use of advanced technology. We believe we are one of the worlds largest underwater services contractors. The services and products we provide to the energy industry include remotely operated vehicles, specialty subsea hardware, engineering and project management, subsea intervention services, including manned diving, survey and positioning services and asset integrity and nondestructive testing services.

Our business segments are contained within two businesses – services and products provided primarily to the oil and gas industry ("Oilfield") and services and products provided to non-energy industries ("Advanced Technologies"). Our four business segments within the Oilfield business are Remotely Operated Vehicles ("ROVs"), Subsea Products, Subsea Projects and Asset Integrity. We report our Advanced Technologies business as one segment. Unallocated Expenses are expenses not associated with a specific business segment. These consist of expenses related to our incentive and deferred compensation plans, including restricted stock and bonuses, as well as other general expenses.
Oilfield. The primary focus of our Oilfield business over the last several years has been toward increasing our asset base and capabilities for providing services and products for offshore operations and subsea completions. In recent years, we have focused on increasing our service and product offerings toward our oil and gas customers operating expenses and the offshore renewable energy market.
During the past ten years, we have acquired businesses to expand and complement our service and product offerings. These include:

a Canadian manufacturer of clamp connectors, check valves and universal ball joints;

a Norwegian-based provider of inspection, maintenance, subsea engineering and field operations services, principally to the oil and gas industry;

a Norwegian rental provider of specialized subsea dredging equipment, including ROV-deployed units, to the offshore oil and gas industry;

a Norwegian oilfield technology company specializing in providing subsea tooling services and plugging, abandonment and decommissioning of offshore oil and gas production platforms and subsea wellheads;

a Norwegian design and fabrication company specializing in subsea tools for the offshore oil and gas industry;

a U.S.-based international provider of survey and positioning services;

a business that uses ROVs to perform surveys on mobile offshore drilling units and floating production systems that satisfy the underwater inspection in lieu of drydocking (UWILD) requirements of all major classification societies;

the assets of a provider of riserless light well intervention services; and a majority interest in an Azerbaijani company that supports the provision of ROV and diving services in the Caspian Sea region.
ROVs. We provide ROVs, which are tethered submersible vehicles remotely operated from the surface, to customers in the oil and gas industry for drilling support and vessel-based services, including subsea hardware installation, construction, pipeline inspection, survey and facilities inspection, maintenance and repair. We design and build our new ROVs at in-house facilities, the largest of which is in Morgan City, LA.

Subsea Products. Our Subsea Products segment consists of two business units: (1) manufactured products; and (2) service and rental. Manufactured products include production control umbilicals and specialty subsea hardware. Service and rental includes tooling, subsea work systems and installation and workover control systems, which we design and build but operate as a service.
We provide various types of subsea umbilicals through our Umbilical Solutions division from plants in the United States, Scotland and Brazil. Offshore operators use umbilicals to control subsea wellhead hydrocarbon flow rates, monitor downhole and wellhead conditions and perform chemical injection. Subsea umbilicals are also used to provide power and fluids to other subsea processing hardware, including pumps and gas separation equipment.

Subsea Projects. Our Subsea Projects segment consists of our subsea installation, inspection, maintenance and repair services, principally in the U.S. Gulf of Mexico and offshore Angola and India, utilizing a fleet currently consisting of two owned and two chartered dynamically positioned deepwater vessels with integrated high-specification work-class ROVs onboard, and three owned shallow water diving and survey vessels, other spot-chartered vessels and other assets. Our owned vessels are Jones Act-compliant. The dynamically positioned vessels are equipped with thrusters that allow them to maintain a constant position at a location without the use of anchors. They are used in the inspection, maintenance and repair of subsea facilities, pipeline or flowline tie-ins, pipeline crossings and installations. These vessels can also carry and install equipment or umbilicals required to bring subsea well completions into production (tie-back to production facilities).



   Company Address: 5875 North Sam Houston Parkway West, Suite 400 Houston, 77086 TX
   Company Phone Number: 329-4500   Stock Exchange / Ticker: NYSE OII
   


Customers Net Income fell by OII's Customers Net Profit Margin fell to

-35.57 %

10.18 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ENSV   -7.49%    
RES   -4.21%    
XPRO   -0.47%    
BOOM   -5.09%    
• View Complete Report
   



Business Update

Oceaneering Navigates Economic Challenges with Strategic Petrobras Contracts

Published Mon, Jun 10 2024 1:08 PM UTC

Oceaneering Secures Major Contracts with Petrobras Amid Mixed Economic Climate'HOUSTON' - Oceaneering International, Inc. (NYSE: OII) has announced significant developments in its Manufactured Products segment, underlined by the successful acquisition of two substantial contracts with Petróleo Brasileiro S.A. (Petrobras). This crucial win, obtained through a competitive bid...

Oceaneering International Inc

Oceaneering International Inc Triumphs with a Stellar EPS Rise & Double-Digit Revenue Surge in Q2 2023 Despite Industry Challanges



Oceaneering International Inc, an oil and gas production company, has delivered impressive financial results for the April to June 2023 period. This article will outline the key facts from their financial report, highlighting the remarkable growth in income per share and revenue during this period. Additionally, we will examine the company's profit margins, inventories, and accounts receivable, all of which point towards a thriving business. Finally, we will provide context regarding the performance of Oceaneering International Inc stock in the market.
Financial Results:
1. Income per Share Soars: In the April to June 2023 financial span, Oceaneering International Inc witnessed a significant increase in income per share of 375%, reaching $0.19 per share. This surge showcases the company's strong growth trajectory, outperforming the prior year period's $0.04 per share.

Oceaneering International Inc

Extraordinary results by Oceaneering International Inc amid the January to March 31 2023 span

Oceaneering International Inc, a leading oil and gas production company, recently announced a turnaround in its financial performance due to a strong rise in revenue. The company's revenue increased by 20.358% to $536.99 million, leading to a net profit of $4.060 million in the fiscal span ending March 31, 2023, compared to a net loss of $-19.210 million in the same period in the previous year.
The company reported earnings per share (EPS) of $0.04, a stark improvement compared to $-0.19 in the comparable span a year ago. However, the EPS dropped by -81.91% from $0.22 per share in the previous quarter. Despite this decline in EPS, the company's revenue surged by 0.142% from $536.22 million, indicating a strong overall financial performance.






 

Oceaneering International Inc's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Oceaneering International Inc does not provide revenue guidance.

Earnings Outlook
Oceaneering International Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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