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Nabors Industries ltd  (NBR)
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Nabors Industries Ltd's

Competitiveness


 

NBR Sales vs. its Competitors Q4 2023



Comparing the current results to its competitors, Nabors Industries Ltd reported Revenue decrease in the 4 quarter 2023 year on year by -4.52 %, despite the revenue increase by the most of its competitors of 1.76 %, recorded in the same quarter.

List of NBR Competitors

With a net margin of 0.53 % Nabors Industries Ltd achieved higher profitability than its competitors.

More on NBR Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Nabors Industries ltd achieved net profit of $3.86 millions compared to a net loss of $-58.15 millions recorded in the same quarter a year ago.

<<  NBR Stock Performance Comparisons


Nabors Industries Ltd's Comment on Competitors and Industry Peers


To a large degree, our businesses depend on the level of capital spending by oil and gas companies for exploration, development and production activities. A sustained increase or decrease in the price of oil and natural gas could have a material impact on the exploration, development and production activities of our customers and could materially affect our financial position, results of operations and cash flows.

Our industry remains competitive. The number of available rigs exceeds demand in many of our markets, resulting in strong price competition. Many rigs can be readily moved from one region to another in response to changes in levels of activity, which may result in an oversupply of rigs in an area. Many of the total available contracts are currently awarded on a bid basis, which further increases competition based on price. The land drilling, workover, pressure pumping and well-servicing market is generally more competitive than the offshore market due to the larger number of rigs and market participants.

In all of our geographic markets the ability to deliver rigs with new technology and features is the most significant factor in determining which drilling contractor is awarded a job. In recent years, rigs equipped with moving systems and configured to accommodate the drilling of multiple wells on a single site have offered a competitive advantage. In international markets, experience in operating in certain environments, as well as customer alliances, have been significant factors in the selection of Nabors. Other factors include the overall quality of service and safety record, price and the availability and condition of equipment; and the availability of trained personnel possessing specialized skills; and the ability to offer ancillary services.

Certain competitors are present in more than one of our operating regions, although no one competitor operates in all of these areas. In the United States we compete with Helmerich and Payne, Inc. and Patterson-UTI Energy, Inc., and several hundred other competitors with national, regional or local rig operations. In our U.S. Production Services operating segment, we compete with Basic Energy Services, Inc., Key Energy Services, Inc., Superior Energy Services, Inc., Forbes Energy Services Ltd. and numerous other competitors having smaller regional or local rig operations. In Canada and the United States, we compete with many firms of varying size, several of which have more significant operations in those areas than Nabors. Elsewhere, we compete directly with various contractors at each location where we operate. Our Completion Services operating segment competes with large operators such as Halliburton, Baker Hughes, Weatherford International Ltd., Schlumberger Limited, and FTS International Services LLC. as well as, smaller companies such as C&J Energy Services, Inc., RPC, Inc., and other small and mid-sized independent contractors, as well as major oilfield services companies with operations outside of the United States. We believe that the market for land drilling, well-servicing and workover and pressure pumping contracts will continue to be competitive.

Our other operating segments represent a relatively smaller part of our business, and we have numerous competitors in each area.





  

Overall company Market Share Q4 2023

Overall company, revenue fell by -4.52 % and company lost market share, to approximately 1.32 %.




<<  More on NBR Market Share.
 
*Market share is calculated based on total revenue.





Who are Nabors Industries ltd's Competitors?




Nextier Oilfield Solutions Inc
Share Performance



+18.95%
One Year



Nextier Oilfield Solutions Inc
Profile

Nextier Oilfield Solutions Inc is an oilfield services company that provides comprehensive drilling and completion services to the oil and gas industry. Their business model revolves around offering innovative technologies and solutions to optimize drilling operations and enhance production efficiency. Additionally, they specialize in providing equipment rental, wellsite construction, and environmental services to support oilfield operations.

More about Nextier Oilfield Solutions Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 2,474.485 mill. $ 3,647.630 mill. $ 641.776 mill.


Dover Corporation
Share Performance



+15.80%
This Quarter



Dover Corporation
Profile

Dover Corp's business model revolves around providing a diverse range of specialized products and solutions across various industries through their individual operating segments.

More about Dover Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 24,890.267 mill. $ 8,437.633 mill. $ 2,326.834 mill.


Noble Corporation Plc
Share Performance



+4.26%
This Quarter



Noble Corporation Plc
Profile

Noble Corporation Plc operates in the offshore drilling industry, providing contract drilling services for oil and gas companies worldwide.

More about Noble Corporation Plc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 6,926.615 mill. $ 2,905.738 mill. $ 583.279 mill.


Transocean ltd
Share Performance



+28.84%
30 Days



Transocean ltd
Profile

Transocean Ltd is a global offshore drilling contractor that provides drilling services to the oil and gas industry. Their business model revolves around offering drilling rigs on a contract basis to oil and gas companies for exploration and production activities. They generate revenue by leasing these drilling rigs, along with providing related services and equipment, to their clients, thus playing a crucial role in facilitating offshore drilling operations worldwide.

More about Transocean ltd's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 4,708.452 mill. $ 2,832.000 mill. $ -954.000 mill.


Halliburton Company
Share Performance



+9.37%
This Year



Halliburton Company
Profile

Halliburton Company's business model revolves around providing services and technologies for the exploration, development, and production of oil and gas worldwide. This includes services related to drilling and evaluation, completion tools and services, production optimization, and integrated asset management.

More about Halliburton Company's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 0.036 mill. $ 23,018.000 mill. $ 2,662.000 mill.


Loews Corp
Share Performance



+37.87%
One Year



Loews Corp
Profile

Loews Corp operates as a diversified holding company that focuses primarily on three main business sectors: commercial property and casualty insurance, operation of offshore oil and gas drilling rigs, and hotel ownership and operation.

More about Loews Corp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 17,885.103 mill. $ 15,901.000 mill. $ 1,545.000 mill.


Diamond Offshore Drilling Inc
Share Performance



+1.62%
This Quarter



Diamond Offshore Drilling Inc
Profile

Diamond Offshore Drilling Inc's business model revolves around providing offshore drilling services and solutions to the global oil and gas industry.

More about Diamond Offshore Drilling Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1,343.105 mill. $ 981.806 mill. $ 48.558 mill.


Helmerich and Payne inc
Share Performance



+15.02%
This Quarter



Helmerich and Payne inc
Profile

Helmerich and Payne Inc. is a contract drilling company that operates primarily in the oil and gas industry. Their business model focuses on providing drilling services through the use of technologically advanced rigs and equipment. They generate revenue by entering into long-term contracts with exploration and production companies, offering drilling services from exploration to production phases.

More about Helmerich and Payne inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 4,195.335 mill. $ 2,829.931 mill. $ 432.128 mill.


Schlumberger Limited
Share Performance



+3.27%
This Quarter



Schlumberger Limited
Profile

Schlumberger Limited is a multinational company that operates as an oilfield services provider. They offer a wide range of technologies, solutions, and services to the oil and gas industry. Their business model involves providing expertise and innovative technologies to help companies efficiently explore, develop, produce, and manage oil and gas reservoirs.

More about Schlumberger Limited's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 79,043.230 mill. $ 32,024.000 mill. $ 4,210.000 mill.


Baker Hughes Company
Share Performance



-3.24%
This Year



Baker Hughes Company
Profile

Baker Hughes Company is a multinational energy technology company that operates in the oil and gas industry. Their business model revolves around providing equipment, technology, and services to the upstream, midstream, and downstream sectors of the industry. They offer a range of products and solutions including drilling services, digital solutions, oilfield software, and equipment for exploration, drilling, completion, and production activities.

More about Baker Hughes Company's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 33,397.220 mill. $ 25,506.000 mill. $ 1,970.000 mill.


Matson inc
Share Performance



+80.48%
One Year



Matson inc
Profile

Matson Inc operates as a transportation company that specializes in ocean cargo. It provides shipping services to various industries by owning and operating a fleet of containerships and logistics services, ensuring efficient transportation of goods across the Pacific.

More about Matson inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 3,886.225 mill. $ 3,094.600 mill. $ 297.100 mill.


Newpark Resources Inc
Share Performance



+84.54%
One Year



Newpark Resources Inc
Profile

Newpark Resources Inc operates as an oil and gas industry supplier, providing innovative products, services, and solutions to enhance drilling operations and environmental protection.

More about Newpark Resources Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 649.591 mill. $ 749.600 mill. $ 14.516 mill.


Barnwell Industries inc
Share Performance



-2.88%
Over The Past 5 Days



Barnwell Industries inc
Profile

Barnwell Industries Inc is an energy and natural resources exploration company. They focus on the acquisition, development, and production of oil and natural gas reserves. Additionally, they engage in real estate activities such as owning, leasing, and managing properties.

More about Barnwell Industries inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 23.592 mill. $ 23.913 mill. $ -2.682 mill.


Independence Contract Drilling inc
Share Performance



-41.49%
One Year



Independence Contract Drilling inc
Profile

Independence Contract Drilling Inc's business model focuses on providing contract land drilling services to oil and natural gas exploration and production companies.

More about Independence Contract Drilling inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 27.467 mill. $ 210.106 mill. $ -37.697 mill.


Leonardo Drs Inc
Share Performance



+3.60%
30 Days



Leonardo Drs Inc
Profile

Leonardo DRS Inc. operates with a business model that combines advanced technology and innovation to create and deliver defense and security solutions. They leverage their expertise to provide integrated products, services, and support to customers worldwide in order to meet their unique mission requirements. Through a combination of research, development, production, and sustainment capabilities, Leonardo DRS Inc. aims to provide comprehensive solutions that enhance the capabilities and effectiveness of military organizations and protect national security interests.

More about Leonardo Drs Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 5,735.625 mill. $ 2,826.000 mill. $ 168.000 mill.


Patterson uti Energy Inc
Share Performance



+7.94%
This Year



Patterson uti Energy Inc
Profile

Patterson-UTI Energy Inc. operates as a provider of onshore drilling services and related equipment for oil and natural gas companies. Their business model is centered around offering drilling solutions, including rigs, directional drilling services, and pressure pumping services, to help their clients extract and produce energy resources. They aim to leverage their extensive fleet and expertise to deliver efficient and high-quality drilling services, contributing to the growth and success of energy companies in the United States.

More about Patterson uti Energy Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 3,296.393 mill. $ 3,350.615 mill. $ 284.111 mill.


Superior Drilling Products Inc
Share Performance



+17.33%
This Quarter



Superior Drilling Products Inc
Profile

Superior Drilling Products Inc's business model revolves around providing innovative drilling solutions and products to the oil and gas industry. They focus on developing and manufacturing tools that enhance drilling efficiency, productivity, and safety.

More about Superior Drilling Products Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 26.523 mill. $ 20.974 mill. $ 7.436 mill.


Vantage Drilling International
Share Performance



0.00%
One Year



Vantage Drilling International
Profile

Vantage Drilling International operates as an offshore drilling contractor providing drilling services for oil and gas companies worldwide. The company's business model revolves around offering high-quality and efficient drilling solutions, utilizing a modern and diversified fleet of drilling rigs. Vantage Drilling International aims to establish long-term relationships with its clients by consistently delivering safe and cost-effective drilling operations.

More about Vantage Drilling International's Market Share

Market Cap. Revenues TTM Net Income TTM
$ - mill. $ 332.059 mill. $ -39.077 mill.


Nov Inc
Share Performance



+2.75%
Over The Past 5 Days



Nov Inc
Profile

Nov Inc operates as a software development company that offers innovative solutions for businesses. Their business model involves providing software products and services to help organizations streamline their operations, improve efficiency, and enhance productivity. They generate revenue through the sale and distribution of their software solutions, as well as through licensing and subscription fees.

More about Nov Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 7,775.460 mill. $ 8,313.000 mill. $ 489.000 mill.


Oil States International Inc
Share Performance



-24.49%
One Year



Oil States International Inc
Profile

Oil States International Inc operates as a global provider of services and products to the oil and gas industry. Their business model revolves around offering a comprehensive range of integrated solutions and equipment across various stages of the oil and gas lifecycle. These solutions include well site services, offshore products, and tubular services, catering to exploration, production, and infrastructure needs of their customers worldwide.

More about Oil States International Inc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 383.507 mill. $ 782.283 mill. $ 12.891 mill.


General Electric Company
Share Performance



+38.94%
This Quarter



General Electric Company
Profile

General Electric Company's business model revolves around industrial activities, manufacturing and providing technologies, products, and services in various sectors such as power, aviation, healthcare, renewable energy, and manufacturing. Their focus lies on innovation, research and development, and delivering solutions that help customers and industries optimize performance and efficiency while addressing societal and environmental challenges.

More about General Electric Company's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 193,411.450 mill. $ 67,954.000 mill. $ 9,443.000 mill.


Fluor Corporation
Share Performance



+8.35%
This Quarter



Fluor Corporation
Profile

Fluor Corporation operates as a global engineering, procurement, construction, and maintenance company, providing professional services to various industries including energy, infrastructure, and government. The company offers a comprehensive range of solutions and expertise to clients, managing projects from concept to completion and providing ongoing operational support.

More about Fluor Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 7,395.972 mill. $ 15,573.000 mill. $ 123.000 mill.


Sprott Inc
Share Performance



+0.51%
Over The Past 5 Days



Sprott Inc
Profile



More about Sprott Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 932.379 mill. $ 169.021 mill. $ 41.799 mill.


Technipfmc Plc
Share Performance



+23.64%
This Quarter



Technipfmc Plc
Profile

TechnipFMC Plc is a global leader in the oil and gas industry, specializing in subsea, onshore/offshore, and surface technologies. Their business model focuses on providing comprehensive solutions to their clients' needs, from project design and engineering to construction and maintenance services. By combining their expertise in various aspects of the energy sector, TechnipFMC aims to deliver cost-effective and sustainable solutions that help their clients optimize their operations.

More about Technipfmc Plc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 11,720.042 mill. $ 7,824.200 mill. $ 60.500 mill.


Jacobs Solutions Inc
Share Performance



+17.51%
This Year



Jacobs Solutions Inc
Profile

Jacob Solutions Inc is a technology consulting firm that provides customized solutions and services to clients across various industries, focusing on their specific needs and goals. They generate revenue by offering expertise, project implementation, and ongoing support to help organizations optimize their technology infrastructure and enhance their operations.

More about Jacobs Solutions Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 18,837.016 mill. $ 16,713.140 mill. $ 754.440 mill.


Dril quip Inc
Share Performance



+7.83%
30 Days



Dril quip Inc
Profile

Dril-Quip Inc's business model revolves around providing advanced drilling and production equipment and services to the offshore oil and gas industry.

More about Dril quip Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 785.377 mill. $ 394.530 mill. $ -1.499 mill.


Forum Energy Technologies Inc
Share Performance



-18.54%
This Year



Forum Energy Technologies Inc
Profile

Forum Energy Technologies Inc. operates as an energy products and services company, providing a diverse range of specialized equipment and technology solutions to various sectors of the energy industry globally. The company primarily focuses on offering products and services related to drilling, production, and infrastructure for oil and natural gas exploration and production companies.

More about Forum Energy Technologies Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 191.751 mill. $ 743.943 mill. $ -14.926 mill.


Core Laboratories Inc
Share Performance



-21.43%
One Year



Core Laboratories Inc
Profile

Core Laboratories N.V. is a provider of products and services for the oil and gas industry, specializing in reservoir description, production enhancement, and reservoir management.

More about Core Laboratories Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 785.466 mill. $ 509.151 mill. $ 41.281 mill.


Koil Energy Solutions Inc
Share Performance



-13.43%
30 Days



Koil Energy Solutions Inc
Profile

Koil Energy Solutions Inc is a tech-driven company that specializes in providing comprehensive energy management solutions for commercial and industrial clients. Their business model focuses on implementing advanced technology, data analytics, and software platforms to optimize energy consumption, reduce costs, and improve sustainability. By offering a range of services such as energy audits, demand response programs, and energy monitoring systems, Koil Energy Solutions helps clients achieve efficient energy usage and streamline their operations.

More about Koil Energy Solutions Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 6.933 mill. $ 15.343 mill. $ -1.554 mill.


Enservco Corporation
Share Performance



-57.52%
One Year



Enservco Corporation
Profile

Enservco Corporation's business model revolves around providing well-site services and solutions to the oil and gas industry.

More about Enservco Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 4.555 mill. $ 22.080 mill. $ -8.278 mill.


Expro Group Holdings N v
Share Performance



+20.20%
This Quarter



Expro Group Holdings N v
Profile

Expro Group Holdings N.V. operates as an oil and gas service company with a focus on well flow management. Their business model involves offering a comprehensive range of products, technologies, and services to support the complete lifecycle of oil and gas wells. This includes well testing, well intervention, subsea, and surface wellhead systems, helping their clients optimize production and recover reserves from their assets.

More about Expro Group Holdings N v 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 2,164.693 mill. $ 1,512.764 mill. $ -23.360 mill.


Rpc inc
Share Performance



-4.55%
One Year



Rpc inc
Profile

Rpc Inc operates as an oilfield services company, providing a wide range of technical services and equipment to the oil and gas industry. The company's business model revolves around offering drilling and production services, along with specialized tools and equipment for well construction, intervention, and completion. Rpc Inc aims to maximize customer satisfaction by delivering cost-effective solutions that improve operational efficiency and minimize downtime in the oil and gas sector.

More about Rpc inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1,638.949 mill. $ 1,617.474 mill. $ 195.113 mill.


Tetra Technologies Inc
Share Performance



-5.02%
This Quarter



Tetra Technologies Inc
Profile

Tetra Technologies Inc's business model focuses on providing specialized services and products for the oil and gas industry.

More about Tetra Technologies Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 560.802 mill. $ 460.367 mill. $ 23.597 mill.



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