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Nabors Industries Ltd   (NBR)
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Nabors Industries Ltd 's

Competitiveness


 

NBR Sales vs. its Competitors Q1 2021



Comparing the results to its competitors, Nabors Industries Ltd reported Total Revenue decrease in the 1 quarter 2021 year on year by -35.89 %, faster than overall decrease of Nabors Industries Ltd 's competitors by -9.31 %, recorded in the same quarter.

List of NBR Competitors





Revenue Growth Comparisons




Net Income Comparison


Nabors Industries Ltd recorded net loss , as well as most of its competitors.

<<  More on NBR Income 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 Q1 2021

Overall company, revenue fell by -35.89 % and company lost market share, to approximate 0.93 %.





<<  More on NBR Market Share.
 

*Market share calculated with total revenue.


NBR's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Nabors Industries Ltd 1,876 824 -517 -
Nextier Oilfield Solutions Inc 803 1,125 -330 0
Superior Energy Services Inc 851 2 -396 0
American Energy Group Ltd 0 2 -1 2
Atwood Oceanics Inc 1,866 606 161 938
Basic Energy Services Inc 377 4 -161 0
Baker Hughes Holdings Llc 19,958 0 -16,421 0
Barnwell Industries inc 17 24 -3 29
Diamond Offshore Drilling Inc 639 18 -755 0
Dover Corp 6,691 20,720 970 27,000
Energy & Technology Corp. 3 0 0 93
Forbes Energy Services Ltd 160 0 -117 843
Halliburton Company 12,859 19,549 -1,756 80,000
Helmerich and Payne inc 1,068 3,431 -296 10,352
Independence Contract Drilling Inc 86 27 -70 299
Klx Inc. 1,628 3,206 481 2,900
Loews Corp 13,106 14,194 46 17,510
Layne Christensen Co 479 326 -2 3,380
Roan Resources, Inc. 414 0 71 1,500
Matson inc 2,581 2,684 277 1,056
Pioneer Energy Services Corp 520 0 -12 0
Noble Corporation 964 13 -3,978 0
Nuverra Environmental Solutions Inc 96 33 -29 0
Newpark Resources Inc 469 310 -74 1,800
Parker Drilling Co 481 105 -166 2,199
Patterson uti Energy Inc 919 1,837 -475 3,600
Rowan Companies Plc 1,120 1,379 -50 4,051
Transocean ltd 3,115 2,394 -627 0
Superior Drilling Products Inc 8 23 -5 43
Schlumberger Limited 29,580 44,401 -2,806 120,000
Vantage Drilling International 96 0 -282 930
Cameron International Corp 9,838 0 724 28,000
Nov Inc 5,456 6,010 -602 63,642
Oil States International Inc 544 481 -79 2,821
Rignet Inc 208 186 -46 503
BJ SERVICES COMPANY 0 0 0 0
Core Laboratories N v 443 1,868 19 4,600
Deep Down Inc 13 8 -6 59
Dril quip Inc 350 1,283 -45 2,319
Enservco Corporation 11 13 -2 249
Eco-stim Energy Solutions, Inc. 41 0 -88 230
Forum Energy Technologies Inc 444 130 7 2,050
Franks International N v 389 731 -172 2,900
Fluor Corporation 14,488 2,386 -164 37,508
Technipfmc Plc 11,552 3,943 380 20,300
General Electric Co 76,213 111,302 -3,485 305,000
Jacobs Engineering Group Inc 13,709 17,904 533 0
Rpc inc 537 1,063 -61 3,500
Tesco Corp 153 173 -59 1,215
Tetra Technologies Inc 254 465 119 2,400
SUBTOTAL 237,476 265,183 -30,347 755,821


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