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Vantage Drilling International  (VDI)
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Vantage Drilling International's

Competitiveness


 

VDI Sales vs. its Competitors Q2 2023



Comparing the current results to its competitors, Vantage Drilling International reported Revenue increase in the 2 quarter 2023 by 47.25 % year on year.
The sales growth was above Vantage Drilling International's competitors' average revenue growth of 15.73 %, achieved in the same quarter.

List of VDI Competitors

With a net margin of 0.93 % Vantage Drilling International achieved higher profitability than its competitors.

More on VDI Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Vantage Drilling InternationalNet Income in the 2 quarter 2023 fell year on year by -97.92%, slower than its competitors' income growth of 140.22 %

<<  VDI Stock Performance Comparisons


Vantage Drilling International's Comment on Competitors and Industry Peers


The contract drilling industry is highly competitive. Demand for contract drilling and related services is influenced by a number of factors, including the current and expected prices of oil and natural gas and the expenditures of oil and natural gas companies for exploration and development of oil and natural gas. In addition, demand for drilling services remains dependent on a variety of political and economic factors beyond our control, including worldwide demand for oil and natural gas, the ability of the Organization of the Petroleum Exporting Countries (“OPEC”) to set and maintain production levels and pricing, the level of production of non-OPEC countries and the policies of various governments regarding exploration and development of their oil and natural gas reserves.

Drilling contracts are generally awarded on a competitive bid or negotiated basis. Pricing (day rate) is often the primary factor in determining which qualified contractor is awarded a job. Rig availability, capabilities, age and each contractor’s safety performance record and reputation for quality also can be key factors in the determination. Operators also may consider crew experience, rig location and efficiency. We believe that the market for drilling contracts will continue to be highly competitive for the foreseeable future. Certain competitors may have greater financial resources than we do, which may better enable them to withstand periods of low utilization, compete more effectively in a low price environment, build new rigs or acquire existing rigs. In the current market, contractors that are awarded a job are more often the ones that submit proposals for contracts at very low day rates thereby depressing global pricing.

Our competition ranges from large international companies offering a wide range of drilling and other oilfield services to smaller, locally owned companies. Competition for rigs is usually on a global basis, as these rigs are highly mobile and may be moved, although at a cost that is sometimes substantial, from one region to another in response to demand.





  

Overall company Market Share Q2 2023

Due to outstanding performance in Overall company, revenue grew by 47.25 % Vantage Drilling International improved its market share, to approximately 0.32 %.




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





Who are Vantage Drilling International's Competitors?




Basic Energy Services Inc
Share Performance



-40.00%
This Quarter



Basic Energy Services Inc
Profile

Basic Energy Services Inc's business model is focused on providing a range of well site services to oil and gas companies. This includes services such as fluid services, well servicing, water logistics, and completion tools.

More about Basic Energy Services Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1.491 mill. $ 377.224 mill. $ -160.566 mill.


Baker Hughes Company
Share Performance



+2.23%
This Quarter



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
$ 34,577.262 mill. $ 25,506.000 mill. $ 1,970.000 mill.


Barnwell Industries inc
Share Performance



-10.25%
One Year



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
$ 25.392 mill. $ 23.913 mill. $ -2.682 mill.


Diamond Offshore Drilling Inc
Share Performance



+20.65%
One Year



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
$ 1,451.453 mill. $ 981.806 mill. $ 48.558 mill.


Dover Corporation
Share Performance



+0.71%
30 Days



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
$ 24,194.615 mill. $ 8,437.633 mill. $ 2,326.834 mill.


Leonardo Drs Inc
Share Performance



+9.11%
This Quarter



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
$ 5,499.375 mill. $ 2,826.000 mill. $ 168.000 mill.


Halliburton Company
Share Performance



+9.79%
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.


Helmerich and Payne inc
Share Performance



+11.71%
One Year



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
$ 4,144.525 mill. $ 2,829.931 mill. $ 432.128 mill.


Independence Contract Drilling inc
Share Performance



+19.02%
30 Days



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
$ 27.187 mill. $ 210.106 mill. $ -37.697 mill.


Loews Corp
Share Performance



+30.22%
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
$ 16,836.391 mill. $ 15,901.000 mill. $ 1,545.000 mill.


Matson inc
Share Performance



+84.31%
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
$ 4,014.064 mill. $ 3,094.600 mill. $ 297.100 mill.


Nabors Industries ltd
Share Performance



-10.07%
Over The Past 5 Days



Nabors Industries ltd
Profile

Nabors Industries Ltd operates as a global provider of drilling and drilling-related services for the oil and gas industry. The company offers a comprehensive range of drilling solutions, including drilling rigs, equipment, and software technologies, as well as services such as wellbore placement, reservoir navigation, and rig management. Nabors' business model involves serving oil and gas companies by delivering efficient drilling solutions that maximize productivity and optimize cost-effectiveness in various drilling operations worldwide.

More about Nabors Industries ltd's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 170.235 mill. $ 3,005.981 mill. $ 49.904 mill.


Noble Corporation Plc
Share Performance



+0.54%
Over The Past 5 Days



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
$ 7,256.109 mill. $ 2,905.738 mill. $ 583.279 mill.


Nuverra Environmental Solutions Inc
Share Performance



+24.22%
30 Days



Nuverra Environmental Solutions Inc
Profile

Nuverra Environmental Solutions Inc is a waste management company that primarily focuses on providing environmentally responsible solutions for the energy industry. Their business model revolves around offering comprehensive water logistics and disposal services to oil and gas companies, ensuring compliance with environmental regulations. They aim to help clients efficiently manage and treat water used in the oil and gas extraction process while minimizing environmental impact.

More about Nuverra Environmental Solutions Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 34.532 mill. $ 97.308 mill. $ -25.825 mill.


Nov Inc
Share Performance



+4.22%
One Year



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
$ 7,771.500 mill. $ 8,313.000 mill. $ 489.000 mill.


Newpark Resources Inc
Share Performance



+0.92%
Over The Past 5 Days



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
$ 694.954 mill. $ 749.600 mill. $ 14.516 mill.


Oil States International Inc
Share Performance



-1.13%
Over The Past 5 Days



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
$ 396.398 mill. $ 782.283 mill. $ 12.891 mill.


Patterson uti Energy Inc
Share Performance



-2.80%
One 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
$ 3,333.051 mill. $ 3,350.615 mill. $ 284.111 mill.


Transocean ltd
Share Performance



+18.48%
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
$ 4,785.387 mill. $ 2,832.000 mill. $ -954.000 mill.


Superior Drilling Products Inc
Share Performance



+43.04%
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
$ 33.611 mill. $ 20.974 mill. $ 7.436 mill.


Schlumberger Limited
Share Performance



+0.13%
One Year



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
$ 74,919.110 mill. $ 32,024.000 mill. $ 4,210.000 mill.



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