OverviewSuggest Edit

Oceaneering is a global provider of engineered services and products primarily to the offshore oil and gas industry. It operates through five segments: Remotely Operated Vehicles ("ROVs"), Subsea Products, Subsea Projects, Asset Integrity, and Advanced Technologies. The ROVs segment provides tethered submersible vehicles remotely operated from the surface to customers in the energy industry for drilling support and vessel-based services, including subsea hardware installation, construction, pipeline inspection, survey and facilities inspection, maintenance and repair. The Subsea Products segment includes control umbilicals and specialty hardware, as well as tooling, subsea work systems, and installation and workover control systems, which are built and operated as a service. The Subsea Projects segment is engaged in subsea installation, inspection, diving, and maintenance and repair services. The Asset Integrity segment provides asset integrity management, corrosion management, inspection, and non-destructive testing services. The Advanced Technologies segment engages in engineering and related manufacturing in defense and space exploration activities as well as offers turnkey solutions that include program management, engineering design, fabrication, assembly, and installation to the commercial theme park industry and mobile robotics solutions.

TypePublic
Founded1969
HQHouston, TX, US
Websiteoceaneering.com
Employee Ratings3.7
Overall CultureD+

Latest Updates

Employees (est.) (Dec 2019)9,100(+6%)
Job Openings132
Revenue (FY, 2020)$1.8 B(-10%)
Share Price (Jun 2021)$17.7(+2%)
Cybersecurity ratingDMore

Key People/Management at Oceaneering

Roderick A. Larson

Roderick A. Larson

President and Chief Executive Officer
Charles W. Davison

Charles W. Davison

Chief Operating Officer
Alan R. Curtis

Alan R. Curtis

Senior Vice President and Chief Financial Officer
Holly D. Kriendler

Holly D. Kriendler

Senior Vice President and Chief Human Resources Officer
Shaun R. Roedel

Shaun R. Roedel

Senior Vice President, Manufactured Products
Philip G. Beierl

Philip G. Beierl

Senior Vice President, Advanced Technologies
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Oceaneering Office Locations

Oceaneering has offices in Houston, Austin, Bothell, Bremerton and in 56 other locations
Houston, TX, US (HQ)
11911 Farm to Market Rd 529
Austin, TX, US
4516 Seton Center Pkwy, Lakeview Plaza, Suites 215, 220, and 230
Bothell, WA, US
17706 Brickyard Rd NE
Bremerton, WA, US
647 4th St #100
Broussard, LA, US
202 Staton St
Chesapeake, VA, US
2155 Steppingstone Square
Show all (68)

Oceaneering Financials and Metrics

Oceaneering Revenue

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View revenue for all periods
Oceaneering's revenue was reported to be $1.83 b in FY, 2020
USD

Revenue (Q1, 2021)

437.6m

Gross profit (Q1, 2021)

56.7m

Gross profit margin (Q1, 2021), %

12.9%

Net income (Q1, 2021)

(9.4m)

EBIT (Q1, 2021)

13.8m

Market capitalization (4-Jun-2021)

1.8b

Closing stock price (4-Jun-2021)

17.7

Cash (31-Mar-2021)

442.7m

EV

2.3b
Oceaneering's current market capitalization is $1.8 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

1.9b1.9b2.0b1.8b

Revenue growth, %

(15%)(1%)7%

Cost of goods sold

1.7b1.8b1.9b1.7b

Gross profit

194.6m129.2m98.2m163.9m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

416.4m478.7m519.3m493.9m495.8m497.6m536.7m427.2m439.7m437.6m

Cost of goods sold

397.6m448.9m471.7m466.3m453.8m448.6m489.9m384.7m410.1m380.9m

Gross profit

18.8m29.7m47.6m27.6m42.0m49.1m46.8m42.5m29.7m56.7m

Gross profit Margin, %

5%6%9%6%8%10%9%10%7%13%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

430.3m354.3m373.7m452.0m

Accounts Receivable

476.9m625.1m421.4m296.2m

Prepaid Expenses

64.9m60.9m43.2m48.6m

Inventories

215.3m194.5m174.7m141.2m
Quarterly
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

166.4m(212.3m)(348.4m)(496.8m)

Depreciation and Amortization

213.5m293.6m263.4m528.9m

Inventories

65.5m(12.5m)(11.8m)(26.5m)

Accounts Payable

(76.3m)28.5m76.6m8.9m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

(49.1m)(82.2m)(148.2m)(24.8m)(60.0m)(85.5m)(367.6m)(392.4m)(471.8m)(9.4m)

Depreciation and Amortization

54.1m114.0m164.7m52.5m102.8m153.4m356.2m394.9m482.4m36.5m

Inventories

(3.0m)(3.9m)(7.1m)(15.0m)(18.7m)(10.8m)8.4m14.3m19.2m10.6m

Cash From Operating Activities

5.6m15.7m35.7m19.1m72.7m112.2m(32.1m)5.4m32.4m(1.7m)
USDFY, 2017

Revenue/Employee

234.3k

Debt/Equity

0.5 x

Debt/Assets

0.3 x

Financial Leverage

1.8 x
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Oceaneering Operating Metrics

Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020

Remotely Operated Vehicle Fleet

282279279279279279279275275276276250250250

Average Number of Floating Rigs under Contract

151153151150147154150148159161159154153139

Remotely Operated Vehicle Days Available

25.22 k25.3 k25.7 k101.95 k25.14 k25.39 k25.67 k101.46 k24.51 k25.01 k25.39 k100.48 k22.75 k22.75 k

Remotely Operated Vehicle Days on Hire

11.49 k12.27 k12.74 k47.28 k11.03 k13.65 k14.25 k52.08 k12.94 k15.42 k15.15 k58.35 k14.85 k13.5 k
Show all operating metrics

Oceaneering Acquisitions / Subsidiaries

Company NameDateDeal Size
Ecosse Subsea SystemsMarch 05, 2018$68 m
DalgidjAugust 01, 2017$12.4 m
Blue Ocean TechnologiesOctober 17, 2016$30 m
Meridian Ocean Services LLCJuly 25, 2016
C & C Technologies Inc.February 02, 2015$230 m
Spectrum Sales & Services LLCJune 17, 2014
AirsisJune 03, 2014
AGR Field Operations Holdings ASNovember 22, 2011
Norse Cutting & Abandonment Inc.March 07, 2011
Ifokus Engineering ASJuly 10, 2007$13 m
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Oceaneering Revenue Breakdown

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Oceaneering revenue breakdown by business segment: 16.0% from Subsea Projects, 22.0% from Remotely Operated Vehicles, 20.8% from Advanced Technologies, 29.4% from Subsea Products and 11.9% from Asset Integrity

Oceaneering revenue breakdown by geographic segment: 8.5% from Asia and Australia, 10.6% from Norway, 12.5% from United Kingdom, 14.3% from Africa, 45.0% from United States and 9.0% from Other

Oceaneering Cybersecurity Score

Cybersecurity ratingPremium dataset

D

69/100

SecurityScorecard logo

Oceaneering Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Oceaneering Online and Social Media Presence

Embed Graph

Oceaneering Company Culture

  • Overall Culture

    D+

    61/100

  • CEO Rating

    A-

    74/100

  • Compensation

    C

    63/100

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Oceaneering News and Updates

Thinking about buying stock in Sundial Growers, RealReal, Express, Oceaneering, or Nokia?

NEW YORK, June 3, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for SNDL, REAL, EXPR, OII, and NOK. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

Asset Integrity Management Services Market Size, Share and Future Outlook to 2027 - Flour Corporation, DNV GL AS, John Wood Group Plc., Oceaneering International, Inc., Rosen Group

Latest market study on “Asset Integrity Management Control Market to 2027– COVID 19 Impact and Global Analysis”, the asset integrity management services market is estimated to reach US$ 37.92 Bn by 2027 from US$ 17.95 Bn in 2018. The report include key understanding on the driving factors of this gr…

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Oceaneering International, Inc. - OII

NEW YORK, Aug. 3, 2020 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Oceaneering International, Inc. ("Oceaneering" or the "Company") (NYSE: OII). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext....

Underwater Vehicle 2019 Global Market Key Players – Oceaneering International Inc., Saab AB, Lockheed Martin Corporation, Atlas Elektronik Gmbh, FUGRO, Kongsberg Gruppen ASA, Teledyne Technologies Inc......

Underwater Vehicle – Global Market Growth, Opportunities, Analysis Of Top Key Players And Forecast To 2023 Posted via Industry Today. Follow us on Twitter @IndustryToday

AGV Software market poised to grow at a CAGR of +14% - Know about Top Companies profiled like Oceaneering International, Murata Machinery, Transbotics, Kollmorgen, KUKA, KION Group, JBT Corporation, BA Systems, Toyota Industries

This market research report on AGV Software Market studied by Offering (In-built Vehicle Software and Integrated Software), Industry (Automotive, Manufacturing, Food & Beverages, Aerospace, Healthcare, Logistics, Retail), and Geography. Posted via Industry Today. Follow us on Twitter @IndustryTo…

Underwater Robotics Market Size, Share & Trends Analysis Report, 2018-2025 Featuring Key Players - Oceaneering International, ECA Group, Atlas Maridan & Bluefin Robotics

DUBLIN, Oct 31, 2018 /PRNewswire/ -- The "Underwater Robotics Market Size, Share & Trends Analysis Report By Type (ROV, AUV), By Application (Commercial Exploration, Defense & Security, Scientific Research), By Region, And Segment Forecasts, 2018 - 2025" report has been added to...
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Oceaneering Blogs

Oceaneering secures seabed clearing contract for Scottish wind farm

Houston, April 8, 2020 – Oceaneering International Services Ltd (OISL), […]

Oceaneering secures maintenance build and inspection contract with GOLAR for FLNG

Houston, March 25, 2020 – Oceaneering International, Inc. (Oceaneering) has […]

Oceaneering Angola provides regional training opportunities

Oceaneering Angola is poised to become a training hub for […]

Oceaneering® C-Nav® Positioning Solutions to provide C-Nav5000™ GNSS Receivers for select SEACOR Marine vessels

Houston, January 15, 2020 – Oceaneering® C-Nav®  Positioning Solutions has […] The post Oceaneering® C-Nav® Positioning Solutions to provide C-Nav5000™ GNSS Receivers for select SEACOR Marine vessels appeared first on Oceaneering.

Steps Toward Freedom

Offshore Engineer spoke to Steffan Lindsø, Director of Emerging Technology, […] The post Steps Toward Freedom appeared first on Oceaneering.

Oceaneering Awarded Major Contract to Support Decommissioning Program Offshore Canada

Houston, September 30, 2019 – Oceaneering International, Inc., has been […] The post Oceaneering Awarded Major Contract to Support Decommissioning Program Offshore Canada appeared first on Oceaneering.
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Oceaneering Frequently Asked Questions

  • When was Oceaneering founded?

    Oceaneering was founded in 1969.

  • Who are Oceaneering key executives?

    Oceaneering's key executives are Roderick A. Larson, Charles W. Davison and Alan R. Curtis.

  • How many employees does Oceaneering have?

    Oceaneering has 9,100 employees.

  • What is Oceaneering revenue?

    Latest Oceaneering annual revenue is $1.8 b.

  • What is Oceaneering revenue per employee?

    Latest Oceaneering revenue per employee is $200.9 k.

  • Who are Oceaneering competitors?

    Competitors of Oceaneering include Weatherford, TechnipFMC and Transocean.

  • Where is Oceaneering headquarters?

    Oceaneering headquarters is located at 11911 Farm to Market Rd 529, Houston.

  • Where are Oceaneering offices?

    Oceaneering has offices in Houston, Austin, Bothell, Bremerton and in 56 other locations.

  • How many offices does Oceaneering have?

    Oceaneering has 68 offices.