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, US
Websiteoceaneering.com
Employee Ratings3.4

Latest Updates

Employees (est.) (Dec 2019)9,100(+6%)
Job Openings25
Revenue (FY, 2019)$2 B(+8%)
Share Price (Oct 2020)$3.8 (-6%)
Cybersecurity ratingCMore

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 63 other locations
Houston, US (HQ)
11911 Farm to Market Rd 529
Austin, US
4516 Seton Center Pkwy, Lakeview Plaza, Suites 215, 220, and 230
Bothell, US
17706 Brickyard Rd NE
Bremerton, US
647 4th St #100
Broussard, US
202 Staton St
Chesapeake, US
2155 Steppingstone Square
Show all (73)

Oceaneering Financials and Metrics

Oceaneering Revenue

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View revenue for all periods
Oceaneering's revenue was reported to be $2.05 b in FY, 2019 which is a 7.3% increase from the previous period.
USD

Revenue (Q2, 2020)

427.2m

Gross profit (Q2, 2020)

42.5m

Gross profit margin (Q2, 2020), %

10%

Net income (Q2, 2020)

(24.8m)

EBIT (Q2, 2020)

(5.2m)

Market capitalization (16-Oct-2020)

381.3m

Closing stock price (16-Oct-2020)

3.8

Cash (30-Jun-2020)

333.5m

EV

1.0b
Oceaneering's current market capitalization is $381.3 m.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

1.9b1.9b2.0b

Revenue growth, %

(15%)(1%)7%

Cost of goods sold

1.7b1.8b1.9b

Gross profit

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

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

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

Cash

430.3m354.3m373.7m

Accounts Receivable

476.9m625.1m421.4m

Prepaid Expenses

64.9m60.9m43.2m

Inventories

215.3m194.5m174.7m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

334.9m339.5m367.2m341.8m355.8m340.3m307.5m333.5m

Accounts Receivable

471.3m504.3m579.2m381.5m374.2m376.0m373.0m353.2m

Prepaid Expenses

114.5m84.5m54.4m72.7m61.5m54.7m

Inventories

185.0m185.9m189.1m203.0m206.7m198.7m166.4m160.4m
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

166.4m(212.3m)(348.4m)

Depreciation and Amortization

213.5m293.6m263.4m

Inventories

65.5m(12.5m)(11.8m)

Accounts Payable

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

Net Income

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

Depreciation and Amortization

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

Inventories

(3.0m)(3.9m)(7.1m)(15.0m)(18.7m)(10.8m)8.4m14.3m

Cash From Operating Activities

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

EV/EBIT

228.9 x

EV/CFO

17.9 x

Revenue/Employee

234.3k

Debt/Equity

0.5 x

Debt/Assets

0.3 x

Financial Leverage

1.8 x

P/E Ratio

12.6
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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

282 279 279 279 279 279 279 275 275 276 276 250 250 250

Average Number of Floating Rigs under Contract

151 153 151 150 147 154 150 148 159 161 159 154 153 139

Remotely Operated Vehicle Days Available

25.22 k25.30 k25.70 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 k13.50 k
Show all operating metrics

Oceaneering Acquisitions / Subsidiaries

Company NameDateDeal Size
Ecosse Subsea SystemsMarch 05, 2018$68 m
DalgidjAugust 01, 2017$12.40 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 Cybersecurity Score

Cybersecurity ratingPremium dataset

C

71/100

SecurityScorecard logo

Oceaneering Revenue Breakdown

Embed Graph

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 Online and Social Media Presence

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Oceaneering News and Updates

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...

Oceaneering Blogs

Oceaneering’s Subsea Pumping Technology Named World Oil Awards Finalist

September 3, 2019 – Houston, Texas – Oceaneering International, Inc. […] The post Oceaneering’s Subsea Pumping Technology Named World Oil Awards Finalist appeared first on Oceaneering.

Oceaneering announces new site for Aberdeen operations

Houston, August 29, 2019 – Oceaneering International, Inc. (Oceaneering) today […] The post Oceaneering announces new site for Aberdeen operations appeared first on Oceaneering.

Oceaneering wins subsea wellhead removal from Lundin

Houston, August 14, 2019 – Oceaneering International, Inc. (“Oceaneering”) has […] The post Oceaneering wins subsea wellhead removal from Lundin appeared first on Oceaneering.

Oceaneering launches Inform Inspect™ digital asset inspection system

Houston, June 27, 2019 – Oceaneering International, Inc., has launched […] The post Oceaneering launches Inform Inspect™ digital asset inspection system appeared first on Oceaneering.

TAXI­™ Solution: How a New Approach to Radiography Inspections Avoids Nucleonic Trips

A large number of oil and gas pressure pipework failures […] The post TAXI­™ Solution: How a New Approach to Radiography Inspections Avoids Nucleonic Trips appeared first on Oceaneering.

Oceaneering to perform first deepwater AUV survey in Mexico

Houston, June 10, 2019 — Oceaneering International, Inc. has secured […] The post Oceaneering to perform first deepwater AUV survey in Mexico 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 $2 b.

  • What is Oceaneering revenue per employee?

    Latest Oceaneering revenue per employee is $225.1 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 63 other locations.

  • How many offices does Oceaneering have?

    Oceaneering has 73 offices.