Oceaneering International

Oceaneering is a global oilfield provider of engineered services and products primarily to the offshore oil and gas industry, with a focus on deepwater applications. Through the use of its applied technology expertise, the Company also serves the defense, entertainment, and aerospace industries. Its business offerings include remotely operated vehicles, built-to-order specialty subsea hardware, deepwater intervention and manned diving services, non-destructive testing and inspection, and engineering and project management.
Oceaneering's mission is to increase the net wealth of its shareholders by providing safe, cost-effective, and quality technical solutions satisfying customer needs worldwide.
Company Growth (employees)
Houston, US
Size (employees)
9,300 (est)
Oceaneering International was founded in 1964 and is headquartered in Houston, US

Key People/Management at Oceaneering International

Clyde Hewlett

Clyde Hewlett

Chief Operating Officer
Kevin McEvoy

Kevin McEvoy

Cardon Gerner

Cardon Gerner

Senior Vice President and Chief Accounting Officer

Oceaneering International Office Locations

Oceaneering International has offices in Houston, Jandakot, Rio de Janeiro, Sandnes and in 7 other locations
Jandakot, AU
634 Karel Ave
Rio de Janeiro, BR
123 Av. Rio Branco
Sandnes, NO
24 Vestre Svanholmen
Dubai, AE
15 Al Moosa Tower 2 Sheikh Zayed Rd
Dyce, GB
Oceaneering House Pitmedden Rd
Hanover, US
7001 Dorsey Rd
Show all (11)

Oceaneering International Financials and Metrics

Oceaneering International Financials

Oceaneering International's revenue was reported to be $2.3 b in FY, 2016

Revenue (Q3, 2017)

476.1 m

Gross profit (Q3, 2017)

54.9 m

Gross profit margin (Q3, 2017), %


Net income (Q3, 2017)

(1.8 m)

EBIT (Q3, 2017)

10.5 m

Market capitalization (22-Dec-2017)

2 b

Cash (30-Sep-2017)

472.4 m


2.3 b
Oceaneering International's current market capitalization is $2 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016


3.3 b3.7 b3.1 b2.3 b

Revenue growth, %


Cost of goods sold

2.5 b2.8 b2.5 b2 b

Gross profit

765.5 m859.2 m605.4 m279.2 m
USDFY, 2013FY, 2014FY, 2015FY, 2016


91.4 m430.7 m385.2 m450.2 m

Accounts Receivable

768.8 m778.4 m612.8 m489.7 m


441.8 m375.6 m328.5 m280.1 m

Current Assets

1.4 b1.7 b1.5 b1.3 b
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017


304.5 m190.6 m271.2 m370.9 m393.2 m441.6 m462.5 m482.3 m472.4 m

Accounts Receivable

774.9 m795.9 m702.2 m577.2 m547.1 m510.4 m429.8 m466.5 m464.5 m


379.8 m377 m373.2 m352.1 m343 m297.2 m297.6 m266.6 m245.8 m

Current Assets

1.6 b1.5 b1.5 b1.4 b1.4 b1.4 b1.2 b1.3 b1.2 b
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

371.5 m428.3 m231 m24.6 m

Depreciation and Amortization

202.2 m229.8 m241.2 m250.2 m

Accounts Receivable

(100 m)(8.5 m)178.8 m123 m


(110 m)66.3 m33.2 m17.8 m
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

69.5 m135 m203.5 m25.1 m47.4 m35.6 m(7.5 m)(5.4 m)(7.2 m)

Depreciation and Amortization

58 m121.5 m183.5 m59.8 m119.8 m194 m53.7 m107 m160.5 m

Accounts Receivable

3.5 m5.3 m98.4 m35.6 m65.7 m102.4 m60 m23.3 m25.5 m


(4.2 m)1.4 m5.1 m(23.7 m)(14.6 m)768 k(17.5 m)13.5 m35 m
USDY, 2017


222 x


16.2 x


51.2 k


0.5 x


0.3 x

Financial Leverage

2.1 x
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Oceaneering International Operating Metrics

Oceaneering International's Backlog was reported to be $1.6 b in FY, 2016, which is a 38% decrease from the previous period
Q4, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017


$3.17 b$2.52 b$1.55 b

Backlog (Subsea Products)

$690 m$788 m$703 m$736 m$652 m$576 m$503 m$457 m$431 m$407 m$328 m$284 k

Remotely Operated Vehicle Fleet


Vessel Fleet

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Oceaneering International Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Oceaneering Ghana Limited
Marine Production Systems Ltd.
Oceaneering Holdings Sarl
Norse Cutting & Abandonment AS
Oceaneering FO Holdings AS
Oceaneering Angola S.A.
Solus Ocean Systems Inc.
Marine Production Systems Do Brasil Ltda.
Oceaneering International Holdings LLC SCS
Oceaneering Services (Nigeria) Ltd.
Oceaneering Senegal SARL
Oceaneering International Dubai L.L.C.
Oceaneering Mobile Workforce Limited
Oceaneering OIS Company - W.L.L.
Grayloc Products Ltd.
Oceaneering International Services Limited
Oceaneering Marine Technologies, Ltd.
Grayloc Products Canada Ltd
Oceaneering Canada Ltd.
Oceaneering Luxembourg Sarl
Solus Oceaneering (Malaysia) SDN. BHD.
Oceaneering International GmbH
Oceaneering International Holdings LLC
Oceaneering Australia Pty Limited
Oceaneering Mobile Workforce LLC
Oceaneering AS
Oceaneering Asset Integrity AS
Oceaneering Pipetech AS
Oceaneering International PTE Ltd.
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
CET Medway Ltd.July 01, 2007
Grayloc Products L.L.C.June 30, 2005$41 m
Oceaneering Rotator ASSeptember 02, 2003
Reflange, IncApril 14, 2003

Oceaneering International Market Value History

Oceaneering International Revenue Breakdown

Oceaneering International Median Salaries

Source: 60 public H-1B filings from Oceaneering International

Oceaneering International's Web-traffic and Trends

Oceaneering International Online and Social Media Presence

Oceaneering International Company Life and Culture

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