Latest news with #OceaneeringInternational
Business Wire
14-05-2025
- Business
- Business Wire
Oceaneering to Participate at Citi's 2025 Spotlight on SMID Energy Day
HOUSTON--(BUSINESS WIRE)--Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced today that Senior Vice President and Chief Financial Officer Alan R. Curtis and Senior Investor Relations Director Hilary Frisbie will meet with institutional investors at Citi's Spotlight on SMID Energy Day on May 22, 2025 in New York, NY. Oceaneering's first quarter 2025 Investor Presentation will be available on the Investor Relations page of Oceaneering's website at after market close on Monday, May 19, 2025. Oceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries. For more information, please visit
Yahoo
07-05-2025
- Business
- Yahoo
Oceaneering Announces Award of Inspection, Maintenance, and Repair Contract by bp Mauritania Investments Limited
HOUSTON, May 07, 2025--(BUSINESS WIRE)--Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced that its Offshore Projects Group ("OPG") has been awarded a multi-year contract by bp Mauritania Investments Limited for the provision of subsea inspection, maintenance, and repair (IMR) services and remotely operated vehicle (ROV) services in the Greater Tortue Ahmeyim field. Oceaneering will support this contract with one of its multi-purpose vessels outfitted with two Oceaneering work class ROVs. The scope of work will also include project management, engineering, and integration services provided by Oceaneering's local and international personnel. Engineering and pre-mobilization activities have commenced, with field operations expected to commence in the second quarter of 2025. The initial contract duration is three years, with two one-year options to extend. Ben Laura, Oceaneering's Chief Operating Officer, stated, "Oceaneering has a track record of safely providing inspection, maintenance, and repair solutions globally. We believe that our expertise in delivering high-quality subsea solutions in harsh environments, utilizing our advanced products and services, was a key element to winning this contract. We look forward to supporting bp's operations in this field." For more information on Oceaneering's inspection, maintenance, and repair services, please visit: IMRGE™ Integrated, Customizable IMR Solutions | Oceaneering Statements in this press release that express a belief, expectation, or intention, as well as those that are not historical fact, are forward-looking. The forward-looking statements in this press release include statements concerning Oceaneering's work scope, provision of local and international personnel, contract commencement, and contract duration. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on current information and expectations of Oceaneering that involve a number of risks, uncertainties, and assumptions, including risks and uncertainties related to counterparty performance under contracts and market conditions and other economic factors affecting Oceaneering's business. Should one or more of these risks or uncertainties materialize, or should the assumptions underlying the forward-looking statements prove incorrect, actual outcomes could vary materially from those indicated. These and other risks are more fully described in Oceaneering's latest annual report on Form 10-K and its other periodic filings with the Securities and Exchange Commission.
Business Wire
07-05-2025
- Business
- Business Wire
Oceaneering Announces Award of Inspection, Maintenance, and Repair Contract
HOUSTON--(BUSINESS WIRE)--Oceaneering International, Inc. ('Oceaneering') (NYSE:OII) announced that its Offshore Projects Group ('OPG') has been awarded a multi-year contract by bp Mauritania Investments Limited for the provision of subsea inspection, maintenance, and repair (IMR) services and remotely operated vehicle (ROV) services in the Greater Tortue Ahmeyim field. Oceaneering has a track record of safely providing inspection, maintenance, and repair solutions globally. Share Oceaneering will support this contract with one of its multi-purpose vessels outfitted with two Oceaneering work class ROVs. The scope of work will also include project management, engineering, and integration services provided by Oceaneering's local and international personnel. Engineering and pre-mobilization activities have commenced, with field operations expected to commence in the second quarter of 2025. The initial contract duration is three years, with two one-year options to extend. Ben Laura, Oceaneering's Chief Operating Officer, stated, 'Oceaneering has a track record of safely providing inspection, maintenance, and repair solutions globally. We believe that our expertise in delivering high-quality subsea solutions in harsh environments, utilizing our advanced products and services, was a key element to winning this contract. We look forward to supporting bp's operations in this field.' For more information on Oceaneering's inspection, maintenance, and repair services, please visit: IMRGE™ Integrated, Customizable IMR Solutions | Oceaneering Statements in this press release that express a belief, expectation, or intention, as well as those that are not historical fact, are forward-looking. The forward-looking statements in this press release include statements concerning Oceaneering's work scope, provision of local and international personnel, contract commencement, and contract duration. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on current information and expectations of Oceaneering that involve a number of risks, uncertainties, and assumptions, including risks and uncertainties related to counterparty performance under contracts and market conditions and other economic factors affecting Oceaneering's business. Should one or more of these risks or uncertainties materialize, or should the assumptions underlying the forward-looking statements prove incorrect, actual outcomes could vary materially from those indicated. These and other risks are more fully described in Oceaneering's latest annual report on Form 10-K and its other periodic filings with the Securities and Exchange Commission. Oceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries. For more information, please visit
Yahoo
20-04-2025
- Business
- Yahoo
We Like These Underlying Return On Capital Trends At Oceaneering International (NYSE:OII)
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. With that in mind, we've noticed some promising trends at Oceaneering International (NYSE:OII) so let's look a bit deeper. We check all companies for important risks. See what we found for Oceaneering International in our free report. Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. To calculate this metric for Oceaneering International, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.16 = US$246m ÷ (US$2.3b - US$797m) (Based on the trailing twelve months to December 2024). Thus, Oceaneering International has an ROCE of 16%. On its own, that's a standard return, however it's much better than the 9.9% generated by the Energy Services industry. View our latest analysis for Oceaneering International Above you can see how the current ROCE for Oceaneering International compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Oceaneering International . We're delighted to see that Oceaneering International is reaping rewards from its investments and has now broken into profitability. While the business is profitable now, it used to be incurring losses on invested capital five years ago. In regards to capital employed, Oceaneering International is using 28% less capital than it was five years ago, which on the surface, can indicate that the business has become more efficient at generating these returns. This could potentially mean that the company is selling some of its assets. On a side note, we noticed that the improvement in ROCE appears to be partly fueled by an increase in current liabilities. The current liabilities has increased to 34% of total assets, so the business is now more funded by the likes of its suppliers or short-term creditors. Keep an eye out for future increases because when the ratio of current liabilities to total assets gets particularly high, this can introduce some new risks for the business. In the end, Oceaneering International has proven it's capital allocation skills are good with those higher returns from less amount of capital. Since the stock has returned a staggering 301% to shareholders over the last five years, it looks like investors are recognizing these changes. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence. Before jumping to any conclusions though, we need to know what value we're getting for the current share price. That's where you can check out our that compares the share price and estimated value. While Oceaneering International may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
20-04-2025
- Business
- Yahoo
We Like These Underlying Return On Capital Trends At Oceaneering International (NYSE:OII)
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. With that in mind, we've noticed some promising trends at Oceaneering International (NYSE:OII) so let's look a bit deeper. We check all companies for important risks. See what we found for Oceaneering International in our free report. Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. To calculate this metric for Oceaneering International, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.16 = US$246m ÷ (US$2.3b - US$797m) (Based on the trailing twelve months to December 2024). Thus, Oceaneering International has an ROCE of 16%. On its own, that's a standard return, however it's much better than the 9.9% generated by the Energy Services industry. View our latest analysis for Oceaneering International Above you can see how the current ROCE for Oceaneering International compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Oceaneering International . We're delighted to see that Oceaneering International is reaping rewards from its investments and has now broken into profitability. While the business is profitable now, it used to be incurring losses on invested capital five years ago. In regards to capital employed, Oceaneering International is using 28% less capital than it was five years ago, which on the surface, can indicate that the business has become more efficient at generating these returns. This could potentially mean that the company is selling some of its assets. On a side note, we noticed that the improvement in ROCE appears to be partly fueled by an increase in current liabilities. The current liabilities has increased to 34% of total assets, so the business is now more funded by the likes of its suppliers or short-term creditors. Keep an eye out for future increases because when the ratio of current liabilities to total assets gets particularly high, this can introduce some new risks for the business. In the end, Oceaneering International has proven it's capital allocation skills are good with those higher returns from less amount of capital. Since the stock has returned a staggering 301% to shareholders over the last five years, it looks like investors are recognizing these changes. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence. Before jumping to any conclusions though, we need to know what value we're getting for the current share price. That's where you can check out our that compares the share price and estimated value. While Oceaneering International may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
