OII Stock
After Oceaneering’s earnings announcement, we see a stock trading at $1.68 billion and around $300m of EBITDA. This compares to SLB, whom many believe will purchase OII quite favorably. SLB enjoys a market capitalization of $68.97 billion with $5 billion of run rate EBITDA. So if SLB acquires OII, as a result, SLB would realize most likely an immediate jump in EPS. Furthermore, synergies over the next 18 months after the hypothetical deal becomes consumatted could add further earnings for SLB. So will Olivier Le Peuch pull the trigger on this tack on acquisition? Only time will tell!
OII Stock
Oceaneering International, Inc. is an American company that provides engineering services and products to the offshore oil and gas, defense, entertainment, and aerospace industries. The company was founded in 1964 by a group of divers in Morgan City, Louisiana, and has since grown into a global company with operations in more than 20 countries.
In its early days, Oceaneering primarily provided diving services to the offshore oil and gas industry in the Gulf of Mexico. In the 1970s, the company began to expand its services to include underwater engineering, construction, and inspection. Oceaneering’s expertise in underwater operations has also been applied to other industries, such as defense and entertainment.
Over the years, Oceaneering has continued to innovate and develop new technologies to support its clients’ needs. In the 1980s, the company developed a remotely operated vehicle (ROV) for underwater inspection and construction. This technology has since been refined and expanded, and Oceaneering now operates a fleet of ROVs for various applications.
In the 1990s, Oceaneering expanded its offerings to include subsea hardware and equipment, such as umbilicals, connectors, and valves. The company has also developed specialized equipment for deep-sea exploration and recovery, including manned submersibles and robotic systems.
Today, Oceaneering continues to be a leader in the offshore industry, providing a wide range of engineering services and products to clients around the world. The company is headquartered in Houston, Texas, and employs over 8,000 people worldwide.
OII Stock
