Oceaneering (OII) is expected to report higher revenues from the year-ago period's level. However, despite this revenue growth, the company is expected to face increased costs of services and products.
Oceaneering's (OII) Offshore Projects Group segment secures multiple contracts for vessel services in the Gulf of Mexico, boosting fleet utilization with IMR, installation and advanced subsea tech.
Oceaneering's (OII) Manufactured Products segment secures a $50 million contract to supply 27 kilometers of umbilical for the Gulf of Mexico Project.
Oceaneering (OII) secures major contracts with Petrobras, boosting revenues by $120-$183 million, and supplying critical subsea technology for offshore oil operations.
Oceaneering (OII) and TotalEnergies join forces to revolutionize subsea pipeline inspection with Freedom AUV. It cuts inspection time and emissions by 50%.
Oceaneering International (OII) reported earnings 30 days ago. What's next for the stock?