Sector: Energy | Focus: Oil & Gas Equipment & Services
HQ: Houston, Texas
Financial Risks
The company faces market risk from fluctuating oil and gas prices, influenced by global economic conditions, OPEC production, and geopolitical uncertainty. North American activity levels are subdued, and international spending is expected to decelerate. Delays in customer payments, particularly in Mexico, and potential difficulties in accessing cash held outside the U.S. due to currency controls pose liquidity risks. Pending legal proceedings, including arbitration and securities class action lawsuits, present potential liabilities.
Financial Upside
Increased operating income in both Oilfield Services & Equipment and Industrial & Energy Technology segments in Q3 2024, driven by higher volume, price, and cost-out initiatives. Positive outlook for the long-term economics of the LNG industry and growth in new energy solutions (hydrogen, geothermal, etc.). The company returned $361 million to shareholders in Q3 2024 through dividends and share repurchases.
