Oceaneering (OII) Revenue & Revenue Breakdown

Overview ForecastOwnership Financials Chart Transcripts

Oceaneering Revenue Highlights

Latest Revenue (Y)

$2.42B

Latest Revenue (Q)

$679.81M

Main Segment (Y)

Subsea Robotics

Main Geography (Y)

Non-US

Oceaneering Revenue by Period

Oceaneering Revenue by Year

Date	Revenue	Change
2023-12-31	$2.42B	17.36%
2022-12-31	$2.07B	10.53%
2021-12-31	$1.87B	2.26%
2020-12-31	$1.83B	-10.75%
2019-12-31	$2.05B	7.26%
2018-12-31	$1.91B	-0.63%
2017-12-31	$1.92B	-15.41%
2016-12-31	$2.27B	-25.83%
2015-12-31	$3.06B	-16.31%
2014-12-31	$3.66B	11.34%
2013-12-31	$3.29B	18.13%
2012-12-31	$2.78B	26.91%
2011-12-31	$2.19B	14.38%
2010-12-31	$1.92B	5.21%
2009-12-31	$1.82B	-7.86%
2008-12-31	$1.98B	13.44%
2007-12-31	$1.74B	36.16%
2006-12-31	$1.28B	28.21%
2005-12-31	$998.54M	27.99%
2004-12-31	$780.18M	22.05%
2003-12-31	$639.25M	16.76%
2002-12-31	$547.47M	4.51%
2001-12-31	$523.82M	25.67%
2000-03-31	$416.82M	4.13%
1999-03-31	$400.30M	11.78%
1998-03-31	$358.10M	-2.90%
1997-03-31	$368.80M	27.39%
1996-03-31	$289.50M	20.68%
1995-03-31	$239.90M	4.40%
1994-03-31	$229.80M	6.59%
1993-03-31	$215.60M	-

Oceaneering generated $2.42B in revenue during NA 2023, up 17.36% compared to the previous quarter, and up 126.98% compared to the same period a year ago.

Oceaneering Revenue by Quarter

Date	Revenue	Change
2024-09-30	$679.81M	1.65%
2024-06-30	$668.81M	11.64%
2024-03-31	$599.09M	-8.48%
2023-12-31	$654.63M	3.06%
2023-09-30	$635.18M	6.23%
2023-06-30	$597.91M	11.35%
2023-03-31	$536.99M	0.14%
2022-12-31	$536.22M	-4.19%
2022-09-30	$559.67M	6.80%
2022-06-30	$524.03M	17.45%
2022-03-31	$446.16M	-4.40%
2021-12-31	$466.71M	-0.02%
2021-09-30	$466.81M	-6.30%
2021-06-30	$498.20M	13.86%
2021-03-31	$437.55M	3.13%
2020-12-31	$424.26M	-3.52%
2020-09-30	$439.74M	2.93%
2020-06-30	$427.22M	-20.39%
2020-03-31	$536.67M	-4.30%
2019-12-31	$560.81M	12.69%
2019-09-30	$497.65M	0.38%
2019-06-30	$495.78M	0.38%
2019-03-31	$493.89M	-0.24%
2018-12-31	$495.10M	-4.66%
2018-09-30	$519.30M	8.49%
2018-06-30	$478.67M	14.95%
2018-03-31	$416.41M	-14.00%
2017-12-31	$484.18M	1.69%
2017-09-30	$476.12M	-7.56%
2017-06-30	$515.04M	15.43%
2017-03-31	$446.18M	-8.65%
2016-12-31	$488.44M	-11.07%
2016-09-30	$549.27M	-12.19%
2016-06-30	$625.54M	2.83%
2016-03-31	$608.34M	-15.75%
2015-12-31	$722.07M	-2.90%
2015-09-30	$743.61M	-8.23%
2015-06-30	$810.30M	2.99%
2015-03-31	$786.77M	-14.38%
2014-12-31	$918.93M	-5.57%
2014-09-30	$973.09M	4.93%
2014-06-30	$927.41M	10.38%
2014-03-31	$840.20M	-6.10%
2013-12-31	$894.80M	4.86%
2013-09-30	$853.30M	4.01%
2013-06-30	$820.37M	14.17%
2013-03-31	$718.55M	-7.99%
2012-12-31	$780.95M	6.36%
2012-09-30	$734.22M	9.17%
2012-06-30	$672.54M	13.05%
2012-03-31	$594.89M	3.60%
2011-12-31	$574.20M	-4.65%
2011-09-30	$602.21M	10.33%
2011-06-30	$545.84M	16.03%
2011-03-31	$470.42M	-6.16%
2010-12-31	$501.30M	-2.90%
2010-09-30	$516.27M	11.19%
2010-06-30	$464.30M	6.69%
2010-03-31	$435.17M	-3.78%
2009-12-31	$452.26M	-6.56%
2009-09-30	$484.04M	7.40%
2009-06-30	$450.68M	3.58%
2009-03-31	$435.10M	-17.23%
2008-12-31	$525.69M	1.92%
2008-09-30	$515.79M	3.13%
2008-06-30	$500.12M	14.76%
2008-03-31	$435.81M	-9.51%
2007-12-31	$481.61M	-

Oceaneering generated $679.81M in revenue during Q3 2024, up 1.65% compared to the previous quarter, and up 113.70% compared to the same period a year ago.

Oceaneering Revenue Breakdown

Oceaneering Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Manufactured Products	$493.69M	-	-	-	-
Aerospace and Defense Technologies	$376.85M	-	-	-	-
Subsea Robotics	$752.52M	-	-	-	-
Offshore Projects Group	$546.37M	-	-	-	-
Integrity Management & Digital Solutions	$255.28M	-	-	-	-
Service	-	$1.67B	$1.50B	$1.34B	$1.33B
Product	-	$393.06M	$365.53M	$487.86M	$714.34M

Oceaneering's latest annual revenue breakdown by segment (product or service), as of Dec 23: Subsea Robotics (31.04%), Offshore Projects Group (22.53%), Manufactured Products (20.36%), Aerospace and Defense Technologies (15.54%), and Integrity Management & Digital Solutions (10.53%).

Quarterly Revenue by Product

Product/Service	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
Integrity Managements & Digital Solutions Member	$73.62M	$73.49M	$69.69M	$66.06M	$63.17M	$60.08M	$58.47M	$59.44M	$56.57M	$54.05M	$53.93M	-	-	-	-	-	-	-	-	-
Subsea Robotics Member	$215.72M	$214.99M	$186.93M	$197.34M	$186.51M	$169.16M	$169.42M	$157.12M	$127.99M	$119.12M	$119.62M	-	-	-	-	-	-	-	-	-
Offshore Projects Group	$147.54M	$144.06M	$115.05M	$161.24M	$150.27M	$130.55M	$104.31M	$122.48M	$152.99M	$116.46M	$97.40M	$85.36M	$95.58M	$107.95M	$89.23M	$67.82M	$73.21M	-	-	-
Manufactured Products Member	$143.73M	$139.31M	$129.45M	$122.88M	$124.88M	$112.94M	$94.04M	$105.46M	$82.69M	$86.83M	$110.42M	-	-	-	-	-	-	-	-	-
Aerospace and Defense Technologies Member	$99.20M	$96.96M	$97.96M	$98.63M	$92.80M	$90.50M	$84.76M	$85.56M	$81.51M	$88.33M	$82.56M	-	-	-	-	-	-	-	-	-
Energy Services and Products Member	-	-	-	-	$536.55M	$505.11M	$446.49M	$474.91M	$438.47M	$364.65M	$377.45M	$392.52M	$349.23M	-	-	-	-	-	-	-
Energy Services and Products	-	-	-	-	-	-	-	-	-	-	-	$383.08M	$377.45M	$392.52M	-	-	-	-	-	-
Aerospace and Defense Technologies	-	-	-	-	-	-	-	-	-	-	-	$83.63M	$89.36M	$105.68M	-	-	-	-	-	-
Subsea Robotics	-	-	-	-	-	-	-	-	-	-	-	$134.31M	$143.71M	$141.37M	-	-	-	-	-	-
Manufactured Products	-	-	-	-	-	-	-	-	-	-	-	$102.94M	$75.36M	$79.13M	-	-	-	-	-	-
Integrity Management & Digital Solutions	-	-	-	-	-	-	-	-	-	-	-	$60.47M	$62.81M	$64.07M	-	-	-	-	-	-
Oil and Gas	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$336.74M	$357.18M	$333.84M	$427.20M	$448.24M
Asset Integrity	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$48.08M	$59.13M	-
Rovs	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$98.78M	$111.78M	$116.02M
Subsea Products	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$130.66M	$194.84M	$183.66M
Subsea Projects	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$56.33M	$61.45M	$86.73M
Advanced Technologies	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$93.38M	$109.46M	$112.57M

Oceaneering's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Subsea Robotics Member (31.73%), Offshore Projects Group (21.70%), Manufactured Products Member (21.14%), Aerospace and Defense Technologies Member (14.59%), and Integrity Managements & Digital Solutions Member (10.83%).

Oceaneering Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
UNITED STATES	$1.03B	$978.81M	$811.54M	$860.86M	$921.33M
Africa	$331.89M	$286.69M	$273.10M	$198.50M	$292.82M
Asia Pacific	$189.80M	$206.56M	$184.66M	$149.80M	$174.77M
BRAZIL	$202.89M	$139.86M	$111.20M	$84.64M	$93.51M
NORWAY	$274.16M	$180.19M	$214.31M	$202.38M	$217.76M
Non-US	$1.39B	$1.09B	$1.06B	$90.54M	-
Other geographical member	$189.69M	$96.74M	$93.02M	-	-
Segment, Geographical, Groups of Countries, Foreign	-	-	-	$967.03M	$1.13B
Segment, Geographical, Groups of Countries, Group Three	-	-	-	-	$91.59M

Oceaneering's latest annual revenue breakdown by geography, as of Dec 23: Non-US (38.59%), UNITED STATES (28.52%), Africa (9.19%), NORWAY (7.59%), BRAZIL (5.62%), Asia Pacific (5.25%), and Other geographical member (5.25%).

Quarterly Revenue by Country

Country	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
Non-US	$383.81M	$384.73M	$336.49M	$406.15M	$369.91M	$330.55M	$287.71M	$276.51M	$289.79M	$270.57M	$250.40M	$277.11M	$273.48M	$270.24M	$236.90M	$-661.90M	$240.87M	$238.36M	$273.22M	-
Africa	$101.86M	$114.06M	$87.24M	$85.01M	$84.91M	$78.25M	$83.73M	$76.41M	$78.95M	$67.91M	$63.41M	$60.01M	$78.89M	$71.41M	$62.79M	$40.36M	$43.08M	$51.65M	$63.42M	$70.42M
Asia Pacific	$54.68M	$53.51M	$49.38M	$13.33M	$65.89M	$57.69M	$52.89M	$45.36M	$62.10M	$49.54M	$49.56M	$61.04M	$43.92M	$42.15M	$37.55M	$36.28M	$30.71M	$37.12M	$45.68M	$47.56M
Other Geographical	$24.19M	$38.49M	$34.89M	$62.59M	$43.85M	$25.17M	$25.09M	$21.12M	$23.05M	$22.91M	$25.84M	$20.43M	$22.07M	$22.63M	$24.66M	-	-	-	-	-
UNITED STATES	$296.00M	$284.08M	$262.61M	$248.48M	$265.27M	$267.36M	$249.27M	$259.71M	$269.88M	$253.46M	$195.76M	$189.60M	$193.33M	$227.96M	$200.65M	$209.68M	$198.88M	$188.85M	$263.45M	$257.04M
BRAZIL	$53.28M	$54.62M	$57.05M	$58.54M	$55.74M	$47.99M	$40.62M	$34.92M	$36.64M	$37.95M	$30.35M	$32.79M	$30.24M	$27.52M	$20.65M	$19.73M	$19.30M	$19.12M	$26.49M	$26.69M
NORWAY	$56.42M	$60.07M	$57.72M	$135.30M	$45.41M	$48.51M	$44.94M	$45.21M	$41.78M	$47.91M	$45.28M	$53.38M	$51.27M	$57.36M	$52.29M	$47.63M	$57.14M	$45.42M	$52.18M	$55.17M

Oceaneering's latest quarterly revenue breakdown by geography, as of Sep 24: Non-US (39.56%), UNITED STATES (30.51%), Africa (10.50%), NORWAY (5.81%), Asia Pacific (5.64%), BRAZIL (5.49%), and Other Geographical (2.49%).

Oceaneering Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
FTI	TechnipFMC	$7.82B	$2.35B
CHX	ChampionX	$3.76B	$906.53M
OII	Oceaneering	$2.42B	$679.81M
DNOW	NOW	$2.32B	$633.00M
RES	RPC	$1.62B	$337.65M
HLX	Helix Energy Solutions Group	$1.29B	$342.42M
VTOL	Bristow Group	$1.23B	$365.12M
AROC	Archrock	$990.34M	$270.53M
OIS	Oil States	$782.28M	-
NR	Newpark Resources	$749.60M	$-188.15M
GEOS	Geospace	$135.60M	$25.86M

OII Revenue FAQ

What is Oceaneering’s yearly revenue?

Oceaneering's yearly revenue for 2023 was $2.42B, representing an increase of 17.36% compared to 2022. The company's yearly revenue for 2022 was $2.07B, representing an increase of 10.53% compared to 2021. OII's yearly revenue for 2021 was $1.87B, representing an increase of 2.26% compared to 2020.

What is Oceaneering’s quarterly revenue?

Oceaneering's quarterly revenue for Q3 2024 was $679.81M, a 1.65% increase from the previous quarter (Q2 2024), and a 7.03% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $668.81M, a 11.64% increase from the previous quarter (Q1 2024), and a 11.86% increase year-over-year (Q2 2023). OII's quarterly revenue for Q1 2024 was $599.09M, a -8.48% decrease from the previous quarter (Q4 2023), and a 11.57% increase year-over-year (Q1 2023).

What is Oceaneering’s revenue growth rate?

Oceaneering's revenue growth rate for the last 3 years (2021-2023) was 29.71%, and for the last 5 years (2019-2023) was 18.39%.

What are Oceaneering’s revenue streams?

Oceaneering's revenue streams in c 23 are Manufactured Products, Aerospace and Defense Technologies, Subsea Robotics, Offshore Projects Group, and Integrity Management & Digital Solutions. Manufactured Products generated $493.69M in revenue, accounting 20.36% of the company's total revenue Aerospace and Defense Technologies generated $376.84M in revenue, accounting 15.54% of the company's total revenue Subsea Robotics generated $752.52M in revenue, accounting 31.04% of the company's total revenue Offshore Projects Group generated $546.37M in revenue, accounting 22.53% of the company's total revenue Integrity Management & Digital Solutions generated $255.28M in revenue, accounting 10.53% of the company's total revenue

What is Oceaneering’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Oceaneering was Subsea Robotics. This segment made a revenue of $752.52M, representing 31.04% of the company's total revenue.