Oceaneering (OII) Revenue & Revenue Breakdown
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 |
| NEX | NexTier Oilfield Solutions | $3.24B | $945.09M |
| OII | Oceaneering | $2.42B | $679.81M |
| DNOW | NOW | $2.32B | $563.00M |
| RES | RPC | $1.62B | $337.65M |
| HLX | Helix Energy Solutions Group | $1.29B | $342.42M |
| VTOL | Bristow Group | $1.23B | $338.09M |
| AROC | Archrock | $990.34M | $270.53M |
| OIS | Oil States | $782.28M | - |
| NR | Newpark Resources | $749.60M | $179.01M |
| SOI | Solaris Oilfield Infrastructure | $292.95M | $73.89M |
| GEOS | Geospace | $124.51M | $25.86M |
| DRQ | Dril-Quip | $2.56M | $110.30M |
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.