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COMPANY FACT SHEET
As of March 31, 2008
CORPORATE PROFILE
Oceaneering is a global oilfield provider of engineered services and products primarily to the offshore oil and gas industry, with a focus on deepwater applications. Through the use of its applied technology expertise, Oceaneering also serves the defense and aerospace industries.
Oceaneering’s business offerings include remotely operated vehicles, mobile offshore production systems, built-to-order specialty subsea hardware, engineering and project management, subsea intervention and installation services, non-destructive testing and inspections, and manned diving.
MISSION STATEMENT
Oceaneering’s mission is to increase the net wealth of its shareholders by providing safe, cost-effective, and quality-based technical solutions satisfying customer needs worldwide.
BACKGROUND
Founded in 1964, Oceaneering has grown from an air and mixed gas diving business in the Gulf of Mexico to a diversified, advanced applied technology organization operating around the world. Oceaneering achieved this growth by executing a plan of both internal research and development augmented by strategic acquisitions.
For the quarter ended March 31, 2008, Oceaneering earned net income of $41.3 million on revenue of $436 million, or $0.74 per share. The Company serves its oilfield customers through the trade names of Oceaneering International, Oceaneering Intervention Engineering, Oceaneering Multiflex, Oceaneering Grayloc, Oceaneering Rotator, and Oceaneering Inspection Services. Our Advanced Technologies Group, which includes Oceaneering Technologies and Oceaneering Space Systems, serves our customers outside the oilpatch.
MANAGEMENT
President & CEO – T. Jay Collins
Executive VP – M. Kevin McEvoy
Sr. VP & CFO – Marvin J. Migura
Sr. VP, General Counsel & Secretary – George R. Haubenreich, Jr
STOCK
NYSE Trading Symbol: OII
Shares Outstanding: 56 million
Institutional Ownership: 90%
Share Price: $ 63.00
52-Week High: $ 85.88
52-Week Low: $ 42.10
For additional information, please contact the Investor Relations Department
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