News & Videos - OCEANEERING INTERNATIONAL INC.

Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announced that its Aerospace and Defense Technologies (“ADTech”) segment has been awarded a follow-on, single award fixed price indefinite-delivery indefinite-quantity (“IDIQ”) contract to manufacture Virginia Class Submarine support equipment for Naval Surface Warfare Center Philadelphia Division (NSWCPD) following a competitive bidding process. Under this contract which commences in early June 2025, Oceaneering will...

Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) President and Chief Executive Officer Roderick A. Larson is scheduled to present at the J.P. Morgan Energy, Power, Renewables & Mining Conference in New York on Tuesday, June 24, 2025. Mr. Larson, Senior Vice President and Chief Financial Officer Alan R. Curtis, and Senior Director, Investor Relations Hilary Frisbie will also meet with institutional investors. Oceaneering’s First Quarter 2025 Investor Presentation is available on the...

Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announced today that its Offshore Projects Group (“OPG”) segment has entered into a vessel services agreement with a major operator for use of the MPSV Harvey Deep Sea . The MPSV Harvey Deep Sea , currently chartered by Oceaneering through February 2027, is equipped with two Oceaneering Millennium work class remotely operated vehicles. It is expected to be used by the operator to perform subsea inspection, maintenance, and repair...

Oceaneering International, Inc. (NYSE: OII) (“Oceaneering”) today announced a Chief Financial Officer (“CFO”) succession plan. Alan R. Curtis, Senior Vice President & CFO, has announced his decision to retire from his position effective January 1, 2026. Mr. Curtis began his career with Oceaneering in 1995 as a Financial Controller and has served in a variety of roles, including most recently as CFO since 2015. Addressing Mr. Curtis’s pending retirement, President and Chief Executive...

Ernst & Young LLP (EY US) announced that Rod Larson, President and CEO of Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) has been named a finalist for the Entrepreneur Of The Year 2025 Gulf South Award. Now in its 40th year, the Entrepreneur Of The Year program celebrates the leaders of ground-breaking companies in industries that make a profound impact on communities. The Gulf South program celebrates entrepreneurs from Central and South Texas, Louisiana, and Mississippi....

Falcon’s Beyond Global, Inc. (Nasdaq: FBYD) (“Falcon’s Beyond”, “Falcon’s” or the “Company”), a visionary leader in innovative and immersive storytelling announced today that Falcon’s has acquired Oceaneering Entertainment Systems (OES), a division of Oceaneering International Inc. (NYSE: OII) (“OII”). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250515196508/en/ Falcon's Beyond team In the transaction,...

Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced today that Senior Vice President and Chief Financial Officer Alan R. Curtis and Senior Investor Relations Director Hilary Frisbie will meet with institutional investors at Citi’s Spotlight on SMID Energy Day on May 22, 2025 in New York, NY. Oceaneering’s first quarter 2025 Investor Presentation will be available on the Investor Relations page of Oceaneering's website at www.oceaneering.com after market close on Monday, May...

Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announced that its Offshore Projects Group (“OPG”) has been awarded a multi-year contract by bp Mauritania Investments Limited for the provision of subsea inspection, maintenance, and repair (IMR) services and remotely operated vehicle (ROV) services in the Greater Tortue Ahmeyim field. Oceaneering will support this contract with one of its multi-purpose vessels outfitted with two Oceaneering work class ROVs. The scope of work...

Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) today reported first quarter 2025 results. Revenue of $675 million, a 13% increase year over year Operating income of $73.5 million, a 100% increase year over year Net income of $50.4 million, a 233% increase year over year Adjusted EBITDA of $96.7 million, a 57% increase year over year, which has not been adjusted for a $10.4 million inventory reserve taken in our Manufactured Products segment Cash flow used in operating activities of...

Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announces that it will report financial results for the first quarter of 2025 on Wednesday, April 23, 2025, after the close of trading on the New York Stock Exchange. The earnings release will be available on Oceaneering’s website at oceaneering.com . Oceaneering has scheduled a conference call and webcast related to its first quarter results for Thursday, April 24, 2025, at 10:00 a.m. Central Time. Interested parties may listen to...

Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announced that its Aerospace and Defense Technologies (ADTech) segment has been down-selected from multiple teams and awarded a multi-year contract by the U.S. Department of Defense to design, build, test, and deliver a maritime mobility system. Rod Larson, Oceaneering’s President and Chief Executive Officer, stated: “We are pleased to have secured this contract with the Department of Defense which, at the time of award, is the...

Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced today that President and Chief Executive Officer Rod Larson is scheduled to participate at the Thrive Energy Conference in Houston, TX on March 5, where he will participate on the "Offshore Drilling & Services: What is the new world order for offshore?” panel and meet with institutional investors. Mr. Larson will also attend the Pickering Energy Partners Gulf of America & Offshore Services Deep Dive Conference in New Orleans,...

Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) today reported fourth quarter and full year 2024 results. Fourth Quarter 2024 Results Revenue of $713 million, a 9% increase year over year Operating income of $77.9 million, a 64% increase year over year Net income of $56.1 million, a 26% increase year over year Adjusted EBITDA of $102 million, a 35% increase year over year Cash flow provided by operating activities of $128 million and free cash flow of $94.5 million, with an ending...

Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced today that members of management will participate at the J.P. Morgan Global Leveraged Finance Conference on Tuesday, February 25. Chief Financial Officer Alan R. Curtis will make a presentation, and Mr. Curtis and Hilary Frisbie, Senior Director Investor Relations, will also meet with institutional investors. The conference handout will be available on the Investor Relations page of Oceaneering's website at www.oceaneering.com...

Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announces that it will report financial results for the fourth quarter and full year of 2024 on Wednesday, February 19, 2025, after the close of trading on the New York Stock Exchange. The earnings release will be available on Oceaneering’s website at oceaneering.com . Oceaneering has scheduled a conference call and webcast related to its fourth quarter and full year 2024 results and outlook for fiscal year 2025 for Thursday,...

Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced today that President and Chief Executive Officer Rod Larson will participate on the Goldman Sachs Global Energy Conference panel "Differentiating in the Oilfield with Specialized Services." Mr. Larson, Senior Vice President and Chief Financial Officer Alan R. Curtis, and Investor Relations Senior Director Hilary Frisbie will also meet with institutional investors at the conference to be held in Miami, FL on Tuesday, January 7,...

Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announced the appointment of William Merz to succeed Philip Beierl as Senior Vice President, Aerospace and Defense Technologies (“ADTech”), effective January 1, 2025. In his new role, Mr. Merz will have global responsibility for Oceaneering’s ADTech business segment. Mr. Merz joined Oceaneering in January 2024 as Vice President of Operations, Aerospace and Defense Technologies. Prior to joining Oceaneering, Mr. Merz had a...

Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announced the promotion of Benjamin M. Laura to Senior Vice President and Chief Operating Officer (“COO”), effective January 1, 2025. Mr. Laura currently serves as Oceaneering’s Senior Vice President and Chief Innovation Officer, a position he has held since 2022. He joined Oceaneering in 2014 as Director, Subsea Services, and has held roles with progressively more responsibility during his tenure. Before joining Oceaneering,...

Infinite Acquisitions Partners LLC (“Infinite”) today announced it has entered into a nonbinding letter of intent (“LOI”) with Oceaneering International, Inc. (“OII”) for Infinite to acquire Oceaneering Entertainment Systems (OES) from OII through an acquisition of assets. In addition, Infinite and Falcon’s Beyond Global, Inc. (Nasdaq: FBYD) (“Falcon’s Beyond”), a visionary leader in innovative and immersive storytelling through Falcon’s Creative Group, Falcon’s Beyond...

Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) today reported net income of $19.0 million, or $0.19 per share, on revenue of $598 million for the three months ended June 30, 2023. Adjusted net income was $18.7 million, or $0.18 per share, reflecting the impact of $4.8 million of pre-tax adjustments associated with foreign exchange losses recognized during the quarter, $(2.3) million tax effect on adjustments associated with foreign exchange losses and $(2.8) million of discrete tax...