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BKR - Oceaneering Expects To Offset Q1 Results For Better Full-Year 2022
Baker Hughes Company
Oceaneering International is a $1.3 billion market cap energy service company known for its subsea expertise and fleet of remotely operated vehicles.
Like most in the oilfield service sector, the company weathered a very rocky 2019-2021 and incurred high costs in 1Q22 to train and gear up for the rest of the year.
Oceaneering does not pay a dividend and has considerable debt.