Oceaneering International: An Overview
Oceaneering International (OII) provides engineered products and support services to the offshore oil and gas, defense, aerospace, and commercial theme park industries. In 2018 so far, OII’s stock price has increased by 25% and strongly outperformed the VanEck Vectors Oil Services ETF (OIH), which declined by 9% during this period. OIH represents the oilfield equipment & services (or OFS) industry. The subsea segment of the energy sector has not yet bounced back from the crude oil price crash in 2014-16. OII, which is considerably reliant on the