Company
Tidewater Inc.
Headquarters: Houston, TX, United States
Founded: 1956
Employees: 4,400
CEO: Mr. Quintin V. Kneen
Market Cap
$3.66 Billion
USD as of Jan. 1, 2024
Tidewater Inc. Categories
United States Energy Oil & Gas Equipment & ServicesUnited States Energy United States Oil & Gas Equipment & Services
Top Competitors by Market Capitalization
Industry: Oil & Gas Equipment & Services
| Company | Market Cap (USD) |
|---|---|
| Frank's International N.V. | $78.79 B |
| Schlumberger Limited | $75.21 B |
| Baker Hughes Company | $34.34 B |
| Halliburton Company | $32.73 B |
| Tenaris SA | $20.14 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Aramco | $2.132 T |
| ExxonMobil | $412.55 B |
| Chevron | $287.56 B |
| Shell | $213.51 B |
| PetroChina | $182.61 B |
Detailed Description
Tidewater Inc., together with its subsidiaries, provides offshore marine support and transportation services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore oil and natural gas exploration, field development, and production, as well as windfarm development and maintenance, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, and seismic and subsea support; geotechnical survey support for windfarm construction; and various specialized services, such as pipe and cable laying. The company operates and charters deepwater vessels, including platform supply and horsepower anchor handling tug supply vessels for use in transporting supplies and equipment from shore bases to deepwater and intermediate water depth offshore drilling rigs and production platforms; towing-supply vessels for use in intermediate and shallow waters; and crew boats, utility vessels, and offshore tugs to transport personnel and supplies from shore bases to offshore drilling rigs, platforms, and other installations. It also operates offshore tugs for use in tow floating drilling rigs and barges; and assisting in the docking of tankers, as well as in pipe and cable laying, and construction barges. The company serves oil and natural gas exploration, field development, and production companies; mid-sized and smaller independent exploration and production companies; foreign government-owned or government-controlled organizations, and other related companies; drilling contractors; and other companies, such as offshore construction, windfarm development, diving, and well stimulation companies. As of December 31, 2021, it owned 135 vessels. Tidewater Inc. was incorporated in 1956 and is headquartered in Houston, Texas.
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Stocks & Indices
Tidewater Inc. has the following listings and related stock indices.
Stock: NYSE: TDW wb_incandescent
Stock: FSX: TD9 wb_incandescent
Key People
Founder(s): Laborde Family
Quintin V. Kneen (President, CEO & Director)
Financials
Revenue: US$ 979 million (2016)
Operating income: −63,800,000 ±100000 United States dollar (2020)
Net income: $ -69 million (2016)
Total assets: $ 4.06 billion (2016)
Total equity: $ 2.3 billion (2016)