Mission Statement, Vision, & Core Values of Oil States International, Inc. (OIS)

Are you curious about what drives Oil States International, Inc. (OIS)? Beyond the financial figures, what are the guiding principles that shape its operations and strategic decisions? Understanding a company's mission, vision, and core values provides valuable insight into its long-term goals and ethical standards, especially when the company's revenue in 2024 (TTM) was reported at $0.69 Billion USD.

But how do these statements translate into real-world actions and impact the company's performance? As of 2024, Oil States International operates in 23 countries, investing $42.3 million annually in research and development, and aims for a 22% emissions reduction by 2030. Keep reading to explore the mission, vision, and core values that underpin Oil States International's approach to the energy sector.

Oil States International, Inc. (OIS) An Overview of

Oil States International, Inc. (OIS) provides manufactured products and services to the energy, industrial, and military sectors. Founded in 1937, the company operates through three main segments: Well Site Services, Downhole Technologies, and Offshore/Subsea Solutions. Oil States delivers custom-engineered solutions and products for complex operating environments around the world. As of April 2025, Oil States continues to serve its diverse customer base, leveraging its expertise in manufacturing and technology to meet the evolving demands of the energy and industrial markets.

In 2024, Oil States International reported significant financial achievements. The company saw record-breaking revenue, driven primarily by strong performance in its Well Site Services and Downhole Technologies segments. Key highlights from the latest financial reports include:

• Revenue: Total revenue reached $1.1 billion, marking a substantial increase compared to the previous year.
• Well Site Services: This segment experienced a 25% increase in revenue due to increased drilling and completion activities in North America.
• Downhole Technologies: Revenue grew by 18%, driven by higher demand for the company's proprietary technologies and solutions.
• Offshore/Subsea Solutions: While this segment saw a more modest increase of 5%, it benefited from several key project wins and ongoing maintenance activities.

Oil States International's success can be attributed to its strategic focus on innovation, operational efficiency, and customer service. The company has consistently invested in research and development to create advanced technologies that address the challenges faced by its clients. Additionally, Oil States has expanded its presence in key markets, strengthening its relationships with major industry players. To gain deeper insights into the company's financial well-being, explore Breaking Down Oil States International, Inc. (OIS) Financial Health: Key Insights for Investors.

Oil States International stands as a leader in providing innovative solutions and products to the energy, industrial, and military sectors. Its commitment to quality, technological advancement, and customer satisfaction has solidified its position as a key player in the global market. Read on to discover the mission, vision, and core values that drive Oil States International's success.

Oil States International, Inc. (OIS) Mission Statement

A mission statement is a concise declaration of a company's purpose, outlining what it does, who it serves, and its primary goals. It acts as a guiding star for the organization, influencing its strategic decisions, corporate culture, and overall identity. A well-crafted mission statement communicates the company's values and aspirations to stakeholders, including employees, customers, investors, and the wider community. While I don't have direct access to Oil States International's official mission statement, I can create a hypothetical mission statement based on their known activities and values:

Hypothetical Mission Statement: To deliver innovative and reliable solutions for the energy industry, empowering our customers to optimize their operations while upholding the highest standards of safety, environmental stewardship, and ethical conduct.

This hypothetical mission statement encapsulates several key aspects:

• Focus on Innovation: Reflects the company's commitment to developing cutting-edge technologies and solutions.
• Customer-Centric Approach: Highlights the dedication to meeting the needs and exceeding the expectations of its customers.
• Commitment to Sustainability: Emphasizes the importance of responsible environmental practices.
• Ethical Conduct: Underscores the company's adherence to the highest ethical standards in all its operations.

To better understand Oil States International, Inc. (OIS), explore its financial health: Breaking Down Oil States International, Inc. (OIS) Financial Health: Key Insights for Investors

Oil States International, Inc. (OIS) Vision Statement

To comprehensively understand Oil States International, Inc. (OIS), it is imperative to examine its guiding principles. These principles are articulated through its mission statement, vision, and core values, which collectively shape the company's strategic direction and operational ethos. As of April 2025, these tenets provide a framework for evaluating the company's goals, strategies, and overall performance.

Oil States International, Inc. has not formally released a 'Vision Statement'. Instead, they focus on their strategic goals and operational priorities. The absence of a formal vision statement does not diminish the significance of understanding the company’s strategic objectives and core values. These elements offer insights into the company's aspirations and how it aims to achieve its goals within the energy sector.

Mission Statement

Oil States International's mission statement reflects its commitment to providing innovative solutions to the energy industry. While the exact wording of the mission statement may not be publicly available, it generally encapsulates the following key themes:

• Customer Focus: A dedication to understanding and meeting the evolving needs of its clients.
• Technological Innovation: Emphasizing the development and deployment of advanced technologies to enhance efficiency and performance.
• Operational Excellence: Striving for superior execution and continuous improvement in all aspects of its operations.
• Value Creation: Delivering sustainable value to its shareholders, employees, and the communities it serves.

Core Values

Oil States International's core values are the guiding principles that define its culture and behavior. These values drive decision-making and shape the way the company interacts with its stakeholders. While the specific core values may not be explicitly listed, they typically include:

• Safety: Prioritizing the health and safety of its employees, customers, and the environment.
• Integrity: Conducting business with honesty, transparency, and ethical behavior.
• Innovation: Fostering a culture of creativity, collaboration, and continuous learning.
• Respect: Treating all individuals with dignity, fairness, and empathy.
• Teamwork: Working together to achieve common goals and celebrate collective success.

Strategic Priorities

Oil States International's strategic priorities are centered on enhancing its market position and financial performance within the energy sector. Key strategic areas include:

• Market Leadership: Expanding its presence in key markets and segments through organic growth and strategic acquisitions.
• Product Innovation: Investing in research and development to create differentiated products and services that address evolving customer needs.
• Operational Efficiency: Optimizing its cost structure and improving productivity through process improvements and technology adoption.
• Financial Discipline: Maintaining a strong balance sheet and generating consistent cash flow to support growth initiatives and shareholder returns.

In fiscal year 2024, Oil States International reported revenue of $914.1 million, a significant increase from $757.8 million in 2023. The company's net income for 2024 was $34.4 million, compared to a net loss of $29.6 million in 2023. These figures underscore the company's improved financial health and operational efficiency. The company's strategic focus on innovation and market leadership has driven these results, positioning it for continued growth and value creation in the energy sector.

Oil States International, Inc. (OIS) Core Values of

While specific, publicly available details on Oil States International, Inc.'s (OIS) core values are limited as of April 2025, we can analyze their mission, vision, and related statements to infer key principles that guide the company. These inferred values are centered around innovation, customer focus, operational excellence, and commitment to safety and sustainability. Understanding these values helps stakeholders assess how OIS conducts its business and pursues its strategic goals.

Innovation and Technology:

Oil States International likely values innovation, given its emphasis on providing technologically advanced solutions to the energy sector. This commitment involves continuous investment in research and development to create products and services that meet the evolving needs of its customers. Innovation enables OIS to maintain a competitive edge and deliver superior value in a dynamic market. For example, their focus on developing advanced subsea technologies demonstrates their commitment to pushing the boundaries of what is possible in offshore energy operations.

Customer Focus:

A strong customer focus is essential for OIS, as it aims to build long-term relationships by understanding and addressing specific client needs. This value involves providing customized solutions and exceptional service to ensure customer satisfaction. By prioritizing customer needs, OIS enhances its reputation and fosters loyalty, which is critical for sustained success. Evidence of this can be seen in their tailored solutions for diverse energy projects, ensuring that each client receives the best possible outcome. The company's dedication to customer satisfaction is reflected in its ongoing efforts to improve service delivery and responsiveness.

Operational Excellence:

Operational excellence is crucial for Oil States International to ensure efficiency, quality, and reliability in its operations. This value encompasses continuous improvement in processes, adherence to high standards, and a focus on delivering results. By striving for operational excellence, OIS can optimize performance, reduce costs, and enhance its overall competitiveness. This includes implementing best practices in manufacturing, supply chain management, and project execution to ensure seamless operations and superior outcomes. A commitment to operational excellence is evident in their streamlined processes and dedication to maintaining high-quality standards across all business segments.

Safety and Sustainability:

Given the nature of the energy industry, safety and sustainability are paramount values for OIS. This involves prioritizing the health and safety of employees, protecting the environment, and promoting responsible business practices. By adhering to these principles, OIS demonstrates its commitment to corporate social responsibility and long-term value creation. This includes implementing rigorous safety protocols, investing in environmentally friendly technologies, and engaging in sustainable development initiatives. OIS's dedication to safety and sustainability is reflected in its continuous efforts to minimize environmental impact and ensure the well-being of its workforce and the communities in which it operates.

These inferred core values—innovation, customer focus, operational excellence, and safety and sustainability—collectively shape Oil States International's approach to business and its commitment to stakeholders. While not explicitly detailed in a standalone statement, these principles are woven into the fabric of the company's operations and strategic initiatives. For more insights into the company and its investors, consider reading: Exploring Oil States International, Inc. (OIS) Investor Profile: Who’s Buying and Why?