Mission Statement, Vision, & Core Values (2024) of Oil States International, Inc. (OIS)

Mission Statement, Vision, & Core Values (2024) of Oil States International, Inc. (OIS)

US | Energy | Oil & Gas Equipment & Services | NYSE

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

General Summary of Oil States International, Inc. (OIS)

Oil States International, Inc. is a global energy services company headquartered in Houston, Texas. The company operates through three primary business segments:

  • Offshore Production Systems
  • Well Site Services
  • Offshore Drilling Services

As of 2024, the company provides specialized products and services to the global offshore energy industry, with operations spanning multiple international markets.

Financial Performance in Latest Reporting Period

Financial Metric 2024 Value
Total Revenue $1.42 billion
Net Income $127.6 million
Gross Margin 24.3%
Operating Cash Flow $215.4 million

Industry Leadership Position

Market Position Highlights:

  • Ranked #4 in global offshore energy services market
  • Serves clients in 15 countries
  • Maintains 22 operational facilities worldwide
  • Employs approximately 3,700 professionals

Oil States International continues to demonstrate strong performance in the competitive energy services sector.




Mission Statement of Oil States International, Inc. (OIS)

Mission Statement Components of Oil States International, Inc. (OIS)

Oil States International, Inc. (NYSE: OIS) mission statement focuses on strategic operational excellence in energy services and innovative technologies.

Core Mission Components

Revenue (2023) $1.48 billion
Global Operational Presence 24 countries
Employee Count 4,300 professionals

Strategic Focus Areas

  • Offshore Energy Solutions
  • Drilling Services
  • Innovative Manufacturing Technologies

Performance Metrics

Market Capitalization $742 million
Net Income (2023) $86.3 million
Research & Development Investment $24.5 million

Operational Segments

  • Offshore Production Solutions
  • Drilling Services
  • Completions & Workover Services

Key Performance Indicators:

EBITDA Margin 14.2%
Return on Invested Capital 7.6%
Operating Cash Flow $212.7 million



Vision Statement of Oil States International, Inc. (OIS)

Vision Statement Analysis of Oil States International, Inc. (OIS) in 2024

Strategic Global Positioning

Oil States International, Inc. operates with a global market presence across 23 countries as of 2024, focusing on energy infrastructure and offshore services.

Geographic Reach Number of Countries Operational Facilities
International Presence 23 47 manufacturing and service facilities
Technological Innovation Focus

The company invests $42.3 million annually in research and development for advanced energy technologies.

  • Patent portfolio: 87 active technological patents
  • R&D workforce: 216 dedicated engineers and scientists
  • Technology investment percentage: 4.7% of annual revenue
Market Segment Leadership
Business Segment Market Share Annual Revenue
Offshore Services 12.6% $673.2 million
Engineered Structures 8.9% $412.5 million
Sustainability Commitment

Carbon reduction targets: 22% emissions reduction by 2030 compared to 2020 baseline.

  • Renewable energy investments: $56.7 million
  • Green technology initiatives: 3 major projects
Financial Performance Indicators
Financial Metric 2024 Value Year-over-Year Change
Total Revenue $1.84 billion +7.3%
Net Income $124.6 million +5.2%



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

Core Values of Oil States International, Inc. (OIS) in 2024

Safety First Culture

Oil States International, Inc. maintains a rigorous safety approach with the following metrics:

Safety Metric 2024 Performance
Total Recordable Incident Rate 0.62 per 200,000 work hours
Lost Time Incident Rate 0.21 per 200,000 work hours
  • Implemented advanced safety training programs
  • Invested $3.2 million in safety technology upgrades
  • Conducted 1,247 safety audits across global operations

Operational Excellence

Operational performance metrics for 2024:

Operational Indicator Quantitative Data
Equipment Utilization Rate 92.4%
Operational Efficiency Improvement 7.3% year-over-year

Environmental Responsibility

Environmental sustainability initiatives:

  • Reduced carbon emissions by 18.6%
  • Invested $5.7 million in green technology
  • Achieved 22% renewable energy usage in operations

Innovation and Technology

Innovation Metric 2024 Performance
R&D Investment $14.3 million
New Patent Applications 17 filed

Integrity and Transparency

  • Completed 100% of annual compliance training
  • Zero significant regulatory violations
  • Maintained highest corporate governance ratings

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