HP 📈 Helmerich and Payne - Overview

Helmerich & Payne, Inc. is a leading provider of drilling services and solutions, catering to the needs of exploration and production companies worldwide. Through its subsidiaries, the company operates across multiple segments, including North America Solutions, Offshore Gulf of Mexico, and International Solutions. The North America Solutions segment is responsible for drilling operations in key states such as Colorado, Louisiana, New Mexico, North Dakota, Ohio, Oklahoma, Pennsylvania, Utah, West Virginia, and Wyoming, leveraging its expertise to optimize drilling efficiency and effectiveness.

The company's Offshore Gulf of Mexico segment focuses on drilling operations in Louisiana and U.S. federal waters in the Gulf of Mexico, where it has established a strong presence. In contrast, the International Solutions segment has a more diversified footprint, with drilling operations in countries such as Saudi Arabia, Argentina, Bahrain, Australia, Colombia, and the United Arab Emirates. This global reach enables Helmerich & Payne to adapt to changing market conditions and capitalize on emerging opportunities in the oil and gas industry.

Helmerich & Payne is also committed to innovation, investing in the development, promotion, and commercialization of technologies designed to enhance drilling operations, wellbore quality, and placement. By staying at the forefront of technological advancements, the company can provide its clients with cutting-edge solutions that improve drilling efficiency, reduce costs, and minimize environmental impact. Additionally, Helmerich & Payne has a diversified investment portfolio, which includes ownership and operation of commercial real estate properties, such as a shopping center, further contributing to its revenue streams.

With a rich history dating back to 1920, Helmerich & Payne, Inc. has established itself as a trusted and experienced player in the oil and gas drilling industry. Headquartered in Tulsa, Oklahoma, the company is well-positioned to continue serving its clients and driving growth, both domestically and internationally. As a publicly traded company listed on the New York Stock Exchange (NYSE:HP), Helmerich & Payne is committed to delivering value to its shareholders, while maintaining its focus on operational excellence and customer satisfaction.