Helmerich & Payne Inc - Company Profile
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Helmerich & Payne Inc (H&P) is a company that provides performance-driven drilling solutions and technologies aimed at enhancing hydrocarbon recovery for oil and gas exploration and production companies. The company's main activities focus on the drilling segment of the oil and gas production value chain. H&P offers technology services that improve the efficiency and accuracy of drilling operations, as well as wellbore quality and placement. The company serves oil and gas exploration and production companies, primarily in the drilling sector. Notable brands associated with the company include BENTEC, which encompasses manufacturing and engineering operations. H&P's operates in major international oil and gas markets, primarily in the Middle East, Latin America, and offshore locations such as the North Sea and Caspian Sea. The company's operations are supported by a network of facilities and real estate investments, including a shopping center and undeveloped real estate in Tulsa, Oklahoma. H&P is headquartered in Tulsa, Oklahoma, the US.
Headquarters
United States of America
Address
222 N. Detroit Ave., Tulsa, Oklahoma, 74120
Website
www.helmerichpayne.com
Telephone
1 918 7425531
No of Employees
15,700
Industry
Energy and Utilities
Ticker Symbol & Exchange
HP (NYSE)
Revenue (2024)
$3.7B
35.9%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-147.6%
(2024 vs 2023)
Market Cap*
$3.1B
Net Profit Margin (2024)
XYZ
-135.0%
(2024 vs 2023)
* As of and is in US$
Helmerich & Payne Inc premium industry data and analytics
Products and Services
| Services |
|---|
| Drilling Automation |
| Contract Drilling Services |
| Real Estate Development |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In June, the company signed a three-year agreement with GeoPark to install a FlexRig with integrated technology, along with associated drilling services. |
| 2026 | Contracts/Agreements | In May, the company signed a partnership with Baker Hughes to promote geothermal exploration and development in the US. |
| 2026 | Divestiture | In April, the company sold Utica Square to funds managed by Northwood Investors, LLC. |
Competitor Comparison
| Key Parameters | Helmerich & Payne Inc | Weatherford International Plc | Patterson-UTI Energy Inc | ChampionX Corp | Nabors Industries Ltd |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | Bermuda |
| City | Tulsa | Houston | Houston | The Woodlands | Hamilton |
| State/Province | Oklahoma | Texas | Texas | Texas | - |
| No. of Employees | 15,700 | 16,700 | 7,900 | 7,100 | 13,900 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Hans Helmerich | Chairman | Executive Board | 2012 | 67 |
| Trey Adams III | President; Chief Executive Officer | Senior Management | 2026 | 40 |
| Todd Scruggs | Senior Vice President; Chief Financial Officer | Senior Management | 2026 | - |
| Cara M. Hair | Senior Vice President - Corporate Services; Chief Legal and Compliance Officer | Senior Management | 2020 | 49 |
| John R. Bell | Executive Vice President - Eastern Hemisphere Land | Senior Management | 2025 | 55 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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