Results from the Oil & Gas Services Sector: The 2015 Strategy and Corporate Performance in the Energy Industry (SCOPE) Study

28 Pages Posted: 3 Oct 2015  

Utpal M. Dholakia

Rice University - Jesse H. Jones Graduate School of Business

Vikas Mittal

Rice University

Kyuhong Han

Rice University, Jesse H. Jones Graduate School of Business, Students

Ankur Dayal

Rice University, Jesse H. Jones Graduate School of Business, Students

Date Written: October 2, 2015

Abstract

We report results for the Oil & Gas Services sector from the Strategy and Performance in the Energy Industry (SCOPE) Survey conducted among professionals in the energy industry (so called “insiders”) to measure their perceptions about specific companies on multiple dimensions of strategic performance. The study includes 16 of the most prominent oil & gas services companies: 1) Baker Hughes, 2) Cameron, 3) Dresser-Rand, 4) FMC Technologies, 5) GE Oil & Gas, 6) Halliburton, 7) Hercules Offshore, 8) MRC Global, 9) National Oilwell Varco, 10) Newpark Resources, 11) Oceaneering, 12) Oil States International, 13) Parker Drilling, 14) Schlumberger, 15) Transocean, and 16) Weatherford. This report includes analysis based on a total of 1,999 individual company evaluations provided by 1,388 O&G industry insiders.

The results reveal that Schlumberger, FMC Technologies and GE Oil & Gas are among the best performers on a majority of the strategic performance dimensions. On the flip side, Transocean and Weatherford are relative underperformers. We also describe the method used to compute the “SCOPE Visibility Index” which provides detailed insights into the visibility of each O&G services company. The results indicate that Halliburton has the highest visibility of 78.0 (on a scale of 0-100), followed by Schlumberger (68.2) and Baker Hughes (66.6). On the other end, Newpark Resources has the lowest visibility (22.0), followed by MRC Global (26.2) and Hercules Offshore (27.0). A comparison of the visibility index to size indicates that although Schlumberger is an over-performer in most of the performance dimensions, its visibility relative to other companies is low. Along this dimension, Halliburton, Baker Hughes, GE Oil & Gas and Transocean are over-performers. In addition to Schlumberger, Newpark Resources, and MRC Global are relative underperformers.

Suggested Citation

Dholakia, Utpal M. and Mittal, Vikas and Han, Kyuhong and Dayal, Ankur, Results from the Oil & Gas Services Sector: The 2015 Strategy and Corporate Performance in the Energy Industry (SCOPE) Study (October 2, 2015). Available at SSRN: https://ssrn.com/abstract=2668701 or http://dx.doi.org/10.2139/ssrn.2668701

Utpal M. Dholakia (Contact Author)

Rice University - Jesse H. Jones Graduate School of Business ( email )

6100 South Main Street
P.O. Box 1892
Houston, TX 77005-1892
United States

Vikas Mittal

Rice University ( email )

6100 South Main Street
250 McNair
Houston, TX 77005-1892
United States

Kyuhong Han

Rice University, Jesse H. Jones Graduate School of Business, Students ( email )

Houston, TX
United States

Ankur Dayal

Rice University, Jesse H. Jones Graduate School of Business, Students ( email )

Houston, TX
United States

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