# OCEANEERING INTERNATIONAL INC

Summary updated: 2026-10-02T13:27:37.900043Z
Canonical: https://finbar.com/research/companies/oceaneering-international-inc

## Overview

Oceaneering International, Inc. is a global technology company serving the offshore energy, defense, aerospace, and manufacturing markets. Its businesses are organized around Energy and Aerospace and Defense Technologies, with capabilities spanning subsea robotics, engineered products, offshore project services, and integrity management and digital solutions. [1](https://app.finbar.com/go?id=P985934)[2](https://app.finbar.com/go?id=P117428687)

Its offerings include remotely operated vehicles and related survey services, subsea hardware and umbilicals, offshore installation and maintenance, inspection and integrity services, and robotics. Oceaneering says its mission is “We Solve the Unsolvable.” [3](https://app.finbar.com/go?id=P97667529)[4](https://app.finbar.com/go?id=P45477450)[5](https://app.finbar.com/go?id=P25389104)[6](https://www.oceaneering.com/about/mission-vision-and-values/)

The company operates internationally, with foreign operations principally in Africa, the U.K., Norway, Brazil, Asia, and Australia; its locations page describes operations in 24 countries. For the year ended December 31, 2025, Oceaneering reported revenue of $2.784 billion and approximately 11,100 employees. [1](https://app.finbar.com/go?id=P985934)[7](https://app.finbar.com/go?id=P97471540)[8](https://www.oceaneering.com/locations/)
[1](https://app.finbar.com/go?id=P985934)[2](https://app.finbar.com/go?id=P117428687)[3](https://app.finbar.com/go?id=P97667529)[4](https://app.finbar.com/go?id=P45477450)[5](https://app.finbar.com/go?id=P25389104)[7](https://app.finbar.com/go?id=P97471540)[6](https://www.oceaneering.com/about/mission-vision-and-values/)[8](https://www.oceaneering.com/locations/)

## Products & services

Oceaneering’s Subsea Robotics products and services include work-class remotely operated vehicles (ROVs), tooling, hydrographic survey, positioning and geoscience services. Its named systems include Isurus, designed for high-current operations and surveys; the battery-operated Liberty E-ROV, which can reduce reliance on a standby vessel; and Freedom, a hybrid autonomous underwater vehicle/ROV for survey, commissioning, inspection, maintenance and repair. The company also offers Magnum® Plus ROVs rated at 170 hp and 10,000 fsw standard depth (13,000 fsw optional), and Millennium® Plus ROVs rated at 220 hp with the same depth ratings. [3](https://app.finbar.com/go?id=P97667529)[9](https://app.finbar.com/go?id=P4718302)[10](https://app.finbar.com/go?id=P86446350)[11](https://app.finbar.com/go?id=P1491486)[12](https://www.oceaneering.com/products/magnum-plus-rov/)[13](https://www.oceaneering.com/products/millennium-plus-rov/)

Manufactured Products include production-control umbilicals, subsea distribution and connection systems, specialty subsea hardware, clamp connectors, and subsea and topside control valves. Umbilicals carry control and monitoring signals, chemical injection, power and fluids. The segment also provides autonomous mobile-robotics project design, fabrication, assembly and installation. [4](https://app.finbar.com/go?id=P45477450)[14](https://app.finbar.com/go?id=P24148478)[15](https://app.finbar.com/go?id=P34326546) Offshore Projects Group services include subsea installation and intervention, riserless light well intervention, inspection, maintenance and repair, well-intervention and riserless-well-intervention control systems, diving, decommissioning, engineering and project management, drill-pipe riser services, and wellhead load-relief solutions. [16](https://app.finbar.com/go?id=P35988379)[17](https://app.finbar.com/go?id=P104765956)[18](https://app.finbar.com/go?id=P14259338)[19](https://app.finbar.com/go?id=P103247127)[20](https://app.finbar.com/go?id=P115127542)[21](https://app.finbar.com/go?id=P12244658)[22](https://app.finbar.com/go?id=P23370923)

Integrity Management & Digital Solutions provides asset and corrosion integrity management, inspection and nondestructive testing for onshore, offshore, topside and subsea assets, alongside software, digital and connectivity solutions. Aerospace & Defense Technologies provides engineering, manufacturing and related services for defense and space exploration, principally for U.S. government agencies and prime contractors. [23](https://app.finbar.com/go?id=P39013789)[24](https://app.finbar.com/go?id=P21906776) In FY2025, segment revenue was approximately 30.7% Subsea Robotics, 20.4% Manufactured Products, 22.1% Offshore Projects Group, 10.2% Integrity Management & Digital Solutions and 16.5% Aerospace & Defense Technologies of consolidated revenue; ROV revenue was 78% of Subsea Robotics revenue. [25](https://app.finbar.com/go?id=T7933775)[26](https://app.finbar.com/go?id=T9980403)
[3](https://app.finbar.com/go?id=P97667529)[9](https://app.finbar.com/go?id=P4718302)[10](https://app.finbar.com/go?id=P86446350)[11](https://app.finbar.com/go?id=P1491486)[12](https://www.oceaneering.com/products/magnum-plus-rov/)[13](https://www.oceaneering.com/products/millennium-plus-rov/)[4](https://app.finbar.com/go?id=P45477450)[14](https://app.finbar.com/go?id=P24148478)[15](https://app.finbar.com/go?id=P34326546)[16](https://app.finbar.com/go?id=P35988379)[17](https://app.finbar.com/go?id=P104765956)[18](https://app.finbar.com/go?id=P14259338)[19](https://app.finbar.com/go?id=P103247127)[20](https://app.finbar.com/go?id=P115127542)[21](https://app.finbar.com/go?id=P12244658)[22](https://app.finbar.com/go?id=P23370923)[23](https://app.finbar.com/go?id=P39013789)[24](https://app.finbar.com/go?id=P21906776)[25](https://app.finbar.com/go?id=T7933775)[25](https://app.finbar.com/go?id=T7933775)[25](https://app.finbar.com/go?id=T7933775)[25](https://app.finbar.com/go?id=T7933775)[25](https://app.finbar.com/go?id=T7933775)[26](https://app.finbar.com/go?id=T9980403)[12](https://www.oceaneering.com/products/magnum-plus-rov/)[13](https://www.oceaneering.com/products/millennium-plus-rov/)

## Geographic presence

For FY2025, Oceaneering reported revenue of $2.784 billion, allocated geographically by where services were performed or products manufactured. The U.S. accounted for $1.243 billion (44.7%) and foreign locations for $1.541 billion (55.3%). Reported foreign revenue came primarily from Africa ($417.6 million; 15.0% of total), the U.K. ($289.6 million; 10.4%), Norway ($259.2 million; 9.3%), Brazil ($248.1 million; 8.9%), and Asia and Australia ($228.4 million; 8.2%); Other accounted for $97.8 million (3.5%). Percentages are calculated from the reported revenue amounts. [27](https://app.finbar.com/go?id=T13030088) The geographic basis is the location of service performance or product manufacture. [28](https://app.finbar.com/go?id=P111529283)

At December 31, 2025, property, equipment and operating-lease assets totaled $801.4 million: $424.6 million in the U.S. and $376.9 million in foreign locations. The largest reported foreign amounts were Brazil ($89.6 million), the U.K. ($85.4 million), Norway ($79.9 million), Africa ($67.5 million), and Asia and Australia ($45.2 million). [29](https://app.finbar.com/go?id=T10738666) Oceaneering’s current locations page describes a footprint spanning 24 operating countries and more than 70 operational bases, with regional offices across the Americas, Asia, Africa, Europe, and the Middle East; it reports more than 12,000 employees globally but does not break employee totals down by geography. [8](https://www.oceaneering.com/locations/)
[27](https://app.finbar.com/go?id=T13030088)[27](https://app.finbar.com/go?id=T13030088)[27](https://app.finbar.com/go?id=T13030088)[27](https://app.finbar.com/go?id=T13030088)[27](https://app.finbar.com/go?id=T13030088)[27](https://app.finbar.com/go?id=T13030088)[27](https://app.finbar.com/go?id=T13030088)[27](https://app.finbar.com/go?id=T13030088)[28](https://app.finbar.com/go?id=P111529283)[29](https://app.finbar.com/go?id=T10738666)[29](https://app.finbar.com/go?id=T10738666)[29](https://app.finbar.com/go?id=T10738666)[29](https://app.finbar.com/go?id=T10738666)[29](https://app.finbar.com/go?id=T10738666)[29](https://app.finbar.com/go?id=T10738666)[29](https://app.finbar.com/go?id=T10738666)[29](https://app.finbar.com/go?id=T10738666)[8](https://www.oceaneering.com/locations/)[8](https://www.oceaneering.com/locations/)

## Business segments

For FY2025, Oceaneering reported five segments: four in Energy and one non-energy segment, Aerospace and Defense Technologies (ADTech). Subsea Robotics provides work-class ROVs, survey services, and ROV tooling for offshore energy and subsea work; it generated about 30.7% of revenue. [30](https://app.finbar.com/go?id=P40335786)[3](https://app.finbar.com/go?id=P97667529)[25](https://app.finbar.com/go?id=T7933775) Manufactured Products supplies subsea distribution systems, umbilicals, specialty hardware, control valves, and turnkey robotic solutions; it contributed about 20.4%. [4](https://app.finbar.com/go?id=P45477450)[25](https://app.finbar.com/go?id=T7933775) Offshore Projects Group (OPG) provides integrated subsea project capabilities and vessel-based services, representing about 22.1% of revenue. [5](https://app.finbar.com/go?id=P25389104)[22](https://app.finbar.com/go?id=P23370923)[25](https://app.finbar.com/go?id=T7933775)

Integrity Management & Digital Solutions (IMDS) provides asset-integrity services and third-party inspections, principally for oil and gas, power generation, and petrochemical customers; it contributed about 10.2%. [31](https://app.finbar.com/go?id=P44433312)[25](https://app.finbar.com/go?id=T7933775) ADTech provides engineering and related manufacturing for defense and space exploration, principally for U.S. government agencies and prime contractors; it contributed about 16.5%. [24](https://app.finbar.com/go?id=P21906776)[25](https://app.finbar.com/go?id=T7933775) Shares are approximate calculations from FY2025 segment revenue divided by consolidated revenue of $2,784.156 million; segment revenues were $855.216 million (Subsea Robotics), $568.971 million (Manufactured Products), $616.045 million (OPG), $284.020 million (IMDS), and $459.904 million (ADTech). [25](https://app.finbar.com/go?id=T7933775)
[30](https://app.finbar.com/go?id=P40335786)[3](https://app.finbar.com/go?id=P97667529)[25](https://app.finbar.com/go?id=T7933775)[4](https://app.finbar.com/go?id=P45477450)[25](https://app.finbar.com/go?id=T7933775)[5](https://app.finbar.com/go?id=P25389104)[22](https://app.finbar.com/go?id=P23370923)[25](https://app.finbar.com/go?id=T7933775)[31](https://app.finbar.com/go?id=P44433312)[25](https://app.finbar.com/go?id=T7933775)[24](https://app.finbar.com/go?id=P21906776)[25](https://app.finbar.com/go?id=T7933775)[25](https://app.finbar.com/go?id=T7933775)

## Company history

Oceaneering’s history began in 1964, when Mike Hughes and Johnny Johnson founded World Wide Divers as a Gulf of Mexico diving company. In 1969, World Wide Divers merged with Can-Dive and Cal-Dive, forming Oceaneering International; the company was organized as a Delaware corporation that year [32](https://www.oceaneering.com/about/)[33](https://www.oceaneering.com/remembering-oceaneering-co-founder-johnny-johnson/)[34](https://app.finbar.com/go?id=P190678182). The 1971 acquisition of Divcon expanded its diving capabilities, and its 1984 acquisition of Solus Ocean Systems marked an important step in developing its remotely operated vehicle (ROV) business [33](https://www.oceaneering.com/remembering-oceaneering-co-founder-johnny-johnson/)[35](https://www.oceaneering.com/about/oceaneering-turns-60/).

In the 2000s, Oceaneering broadened its subsea services and products through acquisitions including Rotator AS in 2003, Grayloc Products in 2005, and GTO Subsea in 2008 [36](https://investors.oceaneering.com/news/news-details/2003/Oceaneering-Acquires-Rotator-AS-09-02-2003/default.aspx)[37](https://investors.oceaneering.com/news/news-details/2005/Oceaneering-Acquires-Grayloc-Products-06-30-2005/default.aspx)[38](https://investors.oceaneering.com/news/news-details/2008/Oceaneering-Acquires-GTO-Subsea-AS-03-17-2008/default.aspx). It added survey and positioning services with its 2015 acquisition of C & C Technologies, and expanded into digital and software capabilities by acquiring Global Design Innovation Ltd. in 2024 [39](https://investors.oceaneering.com/news/news-details/2015/Oceaneering-Acquires-C-C-Technologies-Inc.-04-02-2015/default.aspx)[40](https://investors.oceaneering.com/news/news-details/2024/Oceaneering-Acquires-Global-Design-Innovation-Ltd/default.aspx).
[34](https://app.finbar.com/go?id=P190678182)[32](https://www.oceaneering.com/about/)[33](https://www.oceaneering.com/remembering-oceaneering-co-founder-johnny-johnson/)[35](https://www.oceaneering.com/about/oceaneering-turns-60/)[36](https://investors.oceaneering.com/news/news-details/2003/Oceaneering-Acquires-Rotator-AS-09-02-2003/default.aspx)[37](https://investors.oceaneering.com/news/news-details/2005/Oceaneering-Acquires-Grayloc-Products-06-30-2005/default.aspx)[38](https://investors.oceaneering.com/news/news-details/2008/Oceaneering-Acquires-GTO-Subsea-AS-03-17-2008/default.aspx)[39](https://investors.oceaneering.com/news/news-details/2015/Oceaneering-Acquires-C-C-Technologies-Inc.-04-02-2015/default.aspx)[40](https://investors.oceaneering.com/news/news-details/2024/Oceaneering-Acquires-Global-Design-Innovation-Ltd/default.aspx)[32](https://www.oceaneering.com/about/)[33](https://www.oceaneering.com/remembering-oceaneering-co-founder-johnny-johnson/)[35](https://www.oceaneering.com/about/oceaneering-turns-60/)[36](https://investors.oceaneering.com/news/news-details/2003/Oceaneering-Acquires-Rotator-AS-09-02-2003/default.aspx)[37](https://investors.oceaneering.com/news/news-details/2005/Oceaneering-Acquires-Grayloc-Products-06-30-2005/default.aspx)[38](https://investors.oceaneering.com/news/news-details/2008/Oceaneering-Acquires-GTO-Subsea-AS-03-17-2008/default.aspx)[39](https://investors.oceaneering.com/news/news-details/2015/Oceaneering-Acquires-C-C-Technologies-Inc.-04-02-2015/default.aspx)[40](https://investors.oceaneering.com/news/news-details/2024/Oceaneering-Acquires-Global-Design-Innovation-Ltd/default.aspx)

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1. [OCEANEERING INTERNATIONAL INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P985934)
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3. [OCEANEERING INTERNATIONAL INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P97667529)
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9. [OCEANEERING INTERNATIONAL INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P4718302)
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31. [OCEANEERING INTERNATIONAL INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P44433312)
32. [www.oceaneering.com](https://www.oceaneering.com/about/)
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