Oceaneering (OII) Declares $0.15 Quarterly Dividend; 2.4% Yield
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Oceaneering Announces BP Angola Two-Year Contract Extension
October 27, 2016 6:09 PM EDTHOUSTON, Oct. 27, 2016 /PRNewswire/ --Â Oceaneering International, Inc. ("Oceaneering" or the "Company") (NYSE: OII) announced today that a unit of BP p.l.c. ("BP") (NYSE: BP) has agreed to a two-year extension through January 2019 under the Field Support Vessel Services contract that was entered into with the Company for work offshore Angola on Blocks 18 and 31. Â Under this contract term extension, the Ocean Intervention III will remain chartered through April 2017, with five option periods for further extension of one-month each. Â Additional vessels and... More
Oceaneering Reports Third Quarter 2016 Results
October 27, 2016 6:06 PM EDTHOUSTON, Oct. 27, 2016 /PRNewswire/ -- Oceaneering International, Inc. ("Oceaneering") (NYSE: OII) today reported a net loss of $11.8 million, or $(0.12) per share, on revenue of $549 million for the three months ended September 30, 2016. Adjusted net income was $16.6 million, or $0.17 per share, excluding $43.6 million of pre-tax charges recognized during the quarter and the related tax effects of those charges. These charges included $36.0 million related to the Remotely Operated Vehicles ("ROV") segment and $8.2 million related to the Subsea Products segment.
During the prior quarter ended June 30, 2016, Oceaneering reported net income of $22.3 million, or $0.23 per share, on revenue... More
Oceaneering Declares Quarterly Dividend
October 27, 2016 6:05 PM EDTHOUSTON, Oct. 27, 2016 /PRNewswire/ -- Oceaneering International, Inc. ("Oceaneering") (NYSE: OII) announced today that its Board of Directors declared a regular quarterly dividend of $0.15 per common share. The dividend is payable December 16, 2016 to shareholders of record at the close of business on November 25,... More
Oceaneering Declares Quarterly Dividend
October 27, 2016 6:05 PM EDTHOUSTON, Oct. 27, 2016 /PRNewswire/ -- Oceaneering International, Inc. ("Oceaneering") (NYSE: OII) announced today that its Board of Directors declared a regular quarterly dividend of $0.15 per common share. The dividend is payable December 16, 2016 to shareholders of record at the close of business on November 25,... More
