Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


May 05, 2015 9:12 PM ET

Energy Equipment and Services

Company Overview of Atwood Oceanics, Inc.

Company Overview

Atwood Oceanics, Inc., an offshore drilling contractor, engages in the drilling and completion of exploratory and developmental oil and gas wells worldwide. As of November 10, 2014, it owned a fleet of 13 mobile offshore drilling units, as well as 3 ultra-deepwater drill ships under construction. The company was founded in 1968 and is headquartered in Houston, Texas.

15011 Katy Freeway

Suite 800

Houston, TX 77094

United States

Founded in 1968

1,905 Employees

Phone:

281-749-7800

Fax:

281-492-7871

Key Executives for Atwood Oceanics, Inc.

Chief Executive Officer, President, Director and Member of Executive Committee
Age: 51
Total Annual Compensation: $1.4M
Chief Financial Officer and Executive Vice President
Age: 51
Total Annual Compensation: $732.5K
Senior Vice President of Operations
Age: 59
Total Annual Compensation: $531.4K
Senior Vice President, General Counsel and Corporate Secretary
Age: 52
Total Annual Compensation: $469.8K
Senior Vice President of Technical Services
Age: 55
Total Annual Compensation: $517.8K
Compensation as of Fiscal Year 2014.

Atwood Oceanics, Inc. Key Developments

Atwood Oceanics, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 31, 2015

Atwood Oceanics, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended March 31, 2015. For the second quarter, the company earned net income of $122.7 million or $1.89 per diluted share, on revenues of $350.4 million compared to net income of $73.3 million or $1.13 per diluted share, on revenues of $273.1 million for the quarter ended March 31, 2014. Income before income taxes was $134.98 million compared to $97.28 million a year ago. Operating income was $147.81 million compared to $108.73 million a year ago. For the six months ended March 31, 2015, the Company earned net income of $168.9 million or $2.60 per diluted share, on revenues of $702.1 million compared to net income of $156.7 million or $2.41 per diluted share, on revenues of $557.8 million for the six months ended March 31, 2014. Income before income taxes was $190.32 million compared to $191.54 million a year ago. Operating income was $218.6 million compared to $211.14 million a year ago. Net cash provided by operating activities was $349.75 million compared to $167.7 million a year ago. Capital expenditures were $177.13 million compared to $497.63 million a year ago.

Atwood Oceanics, Inc. Enter into Amendment to its Contract for its Semisubmersible Drilling Unit, the Atwood Osprey

Atwood Oceanics, Inc. announced that the company has entered into an amendment to its contract for its semisubmersible drilling unit, the Atwood Osprey. As previously disclosed, the Atwood Osprey parted several mooring lines and drifted approximately three nautical miles from its original position during Cyclone Olwyn, which impacted the northwest coast of Australia on March 12, 2015. The duration of the force majeure event and resultant repairs necessitated by the damage incurred from the cyclone have triggered termination rights in relation to which the parties have agreed to a reduction in the term of the contract by one year with contractual rates remaining unchanged. It is expected that repairs for damage sustained by the rig and required regulatory approvals will be completed by April 30, 2015.

Atwood Oceanics, Inc. to Report Q2, 2015 Results on Apr 29, 2015

Atwood Oceanics, Inc. announced that they will report Q2, 2015 results After-Market on Apr 29, 2015

Similar Private Companies By Industry

Company Name Region
Chesapeake Mid-Continent Corp. United States
Microalloying International, Inc. United States
EFT Systems, Ltd. United States
Timken Boring Specialties, LLC United States
Western Well Tool, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Atwood Oceanics, Inc., please visit www.atwd.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.