Nabors Industries Ltd.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Anthony G. Petrello
- Full Time Employees
- 13,900
- Sector
- Energy
- Industry
- Oil & Gas Drilling
- Address
- Crown House Hamilton PE Bermuda HM 08
- IPO Date
- Feb 21, 1973
- CIK
- 0001163739
- Website
- nabors.com
- Similar Companies
- Business
- Nabors Industries Ltd. stands as a global leader in providing advanced technology and drilling services for both land-based and offshore oil and natural gas wells. The company structures its operations across four primary segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. Through these divisions, Nabors delivers a comprehensive suite of services, including directional drilling, precise wellbore placement, and advanced measurement-while-drilling (MWD) and logging-while-drilling systems. The company also supplies cutting-edge drilling optimization software, equipment manufacturing, and rig instrumentation. Nabors is at the forefront of drilling automation, offering innovative solutions such as its proprietary SmartROS® rig operating system, designed to digitalize and automate drilling processes, enhancing safety and efficiency. Their technology portfolio includes SmartDRILL® for process automation and the Canrig RZR Red Zone Robotics Module, which automates drill floor operations to minimize human exposure to hazardous areas. Furthermore, their RigCLOUD® platform provides infrastructure to integrate various applications, delivering real-time operational insights across drilling fleets. Nabors also specializes in manufacturing and selling essential drilling equipment, including top drives, catwalks, wrenches, and drawworks, alongside robotic systems and downhole tools. The company offers extensive aftermarket sales and support for its installed equipment base. Headquartered in Hamilton, Bermuda, Nabors maintains a significant global presence, operating one of the world's largest land drilling rig fleets with over 300 rigs across more than 15 countries, including substantial operations in the Middle East, Latin America, and North America. As of late 2024, the company marketed approximately 290 land-based rigs and 26 actively marketed offshore platform rigs worldwide. Nabors consistently engages in strategic collaborations and acquisitions to enhance its technological offerings and market reach, such as its 2024 agreement to acquire Parker Wellbore to boost its downhole tubular rental business and ongoing partnerships to scale drilling automation. Additionally, Nabors is exploring energy transition ventures through investments in geothermal, energy storage, and concentrated solar thermal power industries.Nabors Industries Ltd. is a premier global provider of cutting-edge technology and drilling services for onshore and offshore oil and natural gas wells. The company’s operations are segmented into U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. Within these segments, Nabors offers a full spectrum of advanced services, encompassing directional drilling, precise wellbore placement, and both measurement-while-drilling (MWD) and logging-while-drilling systems. They also develop and deploy drilling optimization software, rig instrumentation, and specialized equipment manufacturing. At the core of Nabors' innovative approach is drilling automation, featuring advanced platforms like the SmartROS® rig operating system for digitalized and automated drilling, aiming for enhanced safety and operational efficiency. The company's technological suite also includes SmartDRILL® for process automation and the Canrig RZR Red Zone Robotics Module, designed to automate drill floor tasks and reduce human risk. Moreover, their RigCLOUD® provides integrated infrastructure for real-time operational intelligence across an entire rig fleet. Nabors is also a manufacturer of critical drilling components such as top drives, catwalks, wrenches, and drawworks, alongside robotic systems and downhole tools, providing comprehensive aftermarket service for this equipment. Incorporated in Hamilton, Bermuda, Nabors commands a substantial international footprint, managing one of the largest land-based drilling fleets globally, with over 300 rigs spanning more than 15 nations, including key regions in North America, the Middle East, and Latin America. As of late 2024, their marketed fleet included approximately 290 land-based and 26 offshore platform rigs. The company actively pursues strategic alliances and acquisitions, exemplified by its 2024 agreement to acquire Parker Wellbore to expand its tubular rental offerings and collaborations to accelerate drilling automation. Nabors is also strategically investing in energy transition initiatives, exploring opportunities in geothermal, energy storage, and concentrated solar thermal power.
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