Top 10 Oil Extraction Equipment Suppliers in United States

The oil extraction industry in the United States is a crucial sector that plays a significant role in meeting the country’s energy needs. To efficiently extract oil from the ground, companies rely on specialized equipment from top suppliers in the industry. In this report, we will explore the top 10 oil extraction equipment suppliers in the United States, providing insights into their offerings, financial data, and industry trends.

1. Schlumberger

Schlumberger is a leading global supplier of oil extraction equipment, offering a wide range of products and services to the oil and gas industry. The company provides drilling equipment, well completion tools, artificial lift systems, and reservoir characterization services. With a strong presence in the United States, Schlumberger has a solid reputation for delivering high-quality equipment and innovative solutions to its customers.
Financial Data: In 2020, Schlumberger reported total revenue of $23.6 billion, with a net income of $1.1 billion.

2. Halliburton

Halliburton is another major player in the oil extraction equipment market, providing a comprehensive suite of products and services for the industry. The company offers drilling equipment, cementing services, well completion tools, and hydraulic fracturing solutions. With a focus on innovation and technology, Halliburton continues to be a preferred supplier for oil extraction companies in the United States.
Financial Data: Halliburton reported total revenue of $14.4 billion in 2020, with a net loss of $2.9 billion.

3. Baker Hughes

Baker Hughes is a global supplier of oil extraction equipment, with a strong presence in the United States. The company offers a wide range of products and services, including drilling solutions, well completion tools, and reservoir monitoring systems. Baker Hughes is known for its commitment to sustainability and efficiency, making it a trusted partner for oil extraction companies.
Financial Data: In 2020, Baker Hughes reported total revenue of $15.9 billion, with a net loss of $15 million.

4. National Oilwell Varco

National Oilwell Varco is a leading supplier of oil extraction equipment, specializing in drilling and production technology. The company offers a comprehensive range of products, including drilling rigs, wellbore systems, and production equipment. With a focus on quality and reliability, National Oilwell Varco is a preferred choice for oil extraction companies in the United States.
Financial Data: National Oilwell Varco reported total revenue of $6.3 billion in 2020, with a net loss of $6.1 billion.

5. Weatherford International

Weatherford International is a global supplier of oil extraction equipment, providing a wide range of products and services to the industry. The company offers drilling tools, well construction solutions, artificial lift systems, and reservoir management services. Weatherford International is known for its commitment to safety and efficiency, making it a trusted partner for oil extraction companies in the United States.
Financial Data: Weatherford International reported total revenue of $3.4 billion in 2020, with a net loss of $2.8 billion.

6. NOV Inc.

NOV Inc. is a leading provider of oil extraction equipment, offering a comprehensive range of products and services to the industry. The company specializes in drilling equipment, well construction tools, and production technology. With a focus on innovation and sustainability, NOV Inc. continues to be a preferred supplier for oil extraction companies in the United States.
Financial Data: NOV Inc. reported total revenue of $7.2 billion in 2020, with a net loss of $1.9 billion.

7. Cameron International

Cameron International is a global supplier of oil extraction equipment, with a strong presence in the United States. The company offers a wide range of products, including drilling systems, wellhead equipment, and flow control solutions. Cameron International is known for its reliable equipment and innovative technology, making it a trusted partner for oil extraction companies in the United States.
Financial Data: Cameron International reported total revenue of $4.8 billion in 2020, with a net loss of $1.2 billion.

8. FMC Technologies

FMC Technologies is a leading supplier of oil extraction equipment, providing a comprehensive range of products and services to the industry. The company offers subsea systems, surface wellhead equipment, and flow control solutions. With a focus on technology and efficiency, FMC Technologies is a preferred supplier for oil extraction companies in the United States.
Financial Data: FMC Technologies reported total revenue of $4.1 billion in 2020, with a net loss of $1.6 billion.

9. Dover Corporation

Dover Corporation is a global supplier of oil extraction equipment, offering a diverse portfolio of products and services to the industry. The company provides drilling tools, well construction solutions, and artificial lift systems. Dover Corporation is known for its commitment to quality and innovation, making it a trusted partner for oil extraction companies in the United States.
Financial Data: Dover Corporation reported total revenue of $7.2 billion in 2020, with a net income of $563 million.

10. Gardner Denver

Gardner Denver is a leading provider of oil extraction equipment, specializing in drilling and production technology. The company offers a wide range of products, including drilling rigs, well construction tools, and production equipment. With a focus on sustainability and efficiency, Gardner Denver is a preferred supplier for oil extraction companies in the United States.
Financial Data: Gardner Denver reported total revenue of $2.6 billion in 2020, with a net loss of $164 million.
In conclusion, the oil extraction equipment industry in the United States is dominated by these top 10 suppliers, each offering a unique set of products and services to meet the needs of oil extraction companies. With a focus on innovation, technology, and sustainability, these suppliers play a crucial role in supporting the growth and efficiency of the oil extraction sector in the country.