In this piece, we will take a look at the five biggest offshore oil rig companies in the U.S. For more companies, head on over to 16 Biggest Offshore Oil Rig Companies in the U.S.
5. Noble Corporation Plc (NYSE:NE)
Latest Market Capitalization: $5.28 billion
Noble Corporation Plc (NYSE:NE) is an American firm headquartered in Sugar Land, Texas. The firm operates different rigs such as floaters and jackups. It was set up in 1921. It has 24 rigs in its fleet, which includes eight drill rigs. Noble Corporation Plc (NYSE:NE) serves the needs of Exxon, Shell, and other petro giants.
By the end of last year’s fourth quarter, 50 of the 943 hedge funds surveyed by Insider Monkey had bought a stake in the firm. Out of these, Noble Corporation Plc (NYSE:NE)’s largest investor is Steven Tananbaum’s GoldenTree Asset Management which owns 2.9 million shares that are worth $110 million.
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Follow Noble Corp (NYSE:NE)
4. NOV Inc. (NYSE:NOV)
Latest Market Capitalization: $7.4 billion
NOV Inc. (NYSE:NOV) is an American company headquartered in Houston, Texas. It provides a wide variety of products for offshore drilling platforms. These include floating production systems, pressure control equipment, pumps, assembly systems, deck machinery, and anchors.
Insider Monkey took a look at 943 hedge fund portfolios for their December quarter of 2022 shareholdings and found out that 29 had invested in NOV Inc. (NYSE:NOV). The firm’s largest hedge fund investor in our database is Jean-Marie Eveillard’s First Eagle Investment Management since it owns a $776 million stake courtesy of 37 million shares.
3. Baker Hughes Company (NASDAQ:BKR)
Latest Market Capitalization: $30.56 billion
Baker Hughes Company (NASDAQ:BKR) is a Texas-based company headquartered in Houston. The firm provides products and services for offshore drills. These include components such as drill bits, drill fluids, and pumping systems.
As of Q4 2022, 33 of the 943 hedge funds profiled by Insider Monkey had held a stake in the company. Out of these, Baker Hughes Company (NASDAQ:BKR)’s largest investor is Steve Cohen’s Point72 Asset Management since it owns 1.6 million shares that are worth $49 million.
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Follow Baker Hughes Co (NYSE:BKR)
2. Halliburton Company (NYSE:HAL)
Latest Market Capitalization: $31.12 billion
Halliburton Company (NYSE:HAL) is one of the largest oil and gas equipment companies in the world. Like several others, it is also headquartered in Houston, Texas. The firm’s offshore and subsea segment provides umbilicals, subsea chemical injection, and fluid injection among other products and services.
50 of the 943 hedge funds part of Insider Monkey’s December quarter of 2022 survey had invested in Halliburton Company (NYSE:HAL). The firm’s largest shareholder is Richard S. Pzena’s Pzena Investment Management since it owns 7.8 million shares that are worth $310 million.
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1. Schlumberger Limited (NYSE:SLB)
Latest Market Capitalization: $71.32 billion
Schlumberger Limited (NYSE:SLB) is another oil and gas equipment giant. The firm operates out of Houston, Texas.
Insider Monkey’s fourth quarter of 2022 survey covering 943 hedge funds outlined that 67 had bought a stake in the company. Schlumberger Limited (NYSE:SLB)’s largest hedge fund shareholder in our database is Jean-Marie Eveillard’s First Eagle Investment Management with a $1.4 billion stake.
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Disclosure: None. You can also take a look at 12 Best Canadian Stocks To Buy and Hold and 15 Largest Oil Fields in the World.
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