Industry Profiles
Industry Spotlight: Oil & Gas Equipment and Services
July 21, 2008
Photo courtesy of optiboard.com
GlobalSanteFe Corp. operates mobile
oil rigs, such as the one shown above,
in oil fields all around the world.
While Exxon, Shell and BP are among the most familiar names in the oil & gas industry, another industry exists that provides valuable support to those companies as well as the independent oil explorers. That industry is oil & gas equipment and services. Pioneer Drilling Company in San Antonio, Texas, once again, has the highest credit standards in the industry.
The days' sales outstanding, or DSO, benchmark for the oil & gas equipment and services industry rose slightly to
