Overview
H&P
Helmerich & Payne (H&P) is the industry's most trusted partner in drilling productivity and reliability. The company provides performance-driven drilling solutions and technologies that are intended to make hydrocarbon recovery safer and more economical for oil and gas exploration and production companies. H&P's fleet included nearly 230 land rigs in the US, over 25 international land rigs, and seven offshore platform rigs. Incorporated
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Read More in 1940, it is also the largest provider of super-spec AC drive land rigs in the Western Hemisphere and had about 15 land rigs contracted for work in locations outside of the US. Besides drilling, H&P has ancillary real estate operations, including a shopping center and approximately 175 acres of undeveloped real estate in Tulsa, Oklahoma.
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Read More in 1940, it is also the largest provider of super-spec AC drive land rigs in the Western Hemisphere and had about 15 land rigs contracted for work in locations outside of the US. Besides drilling, H&P has ancillary real estate operations, including a shopping center and approximately 175 acres of undeveloped real estate in Tulsa, Oklahoma.
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#
969
Fortune 1000 Revenue Rank
John W Lindsay
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Support Activities for Mining
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Activities Related to Real Estate
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Lessors of Real Estate
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Drilling oil and gas wells
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Gas field services, nec
See All Industries , Nonresidential building operators , Commercial and industrial building operation Shopping center, property operation only
See Fewer Industries
See All Industries , Nonresidential building operators , Commercial and industrial building operation Shopping center, property operation only
See Fewer Industries
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Actual
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Actual
$2.76 billion
Actual
-4.03%
-20.72%
$5,781
SEP
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NYSE:HP
Contacts
Get in Touch with 5 Principals* and 667 Contacts
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John W LindsayPresident and Chief Executive Officer
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
Dun & Bradstreet collects private company financials for more than 23 million companies worldwide. Find out more.
Financial data as of September 30, 2024 (12 month period) in USD
Annual Revenue 2024
$2.76 billion
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $685 | $834 | $234 |
| Net Investing Cash | -$459 | -$323 | -$167 |
| Net Financing Cash | $987 | -$464 | -$734 |
| Net Change in Cash | $1,212 | $47 | -$668 |
| Cash at Beginning of Period | $316 | $269 | $937 |
| Cash at End of Period | $1,529 | $316 | $269 |
| Capital Expenditure | -$495 | -$395 | -$273 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $217 | $257 | $232 |
| Accounts Receivable | $419 | $403 | $431 |
| Inventories | $118 | $94 | $88 |
| Other Current Assets | $438 | $252 | $252 |
| Asset Summary | |||
| Total Current Assets | $1,192 | $1,007 | $1,003 |
| Tangible Fixed Assets | $3,083 | $2,972 | $3,000 |
| Intangible Assets | $54 | $61 | $67 |
| Total Assets | $5,782 | $4,382 | $4,356 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $135 | $131 | $127 |
| Short-Term Debt | $ | $ | $ |
| Other Current Liabilities | $312 | $288 | $268 |
| Liability Summary | |||
| Total Current Liabilities | $447 | $419 | $395 |
| Long-Term Debt | $1,782 | $545 | $543 |
| Other Long-Term Liabilities | $1 | $4 | $6 |
| Total Liabilities | $2,865 | $1,610 | $1,590 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $11 | $11 | $11 |
| Retained Earnings | $2,884 | $2,708 | $2,474 |
| Equity Summary | |||
| Total Equity | $2,917 | $2,772 | $2,765 |
| Shares Outstanding | 98,755,412 | 99,426,526 | 105,293,662 |