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Helmerich Payne Inc
Helmerich Payne, Inc. (HP) is a publicly traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol "HP." The company is engaged in the manufacture and sale of precision drilling equipment and services for the oil and gas industry.
Here are some key facts and figures about Helmerich Payne, Inc.:
* Industry: Basic Materials / Energy
* Sector: Oil and Gas Pipeline Equipment
* Founded: 1936
* Headquarters: Tulsa, Oklahoma, USA
* Employees: Approximately 4,500
* Revenue (ttm): $1,718.47 million (as of 2022)
* Net Income (ttm): $372.91 million (as of 2022)
* Market Capitalization: $7.23 billion (as of 2022)
* Earnings Per Share (EPS): $2.74 (ttm)
* Price-to-Earnings Ratio (P/E Ratio): 16.72 (as of 2022)
* Dividend Yield: 4.01% (as of 2022)
Helmerich Payne, Inc. is a leading provider of drilling contract services and drilling equipment to the oil and gas industry. The company's product offerings include drilling rigs, drilling equipment, and well intervention services. HP's customers include major oil and gas companies, national oil companies, and independent oil and gas producers.
In terms of financial performance, Helmerich Payne, Inc. has consistently generated revenue growth over the past decade, with a compound annual growth rate (CAGR) of approximately 10%. The company's net income has also increased steadily over the same period, with a CAGR of around 15%.
The company's earnings have been driven by the increasing demand for drilling services and equipment, particularly in the North American market. The rise of hydraulic fracturing, or fracking, has led to increased demand for drilling rigs and related equipment, and Helmerich Payne has been well-positioned to benefit from this trend.
In addition to its strong financial performance, Helmerich Payne, Inc. has also been recognized for its commitment to sustainability and environmental responsibility. The company has implemented various initiatives aimed at reducing its environmental footprint, such as reducing energy consumption, decreasing waste, and implementing recycling programs.
Overall, Helmerich Payne, Inc. is a well-established company with a strong history of providing high-quality drilling equipment and services to the oil and gas industry. The company's strong financial performance, commitment to sustainability, and diverse customer base make it an attractive investment opportunity for those interested in the basic materials sector.