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Largest American oil drillers could report nearly 12 billion USD in revenues for 2019

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The largest drilling companies in the crude oil industry could report total annual revenue of 11.9 billion USD in 2019, according to Statista data.

By the end of this year, Patterson-UTI Energy will have an annual revenue of 3.789 billion USD, which represents an increase of 10.6% YoY, which is forecasting 3.424 billion USD in revenue.

The second is the Bermuda-based Nabors Industries Ltd, which will generate 3.678 billion USD in revenue in 2019. The company will actually see an increase of 12.7% compared to the 3.263 billion USD expected last year.

Third, American Helmerich & Payne, a drilling company with 2.592 billion USD in revenue, which is up by 11.72% from 2018.

It is followed by Canadian Precision Drilling, with forecasts amounting to 1.284 billion USD, up 13.12% from 1.135 billion USD in the previous year.

Pioneer Energy Services, based in San Antonio, Texas, is expected to reach 645 million USD, with a rise of 11% compared to 2018.

oil drillers revenue 2019

The survey covers the period 2015-2019, with real data available between 2015 and 2017, while figures for 2018 and 2019 are based on forecasts.