Civeo Corporation
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- Civeo Corporation (NYSE: CVEO) provides workforce accommodations and hospitality services to the natural resource industry, including oil sands, mining, and engineering sectors in Canada, Australia, the United States, and select international markets. The company owns and operates lodges, villages, and mobile assets such as modular and skid-mounted accommodations with approximately 29,000 rooms across its properties; it also manages client-owned facilities adding over 18,000 rooms, delivering food services, housekeeping, laundry, facility management and maintenance, water and wastewater treatment, power generation, communications systems, security, logistics, and camp management. Founded in 1977 and headquartered in Houston, Texas, Civeo supports short- to long-term workforce needs through development activities encompassing site selection, permitting, engineering, design, manufacturing, and construction, alongside comprehensive lodging and catering solutions for oilfield, mining service, and engineering companies. In recent developments, Civeo announced a new share repurchase authorization in March 2025 following the completion of its prior program; secured a four-year contract renewal in Australia's Bowen Basin expected to generate A$250 million in revenues from 2025 to 2029 and a six-year A$1.4 billion integrated services contract renewal with expansion; reported strong third-quarter 2025 results with ongoing progress toward completing 69% of its current 20% share buyback authorization as of September 30, 2025; and appointed Jeffrey B. Scofield and Daniel B. Silvers to its board of directors in November 2025.
Company News
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