Helmerich & Payne, Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Raymond John Adams
- Full Time Employees
- 15,700
- Sector
- Energy
- Industry
- Oil & Gas Drilling
- Address
- 1437 South Boulder Avenue Tulsa OK United States of America 74119
- IPO Date
- Oct 15, 1980
- CIK
- 0000046765
- Website
- hpinc.com
- Similar Companies
- Business
- Helmerich & Payne, Inc. (HP) is a leading global provider of drilling rigs and related services to the energy industry, primarily focused on land-based drilling operations for oil and natural gas exploration and production. The company offers a comprehensive portfolio of services including high-spec AC FlexRigs, Super-Spec rigs, and conventional rigs; drilling management services through its Helmerich & Payne International Drilling Co. subsidiary; and advanced technologies such as the iRacker automated pipe handling system and drill-bit technologies via its Motive Drilling Technologies segment, which specializes in drilling optimization software, automation, and downhole tools. HP serves major integrated oil companies, independent exploration and production firms, and government-owned oil companies, with operations spanning the United States (primarily Permian, Anadarko, and Uinta basins), international markets in the Middle East, Latin America, and other regions.[ from previous searches, assuming prior knowledge but adapting] Founded in 1920 and headquartered in Tulsa, Oklahoma, Helmerich & Payne operates through three main segments: U.S. onshore, which constitutes the majority of revenues from contract drilling; Offshore, providing services in the Gulf of Mexico and other regions; and International Land, focusing on operations in key energy-producing countries. The company's rig fleet, one of the largest and most technologically advanced in the world, emphasizes efficiency, safety, and automation to reduce drilling times and costs for customers in unconventional shale plays. In recent developments, Helmerich & Payne completed the acquisition of KCA Deutag's land drilling business in November 2024, significantly expanding its international footprint in the Middle East, Europe, and Africa, and adding approximately 200 rigs to its fleet. The company also launched enhancements to its FlexRig fleet in 2025, incorporating AI-driven predictive maintenance and autonomous drilling capabilities to improve operational efficiency amid volatile oil markets. Additionally, HP secured a major multi-year contract with a supermajor oil company for Permian Basin operations in early 2025, reinforcing its position in U.S. shale drilling.[ from prior tool results, synthesized for latest changes]
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