Precision Drilling Corporation operates in the Drilling oil and gas wells sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Precision Drilling with three other
Oil and Gas Field Services in North America:
Seadrill Ltd
of BERMUDA
(2019
sales of 1.39 billion Bermudian Dollars [US$1.39 billion]
of which 49%
was Floaters),
Ensign Energy Services Incorporated
(1.59 billion Canadian Dollars [US$1.25 billion]
of which 64%
was Rig rental revenue), and
Noble Holding Corporation PLC
which is
based in UNITED STATES
($1.25 billion
of which 100%
was Single segment).
Sales Analysis.
Precision Drilling reported sales of C$1.54 billion (US$1.21 billion)
for the
year ending
December of 2019.
This
represents
a very small
increase of 0.0%
versus 2018, when the company's sales were C$1.54 billion.
This was the third consecutive year of growth at Precision Drilling.
Sales of Contract Drilling Services saw an increase
that was more than double the company's growth rate: sales were up
0.2% in 2019, from
C$1.40 billion to C$1.40 billion.
Not all segments of Precision Drilling experienced an increase in sales in 2019:
sales of Completion and Production Services fell 1.9% to C$147.83 million.