Good morning and welcome. Before I start, let me briefly introduce other members of the Cameron team who are here with me today: Scott Rowe, our President and Chief Operating Officer; Chuck Sledge, Senior Vice President and Chief…
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Firsta quick reminder of who we are and what we do: Cameron serves the oil & gas industry. We provide technologically sophisticated flow control equipment, systems and services to customers around the world through four segments:…
Cameron reported recordsetting financial results for 2014 due to solid operating performance in each of the Companys businesses, particularly our Drilling segment, which led the way with a 52% increase in operating income versus the…
Here you see a few of the 2014 metrics for Cameron: 10 billion of revenues, 4.14 of earnings per share and 1.2 billion of cash provided by operations. 5
One of Camerons real strengths is the diversity of its served markets, with all four segments making significant contributions to our revenues and operating income. 6
Camerons global footprint is another competitive advantage. About twothirds of our revenues typically come from international markets which you see illustrated in the pie chart. This percentage can vary quite a bit within our four…
The sharp decline in energy prices in late 2014 and early 2015 served notice that our industry is once again facing a cyclical downturn. Clearly, the extent or duration of this downturn is not yet known. What we do know is that we are…
As an example of staying close to the customer, we have decadeslong and highly collaborative relationships with major IOCs and NOCs. To give you an idea of the nature of these relationships, Cameron and OneSubsea have something like 29…
You heard me say that the service business is important to us and that we are focused on continued growth in this area. This chart shows you our track record over the past five years: a 20% CAGR. 10
Just a few quick words about each of our segments. Ill start with our Surface business. We are clearly the market leader in this space. Our CAMSHALE offering, which is our comprehensive and innovative pressure control system for shale…
In our Subsea business, we are very excited about the prospects for OneSubsea, which is a company owned by Cameron and Schlumberger. Our objective is to work with customers at every step of the way, from early in project development,…
With all the concern among investors about the future of deepwater, I thought it would be worthwhile to give you a quick look at two recent success stories that demonstrate the value proposition of OneSubsea specifically the way in…
Our Drilling segment has a very strong market position. Cameron invented the BOP in 1922 and since then has maintained a leadership position in the global market for land based and offshore pressure control products. Today, we are the…
Our V&M business offers the oil & gas industrys broadest portfolio of critical service valves for the upstream, drilling and production, midstream and downstream markets. Cameron valves are sold through distributors and direct to…
For the 2015 fullyear outlook, we have already said that our revenues are likely to be down and our margins will be under pressure. We think the investment community has properly recognized that message but I would also note that the…
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