Saipem SpA
MIL:SPM
Gross Margin
Saipem SpA
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Gross Margin Across Competitors
Country | Company | Market Cap |
Gross Margin |
||
---|---|---|---|---|---|
IT |
Saipem SpA
MIL:SPM
|
5.4B EUR |
31%
|
||
US |
Schlumberger NV
NYSE:SLB
|
56.2B USD |
20%
|
||
US |
B
|
Baker Hughes Co
NASDAQ:BKR
|
44.3B USD |
21%
|
|
US |
Halliburton Co
NYSE:HAL
|
24.3B USD |
19%
|
||
LU |
Tenaris SA
MIL:TEN
|
21.2B EUR |
36%
|
||
UK |
TechnipFMC PLC
NYSE:FTI
|
13.7B USD |
19%
|
||
US |
Nov Inc
NYSE:NOV
|
5.8B USD |
23%
|
||
CN |
CNOOC Energy Technology & Services Ltd
SSE:600968
|
41.2B CNY |
14%
|
||
US |
ChampionX Corp
NASDAQ:CHX
|
5.4B USD |
32%
|
||
CN |
Yantai Jereh Oilfield Services Group Co Ltd
SZSE:002353
|
37.9B CNY |
33%
|
||
UK |
Subsea 7 SA
OSE:SUBC
|
58.3B NOK |
9%
|
Saipem SpA
Glance View
In the intricate world of oil and gas, Saipem SpA stands as a prominent player, weaving a legacy deeply entrenched in the exploration, production, and transportation of energy resources. Originally a subsidiary of Italian energy giant ENI, Saipem has matured over the decades into a formidable engineering and construction company specializing in the oil and gas sector. Its operations span the globe, with a significant footprint in offshore and onshore projects, which include building complex infrastructures, pipelines, rigs, and platforms essential for the extraction and processing of hydrocarbons. By leveraging its expertise in harsh and challenging environments, Saipem not only constructs but also maintains critical infrastructure, ensuring the seamless continuity of energy flows from remote blocks in the ocean to metropolitan refineries and distribution networks. Saipem's business model revolves around delivering comprehensive and innovative solutions, which enable it to generate revenue from various facets of the energy sector. Through its Engineering & Construction (E&C) and Drilling divisions, Saipem designs and executes large-scale projects, crafting bespoke solutions tailored to client needs across different terrains and climates. The company's Drilling division, both onshore and offshore, further complements its portfolio, providing services to national and international oil companies. Revenue streams are strengthened by long-term contracts with robust pipelines of projects, underscoring its role as a reliable partner in the energy supply chain. In an era where energy demands are evolving, Saipem continues to adapt by venturing into technology innovation and sustainability initiatives, seeking to navigate the shift towards cleaner energy sources while maintaining its prowess in traditional oil and gas ventures.
See Also
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Based on Saipem SpA's most recent financial statements, the company has Gross Margin of 30.9%.