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Top 9 U.S. Oil and Gas Machinery Manufacturers

Posted by IndustrySelect on Thursday, January 30, 2020

Oil rig stands tall against a bright blue sky and bright desert dunes


The oil and gas field machinery manufacturing market, like many manufacturing markets today, is in a consistent state of fluctuation.

For salespeople and marketers, keeping track of the market at large can be tricky, but understanding some of the largest companies and their values can aid you in taking the right sales approach.

Industry Overview

The U.S. oil and gas field machinery manufacturing industry has experienced several negative trends affecting growth in recent years. While global demand for products has remained high, an appreciation of the US dollar and decreased oil prices - in addition to President Trump's tariffs and trade-war threats - have presented the industry with continuous hurdles.

According to data collected by MNI, compiler of the industrial data that powers IndustrySelect, job growth in the U.S. oil and gas machinery industry experienced a -0.36% downturn, and the industry at large took in revenue of around $69.6 billion.

Globally, the industry remains strong, valuing at around $324 billion and expanding at a compound annual growth rate (CAGR) of 5.2%3.

The following nine companies are currently the fastest growing oil and gas field machinery manufacturers in the US market.

Top Nine U.S. Oil and Gas Machinery Manufacturers

Halliburton Co.3,000HoustonTX
Schlumberger Technology Corp.2,100Sugar LandTX
Schlumberger Technology Corp. - DT&R Div.2,000HoustonTX
Baker Hughes Co.1,500HoustonTX
Halliburton Energy Services, Inc.1,500HoustonTX
WesternGeco, LLC1,500HoustonTX
Weir Pumps, Inc.1,000Fort WorthTX
National Oilwell Varco, Inc.975OrangeCA
Baker Hughes Oilfield Operations, LLC900HoustonTX

About the Top Nine Oil and Gas Machinery Manufacturers

1. Halliburton Co.

Thanks to its political entanglements with figures such as Dick Cheney, Halliburton is something of a household name in the US. Despite any public image issues, the company's relentless dedication to expansion and cutting-edge technology have kept it moving forward at an impressive pace.

2. Schlumberger Technology Corp.

With Schlumberger's commitment to technological innovation, the company has enabled itself and the industry at large to advance dramatically. The company is making significant strides in green energy and continues to be a world leader.

3. Schlumberger Technology Corp. DT&R Division

Another branch of the Schlumberger empire, the company's DT&R Division showcases just how committed to cutting-edge technology the company is.

4. Baker Hughes Co.

A General Electrics company, Baker Hughes6provides energy enterprises with leading technology solutions to help them create and deliver best-in-class services. Baker stands apart for its focus on corporate responsibility.

5. Halliburton Energy Services, Inc.

Halliburton's Energy Services offshoot could make this list two more times if we were simply listing companies by number of employees stationed at different plants. The sheer size and dominance of Halliburton, as previously mentioned, make it a stand-out enterprise.

6. WesternGeco, LLC

Schlumberger actually owns WesternGeco. WesternGeco helps companies use seismic readings and other landscape evaluations to determine the best locations for oil withdrawal.

7. Weir Pumps, Inc.

Weir Pumps is unique for the company's commitment to improving worker safety at any cost. The company is also focused on efficient, sustainable products, making them a forerunner in an era of socially conscious and responsible corporations.

8. National Oilwell Varco, Inc.

National Oilwell Varco supplies companies with drilling equipment and drill bits that increase withdrawal volume while decreasing withdrawal times. Varco's commitment to high-performance products has led the company to continued success over the years.

9. Baker Hughes Oilfield Operations, LLC

Baker Hughes makes the list again, this time specifically for the company's Oilfield Operations division. Displaying the business's trademark commitment to quality and innovation, Baker Hughes' Oilfield Operations wing allows the company to assist with oil withdrawal specifically.

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Related: Global Energy Business Database Now Available

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