Patterson-UTI Energy is a company that provides drilling services and oilfield services to the energy sector, particularly focusing on oil and natural gas extraction. It operates primarily in the United States and is known for its advanced drilling technology and equipment. The company offers a range of services including contract drilling, pressure pumping, and other support services essential for oil and gas exploration and production. Patterson-UTI Energy plays a significant role in enhancing the efficiency and effectiveness of operations in the upstream segment of the energy industry.
Patterson-UTI Energy's revenue reached $5.38 billion in 2024, a 30% increase year-on-year. The company suffered a net loss of $968 million, contrasting sharply with a profit of $246.3 million in…