Dril-Quip, Inc. (DRQ)

27.69 -0.22 (-0.79%) At close: 04:00PM EDT

Dril-Quip, Inc.

2050 West Sam Houston Parkway S.
Suite 1100
Houston, TX 77042
United States
713 939 7711
https://www.dril-quip.com

Sector(s): Energy
Industry: Oil & Gas Equipment & Services
Full Time Employees: 1,356

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Jeffrey J. Bird	Pres, CEO & Director	1.23M	N/A	1967
Mr. Kyle F. McClure	VP & CFO	925.06k	N/A	1975
Mr. James C. Webster	VP, Gen. Counsel & Sec.	656.82k	N/A	1970
Mr. Donald M. Underwood	VP of Subsea Products	477.27k	N/A	N/A
Mr. John Mossop	VP of Technology & Energy Transition	N/A	N/A	N/A
Ms. Erin Fazio	Director of Corp. Devel., Investor Relations & FP&A	N/A	N/A	N/A
Mr. Mahesh R. Puducheri	VP & Chief HR Officer	N/A	N/A	N/A

Amounts are as of December 31, 2022 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Dril-Quip, Inc., together with its subsidiaries, designs, manufactures, sells, and services engineered drilling and production equipment for for both offshore and onshore applications worldwide. The company's principal products include subsea and surface wellheads, subsea and surface production trees, mudline hanger systems, specialty connectors and associated pipes, drilling and production riser systems, liner hangers, wellhead connectors, diverters, and safety valves. It also provides technical advisory services, and rework and reconditioning services, as well as rental and purchase of running tools for use in the installation and retrieval of its products; and downhole tools comprise of liner hangers, production packers, safety valves, and specialty downhole tools that are used to hang-off and seal casing into a previously installed casing string in the well bore. The company's products are used to explore for oil and gas from offshore drilling rigs, such as floating rigs and jack-up rigs; and for drilling and production of oil and gas wells on offshore platforms, tension leg platforms, and Spars, as well as moored vessels, such as floating production, storage, and offloading monohull moored vessels. It sells its products directly through its sales personnel, independent sales agents, and representatives to integrated, independent, and foreign national oil and gas companies, as well as drilling and other oilfield contractors, and engineering and construction companies. The company was founded in 1981 and is headquartered in Houston, Texas.

Corporate Governance

Dril-Quip, Inc.’s ISS Governance QualityScore as of September 1, 2023 is 4. The pillar scores are Audit: 6; Board: 3; Shareholder Rights: 5; Compensation: 6.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.