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Expro provides equipment and services that help oil and gas companies drill wells and keep them flowing.
Expro is an oilfield services company. It doesn't own oil or gas, and it doesn't drill wells itself. Instead, it sells the tools, people, and know-how that energy companies need to test a well, get it producing, and keep it running for years. If an oil company has drilled a hole in the ground and wants to know what's down there or how to get it out, Expro is one of the companies it calls.
The business splits roughly into two halves. Well construction and intervention covers the messy work of getting a well ready and fixing it when things go wrong — things like tubular running services, which guide and install the metal pipe that lines a wellbore, and pressure control equipment that keeps a lid on the dangerous stuff underground. The other half is production and subsea services, which help manage the flow once a well is live, including the specialized gear that sits on the seafloor for offshore fields. Expro also tests and analyzes what comes out of a well, so customers know what they're dealing with. Customers are mostly big oil and gas producers and national oil companies, and they pay for equipment rentals, service crews, and long-term contracts, often on projects offshore or in remote places. Expro competes with much larger players like Halliburton, SLB, and Baker Hughes, so it wins by being nimble and specialized rather than by being the biggest. The industry is cyclical and tied to oil prices, which makes revenue swing, but much of Expro's work is maintenance and intervention on existing wells — the kind of spending that holds up better than new drilling when prices fall.
The company has been through a lot of change. It was taken private in 2018, then came back to the public market in 2021 through a merger with Frank's International, another oilfield services firm, and it now trades on the New York Stock Exchange. Its headquarters are in Houston, the center of the American oil business. The combined company has been cutting debt and buying back shares with its cash flow — it announced a $200 million buyback authorization in 2024 — while steering toward offshore and international markets where spending has been steadier than in U.S. shale.
Saved answer · last researched 15 Nov 2026