The oil industry is made up of companies operating in various fields. For example, companies specialize in one or many of the following areas: drilling, exploration, project management, transportation, logistics, equipment, information solutions, marketing, refining, etc.  Among these areas, the oil well services and equipment providers is one area which offers excellent investment opportunities. This is because without these firms the bigger and giant integrated energy companies cannot operate efficiently and effectively. In fact, most of the oil firms sub-contract the services and rent/lease equipment from these highly sophisticated firms.

Five of the largest Oil Well Services and Equipment Providers by Market Cap listed on the NYSE are shown below:

1.Company: Schlumberger NV (SLB)
Current Dividend Yield: 1.49%

2.Company:Halliburton Co (HAL)
Current Dividend Yield: 0.98%

3.Company:National Oilwell Varco Inc (NOV)
Current Dividend Yield: 0.73%

4.Company: Transocean LTD (RIG)
Current Dividend Yield: No regular Dividends

5.Company:Baker Hughes Incorporated (BHI)
Current Dividend Yield: 1.40%

By far Houston,TX-based Schlumberger is the world’s largest company in this field with over 110,000 employees and revenues of over $42.0 billion last year.

Note: Dividend yields noted are as of Jan XX, 2013

Disclosure: No Positions