Forum Energy Technologies, Inc. Common Stock (FET)

Competitors to Forum Energy Technologies, Inc. Common Stock (FET)

Baker Hughes Company

Baker Hughes is a major player in the oilfield services sector, providing a wide range of services and technologies that overlap with those offered by Forum Energy Technologies. Baker Hughes leverages its strong brand recognition and comprehensive service offerings to attract large multinational clients. Their competitive advantage lies in their technological advancements and integrated service capabilities, which allow them to service large projects more effectively than Forum, which may focus more on specific niche markets.

National Oilwell Varco, Inc. 

National Oilwell Varco (NOV) provides equipment and technology services to the oil and gas industry, including drilling and production services, much like Forum Energy Technologies. NOV's extensive product lines and significant market share in drilling technology give it a notable competitive advantage. Furthermore, NOV benefits from economies of scale and a broad customer base, putting pressure on Forum to differentiate its specialized offerings in a competitive marketplace.

Schlumberger Limited 

Schlumberger Limited is a leading global provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry, and it competes with Forum Energy Technologies in providing specialized equipment and technical services to the energy sector. Schlumberger's vast experience, extensive global reach, and significant R&D investment give it a competitive edge in providing comprehensive integrated services that Forum may struggle to match, particularly in larger global projects.

TechnipFMC plc 

TechnipFMC provides technology and services for the energy industry, with a significant focus on subsea and offshore solutions, positioning them competitively with Forum Energy Technologies. Their integrated operations and technology development give them advantages in larger, complex projects, which often seek comprehensive solutions. Forum's specialization could appeal to customers looking for targeted solutions, but TechnipFMC's breadth of offerings generally provides them a competitive upper hand.

Weatherford International plc 

Weatherford International offers products and services in well construction, completion, and production for the oil and gas sector, similar to Forum Energy Technologies. Weatherford emphasizes innovation and technology development, including digital solutions that enhance operational efficiency, thus allowing it to compete effectively in niche markets. However, Forum’s focused product range can be a differentiator in specific segments, while Weatherford’s broader service offerings give it scale and competitive strength.