OII Oceaneering International Inc.

Risks

• We derive most of our revenue from companies in the offshore oil and gas industry, a historically cyclical industry with levels of activity that are significantly affected by the levels and volatility of oil and gas prices.
• Our operations could be adversely impacted by the effects of new regulations.
• Our international operations involve additional risks not associated with domestic operations.
• Our backlog is subject to unexpected adjustments and cancellations and is, therefore, an uncertain indicator of our future revenue and earnings.
• A global financial crisis could impact our business and financial condition in ways that we currently cannot predict.
• Our business strategy also includes development and commercialization of new technologies to support our growth. The development and commercialization of new technologies require capital investment and involve various risks and uncertainties.
• The loss of the services of one or more of our key personnel, or our failure to attract, assimilate and retain trained personnel in the future, could disrupt our operations and result in loss of revenue.
• We may not be able to compete successfully against current and future competitors.
• We rely on intellectual property law and confidentiality agreements to protect our intellectual property. We also rely on intellectual property we license from third parties. Our failure to protect our intellectual property rights, or our inability to obtain or renew licenses to use intellectual property of third parties, could adversely affect our business.
• Our information technology systems are subject to interruption and cybersecurity risks that could adversely impact our operations.
• Our offshore oilfield operations involve a variety of operating hazards and risks that could cause losses.
• Laws and governmental regulations may add to our costs or adversely affect our operations.
• Environmental laws and regulations can increase our costs, and our failure to comply with those laws and regulations can expose us to significant liabilities.
• Our internal controls may not be sufficient to achieve all stated goals and objectives.
• The use of estimates could result in future adjustments to our assets, liabilities and results of operations.
• We may issue preferred stock whose terms could adversely affect the voting power or value of our common stock.
• Provisions in our corporate documents and Delaware law could delay or prevent a change in control of our company, even if that change would be beneficial to our shareholders.