Hunting plc
From Wikipedia, the free encyclopedia
| Hunting plc | |
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| Type | Public (LSE: HTG) |
| Founded | 1973 |
| Headquarters | London, UK |
| Key people | Richard Hunting, Chairman Dennis Proctor, CEO |
| Industry | Energy |
| Revenue | £1,949.5 million (2007) |
| Operating income | £98.5 million (2007) |
| Net income | £62.5 million (2007) |
| Website | www.hunting.plc.com |
Hunting plc (LSE: HTG) is a leading British-based supplier to the oil and gas industry. Some 27% of the business is owned by the Hunting family.[1] It is headquartered in London and is a constituent of the FTSE 250 Index.
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[edit] History
The business was founded by Charles Hunting in 1874 as a shipping business. In the 1890's the Company invested in oil tankers and became a tanker broker. In the 1930's it diversified into aircraft manufacturing and in the 1990's it became involved in defence contracts winning notably, in 1993, the contract to manage the Atomic Weapons Establishment.[2] It has more recently focused on its core activity of oil and gas.
[edit] Structure
The business is organised into two entities:
- Hunting Energy - well construction & completion and supply of oil platform accessories
- Hunting Gibson - transport and marketing of crude oil in Canada
