Our business model
Hunting’s financial and operational resources enable us to leverage our core competencies in systems design and production, precision machining and quality print-part manufacturing. This allows us to add value for our stakeholders.
- Our business model
- Facilities
- Our operating segments
- OCTG
- Perforating Systems
- Advanced Manufacturing
- Subsea
- Other Manufacturing
- Non-oil and gas
- Our stakeholders
Our business model
Hunting’s financial and operational resources enable us to leverage our core competencies in systems design and production, precision machining and quality print-part manufacturing. This allows us to add value for our stakeholders.
We develop proprietary technology
The development of new technology and products is a key element of our business model and strategy. This intellectual property and know-how is introduced to our blue-chip customers as the drive for more efficient and safer delivery of oil and gas continues, as well as addressing the challenging environments that the geothermal and CCUS sectors operate in. In 2024, the Group held 412 patents and trademarks.
We manufacture close to where our clients need us
Hunting has a global operating presence in strategic locations to ensure that we are close to where our customers are drilling and developing any resource type. Our established operating footprint ensures that we can support our customers in the oil and gas industry and can be leveraged to address global geothermal and CCUS projects. At 31 December 2024, we manufactured in 11 countries (2023 – 11), from 25 operating sites (2023 – 27) and supplied through 14 distribution centres (2023 – 16).
We leverage our brand and reputation through strong quality assured products
The Hunting brand is supported by our strong reputation for quality assurance and health and safety. These credentials drive customer loyalty and form the basis of most industry tenders, which support our success in increasing our market share in key product lines and multiple end-markets. During 2024, the Group manufactured15.6m parts (2023 – 23.0m) with an internal manufacturing reject rate of 0.31% (2023 – 0.20%). The reject rate for goods shipped was 0.0006% in the year (2023 – 0.0006%). These metrics demonstrate the impressive quality and reliability of our products. This performance strengthens Hunting’s standing in its end-markets.
We train our employees and keep them safe
Our health and safety protocols have been developed to keep our employees safe, with our safety performance measured using an industry-wide performance indicator, which is monitored closely. In 2024, the Group had 25 recordable incidents (2023 – 24) leading to a total recordable incident rate of 0.93 (2023 – 0.91) compared to the industry standard of 4.0.
We provide critical supply channels
Our products are often manufactured using critical raw materials, which enable them to perform in highly challenging environments. We work hard to provide competitive supply channels to lower our customer’s project costs without compromising on quality. Hunting is an independent provider of premium and semi-premium connections and precision engineered accessories for all energy resource types, providing cost agility for our customers. The Group has several strategic partnerships, including our joint venture partner Jindal SAW in India, which produces OCTG pipe and tubulars, to which Hunting’s premium connections are applied, for the local Indian energy market. This venture meets local content requirements. The Group also has strategic supply chain partners to support the accelerating energy transition sector, including the ten-year alliance with Jiuli and the five-year strategic partnership with CRA-Tubulars, whereby Hunting has secured exclusive sales, manufacturing and distribution rights over their TCT (titanium-lined carbon fibre tubing) technology in North America and Europe.
We target blue-chip customers and suppliers
Hunting is a trusted supplier to some of the world’s leading energy companies, including integrated energy companies, national oil companies, international services groups, independent oil and gas producers, as well as leading engineering companies who operate in the global aviation, commercial space, defence, medical, and power generation sectors. We target clients and end-markets who value strongly assured products and services, and who demand high-performance technology and products. We have developed long-standing relationships with our customers through our market-leading reputation for HSE, quality assurance and reliability, differentiated technology, availability and delivery, and customer service and support.
We leverage our expertise in materials and engineering
Hunting’s workforce comprises highly skilled engineers and machinists who lead the development and manufacture of our high-performance technology and products. Our expertise in mechanical and materials engineering and metallurgy ensures that our products will perform in high-pressure, high-temperature environments. We can leverage this expertise into energy transition markets as well as high-value, non-oil and gas markets, such as aviation, commercial space, defence, and medical, for diversification opportunities.
We operate in a responsible and sustainable way
Hunting’s responsible and sustainable approach to its global operations includes the monitoring of waste and emissions to ensure we have a minimal impact on the environment. We have recycled for many years and, more recently, have started to monitor our carbon and climate impact, with initiatives being introduced to reduce this impact. The Group announced new carbon intensity targets in March 2025 as part of the Board’s drive to improve our carbon reduction credentials and to assist in the preparation of a Net Zero transition plan.
