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Tenaris SA ADR TS Stock Quote

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A Ramp Up in Offshore Activity Will Foster High Demand for Tenaris' Tube Products Moving Forward

Business Strategy and Outlook

| Katherine Olexa |

Tenaris is a leading provider of oil country tubular goods, or OCTG, the steel tubing used to construct oil and gas wells. It maintains dominant share across premium and nonpremium OCTG markets. The firm manages low-cost, high-quality manufacturing operations on nearly every continent, enabling it to reap the benefits of a globalized supply chain while maintaining a localized presence. Recent capacity expansions in North America (Tenaris’ largest geographical market) via the IPSCO acquisition will bolster the firm’s Rig Direct program, advancing its strategy for production and overall supply chain optimization.

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Business Description

Tenaris is one of the largest global producers of oil country tubular goods, which are used primarily in the construction of oil and gas wells. The company’s production facilities are located primarily in the U.S., Argentina, Mexico, and Italy. Tenaris’ premium OCTG products are among the most trusted by oil companies for use in the most challenging applications, including deep-water offshore as well as horizontal shale wells.

26, Boulevard Royal, 4th Floor
Luxembourg, L-2449, Luxembourg
T +352 26478978
Sector Energy
Industry Oil & Gas Equipment & Services
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 24,000