ExxonMobil Targets Nine FlexRobotics Systems to Improve Drilling Safety
ExxonMobil Holdings (NYSE:XOM) on Friday disclosed it is expanding its deployment of Helmerich & Payne Inc.'s (NYSE:HP) FlexRobotics technology.
Stock Taper
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| 2006-07-10 | Forward | 2:1 |
| 1998-01-02 | Forward | 2:1 |
| 1980-10-15 | Forward | 2:1 |
| 1979-10-10 | Forward | 2:1 |
| 1977-03-21 | Forward | 3:2 |
Helmerich & Payne, founded in 1920 and based in Tulsa, Oklahoma, provides global drilling services across North America, offshore Gulf of Mexico, and international markets, also investing in commercial real estate.

A technologically advanced land drilling rig featuring high-capacity components, a sophisticated walking system, and integrated H&P automation and robotics technologies like FlexFusion® and FlexRobotics™ to boost efficiency, safety, and performance.
In a significant leadership transition, Helmerich & Payne announced on December 11, 2025, that CEO John Lindsay would retire in March 2026, to be succeeded by President Raymond 'Trey' Adams III. This news, signaling a planned succession, garnered considerable media attention and was followed by a series of positive analyst rating changes, indicating high investor interest in the company's future direction under new leadership.
In a landmark move for the company, Helmerich & Payne completed its acquisition of KCA Deutag in early 2025, significantly expanding its international presence, particularly in the Middle East. This acquisition is the cornerstone of H&P's strategy to diversify its operations beyond North America and establish itself as a leading global player in the drilling industry.
ExxonMobil Holdings (NYSE:XOM) on Friday disclosed it is expanding its deployment of Helmerich & Payne Inc.'s (NYSE:HP) FlexRobotics technology.
TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE: HP) today announced an expanded deployment of its FlexRobotics® technology with ExxonMobil (NYSE: XOM), marking another milestone in the companies' ongoing collaboration to advance drilling automation, enhance safety and improve operational performance.Building on the successful deployment of the first two FlexRobotics® systems on H&P rigs, ExxonMobil is expanding its use of H&P's technology enhancements to further advance.
Overall rating: C
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