Rowan Companies, Inc. , founded in 1923 and based in Houston, Texas, is an S&P 500 company which provides contract oil well drilling services and rigs, and manufactures equipment for drilling as well as for mining and timber industries. Rowan Companies is located at 2800 Post Oak Boulevard, Suite 5450, in Houston, Texas. W. Matt Ralls is President, and Chief Executive Officer. The company operates a fleet of 24 offshore drilling jackup rigs and 32 land based drilling rigs. In North America the company operates onshore in the United States, as well as offshore in the Gulf of Mexico and off... the coast of eastern Canada, and internationally in the Middle East, North Sea, West Africa, Mexico and Egypt. Rowan operates a manufacturing division that produces equipment for the drilling, mining and timber industries: Rowan Drilling Company, Inc. was founded in 1923 by Arch Rowan as a contract drilling business. In 1947, the drilling company was reorganized as Rowan Companies, Inc. In 1964, the company began paying a cash dividend to shareholders, which it continued without interruption for the next couple of decades.
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| NYSE symbol: | RDC |
| Founded: | 1923 |
| Headquarters: | Houston, Texas |
| Legal structure: | Public company |
| Annual revenue: | $2,212,740,000 |
| Net income: | $427,630,000 |
| Operating income: | $658,120,000 |
| Market cap: | $4,400,000,000 |
| Industries: | Drilling Oil and Gas Wells |