Hunting plc
{{about|the British petroleum company|other companies|Hunting (disambiguation)}}
{{Infobox company
| name = Hunting plc
| logo = Hunting logo.svg
| type = Public
| traded_as = {{lse|HTG}}
| foundation = 1874
| location = London, UK and Houston. United States
| key_people = Richard Hunting, Chairman
Jim Johnson, CEO
| industry = Energy
| products =
| revenue ={{increase}} £1,048.9 million (2024){{cite web|url=https://www.rns-pdf.londonstockexchange.com/rns/5493Z_2-2025-3-5.pdf|title=Annual Results 2024|work=Hunting plc|access-date=6 March 2025}}
| operating_income ={{decrease}} £(21.1) million (2024)
| net_income ={{decrease}} £(25.5) million (2024)
| num_employees = 2,423 (2024)
| parent =
| subsid =
| homepage = [http://www.huntingplc.com/ www.huntingplc.com]
| caption =
| footnotes =
}}
Hunting plc is a British-based supplier to the oil and gas industry. Some 27% of the business is owned by the Hunting family.{{cite web|url=http://www.cbcf.com/News/Press%20Releases%202005/Hunting%20Plc-29%20Jun.aspx |title=cbcf.com |access-date=28 March 2015 |url-status=dead |archive-url=https://web.archive.org/web/20150402093356/http://www.cbcf.com/News/Press%20Releases%202005/Hunting%20Plc-29%20Jun.aspx |archive-date=2 April 2015 }} It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
History
The company was founded in 1874 by Charles Hunting, a veterinary surgeon, as a shipping business.[https://www.telegraph.co.uk/finance/4465286/Hunting-says-no-again-to-Duke-Street.html Hunting says no to Duke Street] Daily Telegraph, 15 September 2000 The business, originally known as Hunting & Pattison, was managed by the founder's son, Charles Samuel Hunting, and comprised two sailing ships, the Genii and the Sylvia.{{cite web|url=http://www.gibsons.co.uk/index.php/frontpage/history/ |title=Gibsons |work=gibsons.co.uk |access-date=28 March 2015 |url-status=dead |archive-url=https://web.archive.org/web/20150402145027/http://www.gibsons.co.uk/index.php/frontpage/history/ |archive-date=2 April 2015 }} In the 1890s the company invested in oil tankers and became a tanker broker.{{Cite web |url=http://www.hunting.plc.uk/start.htm |title=Hunting plc: Heritage |access-date=2009-08-16 |archive-url=https://web.archive.org/web/20020109015426/http://www.hunting.plc.uk/start.htm |archive-date=2002-01-09 |url-status=dead }} In the 1930s and 1940s, it diversified into aircraft maintenance and manufacturing as well as air transport, establishing Hunting Aircraft in 1944 by the purchase of Percival Aircraft: this business was absorbed into the British Aircraft Corporation in 1960.{{cite web|url=http://www.baesystems.com/Businesses/RegionalAircraft/AboutUs/History/index.htm|title=Our Businesses - BAE Systems|work=baesystems.com|access-date=28 March 2015}}
At the end of 1945, Hunting entered the airline business and established Hunting Air Travel Ltd, a business headquartered at Luton Airport.{{cite news|url=http://www.hounslowchronicle.co.uk/west-london-news/looking-back-history-west-london/fly-past/2009/01/15/fly-past-a-hunting-we-will-go-86289-22699620/|last=Dix|first=Barry|title=Fly Past: A hunting we will go|newspaper=The Hounslow Chronicle|date=15 January 2009}} The new airline began commercial operations from Bovingdon Airport at the start of 1946. In 1951, Hunting Air Travel changed its name to Hunting Air Transport. Another change of name occurred in late 1953, when Hunting Air Transport became Hunting-Clan Air Transport. This change of name resulted from the Hunting family's decision to split the group and to transfer their airline business to a new holding company which they had set up together with the Scottish Clan Line, a rival shipping company owned by the Cayzer family.{{cite web|url=http://www.flightglobal.com/pdfarchive/view/1954/1954%20-%200089.html|title=air transport - hunting air - aircraft services - 1954 - 0089 - Flight Archive|work=flightglobal.com|access-date=28 March 2015}}
In June 1998, Hunting Cargo Airlines was sold to a consortium consisting of CMB (Belgium) and Safair (part of the Imperial Group) and rechristened ACL (Air Contractors Limited).[http://www.aslaviationgroup.com/index.php/About/single/history About us - History. ASL Aviation] {{Webarchive|url=https://web.archive.org/web/20160218001625/http://www.aslaviationgroup.com/index.php/About/single/history |date=2016-02-18 }}- official website In the 1990s, Hunting became involved in defence contracts, notably, in 1993, being a member of the winning consortium contracted to manage the Atomic Weapons Establishment, a contract that lasted until 2003.{{cite web|url=http://www.hse.gov.uk/nuclear/awe/awe00-06.htm|title=Relicensing the Atomic|work=hse.gov.uk|access-date=28 March 2015}} More recently, it refocused on its core oil and gas activities.[https://web.archive.org/web/20160303222749/http://www.energyinternat.com/pdf/445-pdf/445-drill.pdf What is the point of innovation in pressure regulator design?] Energy International, November 2008
In December 2008, it completed the disposal of Gibson Energy, its operation transporting and marketing crude oil in Canada, for a total consideration of £517m.[https://www.forbes.com/feeds/afx/2008/08/06/afx5293386.html Hunting sells Gibson Energy unit for £626 million]{{dead link|date=January 2022|bot=medic}}{{cbignore|bot=medic}} Forbes, 6 August 2008 On 16 August 2010, Hunting PLC announces the acquisition of Innova-Extel Acquisition Holdings Inc. for a cash consideration of US$125 million.[http://ceoworld.biz/ceo/2010/08/16/hunting-acquires-innova-extel-for-125m Hunting acquires Innova-Extel for $125m] {{Webarchive|url=https://web.archive.org/web/20100818031300/http://ceoworld.biz/ceo/2010/08/16/hunting-acquires-innova-extel-for-125m |date=2010-08-18 }} CEOWORLD Magazine, 16 August 2010 On 5 August 2011 Hunting announced the acquisition of Titan Group for $775 million.{{cite news|url=https://www.bloomberg.com/news/articles/2011-08-05/hunting-buys-titan-for-775m-for-shale-oil|title=Hunting Buys Titan for $775 Million to Expand in Shale Oil|newspaper=Bloomberg|date=5 August 2011 |access-date=22 April 2017}} On 12 August 2011 Hunting announced the acquisition of Dearborn Precision Tubular Products for US83.5 million.[http://www.upstreamonline.com/live/article272354.ece Hunting buys Dearborn for $85m] Upstream, 15 August 2011
As of 1 September 2017, Jim Johnson was promoted from the role of COO to the role of CEO to replace Dennis Proctor.{{Cite web|url=http://www.huntingplc.com/media/press-releases/2017/16-08-2017|title=Appointment of Chief Executive|website=www.huntingplc.com|language=en|access-date=2018-10-25}}
Current operations
Operations include:{{cite web|url=http://www.huntingplc.com/about-us/activities.aspx|title=Activities|publisher=Hunting Group|access-date=22 April 2017}}
- Well Construction: provides products and services for the construction phase of the wellbore development.
- Well Completion: provides products and services that support the completion and re-completion phases of wellbore development.
- Well Intervention: provides products and services that support the intervention and subsea support phases of wellbore production and maintenance.
See also
References
{{reflist|30em}}
Sources
- {{cite journal| title=Flight International | journal=Flight International | publisher=Reed Business Information | place=Sutton, UK | issn= 0015-3710}} (various backdated issues relating to Hunting Air Travel, Hunting Air Transport and Hunting-Clan Air Transport, 1946-1960)
External links
- [http://www.hunting.plc.uk/ Official site]
{{FTSE 250 Index constituents}}
{{Energy in the United Kingdom|companies}}
{{Authority control}}
Category:Companies based in the City of Westminster
Category:Companies established in 1874
Category:Engineering companies of the United Kingdom
Category:Oilfield services companies
Category:Companies listed on the London Stock Exchange