Rowan Companies
Rowan Companies plc, founded in 1923 and based in Houston, Texas, is an American S&P 400 company which provides contract oil well drilling services and rigs. Rowan Companies is located at 2800 Post Oak Boulevard, Suite 5450, in Houston, Texas. Thomas P. Burke is President and Chief Executive Officer.
The company operates a fleet of offshore drilling jackup rigs and ultra-deepwater drillships. The company operates worldwide in the Gulf of Mexico, Trinidad, North Sea, Southeast Asia, Mediterranean, Middle East and Southeast Asia.
Corporate history
Rowan Companies
Rowan Drilling Company, Inc. was founded in 1923 by brothers Charles and 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. The company was publicly traded on the New York Stock Exchange under the ticker symbol RDC.
In 1994, Rowan acquired the assets of Marathon LeTourneau Company.