National Energy Services Reunited Corp.
NESR
Energy
1
exclusion reason
1 theme
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
National Energy Services Reunited Corp. (NESR) is an international upstream oilfield services company whose core business is the exploration, extraction, and production of oil and gas. The company is incorporated in the British Virgin Islands and operates primarily in the Middle East and North Africa (MENA) region, providing services such as cementing, drilling, and well intervention to national and international oil companies. In 2025, the company reported oilfield services revenue of $1.32 billion, underscoring its material and direct role in enabling fossil fuel extraction.
The company's recent activity demonstrates an expansion of this core business. In March 2026, NESR secured a major $300 million contract for cementing services in Saudi Arabia, a 3+2-year deal that aligns with regional national oil companies' plans for over $100 billion in upstream capital expenditure for 2025. This contract win followed a strong fourth quarter in 2025, where the company reported revenue of $398.3 million, a 15.9% year-over-year increase. While NESR announced an ESG Impact segment in 2021, its financial and operational focus remains overwhelmingly on supporting upstream oil and gas development.
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