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.
Expro Group Holdings N.V. provides energy services exclusively to oil and gas operators across its global operations in North and Latin America, Europe, Sub-Saharan Africa, and the Middle East. Its business is centered on exploration and production support, including specialized services like well construction, intervention, and subsea work. The company’s recent contract announcements highlight this focus, such as the first deployment of its ELITE Composition™ service for a major oil and gas operator in Cyprus and a contract to supply tubular running services for drilling operations.
These services are integral to the upstream fossil fuel lifecycle, enabling the exploration, extraction, and completion of new oil and gas wells. Expro’s public guidance and communications are directed solely at the oil and gas industry, with no announced transition toward servicing renewable energy projects. The company operates as a specialized contractor within the fossil fuel sector.
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A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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