A solid competitive position within its core product offerings, especially its Remotely Operated Vehicles segment A geographically diverse revenue base The company's exposure to the highly cyclical and volatile oil and gas industry A smaller scale of operations and a narrower product offering compared with peers Our expectation that credit measures will weaken in 2016 in comparison to 2015 but be sufficient for the rating category Moderate free cash flow generation over the next two years Strong liquidity, including approximately $500 million of availability on its credit facility and $191 million of cash as of June 30, 2015 The stable outlook on Oceaneering International Inc. reflects Standard&Poor's Ratings Services' assessment that the company will maintain funds from operation