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 for continued year over year declines in revenue through 2017 with expected recovery to begin in late 2018 although credit measures remain sufficient for the rating category. Moderate free cash flow generation over the next two years. Reduced capital spending in line with weakening market conditions. The stable outlook on Oceaneering International Inc. reflects S&P Global Ratings' assessment that the company will maintain funds from operation (FFO) to debt over 60% through
