A Brief History of Civeo Corporation (CVEO)

Civeo Corporation is a leading provider of workforce accommodations with prominent operations in Canada, the United States, and Australia. The company is headquartered in Houston, Texas and has been serving the global resource industry for many years.

• 1998: Civeo Corporation was founded as PTI Group Inc., primarily operating in Canada's oil sands region. The company focused on providing modular accommodations for workers in remote locations.
• 2006: PTI Group Inc. expanded its operations into the United States, providing workforce accommodations for various industries, including oil and gas, mining, and construction.
• 2012: The company rebranded as Civeo Corporation to reflect its diversified operations and global presence.
• 2014: Civeo Corporation became a publicly traded company on the New York Stock Exchange under the ticker symbol CVEO.
• Present: Civeo Corporation continues to be a leader in workforce accommodations, offering a range of services, including lodging, catering, and facilities management, to support remote workforce operations in key resource regions around the world.

Who Owns Civeo Corporation (CVEO)

Civeo Corporation (CVEO) is a publicly traded company, so its ownership is divided among its shareholders. The largest shareholders of Civeo Corporation are institutional investors, who own a significant portion of the company's stock. These institutional investors include mutual funds, pension funds, and other financial institutions.

According to recent data, the top institutional shareholders of Civeo Corporation are Vanguard Group, BlackRock, and Dimensional Fund Advisors. These institutions own a substantial portion of the company's shares and have significant influence over its operations and strategic decisions.

• Vanguard Group: Vanguard Group is one of the largest investment management companies in the world, and it owns a significant stake in Civeo Corporation. With its vast resources and expertise, Vanguard Group plays a crucial role in shaping the direction of the company.
• BlackRock: BlackRock is another major institutional investor in Civeo Corporation, with a substantial ownership stake. As a global investment firm, BlackRock's involvement in the company brings valuable insights and financial support.
• Dimensional Fund Advisors: Dimensional Fund Advisors is a prominent investment management firm known for its quantitative approach to investing. With its stake in Civeo Corporation, Dimensional Fund Advisors contributes to the company's overall shareholder base.

Civeo Corporation (CVEO) Mission Statement

Civeo Corporation is committed to providing safe, comfortable, and well-maintained accommodation solutions for remote workforce personnel in the natural resource industry. Our mission is to create a welcoming and supportive environment for our clients, enabling them to focus on their work and achieve operational success.

At Civeo Corporation, we strive to exceed our clients' expectations by offering quality housing and hospitality services that promote safety, productivity, and employee well-being. We are dedicated to upholding the highest standards of customer service and operational excellence in everything we do.

• Safety: We prioritize the safety and well-being of our clients by maintaining strict safety protocols and compliance standards in all our accommodations.
• Comfort: We aim to provide a comfortable and welcoming home away from home for our clients, ensuring they can rest and recharge after a hard day's work.
• Quality: We are committed to delivering high-quality accommodation solutions that meet the unique needs of the natural resource industry, providing a reliable and dependable service to our clients.
• Customer Service: We believe in building strong relationships with our clients through exceptional customer service, open communication, and responsiveness to their needs and feedback.
• Operational Excellence: We continuously strive for operational excellence by optimizing our processes, investing in technology and innovation, and fostering a culture of continuous improvement.

How Civeo Corporation (CVEO) Works

Civeo Corporation (CVEO) is a leading provider of workforce accommodations with a focus on serving the natural resource industry. The company operates in the United States, Canada, and Australia, providing temporary and permanent accommodations for workers in the oil, gas, mining, and other industries.

Here is how Civeo Corporation works:

• Accommodation Services: Civeo provides a wide range of accommodation services, including lodging, food service, housekeeping, and maintenance. The company offers both temporary accommodations for short-term projects and permanent accommodations for longer-term workforce needs.
• Remote Workforce Solutions: Civeo specializes in providing accommodations in remote locations where traditional lodging options may be limited. The company designs, builds, and manages workforce camps that are tailored to meet the specific needs of their clients.
• Customized Solutions: Civeo works closely with clients to design customized accommodation solutions that meet their unique requirements. This may include providing specialized facilities such as recreation centers, medical clinics, and training facilities.
• Environmental Sustainability: Civeo is committed to operating in an environmentally sustainable manner. The company strives to minimize its impact on the environment by implementing energy-saving technologies, minimizing waste, and promoting responsible resource management.
• Client Relationships: Civeo places a strong emphasis on building long-term relationships with its clients. The company works closely with clients to understand their needs and provide the highest quality accommodations and services to support their workforce.

How Civeo Corporation (CVEO) Makes Money

Civeo Corporation is a leading provider of workforce accommodations, logistics, and facility management services to the natural resource industry. The company generates revenue through various business segments and services:

• Lodge Operations: Civeo operates accommodation facilities, including lodges, camps, and villages, to provide temporary housing for workers in the oil, gas, mining, and construction industries. Companies pay Civeo for lodging their employees in these facilities.
• Facility Management: Civeo offers facility management services to ensure the smooth operation of its accommodations. This includes services such as housekeeping, maintenance, catering, and security. Clients pay for these services on a contract basis.
• Camp Services: In addition to providing accommodation, Civeo offers catering services to its clients. This includes preparing and serving meals to employees staying in their facilities. Clients pay for these services based on the number of meals served.
• Mobile Accommodation Solutions: Civeo also provides mobile accommodation solutions, such as modular units and mobile camps, to clients in remote locations. These solutions are offered on a rental or lease basis, generating revenue for the company.
• Other Services: Civeo offers a range of other services to support its clients, such as transportation, laundry, and recreational facilities. These services contribute to the company's overall revenue stream.