FMC Technologies has seen a drop in second quarter revenue which fell 15% from the year before.
The company said the figure decreased from $1.99billion in 2014 to $1.70billion.
This was mainly due to decline in North American land market and its impact on the subsea engineering specialist’s surface technologies revenue.
FMC’s reported net income for the second quarter was $107.9million compared to $226.3million in the same quarter last year.
Companies have been reporting their second quarter results in recent weeks, with Baker Hughes and Halliburton also reporting losses earlier this month as the oil price decline continues to have its affect.