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DXP Talks Diversification Strategy and its Move Away from Oil & Gas

The company’s recent choices raise the question: Will other similar distributors reduce their exposure to volatile energy markets?

April 4, 2022

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DXP Talks Diversification Strategy and its Move Away from Oil & Gas

Factory – oil and gas industry

The 2022 fiscal first quarter just ended for most publicly-traded companies, which means another earnings reporting period is upon us starting in a couple of weeks. But several companies reported their latest fiscal results in late March, and one of them is DXP Enterprises, an industrial distributor of pumping solutions, MROP products and supply chain services. Like many Houston-based distributors, DXP is well-known for catering to the energy markets, specifically oil and gas. But the news out of the company over the past year has indicated an aggressive move away from that market — which…

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