No. 8: BJ Services
Industry: EnergySales: $4.9 billion
Net Income: $718.7 million
Oil and natural gas keep getting harder to find, and that's fine by this Houston firm. BJ Services (BJS) specializes in getting more crude out of tight rock formations and other unconventional spots. Its engineers and field workers use tricks such as pumping sand, chemicals, and cement into wells. Thanks to high oil and gas prices, the total number of working rigs in the U.S. has shot up from a low of 600 in 1999 to more than 1,700 today. BJ has seen profits gain fourfold over 2003 levels. Chief Executive J.W. Stewart, an industry vet, is taking advantage of the boom to up his investment in new equipment, spending $700 million in 2007.
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