Oil price, which is still handsome, is driving the exploration and production activities, and will continue to boost demand for drilling and production equipment. In fact, the companies belonging to the industry have been witnessing rising backlog, reflecting a promising outlook for the Zacks Oil and Gas- Mechanical and Equipment industry.Investors remain optimistic about the sector's inorganic growth strategies and focus on reducing Scope 1 and 2 emissions. With strong balance sheets and minimal debt, many ...