It’s been a wild ride for offshore and marine companies this year. Oil prices have spiked above US$130 per barrel earlier this month as traders feared an embargo on Russian oil exports due to the ongoing Russia-Ukraine war. Prices have since come down to around US$100 per barrel. Two companies on the Singapore stock market have significant exposure to the oil and gas industry — blue-chip conglomerate Keppel Corporation Limited (SGX: BN4) and Sembcorp Marine Ltd (SGX: S51), or SMM. We decided to compare the two offshore and marine giants to determine which makes the better investment. Financials In terms of financial performance, Keppel stands out as it registered a 31.2% year on year increase in revenue to S$8.6 billion. The conglomerate reported improved revenue across all its four divisions and also saw a strong surge in operating profit. The increase in operating profit was due to lower credit losses on contract assets and higher fair value gains on investments....