OEG debuts global employee wealth initiative to support long-term growth

(WO) — OEG, a global energy services provider, has launched a company-wide employee wealth-sharing initiative aimed at aligning its workforce with long-term business growth.

The program, known as the Shared Prosperity Plan, provides employees with a stake in the value created as the company expands its services across both conventional oil and gas and renewable energy markets.

OEG employs approximately 1,500 people across more than 65 locations worldwide and has supported the energy sector for over 50 years. In June 2025, funds managed by affiliates of Apollo Global Management acquired a majority stake in the company, valuing the business at more than $1 billion.

“Our people are central to our success, and this plan is designed to recognize their contributions to OEG’s growth,” said CEO John Heiton.

The initiative is supported by Apollo through its Apollo Empower program, which focuses on expanding employee financial participation across its portfolio companies. Apollo is also a founding partner of Ownership Works, a nonprofit organization promoting broad-based employee ownership.

OEG said the program was launched simultaneously across its global operations as part of a broader effort to strengthen workforce engagement and support long-term value creation.