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2016-05-26 20:20:00

SEADRILL NET INCOME DOWN 80%

SEADRILL NET INCOME DOWN 80%

 

SEADRILL RESULTS 1Q 2016

 

Highlights

  • Revenue of $891 million
  • EBITDA of $528 million
  • 96% economic utilization
  • Reported Net Income of $88 million and diluted earnings per share of $0.15
  • Cash and cash equivalents of $1.09 billion
  • The Seadrill Group achieved 97% economic utilization
  • Seadrill Group orderbacklog of approximately $9.1 billion

Commenting today, Per Wullf, CEO and President of Seadrill Management Ltd., said

"During the first quarter we achieved record operational uptime and we continue to see the benefits of our cost reduction program coming through.

Our key priorities for the year are cost reduction, managing newbuild deferments and concluding our financing plans, while ensuring that we continue to maintain safe and efficient operations. I am pleased to say we have made good progress in all three areas during the first quarter."

seadrill.com

-----

Earlier: 

SEADRILL NET LOSS $750 MLN 

SEADRILL ACHIEVED 95% 

SEADRILL 2Q 2015 RESULTS 

ROSNEFT & SEADRILL WILL EXTEND 

FREDRIKSEN BUING SEADRILL 

SEADRILL Q2 2014 RESULTS 

ROSNEFT & SEADRILL: FAMILY

 

 

 

Tags: SEADRILL

Chronicle:

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