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2016-05-05 18:30:00

TRANSOCEAN NET INCOME $249 MLN

TRANSOCEAN NET INCOME $249 MLN

Transocean Ltd. Reports First Quarter 2016 Results

  • Revenues were $1.34 billion, compared to $1.85 billion in the fourth quarter of 2015;
  • Operating and maintenance expense was $665 million, down from $794 million in the prior period;
  • Adjusted net income was $254 million, $0.69 per diluted share, excluding $5 million of net unfavorable items. This compares with $615 million, $1.68 per diluted share, in the fourth quarter of 2015, excluding $4 million of net unfavorable items;

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Tags: TRANSOCEAN, OIL, GAS
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