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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