Sbm Offshore Stock Price, News & Analysis

SBM Offshore (SBFFF) has provided an update on its share repurchase program worth EUR130 million (approximately US$140 million) for the period February 20-26, 2025. The program, initially announced on February 29, 2024, for EUR65 million and later increased by an additional EUR65 million on August 8, 2024, aims to reduce share capital and provide shares for management and employee share programs.

The buyback transactions were executed through multiple trading venues including Euronext Amsterdam, CBOE DXE, and Turquoise. Detailed transaction information is available on the company's investor relations website. The program is being conducted in compliance with Market Abuse Regulation requirements.

SBM Offshore has announced its upcoming Annual General Meeting of Shareholders (AGM) scheduled for Wednesday, April 9, 2025, at 2:30 p.m. Central European Time. The meeting will be held at the Steigenberger Airport Hotel Amsterdam in the Netherlands.

The company, which specializes in deepwater ocean-infrastructure, focuses on delivering cleaner and more efficient energy production through the design, construction, installation, and operation of offshore floating facilities. With over 7,800 employees worldwide, SBM Offshore aims to balance ocean protection with progress while expanding into new markets within the blue economy.

SBM Offshore reported record financial results for 2024, with Directional Revenue reaching US$6.1 billion (+35%) and EBITDA of US$1.9 billion (+44%). The company achieved a record US$35.1 billion Directional backlog, with US$9.5 billion in net cash backlog.

Key highlights include a 30% increase in cash return to shareholders at US$1.59 per share, comprising a US$155 million dividend and US$150 million share repurchase program. The company projects US$1.7 billion in cash returns to shareholders over the next 6 years.

For 2025, SBM Offshore guides Directional Revenue above US$4.9 billion and EBITDA around US$1.55 billion. Notable operational achievements include the completion of FPSO Prosperity and Liza Destiny sales in Q4 2024, and FPSO Almirante Tamandaré achieving first oil on February 15, 2025.

SBM Offshore has reported details of its EUR130 million (approximately US$140 million) share repurchase program for the period February 13-19, 2025. The program, initially announced on February 29, 2024, for EUR65 million and later increased by another EUR65 million on August 8, 2024, aims to reduce share capital and provide shares for management and employee share programs.

The company, which specializes in deepwater ocean-infrastructure and employs over 7,400 people globally, is focused on delivering cleaner, more efficient energy production and expanding into new blue economy markets. The share repurchase transactions are being conducted through Euronext Amsterdam, CBOE DXE, and Turquoise platforms.

SBM Offshore has announced that Bernard Bajolet will step down as member of the Supervisory Board after the 2025 Annual General Meeting, concluding seven years of service. Bajolet will continue his involvement with the company as an advisor. The announcement was made by Roeland Baan, who expressed gratitude for Bajolet's valuable contributions to the company.

SBM Offshore, the world's deepwater ocean-infrastructure expert, focuses on designing, constructing, installing, and operating offshore floating facilities. The company employs over 7,400 people globally and aims to deliver cleaner, more efficient energy production while expanding into new blue economy markets.

SBM Offshore announces that FPSO Almirante Tamandaré has achieved first oil and is formally on hire as of February 16, 2025, following a successful 72-hour continuous production test. The vessel is Brazil's largest oil producing unit, with a capacity of 225,000 barrels of oil and 12 million m3 of gas per day.

The FPSO features advanced emission reduction technologies, including closed flare technology, resulting in a greenhouse gas emission intensity below 10 kgCO2e/boe. It is the first unit in Brazil to receive a Sustainability-1 Notation certification.

The vessel is owned by SBM Offshore (55%) and partners (45%), operating under a 26.25-year charter with Petrobras at the Búzios unitized field, located approximately 180 kilometers offshore Rio de Janeiro.

SBM Offshore (SBFFF) has reported details of its ongoing EUR130 million (c. US$140 million) share repurchase program for February 6-12, 2025. The program, initially announced at EUR65 million on February 29, 2024, was increased by an additional EUR65 million on August 8, 2024. As of February 12, 2025, the company has completed 80.56% of the program, repurchasing 6,613,461 shares at an average price of EUR15.84, totaling EUR104,730,680.

During the latest five trading days, the company repurchased 102,181 shares at an average price of EUR18.46, amounting to EUR1,886,470. The program's objectives are to reduce share capital and provide shares for management and employee share programs. All purchases were executed via Euronext Amsterdam, CBOE DXE, and Turquoise.

SBM Offshore (SBFFF) has reported details of its EUR130 million (c. US$140 million) share repurchase program for January 30-February 5, 2025. The program, initially announced at EUR65 million on February 29, 2024, and increased by another EUR65 million on August 8, 2024, aims to reduce share capital and provide shares for employee programs.

As of February 5, 2025, the company has completed 79.11% of the program, repurchasing 6,511,280 shares at an average price of EUR15.79, totaling EUR102,844,210. In the last five trading days, 107,409 shares were repurchased at an average price of EUR18.07, amounting to EUR1,941,079.

SBM Offshore has completed two significant transactions with MISC Berhad as announced on September 6, 2024. The company has acquired MISC Berhad's complete equity interest in the lease and operating entities of FPSO Espirito Santo in Brazil, while simultaneously divesting its equity interest in the lease and operating entities of FPSO Kikeh in Malaysia to MISC Berhad.

This strategic move aligns with SBM Offshore's portfolio rationalization strategy to 'maintain focus and excellence' in operations. The company, as a global deepwater ocean-infrastructure expert, continues to focus on delivering cleaner energy production solutions and expanding into new blue economy markets with over 7,400 employees worldwide.