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SBM Offshore initiates a share repurchase program of 50,000 ordinary shares, costing approximately EUR 0.6 million. The program is set to be completed by March 7, 2024, in compliance with safe harbor provisions. The company will provide updates on the progress weekly. SBM Offshore is a leading offshore energy industry player focusing on a responsible energy transition and cleaner solutions. They have a detailed financial calendar for 2024.
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SBM Offshore reports record-level revenue and EBITDA, increasing shareholder returns. The company achieved a Directional Revenue of US$4.5 billion (+38%) and Directional EBITDA of US$1.3 billion (+31%). They have a Directional backlog of US$30.3 billion and are evolving their shareholder return policy with a 12% increase in annual cash return to shareholders. The company also announced successful sales and awards in various projects, including FPSO Liza Unity and Whiptail FEED award.
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SBM Offshore announces changes in the Supervisory Board and upcoming Annual General Meeting. Jaap van Wiechen to step down, Patrick Jager proposed as new member. SBM Offshore focuses on offshore floating facilities for energy industry, emphasizing responsible energy transition. Financial calendar for 2024 released.
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SBM Offshore announces the decision of CEO Bruno Chabas not to seek a 4th mandate and the appointment of Øivind Tangen as his successor. Tangen will take over as CEO and Chair of the Management Board at the end of the AGM on April 12, 2024. Chabas will act as an advisor during the transition. Tangen is seen as an excellent successor by the Supervisory Board, with extensive experience in core business areas.
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SBM Offshore (SBMO) announces FPSO Sepetiba is formally on hire after achieving first oil and the completion of a 72-hour continuous production test leading to Final Acceptance. The FPSO will operate under a 22.5-year charter and operation services contracts with Petrobras, installed at the Mero unitized field located in the Santos Basin, Brazil. SBM Offshore is a leading technology provider in the offshore energy industry.
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SBM Offshore (SBMO) secures a US$210 million Revolving Credit Facility (RCF) for the construction of Fast4Ward® Multi-Purpose Floater (MPF) hulls. The tenor of the RCF is eighteen months with an extension option for another six months. Under the Company’s Fast4Ward® program, eight standardized MPF hulls have been ordered to date with seven allocated to projects and one supporting tendering activities. SBM Offshore designs, builds, installs, and operates offshore floating facilities for the offshore energy industry. The company's financial calendar for 2024 includes important events such as Full Year 2023 Earnings, Annual General Meeting, First Quarter 2024 Trading Update, Half Year 2024 Earnings, and Third Quarter 2024 Trading Update.
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SBM Offshore (SBM) completed the repurchase of 350,000 shares between November 9, 2023 and November 21, 2023, at an average price of EUR 12.25 per share, totaling EUR 4,286,956. The repurchases were made under a program to meet obligations from regular management and employee share programs.
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SBM Offshore (Ticker: SBMO) Reports Share Repurchase Program Details, Completing 51.86% of the Program. The company repurchased 350,000 shares under the program announced on November 9, 2023, aiming to meet obligations from regular management and employee share programs. The repurchase details and progress can be accessed via the Investor Relations section of the Company's website. The average purchase price per share was EUR 12.29.
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SBM Offshore (SBMO) Announces FPSO Prosperity's First Oil Production
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SBM Offshore (SBMO) completes purchase of FPSO Liza Unity from ExxonMobil Guyana ahead of lease term end, with a total cash consideration of c. US$1.26 billion. The purchase allows ExxonMobil Guyana to assume ownership while SBM Offshore will continue to operate and maintain the FPSO up to 2033. The transaction will decrease SBM Offshore’s net debt position. The FPSO has been on hire since February 2022 and operated through an integrated model combining SBM Offshore and ExxonMobil’s expertise for outstanding operational performance.
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SBM Offshore N.V.
OTC:SBFFF
SBFFF Rankings
SBFFF Stock Data
2.87B
121.95M
21.46%
43.04%
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