Welcome to our dedicated page for Sbm Offshore news (Ticker: SBFFF), a resource for investors and traders seeking the latest updates and insights on Sbm Offshore stock.
News for SBM Offshore N.V. (SBFFF) on Stock Titan highlights the company’s communications as a deepwater ocean-infrastructure expert focused on offshore floating facilities. Its corporate profile emphasizes the design, construction, installation and operation of offshore floating facilities that support energy production in deepwater environments, with a stated role in a just transition and the blue economy.
A major theme in recent releases is SBM Offshore’s share repurchase program with a total repurchase amount of EUR 141,189,019. Weekly updates detail the quantities repurchased, average purchase prices, settlement amounts and cumulative progress since the program became effective on April 24, 2025. These updates also explain that the program aims to reduce share capital and provide shares for regular management and employee share programs, and that repurchases are executed via Euronext Amsterdam, CBOE DXE and/or Turquoise.
Another recurring news topic is portfolio and contract activity. SBM Offshore has reported a contract extension for the lease and operation of FPSOs Mondo and Saxi Batuque with Esso Exploration Angola (Block 15) Limited, securing ownership and operations until 2032 and including life-extension activities for equipment replacement and refurbishment. It has also announced completion of the sale of its equity interest in the lease and operating entities of the FPSO Aseng to GEPetrol, describing this as part of its strategy to rationalize its Lease & Operate portfolio.
Investors following SBFFF news can use this page to review regular capital allocation updates, long-term contract developments, portfolio transactions and corporate profile statements that frame SBM Offshore’s role in deepwater offshore energy and the energy transition.
- Paid EUR150 million cash dividend (EUR0.8606 per share) and launched EUR141 million share buyback program - Achieved first oil for FPSO Almirante Tamandaré; FPSOs Alexandre de Gusmão and ONE GUYANA on track for 2025 - Completed US$400 million sale and leaseback for FPSO Cidade de Paraty - Increased revolving credit facility to US$1.1 billion - Signed strategic agreement with Microsoft for carbon-free floating power solutions
The company's pro-forma Directional backlog stands at US$35.1 billion, with expected generation of US$9.5 billion. Fleet uptime reached 99.5%, and the company maintains its commitment to deliver minimum US$1.7 billion cash return to shareholders by 2030.
SBM Offshore has reported the latest transaction details of its EUR141 million (US$150 million) share repurchase program for May 8-14, 2025. The program, announced on February 20, 2025, and effective from April 24, 2025, aims to reduce share capital and provide shares for management and employee share programs.
Key highlights of the program progress include:
- Cumulative repurchase amount: EUR 9.53 million
- Total shares repurchased: 516,113
- Average repurchase price: EUR 18.47
- Program completion: 6.75%
In the past week, the company repurchased 176,316 shares at an average price of EUR 18.89, totaling EUR 3.33 million. All purchases were executed via Euronext Amsterdam, CBOE DXE and Turquoise.
- Total repurchased amount: EUR 6.2 million (4.39% of program completed)
- Cumulative shares repurchased: 339,797
- Average repurchase price: EUR 18.25
- Latest week transactions: 142,797 shares at average EUR 18.55
All purchases were executed via Euronext Amsterdam, CBOE DXE and Turquoise exchanges.
SBM Offshore has reported details of its EUR141 million (approximately US$150 million) share repurchase program for April 24-30, 2025. The program, announced on February 20, 2025, aims to reduce share capital and provide shares for management and employee share programs.
Key highlights:
- Total repurchase amount: EUR 141.19 million
- Cumulative shares repurchased: 197,000
- Average repurchase price: EUR 18.04
- Program completion: 2.52%
As the world's deepwater ocean-infrastructure expert, SBM Offshore focuses on cleaner energy production and blue economy markets. The company employs over 7,800 people globally and conducts share purchases through Euronext Amsterdam, CBOE DXE, and Turquoise exchanges.