SBM OFFSHORE NV ADR - $SBFFY STOCK NEWS

SBM Offshore reported year-to-date Directional revenue of US$871 million, maintaining full-year guidance. A cash dividend of US$150 million was approved, along with a share repurchase program of EUR65 million. Significant contract awards and partnerships were highlighted, including the FPSO Jaguar project and the MoU with Technip Energies to create a Floating Offshore Wind JV. Financially, Directional revenue increased by 17% to US$871 million, with net debt increasing to US$6,842 million. Operational updates on various FPSO projects were provided, emphasizing safety, sustainability, and the company's cash return initiatives. Guidance for 2024 revenue and EBITDA was maintained, with a conference call scheduled for further discussion.

SBM Offshore has reported transaction details related to its EUR65 million share repurchase program for the period April 25, 2024, through April 30, 2024. The repurchase program aims to reduce share capital, with a total repurchase amount of EUR 65,000,000 and a cumulative repurchase amount of EUR 13,440,301. The company has repurchased 943,205 shares at an average price of EUR 14.25. The progress of the program can be accessed on the company's website. SBM Offshore designs, builds, installs, and operates offshore floating facilities for the energy industry, focusing on a responsible energy transition.

SBM Offshore has reported the transaction details related to its EUR65 million share repurchase program, revealing a cumulative repurchase amount of EUR 11,357,288 and a cumulative quantity repurchased of 796,226 shares. The company aims to reduce its share capital through this program. The latest transactions from April 18 to April 24, 2024, show an average repurchase price of EUR 14.44 per share. Overall, the share repurchase program is 17.47% completed. SBM Offshore designs, builds, installs, and operates offshore floating facilities for the energy industry, emphasizing a responsible energy transition. The company's financial calendar includes upcoming important dates for investors. For more information, contact Investor Relations or visit the company's website.

SBM Offshore reports the transaction details of its EUR65 million share repurchase program for the period April 11, 2024, to April 17, 2024. The program aims to reduce share capital, with a total repurchase amount of EUR 65,000,000 and a cumulative repurchase amount of EUR 9,665,366. The company has repurchased 679,028 shares at an average price of EUR 14.23. The progress of the program can be tracked on the company's website. The last 5 trading days show varying quantities repurchased and average purchase prices. SBM Offshore is a leading technology provider in the offshore energy industry, focusing on a responsible energy transition. Financial updates and earnings reports are scheduled throughout the year.

SBM Offshore secures a US$250 million term loan facility to finance FPSO construction activities, with a twelve-month tenor and extension option. The company designs, builds, installs, and operates offshore floating facilities for the energy industry, focusing on a responsible energy transition. Financial calendar and contact information provided for further details.

SBM Offshore corrects dividend record date and announces resolutions from the Annual General Meeting 2024, including the appointment of Patrick Jager to the Supervisory Board and a cash dividend of US$150 million. Shareholders will receive US$0.8336 per ordinary share or €0.7651 per ordinary share on May 10, 2024. ABN AMRO will handle dividend payments and offer a Dividend Reinvestment Plan (DRIP) for shareholders.

SBM Offshore announces successful adoption of resolutions at Annual General Meeting, appoints new board member and declares cash dividend. Shareholders to receive US$0.8336 per ordinary share on May 10, 2024. ABN AMRO offers Dividend Reinvestment Plan.

SBM Offshore secures contracts for the Whiptail development project in Guyana with ExxonMobil Guyana The project involves constructing and installing FPSO Jaguar, expected to produce 250,000 barrels of oil per day. EMGL will own the FPSO, with SBM operating it for 10 years. The design is based on SBM's Fast4Ward® program, featuring standardized topsides modules.

SBM Offshore reports details of EUR65 million share repurchase program, with cumulative repurchase amount of EUR 8,129,293 and 12.51% program completion. The company aims to reduce share capital through the program.