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SBM Offshore NV ( (GB:0NIS) ) has provided an announcement.
SBM Offshore reported record financial results for 2024, with a 35% increase in directional revenue to $6.1 billion and a 44% rise in directional EBITDA to $1.9 billion, attributed to new awards and FPSO sales. The company announced a 30% increase in cash returns to shareholders, aiming for a $1.7 billion return over six years. Recent achievements include the first oil from the FPSO Almirante Tamandaré, Brazil’s largest operating unit, and steps to enhance their FPSO market through emission reduction technologies and a joint venture with Technip Energies.
More about SBM Offshore NV
SBM Offshore N.V. is a company specializing in the design, construction, and operation of floating production, storage, and offloading (FPSO) vessels, primarily serving the deepwater oil and gas industry. The company focuses on large and complex FPSO projects, with significant market presence in regions such as Brazil, Guyana, Suriname, and Namibia. It also invests in technology to reduce emissions and diversify its offerings, including offshore wind and low-emission power solutions.
YTD Price Performance: 8.57%
Average Trading Volume: 24,358
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €3.14B
Find detailed analytics on 0NIS stock on TipRanks’ Stock Analysis page.
