Seadrill Limited (SDRL) has released an update.
Seadrill Limited reported a robust second quarter in 2024 with an operating profit of $288 million and an Adjusted EBITDA of $133 million, marking a significant improvement over the previous quarter. The company completed the sale of three jack-up rigs, enhancing its fleet and capital return program, and continued its share repurchase initiative, buying back over 15% of its issued shares since September 2023. Seadrill also announced a revised full-year guidance, anticipating revenues between $1,355 million and $1,405 million and Adjusted EBITDA of $315 million to $365 million, as it prepares for its rigs to commence contracts in Brazil by the end of the year.
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