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SBM OFFSHORE NV ORD (SBFFF) is a leading company in the offshore oil and gas industry, providing innovative solutions for floating production and mooring systems. With a strong focus on safety, sustainability, and efficiency, SBM OFFSHORE has a global presence and a proven track record of successful projects. The company's recent achievements include securing major contracts, expanding its fleet of vessels, and investing in cutting-edge technology to enhance operations. SBM OFFSHORE's financial stability and strategic partnerships position it as a key player in the market, offering reliable services and pioneering solutions for the energy sector.
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SBM Offshore completes the repurchase of 50,000 shares under a share repurchase program, totaling EUR 657,121 at an average price of EUR 13.14 per share. The company aims to meet obligations from management and employee share programs.
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SBM Offshore announces a EUR65 million share repurchase program to reduce share capital. The program aims to cancel all repurchased shares by the end of 2024. The company will execute the program under safe harbor provisions and inform the market weekly. SBM Offshore is a leading offshore energy facilities provider focusing on a responsible energy transition.
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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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FAQ
What is the current stock price of Sbm Offshore (SBFFF)?
The current stock price of Sbm Offshore (SBFFF) is $20.55 as of February 20, 2025.
What is the market cap of Sbm Offshore (SBFFF)?
The market cap of Sbm Offshore (SBFFF) is approximately 3.2B.
What is SBM OFFSHORE NV ORD's core business?
SBM OFFSHORE specializes in providing floating production and mooring systems for the offshore oil and gas industry.
What are some recent achievements of SBM OFFSHORE NV ORD?
SBM OFFSHORE has recently secured major contracts, expanded its fleet, and invested in technology advancements.
How does SBM OFFSHORE NV ORD ensure safety in its operations?
SBM OFFSHORE prioritizes safety in its operations through stringent protocols, training programs, and continuous improvement initiatives.
What is SBM OFFSHORE NV ORD's global presence like?
SBM OFFSHORE has a strong global presence, with operations and projects spanning across various regions.
What sets SBM OFFSHORE NV ORD apart in the industry?
SBM OFFSHORE stands out in the industry due to its focus on sustainability, innovation, and efficiency in delivering offshore solutions.
How does SBM OFFSHORE NV ORD contribute to the energy sector?
SBM OFFSHORE contributes to the energy sector by offering reliable services, pioneering technology, and strategic partnerships.
What is the financial condition of SBM OFFSHORE NV ORD?
SBM OFFSHORE maintains a strong financial position, backed by a history of successful projects and sustainable growth.
How does SBM OFFSHORE NV ORD approach sustainability?
SBM OFFSHORE is committed to sustainability through eco-friendly practices, reducing environmental impact, and promoting responsible operations.
What are some of SBM OFFSHORE NV ORD's key partnerships?
SBM OFFSHORE collaborates with key partners in the industry to drive innovation, enhance capabilities, and deliver value to clients.
What technologies is SBM OFFSHORE NV ORD investing in?
SBM OFFSHORE invests in cutting-edge technologies to improve operational efficiency, enhance safety standards, and drive industry advancements.
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