The new Seadrill reports operating profit following long restructure

Rig company Seadrill, with strained financials after an extended downturn, reports black operating figures for the start of the year. The company came out of bankruptcy protection in February.

Photo: PR/Seadrill

Seadrill secured black operating earnings in a first quarter that saw the rig company concluding a process of bankruptcy protection, rescue plan in hand, as reported by the firm Wednesday morning.

For the first three months, Seadrill reports adjusted earnings before interest, taxes, depreciations and amortizations (EBITDA) of USD 78m and an operating profit of USD 42m.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Business profile leaves Bunker Holding

Bunker Holding loses prominent board member, who is former partner and executive in private equity firm EQT and who furthermore leaves the board in Uni-Tankers. Two new members join the board.

Further reading

Related articles

Latest news

See all jobs