Seadrill: We'll exit the downturn a stronger company

Drilling company Seadrill, which has received a severe beating on the stock exchange this fall and winter, managed to improve its operating result in the fourth quarter. The company expects to benefit from the current downturn in the market.
Photo: Seadrill
Photo: Seadrill
BY LOUISE VOGDRUP-SCHMIDT

John Fredriksen's drilling company Seadrill managed to grow its operating result 17 percent in the fourth quarter 2014, compared to the same period the year before, in spite of a depressed oil market. The fourth quarter operating result (EBITDA) came to USD 897 million, according to the financial report, published Thursday. Revenue finished at USD 1.261 billion in the quarter, slightly lower than USD 1.293 billion in the same period 2013.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now


Further reading