Seadrill Limited (SDRL) has released an update.
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Seadrill Limited reported a stronger-than-expected third quarter in 2024, with an operating profit of $47 million and an increased full-year EBITDA guidance by 13% to $385 million. The company also continued its aggressive share repurchase strategy, buying back 4 million shares worth $183 million during the quarter. Despite some operating challenges, such as a 6% decrease in total operating revenues, Seadrill remains optimistic about its position in the offshore drilling industry.
For further insights into SDRL stock, check out TipRanks’ Stock Analysis page.
