Seadrill Limited (SDRL) has released an update.
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Seadrill Limited reported a strong Q2 2024 with an operating profit of $288 million and an Adjusted EBITDA of $133 million on revenues of $375 million, signaling a robust 35.5% margin. The company successfully sold three jack-up rigs, enhancing its capital return program, and repurchased $566 million worth of shares, reducing its issued share count by over 15%. Seadrill also provided an updated outlook for 2024, expecting revenues between $1,355 million and $1,405 million, with Adjusted EBITDA of $315 million to $365 million, despite potential volatility in financial outcomes.
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