Seeking Alpha

More on Seadrill's (SDRL) Q2: Higher operating expenses masked strong revenue gains. Operating...

More on Seadrill's (SDRL) Q2: Higher operating expenses masked strong revenue gains. Operating profit for floaters, SDRL's largest segment, rose 1.2% to $345M, jack-up rigs reported a 20% rise, while tender rigs posted $78M in profit (95% increase). SDRL says it expects to continue to show solid growth in Q3. Shares +1.9% premarket.
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