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

|About: Seadrill Limited (SDRL)|By:, SA News Editor

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.