Seadrill Limited (SDRL) - Second Quarter 2020 Results
Hamilton, Bermuda, August 25, 2020 - Seadrill Limited (“Seadrill” or "the Company") (OSE:SDRL, OTCQX:SDRLF), a world leader in offshore drilling, announces its second quarter results for the period ended June 30, 2020. Highlights · Technical utilization[1] of 97% and economic utilization[2] of 91% · Revenue down 14% at $277 million due to lower management contract revenues · Operating Loss of $88 million · Adjusted EBITDA[3] of $35 million, representing 12.6% margin · Net loss attributable to shareholders of $181 million, equivalent to net loss per share of $1.80 ·