SBM Offshore

SBM Offshore reported a strong Q3 2025, with year-to-date directional revenue up 26% to US$3.6 billion. Full-year 2025 Directional EBITDA guidance increased to around US$1.65 billion, with revenue guidance maintained above US$5.0 billion. FPSO ONE GUYANA achieved first oil. The company’s EUR141 million share repurchase program is 71% complete. ExxonMobil Guyana may acquire FPSO ONE GUYANA in early 2026. Strategic collaborations with Cognite and SLB aim to enhance operational efficiency using AI.

SBM Offshore’s FPSO ONE GUYANA commenced production on August 8, 2025, marking its fourth and largest FPSO in Guyana. Built using the Fast4Ward® program, it boasts a 250,000 bopd capacity, 450 MMcf/d gas treatment, and 300,000 bpd water injection. With a 2 million barrel storage, it operates at 1,800m depth within the ExxonMobil-operated Stabroek block. This is SBM’s third major 2025 deployment, following FPSOs Almirante Tamandaré and Alexandre de Gusmão, boosting total capacity by 655,000 bopd.

SBM Offshore reports on its EUR141 million share repurchase program, running from April 24, 2025. As of June 4, 2025, 13.46% of the program is complete, with 1,003,324 shares repurchased at an average price of EUR 18.94. Details of recent transactions are provided, including recent repurchases. Comprehensive information is available on the company’s website.

SBM Offshore announced updates to its share repurchase program, detailing transactions from May 22 to May 28, 2025, under the EUR141 million program initiated on February 20, 2025. The company aims to reduce share capital and allocate shares for employee programs. As of May 28, 2025, 11.63% of the program is completed. Further details are available on the company’s investor relations website.