Dutch offshore oil services company SBM Offshore announced a 57 per cent annual surge in shareholder returns to a record $470 million on Thursday and committed to returning at least $2.1 billion to investors over the next six years.
The Amsterdam-based floating production specialist said it would pay $2.57 per share through a $200 million dividend and a $270 million share buyback programme, following strong operational performance and the early sale of its FPSO One Guyana unit to ExxonMobil.
The company's directional earnings before interest, taxes, depreciation, and amortisation stood at $1.7 billion in 2025, beating expectations of $1.65 billion by analysts polled by the company.
SBM Offshore uses directional reporting, which books revenue from construction-phase payments before leases begin.
The firm's directional order backlog fell to $31.1 billion at year-end, down from $35.1 billion a year earlier, as the early sale of FPSO One Guyana reduced future revenue expectations, partially offset by contract extensions.
(Reporting by Hugo Lhomedet and Jerome Terroy in Gdansk; Editing by Mrigank Dhaniwala)