SOC Subsea 7 S.A.

Subsea 7 S.A. - 4Q24 earnings call notification

Subsea 7 S.A. - 4Q24 earnings call notification

Luxembourg –17 January 2025 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) will publish its fourth quarter results for the period ended 31 December 2024 on 27 February 2025 at 07:00 GMT / 08:00 CET.

A conference call and simultaneous webcast for the investment community will be held on 27 February 2025 at 12:00 GMT / 13:00 CET.

From 07:00 GMT / 08:00 CET the results announcement and the presentation to be reviewed on the call will be available on Subsea7.com

Webcast/replay:

Dial-in:

A financial results calendar for 2025 is available at

*******************************************************************************

Subsea7 creates sustainable value by delivering the offshore energy transition solutions the world needs.

Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.

*******************************************************************************

Contact:

Katherine Tonks

Head of Investor Relations

Subsea 7 S.A.

Tel 8

Attachment



EN
17/01/2025

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Subsea 7 S.A.

ABGSC Energy Research ... (+7)
  • ABGSC Energy Research
  • Daniel Vårdal Haugland
  • Haakon Amundsen
  • John Olaisen
  • Njål Kleiven
  • Oliver Dunvold
  • Stian Wibstad
ABGSC Oil & Oil Services Research ... (+3)
  • ABGSC Oil & Oil Services Research
  • Haakon Amundsen
  • Njål Kleiven
Martin Huseby Karlsen
  • Martin Huseby Karlsen

Offshore spending plateauing

After reviewing major oil companies’ most recent spending plans, we estimate offshore spending growth of c3% YOY in 2025 (down from c5% late last year and c8% six months ago). We believe a combination of supply-chain bottlenecks, efficiency gains, and capital discipline among oil companies are the main reasons for spending growth fading, resulting in a mid-cycle plateau. On the flip side, the cycle keeps building duration, as we see investments being pushed into 2026–2027. Also, activity levels ...

ABGSC Energy Research ... (+7)
  • ABGSC Energy Research
  • Daniel Vårdal Haugland
  • Haakon Amundsen
  • John Olaisen
  • Njål Kleiven
  • Oliver Dunvold
  • Stian Wibstad
Martin Huseby Karlsen
  • Martin Huseby Karlsen

Slow start to 2025 for offshore, but cycle duration highlighted

SLB said on its recent Q4 earnings call that it expects flat global upstream spending YOY in 2025, while Halliburton guided for flat group revenue. Both expect offshore activity to improve as the year progresses, based on numerous FIDs late-2025 and into 2026 – but implying a slow start to the year. These comments mirror feedback we have had from industry sources, although we are already seeing offshore drilling campaigns slipping towards the end of 2026, or even into 2027. Hence, their comments...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch