SUBSCRIBE
PROFILE

SBM Offshore launches €141 million share repurchase program after completing €130 million one

SBM Offshore announces the launch of its €141 million ($150 million USD) share repurchase program, following the completion of the €130 million program, as part of its strategy to reduce capital and support employee programs.

Share:

Comprehensive energy news coverage, updated nonstop

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99€/year

OTHER ACCESS OPTIONS

7-Day Pass

Up to 50 articles accessible for 7 days, with no automatic renewal

3 €/week*

FREE ACCOUNT

3 articles/month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 30,000 articles • 150+ analyses per week

On April 23, 2025, SBM Offshore revealed the successful completion of its €130 million share repurchase program, initiated in March 2024. The program involved repurchasing a total of 7,978,332 shares at an average price of €16.29 per share. This program was funded through the company’s own resources and primarily aimed at reducing its capital while supporting its management and employee share programs.

New €141 million share repurchase program

In parallel, SBM Offshore announced the commencement of a new €141 million ($150 million USD) share repurchase program, effective from April 24, 2025. The main objective of this program is to reduce capital, but it will also be used to provide shares for regular management and employee programs, for a maximum amount of $25 million USD. The remainder of the repurchased shares will be cancelled. This program is expected to be completed by February 26, 2026.

Execution of the program and repurchase conditions

The program will be executed under the terms specified in an engagement letter with a third party, in compliance with the safe harbour provisions for share repurchases. Transactions may be carried out during closed market periods. SBM Offshore will update the market on the progress of the program through weekly press releases, as well as via updates on its website.

Review of the €130 million share repurchase program

The €130 million share repurchase program was executed between March 1, 2024, and April 23, 2025. During this period, SBM Offshore repurchased a total of 7,978,332 shares. Details of these transactions, including purchase prices and volumes for each trading day, are available in the Investor Relations section of the company’s website. SBM Offshore initially announced a €65 million program in February 2024, which was later increased by an additional €65 million in August 2024.

  • Popular on energynews.pro
Clariant targeted by BP and ExxonMobil in ethylene case
Veolia and TotalEnergies sign agreement to optimise industrial resources
Clean Energy Technologies installs ORC system for global industrial manufacturer in the United States
BlackRock and Canada Pension Plan finalise $6.2bn Allete buyout with Minnesota approval
J&F Investimentos targets EDF’s thermal plant amid Brazil’s booming energy M&A
Aramco takes control of Petro Rabigh with $702 million acquisition
Aramco becomes Petro Rabigh's majority shareholder after purchasing a 22.5% stake from Sumitomo, consolidating its downstream strategy and supporting the industrial transformation of the Saudi petrochemical complex.
Chevron opens new tech hub in Bengaluru to support global projects
Chevron India expands its capabilities with a 312,000 sq. ft. engineering centre in Bengaluru, designed to support its global operations through artificial intelligence and local technical expertise.
Ineos cuts 60 jobs in the UK and calls for antidumping duties
Amid rising energy costs and a surge in cheap imports, Ineos announces a 20% workforce reduction at its Hull acetyls site and urges urgent action against foreign competition.
Mining mergers in Africa: groups strengthen their position on critical metals
Driven by growing demand for strategic metals, mining mergers and acquisitions in Africa are accelerating, consolidating local players while exposing them to a more complex legal and regulatory environment.
Ares Management acquires 49% stake in US energy portfolio from EDPR
Ares Management has acquired a 49% stake in ten energy assets held by EDP Renováveis in the United States, with an enterprise value estimated at $2.9bn.
Ameresco signs $197mn contract to modernise NRL’s energy infrastructure
Ameresco secured a $197mn contract with the U.S. Naval Research Laboratory to upgrade its energy systems across two strategic sites, with projected savings of $362mn over 21 years.
Enerflex to release Q3 results on November 6 before markets open
Enerflex Ltd. announced it will release its financial results for Q3 2025 before markets open on November 6, alongside a conference call for investors and analysts.
North Atlantic takes key step toward acquiring Esso S.A.F.
North Atlantic and ExxonMobil have signed an agreement for the sale of ExxonMobil’s stake in Esso S.A.F., a transaction subject to regulatory approvals and financing agreements to be finalised by the end of 2025.
CPP Investments injects $1 billion into AlphaGen to support AI-driven energy growth
The Canadian pension fund takes a strategic minority stake in AlphaGen, a 11 GW U.S. power portfolio, to address rising electricity demand from data centres and artificial intelligence.
Statkraft sells its district heating business for NOK3.6bn to Nordic consortium
Statkraft continues its strategic shift by selling its district heating unit to Patrizia SE and Nordic Infrastructure AG for NOK3.6bn ($331mn). The deal will free up capital for hydropower, wind, solar and battery investments.
Petronas Gas separates regulated and non-regulated activities in major reorganisation
Petronas Gas restructures its operations by transferring regulated and non-regulated segments into separate subsidiaries, following government approval to improve transparency and optimise the group’s investment management.
Marubeni creates power trading joint venture with SmartestEnergy in Japan
Marubeni Corporation has formed a power trading unit in joint venture with UK-based SmartestEnergy, targeting expansion in Japan’s fast-changing deregulated market.
Exxon to cut up to 500 jobs in Singapore as part of global restructuring
Exxon Mobil plans to reduce its Singapore workforce by 10% to 15% by 2027 and relocate its offices to the Jurong industrial site, as part of a strategic investment shift.
Phoenix Energy begins trading preferred shares on NYSE American under PHXE.P
Phoenix Energy raised $54.08mn through a preferred stock offering now listed as PHXE.P on NYSE American, with an initial dividend scheduled for mid-October.
TotalEnergies cuts investments while accelerating energy production
TotalEnergies plans to increase its energy production by 4% annually until 2030, while reducing global investments by $7.5bn amid what it describes as an uncertain economic environment.
Occidental in talks to sell OxyChem in a $10bn deal
Occidental Petroleum is considering selling its chemical subsidiary OxyChem for $10bn, a transaction that forms part of its deleveraging strategy launched after several major acquisitions.
ABO Energy considers operating its own wind and solar parks
ABO Energy is assessing a shift to independent power production by operating its own renewable parks, signalling a major strategic move in a market that has become more favourable.
Fortescue forges global industrial alliances to electrify its mining operations
Fortescue accelerates the decarbonisation of its operations by leveraging an international network of technology and industrial partners, targeting net zero at its mining sites by 2030.
Pemex approves partial debt buyback totalling $9.9bn
Mexican state-owned company Pemex confirmed the partial acceptance of bond securities under its debt repurchase offer, with a total allocation of $9.9bn, following strong oversubscription.
MET Group takes full control of Slovak subsidiary and enters Albania
Swiss energy company MET strengthens its footprint in Central and Southeast Europe with the full acquisition of MET Slovakia and the launch of a new operational subsidiary in Albania.

All the latest energy news, all the time

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access - Archives included - Pro invoice

START - 99€/year

7 DAY PASS

Up to 50 items can be consulted for 7 days,
without automatic renewal

3€/week*

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.