Seadrill Ltd beats by $0.01, beats on revs; appoints new CEO:
- Reports Q1 (Mar) earnings of $0.06 per share, $0.01 better than the Capital IQ Consensus of $0.05; revenues fell 36.1% year/year to $569 mln vs the $562.06 mln Capital IQ Consensus.
- 98% economic utilization
- Seadrill order backlog of ~$3.4 bln
New CEO
- Additionally, co announced the appointment of Anton Dibowitz as CEO with effect from July 1.
- Dibowitz is currently Chief Commercial Officer and Executive Vice President
- He will succeed Per Wullf who will remain a Director of the company
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