Seadrill Lands Two Drillship Contracts in Brazil, Boosts Order Backlog
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Seadrill has secured two new drillship contracts in Brazil, adding approximately $1 billion to its order backlog. This development is expected to enhance Seadrill's earnings and free cash flow by 2026.
December 26, 2024 | 7:30 pm
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Seadrill's new contracts in Brazil add $1 billion to its order backlog, potentially boosting earnings and free cash flow by 2026.
The addition of $1 billion to Seadrill's order backlog from new contracts in Brazil is a significant positive development. It indicates future revenue growth and potential increases in earnings and free cash flow, which are likely to positively impact the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100