Petroleum Geo-Services Unaudited Third Quarter 2007 Results

Petroleum Geo-Services announced its unaudited third quarter 2007 results under IFRS.

The company saw a record quarter with operating profit of $167.4 million, up 77.2 million (86%) from the third quarter of 2006. Revenues were $439.1 million, up $113.0 million (35%).

Petroleum Geo-Services' marine division earned a strong operating profit of $182.4 million, up $95.3 million (109%) from the third quarter 2006.

Onshore, the company experienced a disappointing operating loss of $4.2 million this quarter, compared to a profit of $11.1 million in comparison to the same time period last year. This division was negatively impacted by lower activity levels, poor weather and crew relocation.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Sales Manager - Safety Relief Valves
Expertise: Business Development|Sales
Location: Houston, TX
Accounting Analyst I Job
Expertise: Accounting|Financial Analyst
Location: Denver, CO
Specialist* Credit & Collections Job
Expertise: Accounting|Asset Management
Location: Eau Claire, WI
search for more jobs

Brent Crude Oil : $50.75/BBL 0.09%
Light Crude Oil : $47.73/BBL 0.50%
Natural Gas : $3.05/MMBtu 0.97%
Updated in last 24 hours