Diamond Offshore Reports First Quarter 2003 Earnings

Diamond Offshore Drilling Inc. reported a net loss of $21.6 million, or $0.17 per share on a diluted basis, on revenues of $146.1 million for the first quarter of 2003, compared to net income of $22.6 million, or $0.17 per share on a diluted basis, on revenues of $201.6 million for the first quarter of 2002.

As of March 31, 2003, there were 130.3 million shares of common stock outstanding. Depending on market conditions, the Company may, from time to time, purchase shares of its outstanding common stock in the open market or otherwise.

Diamond Offshore is a leader in deep water drilling. The Company's fleet of 47 offshore drilling rigs consists of 32 semisubmersibles, 14 jack-ups and one drillship. The fleet operates in the waters of six of the world's seven continents.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


Brent Crude Oil : $54.16/BBL 0.44%
Light Crude Oil : $51.37/BBL 0.56%
Natural Gas : $3.37/MMBtu 2.12%
Updated in last 24 hours