SBM Offshore climbs on guidance hike, Exxon vessel purchase option in 2026

SBM Offshore NV

13/11/2025 08:56

** Shares in SBM Offshore SBMO.AS climb 5.7% after the Dutch oil and gas services company slightly upgraded its guidance for the second time this year and reported a 26% y/y rise in Q3 directional revenue

** The company increased its 2025 EBITDA guidance to $1.65 billion from above $1.60 billion earlier, while saying ExxonMobil Guyana may exercise its purchase option for one floating production, storage and offloading (FPSO) vessel in Q1 2026

** "We view this as a broadly positive release, particularly with Exxon’s announcement" regarding the purchase option, Bernstein analyst Guillaume Delaby says in a note

** Shares rise as much as 7.1% and hit 23.96 euros, their highest price since 2008

** Including Thursday's rise, the stock has gained 39.5% YTD​

(1 euro = $1.1662)

(Reporting by Hugo Lhomedet)

((Hugo.Lhomedet@thomsonreuters.com;))