Finance News

Kraken Robotics Inc. announces a financial update for the year ended December 31, 2022. While audited results will not be released until April, non-audited preliminary results show that company has met the mid-point of the $38 million to $42 million revenue guidance for 2022. This represents more than 50% top line growth year over year. Kraken also expect to be within the range of EBITDA guidance, previously announced at $5 to $7 million.

Unique Group, global innovators in subsea technologies and engineering, has announced a 30% growth in revenue reflecting a strong financial performance in 2022. It has also invested 5 million USD for Research and Development (R&D) of new technology, thus strengthening its manufacturing and product portfolio.

Aramco has announced the creation of a $1.5 billion Sustainability Fund to invest in technology that can support a stable and inclusive energy transition. It was unveiled at the sixth edition of the Future Investment Initiative (FII) and is among the largest sustainability-focused venture capital funds globally.

Equinor delivered adjusted earnings* of USD 24.3 billion and USD 6.72 billion after tax in the third quarter of 2022. Net operating income was USD 26.1 billion and the net income was reported at USD 9.37 billion.

Seadrill Limited and Aquadrill LLC, together with Seadrill, the (“Company”) have entered into a definitive merger agreement under which Seadrill will acquire Aquadrill in an all-stock transaction. Upon completion of the transaction Seadrill shareholders and Aquadrill unitholders will own 62% and 38%, respectively, of the outstanding common shares in the Company.

Chevron Corporation reports earnings of $11.2 billion ($5.78 per share - diluted) for third quarter 2022, compared with $6.1 billion ($3.19 per share - diluted) in third quarter 2021. Included in the current quarter were pension settlement costs of $177 million. Foreign currency effects increased earnings by $624 million.

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