2019 Financial Performance
$304mDividends and share repurchases
Our Business Model
Our clientsOur collaborative way of working helps us to develop the best solutions for our clients’ needs. We are able to lower our clients’ costs by utilising our technology, our assets and efficient work processes. Our culture ensures good performance without compromising safety.
Our shareholdersWe seek to create long-term value for our shareholders in all that we do. We have the right solutions to maintain a market-leading position. We have a disciplined approach to capital allocation and a commitment to good governance.
Our peopleOur people are the foundation of our business. Our experts, onshore and offshore, can deliver solutions around the world, leading the industry in know-how and the ability to innovate. We invest in our people, giving them opportunities to learn and grow.
SocietyWe engage with the societies we work in. Through local partnerships we create and develop local content opportunities, and contribute to the communities in which we work. With Integrity as a Value we have a zero tolerance attitude toward non-compliant business practices.
Our Business Units
Delivering across our segments
Subsea 7 structures itself around its diversified strengths, operating across three operational business units: SURF and Conventional, Life of Field and Renewables and Heavy Lifting.
Committed to operating in a safe, ethical and responsible manner
0.02 %Lost-time incident frequency rate per 200,000 hours
99Tonnes of carbon dioxide (Scope 1) produced per $1 million in revenue
0.20 %Recordable incident frequency rate per 200,000 hours worked
$4.1mOperational cost savings due to Clean Operations programme
11.8Litres of environmental spill per 200,000 hours worked
0.82 %Environmental incident frequency rate per 200,000 hours worked
4,791Number of employees completing compliance ethics