2021 Financial Performance
$93mDividends 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
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 towards non-compliant business practices.
While 2021 was a challenging year for our operations, we continued to mature and develop our two-pronged strategy of Subsea Field of the Future – Systems and Delivery, and Energy Transition – Proactive Participation.
Committed to operating in a safe, ethical and responsible manner
0.12Lost-time incident frequency rate per 200,000 hours worked
535,642Tonnes of scope 1 CO2 emissions
7.5 GWCumulative power capacity of renewables projects supported to end of 2021
77%% of waste reused or recycled from onshore owned sites
16Litres of environmental spill per 200,000 hours worked
1.18Environmental incident frequency rate per 200,000 hours worked
5,067Number of employees completing compliance ethics e-learning including anti-corruption
86%Percentage of suppliers with a contract that included human rights clauses