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TRANSOCEAN LTD. REPORTS FOURTH QUARTER, FULL YEAR 2016 RESULTS
ZUG, SWITZERLAND—February 22, 2017—Transocean Ltd. (NYSE: RIG) today reported net income attributable to controlling interest of $226 million, $0.60 per diluted share, for the three months ended December 31, 2016. Other income included $39 million of royalties associated with the company’s patented dual‑activity technology.
Fourth quarter 2016 results included net unfavorable items of $13 million, or $0.03 per diluted share as follows:
These net unfavorable items were partially offset by:
After consideration of these net unfavorable items, fourth quarter 2016 adjusted net income was $239 million, or $0.63 per diluted share.
The following information was filed by Transocean Ltd. (RIG) on Thursday, February 23, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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