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Subsea 7 (SUBC) is one of the world largest engineering and construction contractor operating in the offshore energy sector. The company's global headquarters are located in London, the UK. The company is divided into the following business segments: i-Tech Services, SURF and Conventional, and Corporate. The i-Tech Services unit is responsible for maintenance and repair activities, the SURF and Conventional segment handles engineering-related activities while the Corporate direction is engaged in the provision of renewables. The company is listed on the Oslo Stock Exchange. To learn the latest Subsea 7 share price, follow Capital.com.
The last of the Magnificent Seven have reported, delivering mixed results. Meanwhile, according to FactSet, the S&P 500 is set for negative earnings growth for Q4, with estimates for the next quarter also downgraded.
14:43, 2 February 2024
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