Petrofac chief financial officer acquires 20,000 shares
Tim Weller, the chief financial officer of Petrofac, has acquired 20,000 shares in the oil and gas group.
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9,120.00p
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Petrofac Ltd.
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16:49 26/04/24
The director spent 510.50p on each of shares, giving the deal a total trade value of £206,606.
The transaction takes Weller's stake in the company to 77,068.
It comes just a few weeks after the explorer reported a decline in revenues to $2.5bn over the six months ended on 30 June. Operating profits on an EBITDA basis were off by 16% to $340m.
Engineering, construction, operations and maintenance order intake stood at $7.2bn for the first half, raising the backlog 35% to $20.3bn, "giving very good revenue visibility for the rest of the year".
On a net basis profits were down 44% to $136m.
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