Net income

Net Income Directional (in millions of US$)

Weighted Average Earnings Per Share Directional (in US$)

Directional¹ consolidated net income for 2016 was US$ 24 million, stable compared to 2015. Adjusted for non-recurring items, 2016 underlying consolidated Directional net income attributable to shareholders stood at US$ 150 million and a decrease by US$ 30 million from the previous year period, mainly attributable to lower Turnkey segment activity.

Net Income IFRS (in millions of US$)

Weighted Average Earnings Per Share IFRS
(in US$)

After IFRS non-controlling interests of US$ 65 million included in 2016 net income and related to reported results from fully consolidated joint ventures where the Company has a minority partner (principally Brazilian FPSOs, Aseng and Turritella), IFRS net income attributable to shareholders amounted to US$ 182 million compared to US$ 29 million in 2015.