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Seacrest Petroleo Bermuda (OSL:SEAPT) Retained Earnings : kr-2,319 Mil (As of Dec. 2023)


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What is Seacrest Petroleo Bermuda Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Seacrest Petroleo Bermuda's retained earnings for the quarter that ended in Dec. 2023 was kr-2,319 Mil.

Seacrest Petroleo Bermuda's quarterly retained earnings declined from Jun. 2023 (kr-2,034 Mil) to Sep. 2023 (kr-2,326 Mil) but then increased from Sep. 2023 (kr-2,326 Mil) to Dec. 2023 (kr-2,319 Mil).

Seacrest Petroleo Bermuda's annual retained earnings declined from Dec. 2021 (kr-191 Mil) to Dec. 2022 (kr-1,388 Mil) and declined from Dec. 2022 (kr-1,388 Mil) to Dec. 2023 (kr-2,319 Mil).


Seacrest Petroleo Bermuda Retained Earnings Historical Data

The historical data trend for Seacrest Petroleo Bermuda's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Seacrest Petroleo Bermuda Retained Earnings Chart

Seacrest Petroleo Bermuda Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
-18.10 -63.33 -191.18 -1,387.74 -2,318.73

Seacrest Petroleo Bermuda Quarterly Data
Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -1,387.74 -1,563.55 -2,033.64 -2,326.36 -2,318.73

Seacrest Petroleo Bermuda Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Seacrest Petroleo Bermuda  (OSL:SEAPT) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Seacrest Petroleo Bermuda (OSL:SEAPT) Business Description

Traded in Other Exchanges
Address
99 Front Street, Hamilton, BMU, HM 12
Seacrest Petroleo Bermuda Ltd is an oil and gas exploration group. The Group is engaged in oil and gas exploration, development, production, and trade activities. It has a single operating segment, which consists of oil and gas exploration and production (E&P).

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