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Valaris Reports Fourth Quarter 2024 Results

1. Valaris achieved 96% fleetwide revenue efficiency in Q4 2024. 2. The company received safety awards from IADC and the Center for excellence.

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FAQ

Why Bullish?

The strong revenue efficiency indicates robust operational performance, similar to prior successful quarters that historically boosted VAL's stock.

How important is it?

The reported performance metrics directly affect investor perception and valuation of VAL's stock, making it significant.

Why Short Term?

The Q4 results can positively influence VAL's stock in the upcoming trading cycle, reflecting investor confidence.

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VAL
HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today reported fourth quarter 2024 results. President and Chief Executive Officer Anton Dibowitz said, “We continued to deliver solid operating and financial performance, achieving fleetwide revenue efficiency of 96% in the fourth quarter and 97% for the full year. We also had outstanding safety performance in 2024 and are proud to have been recognized with safety awards by both the IADC and the Center.

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