The report highlights CGG's transition to an asset-light business model, focusing on its three core businesses: Geoscience, Multi-Client, and Equipment. CGG exited several business lines, including land and marine acquisition and multi-physics. The company announced a strategic partnership with Shearwater and a technology partnership through a new company named Sercel. CGG exited its Seabed Geosolutions JV with Fugro. CGG also signed a memorandum of understanding for the sale of its Multi-Physics business. The report also details CGG's strong financial performance and liquidity. The company achieved a positive net cash flow for the first time since 2012. In addition, the report highlights CGG's commitment to environmental and social responsibility. The company has implemented a strong HSE (Health, Safety and Environment) policy and is committed to advancing industry standards and best practices. CGG also encourages and supports its businesses, all employees and locations globally to find and take specific actions that support the health of the environment, climate, and the communities where it operates.
