Atwood Oceanics (ATW) 8-K Results of Operations and Financial Condition

EXHIBIT 99.2

ATWOOD OCEANICS, INC. AND SUBSIDIARIES

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share amounts)

	Three Months Ended						Twelve Months Ended
	September 30,						September 30,
	2010			2009			2010			2009
REVENUES:
Contract drilling	$	160,613		$	131,044		$	650,562		$	586,507
COSTS AND EXPENSES:
Contract drilling		65,477			54,938			252,427			221,709
Depreciation		8,063			9,538			37,030			35,119
General and administrative		9,937			6,856			40,620			31,639
Other-net		(334	)		(350	)		(1,855	)		(402	)
		83,143			70,982			328,222			288,065
OPERATING INCOME		77,470			60,062			322,340			298,442
OTHER INCOME (EXPENSE)
Interest expense, net of capitalized interest		(715	)		(649	)		(2,725	)		(2,293	)
Interest income		104			25			364			282
		(611	)		(624	)		(2,361	)		(2,011	)
INCOME  BEFORE INCOME TAXES		76,859			59,438			319,979			296,431
PROVISION FOR INCOME TAXES		12,630			11,154			62,983			45,686
NET INCOME	$	64,229		$	48,284		$	256,996		$	250,745
EARNINGS PER COMMON SHARE:
Basic		1.00			0.75			3.99			3.91
Diluted		0.99			0.75			3.95			3.89
AVERAGE COMMON SHARES OUTSTANDING:
Basic		64,439			64,212			64,391			64,167
Diluted		64,951			64,786			65,028			64,493