Transocean

Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Transocean reports robust Q4 earnings, eyes growth in global markets

Transocean's strong financial performance, strategic investments, and global contract wins position it well for growth despite cost pressures and operational constraints. The company's focus on simplifying its balance sheet and leveraging advanced drillship capabilities underscore its commitment to long-term success in the offshore drilling industry.

Transocean excels in Q1 2023, eyes growth in harsh environments

Transocean's Q1 performance reflects strong financials and market sustainability, supported by a robust backlog and strategic contract wins. While facing challenges in Norway and industry reactivation pace, the company is well-positioned to capitalize on opportunities in high-demand regions and innovative asset utilization.

Transocean reports solid Q2 performance amidst market opportunities

Transocean's Q2 2023 performance showed strong backlog growth and financial resilience.
The company's focus on top assets and long-term contracts positions it well for market improvements.
Challenges include cost management and potential regulatory impacts.
Opportunities lie in increasing demand, market up cycle, and strategic fleet decisions.

Transocean reports robust Q3 results, eyes revenue growth in 2024

Transocean's Q3 performance reflects strength in backlog growth and contract wins, despite challenges in contract lead times and market uncertainties. The company aims for revenue growth in 2024, focusing on long-term contracts and operational efficiency.

Transocean reports robust Q4 earnings and optimistic outlook for growth

Transocean's Q4 performance reflects financial resilience and operational excellence, supported by a strong backlog and strategic financial decisions. While challenges exist in a competitive market, the company's focus on efficiency and long-term contracts presents promising opportunities for sustained success.

Transocean reports solid Q1 performance and eyes growth opportunities

Transocean's Q1 performance showcases resilience amid operational challenges, with a focus on safety, efficiency, and long-term growth. The company's strategic initiatives and positive market outlook position it well to capitalize on increasing demand for deepwater rigs and drive future profitability.

Transocean reports solid Q2 performance, eyes offshore market growth

Transocean's Q2 2024 performance reflects operational stability and strategic contract wins, despite facing challenges in managing costs and profitability.
The company's focus on maximizing shareholder value and reducing debt aligns with efforts to improve financial health and balance sheet strength.
With opportunities in offshore drilling market growth and regional expansions, Transocean remains positioned for long-term success and revenue growth.

Transocean reports solid Q3 performance and bullish outlook for deepwater

Transocean delivered strong financial results in Q3 2024 and has a robust contracting outlook for the future.
Despite challenges related to blowout preventers, the company's focus on optimization and confidence in market demand are key strengths.
Opportunities for growth lie in the company's solidly booked fleet and strategic positioning in the deepwater drilling market.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Transocean (RIG) delivered earnings and revenue surprises of 100.00% and 22.89%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Transocean (RIG) Reports Break-Even Earnings for Q2

STEINHAUSEN, Switzerland, July  29, 2020  (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported a net loss attributable to controlling interest of $497 million, $0.81 per diluted share, for the three months ended June 30, 2020.

Transocean Ltd. Reports Second Quarter 2020 Results

Baker Hughes Co

Devon Energy

Diamondback Energy

Halliburton

Schlumberger

With oil prices recovering gradually, most analysts opine that the decline in weekly rig count will narrow down further.

US Oil & Gas Rig Tally Hits Record Lows for 11 Straight Weeks

Transocean (RIG) aims to trim 110 personnel from those working on Discoverer Inspiration, an ultra-deepwater drillship operating in international waters off the Gulf of Mexico.

Crude Woes: Transocean to Make 110 Employees Redundant

US Oil & Gas Rig Tally Hits Record Lows for 10 Straight Weeks

STEINHAUSEN, Switzerland, July  09, 2020  (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the second quarter of 2020, after markets close on Wednesday, July 29, 2020.

Transocean Ltd. Announces Second Quarter 2020 Earnings Release Date

The offshore driller enjoyed a bounce-back month.

Why Transocean's Stock Surged 37% in June

US Oil & Gas Rig Tally Hits All-Time Lows for 9 Straight Weeks

With oil prices recovering gradually, most analysts opine that the decline in the tally of monthly rig will narrow down further.

U.S. Rig Count Declines for the Fourth Consecutive Month

Shares of Transocean LTD (NYSE: RIG) traded slightly higher on Wednesday, but the stock has been among the worst performers in the market so far in 2020.

Transocean Option Trader Bets $1.3M On Near-Term Downside

Diamond Offshore Drilling Inc

If the crude price recovery sustains, since more people are getting back to work on easing lockdown measures, many explorers will consider adding rigs in oil plays.

US Oil & Gas Rig Tally Hits Record Lows for 8 Straight Weeks

US Oil & Gas Rig Tally at Record Low for 7 Straight Weeks

QEP Resources

W&T Offshore

Explorers and producers may again start adding rigs in shale plays if oil sustains recovery.

US Oil & Gas Rig Tally Hits Record Lows for 6 Straight Weeks

APA Corporation

Matador Resources

Murphy Oil

Oil States International

Occidental Petroleum

Exxon Mobil

Inventories of just about everything related to crude oil are going up again, and demand is still way down.

7 Oil Stocks Getting Hammered on This Bad News

Borr Drilling Ltd

Ensco

Nabors Industries

Noble Corp PLC

Yesterday's near-euphoric rally sent some oil stocks soaring, but today is a sobering reminder of the realities of the market.

These Oil Stocks Are Crashing After Yesterday's Big Rise

Baker Hughes

Patterson-UTI Energy

Seadrill Ltd

Oil drilling stocks are absolutely crushing it today, and could be getting way ahead of the fundamentals of the oil patch.

These Oil Stocks Are Rocketing Higher Today on Big OPEC+ Deal

Enterprise Products Partners

Kinder Morgan

Energy Select Sector SPDR Fund

Investors were definitely exuberant Friday, but are they being irrational?

Energy Stocks Lift Stock Markets Toward New Highs

Helmerich & Payne

SPDR S&P 500 ETF Trust

Controladora Vuela Cia de Aviacion SAB de CV

Rising oil prices, positive jobs data, and expectations OPEC+ will extend production cuts have investors betting that the worst is over.

Why Oil Drilling Stocks Are Gushing Higher Today

Helix Energy Solutions Group

Oceaneering

Valaris Ltd

A positive report about one vaccine candidate, a major central bank figure sparking optimism the Fed has more weapons at its disposal, and word out of China that oil consumption is on the rise all have investors buying.

3 Reasons These 6 Offshore Oil Stocks Are Up Big Today

Chesapeake Energy

Denbury Resources

Northern Oil and Gas

Just because oil prices have started going up doesn't mean the worst is over for these companies.

5 Experts Predict the Next Oil Stocks That Could Go Bankrupt

Almost all of the publicly traded companies in it are at risk of bankruptcy this year.

The Oil Stock Subsector That Turned $10,000 Into $77

Gulfport Energy Corp

The petroleum sector is drowning in its own product, and these companies in particular are struggling to stay afloat.

News for Transocean Stock (RIG)