Seadrill Ltd

Seadrill Ltd. provides offshore drilling services. It owns and operates drillships, semi-submersibles and jack-ups. Its operating business segments include: Harsh Environment Rigs, Floaters and Jack-Up Rigs. The Harsh Environment Rigs segment operates both semi-submersibles and jack-ups that have a number of design modifications to be able to handle to weather conditions. The Floaters segment encompasses its drillships and benign environment semi-submersible rigs. The Jack-Up Rigs segment operates mobile, self-elevating drilling platforms equipped with legs that are lowered to the seabed. Seadrill was founded on May 10, 2005 and is headquartered in Hamilton, Bermuda.

Earnings data Q4 2019

Earnings data Q1 2020

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Seadrill reports robust Q1 earnings, navigates market challenges strategically

Seadrill's Q1 2024 performance reflects a strong start with revenue and EBITDA growth. The company's focus on fleet integration, contract securing, and share repurchases align with market opportunities and challenges.

Seadrill adjusts full-year guidance amidst contracting challenges and market confidence

Seadrill navigates challenges in the contracting environment by focusing on operational performance and maintaining a strong balance sheet. Revised full-year EBITDA guidance reflects updated contract start date expectations and softer rig contracting outlook.

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Seadrill Ltd. engages in the provision of offshore drilling services. It owns and operates drillships, semi-submersibles and jack-ups. It operates through the following segments: Harsh Environment, Floaters, and Jack-Up Rigs. The Harsh Environment segment operates both semi-submersibles and jack-ups that have a number of design modifications to be able to handle harsh weather conditions. The Floaters segment encompasses its drillships and benign environment semi-submersible rigs. The Jack-Up Rigs segment operates mobile, self-elevating drilling platforms equipped with legs that are lowered to the seabed. The company was founded on May 10, 2005 and is headquartered in Hamilton, Bermuda.

HAMILTON, Bermuda--(BUSINESS WIRE)--Seadrill delivered operating profit of $80 million and Adjusted EBITDA of $124 million on $367 million of revenue, for an EBITDA Margin of 33.8%.

Seadrill Announces First Quarter 2024 Results

Seadrill's (SDRL) West Capella drillship wins a one-well contract in South Korea and West Neptune drillship secures a contract extension in the U.S. Gulf of Mexico.

Seadrill (SDRL) Announces New Contracts for Two Drillships

HAMILTON, Bermuda--(BUSINESS WIRE)--Seadrill announced two new contract awards for its drillships, the West Capella and the West Neptune.

Seadrill Announces Two New Drillship Commitments

HAMILTON, Bermuda--(BUSINESS WIRE)--Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) will report its first quarter 2024 results on Tuesday, May 14 after the NYSE closes for trading. The Company will host a conference call to discuss its results on Wednesday, May 15 at 09:00 CT / 16:00 CET. Interested participants may join the call by dialing +1 (800) 715-9871 (Conference ID: 5348977) at least 15 minutes prior to the scheduled start time. The Company will webcast the call li.

Seadrill Announces First Quarter 2024 Earnings Release and Conference Call

HAMILTON, Bermuda--(BUSINESS WIRE)--March 27, 2024 -- Seadrill Limited (“Seadrill” or the “Company”) (NYSE & OSE: SDRL) today announced that it has filed its annual report on Form 20-F for the year ended December 31, 2023 (the “Annual Report”) with the U.S. Securities and Exchange Commission (the “SEC”). The Annual Report can be accessed on the website of the SEC, www.sec.gov, and is also available on the investor portion of the Company's website, www.seadrill.com. Shareholders may request.

Seadrill Limited Files its 2023 Annual Report on Form 20-F

Leading offshore driller Seadrill reported fourth quarter and full-year 2023 results in line with management's projections. While the company generated $92 million in free cash flow, margins were impacted by a material increase in operating expenses. Seadrill authorized a new $250 million share buyback program and expects a year of transition in 2024 with elevated out-of-service time and reduced profitability.

Seadrill: Prepare For Earnings Inflection Next Year, Buy

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Seadrill Limited (SDRL) Q4 2023 Earnings Call Transcript

HAMILTON, Bermuda--(BUSINESS WIRE)--February 28, 2024 -- Seadrill Limited (“Seadrill” or the "Company") (NYSE & OSE: SDRL) today reported its fourth quarter and full year 2023 results. Quarterly highlights Delivered full-year operating profit of $329 million and full-year Adjusted EBITDA(1) of $495 million, in line with guidance Reported fourth quarter Adjusted EBITDA(1) of $100 million, consistent with management expectations Secured market-leading contracts in both Brazil and the U.S. Gul.

Seadrill Announces Fourth Quarter and Full Year 2023 Results

HAMILTON, Bermuda--(BUSINESS WIRE)--February 5, 2024-- Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) will report its fourth quarter and full year 2023 results on Wednesday, February 28, 2024 after the NYSE closes for trading. The Company will host a conference call to discuss its results on Thursday, February 29, 2024 at 09:00 CST / 16:00 CET. Interested participants may join the call by dialing +1 (888) 660-6819 (Passcode: 7310670) at least 15 minutes prior to the sched.

Seadrill Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

Seadrill (SDRL) secures new contracts and a contract extension for its West Vela and West Capella drillships, while also providing an update for the West Auriga drillship.

Seadrill (SDRL) Secures New Contracts Worth $97.5 Million

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HAMILTON, Bermuda--(BUSINESS WIRE)--January 29, 2024-- Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) announces multiple contract awards totalling approximately $97.5 million in value, in addition to an update on the West Auriga. Talos Production Inc. has awarded the West Vela a contract with an estimated duration of 150 days in the U.S. Gulf of Mexico. The contract is expected to commence in the third quarter of 2024 and represents a total contract value of approximately.

Seadrill Provides Commercial Updates on West Vela, West Capella, and West Auriga

HAMILTON, Bermuda--(BUSINESS WIRE)--January 23, 2024-- Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) announces today that, in accordance with its bye-laws, the Board has confirmed the date of the Annual General Meeting of Shareholders in respect of the 2024 calendar year. The 2024 Annual General Meeting shall be held in Bermuda on April 17, 2024. A copy of the Notice of Annual General Meeting and Proxy Statement will be distributed closer to the meeting date. About Seadr.

Seadrill 2024 Annual General Meeting of Shareholders

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The expected uptick in offshore oil and gas exploration spending presents opportunities for companies such as SLB (SLB), Seadrill (SDRL) and Transocean (RIG).

Optimistic Outlook for Offshore Drilling as E&P Capex Surge

Seadrill Limited secured two major contract awards with Petrobras offshore Brazil for drillships "West Auriga" and "West Polaris" with an aggregate value of $1.1 billion thus increasing backlog by 40%. Adjusted for mobilization fees and required additional services, "clean" dayrates are estimated at $450,000 (West Auriga) and $400,000 (West Polaris) which still represent decent numbers for Brazil. Reducing 2024 expectations to account for anticipated idle time and upgrade requirements ahead of contract commencement in November but increasing 2025 projections.

Seadrill: Buy On Major Contract Awards And Material Share Repurchase Activity

HAMILTON, Bermuda--(BUSINESS WIRE)--December 22, 2023-- Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) today announced that Petrobras has awarded 1,064-day fixed-term contracts to each of the West Auriga and the West Polaris following a competitive bidding process. The contracts are expected to commence in the fourth quarter of 2024 and represent total contract value of approximately $1.1 billion, inclusive of additional services and mobilization fees. The West Auriga and.

Seadrill Announces Contracts for West Auriga and West Polaris in Brazil

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HAMILTON, Bermuda--(BUSINESS WIRE)--December 14, 2023-- As previously announced, Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) has decided to close its London, England office and consolidate its corporate office in Houston, Texas. The Company announced today that its Executive Vice President and Chief Operating & Technology Officer, Leif Nelson, will not relocate to Houston and instead will be departing Seadrill. In connection with Mr. Nelson's departure, the Company.

Seadrill Limited Announces Organizational Change

HAMILTON, Bermuda--(BUSINESS WIRE)--December 14, 2023-- Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) recently completed its $250 million share repurchase program which was announced in September 2023. As announced on November 27, 2023, the Board of Directors of the Company authorized additional share repurchases, allowing the repurchase of up to a further $250 million of its outstanding common shares. The Company is not obligated to repurchase any shares under the progr.

Seadrill Limited Initiates New Share Buy-back Program

Seadrill receives a buy rating due to attractive market fundamentals, compelling valuation, and high capital returns. Q3 results exceed expectations, with strong revenue and EBITDA performance. Seadrill announced additional share buybacks and reinforced its positive outlook on market fundamentals.

Seadrill: Investment Case Remains Compelling

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Seadrill Limited (NYSE:SDRL ) Q3 2023 Earnings Conference Call November 28, 2023 10:00 AM ET Company Participants Benjamin Wiseman - Corporate Finance Manager & Investor Relations Simon Johnson - President & Chief Executive Officer Samir Ali - Executive Vice President & Chief Commercial Officer Grant Creed - Executive Vice President & Chief Financial Officer Leif Nelson - Executive Vice President & Chief Operating and Technology Officer Conference Call Participants Greg Lewis - BTIG Eddie Kim - Barclays Fredrik Stene - Clarkson Securities Vahid Khorsand - BWS Financial Truls Olsen - Fearnley Securities Operator Good morning, and welcome to Seadrill's Third Quarter 2023 Earnings Call. All participants are in a listen-only mode.

Seadrill Limited (SDRL) Q3 2023 Earnings Call Transcript

Seadrill Ltd (NYSE:SDRL) shares traded higher in Tuesday's premarket deals, up 4.53% changing hands at $44.50, after the offshore oil and gas contractor confirmed a robust third quarter performance. The driller reported $151 million of earnings (Adjusted EBITDA) or $1.10 per share, on $414 million of revenue – exceeding Wall Street forecasts for 83 cents and $396.25 million respectively.

Seadrill share rise on third-quarter boost and guidance upgrade

HAMILTON, Bermuda--(BUSINESS WIRE)--November 27, 2023 -- Seadrill Limited (“Seadrill” or the "Company") (NYSE & OSE: SDRL) today reported its third quarter 2023 results, which reflect strong performance across the fleet as the Company continues to deliver safe and efficient drilling operations around the globe. Financial Highlights Three months ended Figures in USD million, unless otherwise indicated September 30, 2023 June 30, 2023 Total Operating Revenues 414 414 Contract Revenues 324 329.

News for Seadrill Ltd Stock (SDRL)