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.

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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.

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Transocean owns 26 ultra-deepwater floaters and eight harsh-environment floaters. RIG has a substantial $9.3 billion backlog, positioning it well for future profitability. The industry's big news is Seadrill's potential acquisition. I believe RIG and SDRL will benefit from the transaction. For 3Q24, RIG reported $948 million in revenue and $338 million in EBITDA. YoY revenue grew by 32.9% and EBITDA by 117%.

Transocean: Improved Balance Sheet And Catalyst On The Horizon

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LOS ANGELES, CA / ACCESSWIRE / November 4, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Transocean Ltd. ("Transocean" or "the Company") (NYSE:RIG) for violations of the securities laws.

The Schall Law Firm Encourages Investor Participation In An Inquiry Into Transocean Ltd For Securities Related Infractions

LOS ANGELES, CA / ACCESSWIRE / November 3, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Transocean Ltd. ("Transocean" or "the Company") (NYSE:RIG) for violations of the securities laws.

Transocean Ltd. Is Being Investigated For Securities Fraud And Affected Shareholders Are Urged To Contact The Schall Law Firm

LOS ANGELES, CA / ACCESSWIRE / November 2, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Transocean Ltd. ("Transocean" or "the Company") (NYSE:RIG) for violations of the securities laws.

The Schall Law Firm Encourages Investor Participation In An Inquiry Into Transocean Ltd For Securities Law Violations

RIG expects fourth-quarter operating and maintenance expenses of about $585 million and G&A expenses between $50 million and $55 million.

Transocean's Q3 Earnings Improve Y/Y, Sales Beat Estimates

Leading offshore driller Transocean reported better than expected Q3/2024 results with both revenues and profitability exceeding consensus expectations. Backlog of $9.3 billion was up 7.6% on a sequential basis mostly due to a new $531 million contract for the high-specification drillship, Deepwater Invictus. Strong contract coverage will effectively shield the company from anticipated near-term weakness in deepwater activity.

Transocean: Not A Bargain, But Shielded From Near-Term Market Weakness (Rating Downgrade)

Transocean Ltd. (NYSE:RIG ) Q3 2024 Earnings Conference Call October 31, 2024 9:00 AM ET Company Participants Alison Johnson - Director of Investor Relations Jeremy D.

Transocean Ltd. (RIG) Q3 2024 Earnings Call Transcript

LOS ANGELES, CA / ACCESSWIRE / October 31, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Transocean Ltd. ("Transocean" or "the Company") (NYSE:RIG) for violations of the securities laws.

Transocean Ltd. Is Being Investigated For Securities Fraud And Shareholders With Losses Are Urged To Contact The Schall Law Firm

Transocean (RIG) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to loss of $0.36 per share a year ago.

Transocean (RIG) Reports Break-Even Earnings for Q3

STEINHAUSEN, Switzerland, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported a net loss attributable to controlling interest of $494 million, $0.58 per diluted share, for the three months ended September 30, 2024.

Transocean Ltd. Reports Third Quarter 2024 Results

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Seadrill Ltd

As offshore investment rebounds, RIG and SDRL eye a merger to leverage deepwater prospects and capitalize on the recent oil and gas discoveries.

Will Transocean and Seadrill Merge Amid Offshore Expansion?

Transocean's recent stability in fundamentals contrasts with its volatile share price, justifying a 'hold' rating despite a 24.9% drop since July. Revenue increased by 18.1% year-over-year, driven by higher daily revenue, improved rig utilization, and newbuild floaters, despite some negative impacts. The company's net loss improved from $165 million to $123 million, with EBITDA rising from $237 million to $284 million, indicating better profitability metrics.

Transocean: Management Is Keeping This Rig From Sinking

LOS ANGELES, CA / ACCESSWIRE / October 26, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Transocean Ltd. ("Transocean" or "the Company") (NYSE:RIG) for violations of the securities laws.

The Schall Law Firm Encourages Investors To Join An Inquiry Into Transocean Ltd For Securities Law Violations

STEINHAUSEN, Switzerland, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company's fleet of offshore drilling rigs.

Transocean Ltd. Provides Quarterly Fleet Status Report

The two offshore oil drilling companies have discussed how to structure a potential merger, according to a report.

Seadrill Stock Surges on Report of Transocean Merger Talks

Shares of Seadrill rallied early Thursday after a report the offshore drilling company is in talks to merge with Transocean.

Seadrill stock jumps on report of talks with Transocean

Transocean (RIG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Transocean (RIG) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

LOS ANGELES, CA / ACCESSWIRE / October 23, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Transocean Ltd. ("Transocean" or "the Company") (NYSE:RIG) for violations of the securities laws.

Transocean Ltd. Is Being Investigated For Securities Fraud And Shareholders Are Urged To Reach Out To The Schall Law Firm

STEINHAUSEN, Switzerland, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the third quarter 2024 on Wednesday, October 30, 2024.

Transocean Ltd. Announces Third Quarter 2024 Earnings Release Date

RIG lands a new contract with an undisclosed operator in the US Gulf of Mexico for the Deepwater Conqueror drillship.

Transocean Inks $193M Ultra-Deepwater Drillship Contract

LOS ANGELES, CA / ACCESSWIRE / October 21, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Transocean Ltd. ("Transocean" or "the Company") (NYSE:RIG) for violations of the securities laws.

Transocean Ltd. Is Being Investigated For Securities Fraud And Impacted Shareholders Are Urged To Contact The Schall Law Firm

LOS ANGELES, CA / ACCESSWIRE / October 20, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Transocean Ltd. ("Transocean" or "the Company") (NYSE:RIG) for violations of the securities laws.

The Schall Law Firm Encourages Investors With Losses To Join An Inquiry Into Transocean Ltd For Securities Law Violations

LOS ANGELES, CA / ACCESSWIRE / October 19, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Transocean Ltd. ("Transocean" or "the Company") (NYSE:RIG) for violations of the securities laws.

News for Transocean Stock (RIG)