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

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Earnings data Q4 2021

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Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q3 2023

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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.

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Transocean (RIG) announced that will use the proceeds from its share sale toward general corporate purposes such as refinancing its debt or capital expenditures.

Transocean (RIG) to Raise $400M Capitalizing on Meme Craze

STEINHAUSEN, Switzerland, June 16, 2021 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today the Transocean Barents was awarded a two-well contract in Norway with commencement expected in February 2022. The contract award is approximately 200 days in duration and adds an estimated $60 million in firm contract backlog.

Transocean Ltd. Announces $116 Million in Harsh Environment Contract Awards

Transocean announced that it may sell up to $400 million worth of its stock. Market's reaction was positive as the equity sale improves the liquidity outlook for the company.

Transocean: Thoughts On The Potential Equity Sale

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Baker Hughes' (BKR) data shows that the count of oil and gas rigs in the United States has increased in six of the past seven weeks.

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Transocean (RIG) will pay Jurong Shipyard 80% of the outstanding funds or roughly $350 million upon delivery of the Deepwater Titan drillship in May 2022.

Transocean (RIG) Updates Delivery Terms With Singapore Firm

Company announces favorable outcome of negotiations with shipyard and customers after delayed delivery of two newbuild drillships threatened their respective contract awards.

Transocean - Strong Buy After Company Successfully Addresses Newbuild Issues

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Global supply chain disruptions because of the pandemic continue to wreak havoc on industries.

Transocean's Chevron Deepwater Contract Is Delayed as Drillship Deliveries Are Pushed Back Again

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Baker Hughes' (BKR) data shows that the count of oil and gas rigs in the United States has declined after increasing for five straight weeks.

Here's Why US Oil & Gas Drilling Rigs Tally Has Dropped

STEINHAUSEN, Switzerland, June 07, 2021 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it has agreed with Sembcorp Marine's subsidiary, Jurong Shipyard Pte Ltd (JSPL), on the delayed delivery of the ultra-deepwater drillships Deepwater Atlas and Deepwater Titan. As part of the agreement, JSPL has agreed to accept deferred payment for both rigs.

Transocean Ltd. Announces Agreement with Shipyard to Delay Delivery, Defer Payments of Newbuild, Ultra-Deepwater Drillships

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Transocean (RIG) reported earnings 30 days ago. What's next for the stock?

Transocean (RIG) Up 18.4% Since Last Earnings Report: Can It Continue?

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Baker Hughes' (BKR) data shows that the count of oil and gas rigs in the United States has increased for five consecutive weeks.

Permian Oil Drilling Rig Tally Rises for 4 Consecutive Weeks

Baker Hughes??? (BKR) data shows that the count of oil and gas rigs in the United States has increased for four consecutive weeks.

Permian Oil Drilling Rig Tally Rises for 3 Consecutive Weeks

The shares of Transocean Ltd. have recovered to pre-Covid levels assisted by the recent surge in benchmark prices.

Pandemic Blues To Weigh On Transocean Stock

Baker Hughes' (BKR) data shows that the count of oil and gas rigs in the United States has increased for three consecutive weeks.

Permian Oil Drilling Rig Tally Rises for 2 Consecutive Weeks

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Transocean's (RIG) operating and maintenance costs in Q1 decrease to $435 million from $540 million a year ago.

Transocean (RIG) Up 16.5% Despite Wider-Than-Expected Q1 Loss

Transocean Ltd. (RIG) CEO Jeremy Thigpen on Q1 2021 Results - Earnings Call Transcript

Shares of Transocean (NYSE:RIG) fell 2.4% in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share were up 36.67% over the past year to ($0.16), which beat the estimate of ($0.18).

Transocean: Q1 Earnings Insights

STEINHAUSEN, Switzerland, May 03, 2021 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported a net loss attributable to controlling interest of $99 million, $0.16 per diluted share, for the three months ended March 31, 2021.

Transocean Ltd. Reports First Quarter 2021 Results

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Transocean (NYSE:RIG) unveils its next round of earnings this Monday, May 03. Get prepared with Benzinga's ultimate preview for Transocean's Q1 earnings.

A Preview Of Transocean's Earnings

Transocean (RIG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

News for Transocean Stock (RIG)