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 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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NEW YORK, NY / ACCESSWIRE / September 9, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Transocean Ltd. ("Transocean Ltd.

Levi & Korsinsky Announces an Investigation on Behalf of Transocean Ltd. (RIG) Shareholders Who May Have Been Affected by Fraud

NEW YORK CITY, NY / ACCESSWIRE / September 9, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Transocean Ltd. ("Transocean" or "the Company") (NYSE:RIG).

Bronstein, Gewirtz & Grossman, LLC Is Investigating Transocean Ltd.(RIG) And Encourages Stockholders to Connect

NEW YORK, NY / ACCESSWIRE / September 8, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Transocean Ltd. ("Transocean Ltd.

Transocean Ltd. (RIG) Investors with Losses are Urged to Contact Levi & Korsinsky to Discuss Their Rights

NEW YORK CITY, NY / ACCESSWIRE / September 8, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Transocean Ltd. ("Transocean" or "the Company") (NYSE:RIG).

Transocean Ltd.(RIG) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Stockholders to Contact the Firm to Learn More About the Investigation

LOS ANGELES, CA / ACCESSWIRE / September 7, 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 Looked Into For Violating Securities Laws And Stockholders With Losses Should Contact The Schall Law Firm

NEW YORK, NY / ACCESSWIRE / September 7, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Transocean Ltd. ("Transocean Ltd.

Shareholders that lost money on Transocean Ltd.(RIG) should contact Levi & Korsinsky about Securities Fraud Investigation - RIG

Crude oil prices fell by about 7% this week, causing the shares of risky oil companies to plunge. On the plus side, Sable Offshore got news that will put the company back in business by the end of the year.

Oil's Collapse Took a Toll on Energy Stocks This Week

NEW YORK, NY / ACCESSWIRE / September 6, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Transocean Ltd. ("Transocean Ltd.

Transocean Ltd. Investigation Ongoing: Contact Levi & Korsinsky About Potential Securities Fraud Allegations - RIG

LOS ANGELES, CA / ACCESSWIRE / September 6, 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 Wants Investors In Transocean Ltd. To Partake In An Inquiry Into Possible Securities Fraud

LOS ANGELES--(BUSINESS WIRE)--RIG Investors Have Opportunity to Join Transocean Ltd. Fraud Investigation with the Schall Law Firm.

RIG Investors Have Opportunity to Join Transocean Ltd. Fraud Investigation with the Schall Law Firm

Transocean Ltd. Investigated by Shareholder Rights Advocates - Investors Should Contact Levi & Korsinsky Regarding Potential Securities Law Violations - RIG

NEW YORK CITY, NY / ACCESSWIRE / September 6, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Transocean Ltd. ("Transocean" or "the Company") (NYSE:RIG).

Bronstein, Gewirtz & Grossman, LLC Announces an Investigation Against Transocean Ltd. (RIG) and Encourages Stockholders to Learn More About the Investigation

NEW YORK, NY / ACCESSWIRE / September 5, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Transocean Ltd. ("Transocean Ltd.

ATTENTION Transocean Ltd. Investors: You May Have Been Affected by Fraud- Contact Levi & Korsinsky to Discuss Your Rights

Levi & Korsinsky Reminds Transocean Ltd. Investors of the Ongoing Investigation into Potential Violations of Securities Laws - RIG

Lost Money on Transocean Ltd.(RIG)? You May Have Been Affected by Fraud- Contact Levi & Korsinsky

NEW YORK CITY, NY / ACCESSWIRE / September 5, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Transocean Ltd. ("Transocean" or "the Company") (NYSE:RIG).

Bronstein, Gewirtz & Grossman, LLC Encourages Transocean Ltd.(RIG) Investors to Inquire about Securities Investigation

RIG wins a 300-day drilling contract with Reliance Industries for the Dhirubhai Deepwater KG1 project in India, valued at approximately $123 million.

Transocean Secures $123 Million Offshore Drilling Contract in India

NEW YORK, NY / ACCESSWIRE / September 4, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Transocean Ltd. ("Transocean Ltd.

Levi & Korsinsky Reminds Shareholders of an Investigation into Transocean Ltd. (RIG) Regarding Potential Securities Fraud Allegations

NEW YORK CITY, NY / ACCESSWIRE / September 4, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Transocean Ltd. ("Transocean" or "the Company") (NYSE:RIG).

Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against Transocean Ltd.(RIG) And Encourages Investors to Reach Out

RIG plans to sell the Development Driller III and Discoverer Inspiration drillships for $342 million, aiming to reduce debt and optimize its portfolio.

Transocean to Sell Two Drillships to Optimize Asset Portfolio

STEINHAUSEN, Switzerland, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced that Reliance Industries Limited awarded a binding Letter of Award for the Dhirubhai Deepwater KG1 for six wells offshore India. The estimated 300-day program is expected to commence in the second quarter of 2026 and is estimated to contribute approximately $123 million in backlog, excluding additional services and a mobilization fee. The award also includes multiple options. If all options are exercised, the rig would remain in India through the end of 2029.

Transocean Ltd. Announces $123 Million Ultra-Deepwater Drillship Contract

On Tuesday, shares of leading offshore driller Transocean Ltd. marked new 52-week lows, likely due to a combination of perceived negative company-specific news and a selloff in crude oil. The surprise sale of two warm-stacked 6th generation floaters will result in aggregate proceeds of $342 million but also require an up to $645 million non-cash impairment charge. Essentially, the sale can be viewed as an admission to rocky market conditions for lower-specification units, as already stated by several competitors recently.

Transocean Stock: Selloff On Massive Impairment Charge Overdone -- Upgrading To Buy

Transocean's stock headed lower in early Tuesday trading, after the oil services company said it expects to book impairment charges of more than $600 million for the sale of assets.

Transocean to book charge of over $600 million for sale of some deepwater assets

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