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 (NYSE: RIG) stock price is not doing well in 2023. It has already dropped by almost 9% this year, lagging the S&P 500 and Nasdaq 100 indices that have surged to their record highs.

Transocean (RIG) stock: Technicals point to a 17% upside

Transocean (RIG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Investors Heavily Search Transocean Ltd. (RIG): Here is What You Need to Know

In the latest trading session, Transocean (RIG) closed at $5.41, marking a -0.37% move from the previous day.

Transocean (RIG) Stock Drops Despite Market Gains: Important Facts to Note

Transocean's Q4 results showed an increase in average day rates and revenue, but also higher operating & maintenance costs and negative FCF. Lowered guidance for 2024 was not the right way for the highly leveraged company to kick off the year. Transocean's debt remains a major concern, and its ability to generate free cash flow and reduce debt will be crucial for its future prospects.

Transocean: 2024 Not Off To A Good Start

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Transocean (RIG) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Here is What to Know Beyond Why Transocean Ltd. (RIG) is a Trending Stock

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Transocean (RIG) expects operating and maintenance expenses of $2.2 billion, and general and administrative expenses of $196 million for full-year 2024.

Transocean (RIG) Q4 Earnings Improve Y/Y, Sales Miss Estimates

Transocean Ltd. (NYSE:RIG ) Q4 2023 Earnings Conference Call February 20, 2024 9:00 AM ET Company Participants Alison Johnson - Director, Investor Relations Jeremy Thigpen - Chief Executive Officer Keelan Adamson - President and Chief Operating Officer Mark Mey - Executive Vice President & Chief Financial Officer Roddie Mackenzie - Executive Vice President and Chief Commercial Officer Conference Call Participants Kurt Hallead - Benchmark Fredrik Stene - Clarksons Securities Eddie Kim - Barclays David Smith - Pickering Energy Partners Noel Parks - Tuohy Brothers Operator Good day, everyone and welcome to the Q4 2023 Transocean Earnings Call.

Transocean Ltd. (RIG) Q4 2023 Earnings Call Transcript

The headline numbers for Transocean (RIG) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Transocean (RIG) Q4 Earnings: A Look at Key Metrics

STEINHAUSEN, Switzerland, Feb. 19, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported a net loss attributable to controlling interest of $104 million, $0.13 per diluted share, for the three months ended December 31, 2023.

Transocean Ltd. Reports Fourth Quarter and Full Year 2023 Results

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In the closing of the recent trading day, Transocean (RIG) stood at $5.17, denoting no change from the preceding trading day.

Transocean (RIG) Flat As Market Gains: What You Should Know

Transocean (NYSE: RIG) stock price has been in trouble as I predicted in October. It was trading at $5.70 on Thursday, down by over 35% from its highest point in 2023.

Transocean (RIG) stock price technical analysis: the plot thickens

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Transocean (RIG) closed at $5.04 in the latest trading session, marking a +1.2% move from the prior day.

Transocean (RIG) Beats Stock Market Upswing: What Investors Need to Know

STEINHAUSEN, Switzerland, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the fourth quarter and full year 2023 on Monday, February 19, 2024.

Transocean Ltd. Announces Fourth Quarter, Full Year 2023 Earnings Release Date

Strengthening the balance sheet is a top priority for the company. Deleveraging efforts have restored value to equity holders. The company has completed key transactions to improve liquidity and refinance debt.

Transocean: Improving Liquidity, Deleveraging, And Potential Profitability

The latest trading day saw Transocean (RIG) settling at $5.77, representing a +1.05% change from its previous close.

Why Transocean (RIG) Outpaced the Stock Market Today

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Transocean (RIG) concluded the recent trading session at $5.29, signifying a -1.86% move from its prior day's close.

Here's Why Transocean (RIG) Fell More Than Broader Market

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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).

News for Transocean Stock (RIG)