Seadrill Ltd
NYSE:SDRL

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Seadrill Ltd
NYSE:SDRL
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Price: 37.09 USD 0.54% Market Closed
Market Cap: 2.6B USD

Seadrill Ltd
Investor Relations

In the world of offshore drilling, Seadrill Ltd. navigates the challenging seas of oil exploration with a fleet that can weather the tides of market volatility. Founded in 2005, Seadrill has established itself as a formidable player by deploying advanced drilling units across the globe. Their operations revolve around leasing state-of-the-art semi-submersible rigs, drillships, and jack-up rigs to major oil companies, providing specialized services that allow these energy giants to tap into underwater oil reserves with precision and efficiency. Seadrill's strategic positioning stems from its innovative technology and its geographical spread, which allows the company to operate in some of the world's most challenging energy-rich environments.

The financial heart of Seadrill revolves around long-term contracts with oil companies, which offer steady and predictable revenue streams. These contracts are often lucrative, capitalizing on the high day rates negotiated based on the complexity and scope of each drilling project. By maintaining a robust fleet equipped with cutting-edge technology, Seadrill attracts top-tier clients who are willing to pay a premium for reliability and expertise in offshore drilling operations. Furthermore, the company continually invests in technological advancements and upgrades to its rigs, ensuring that it remains competitive and compliant with emerging industry standards. In this way, Seadrill merges technical prowess with strategic foresight to sustain its operations and profitability amidst the ever-changing dynamics of the energy sector.

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Earnings Calls

2024 Q3
Nov 13, 2024
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Seadrill's Q3 2024 Performance and Optimistic Outlook
2024 Q3
Nov 13, 2024

Seadrill reported a strong Q3 2024, exceeding expectations with $93 million in adjusted EBITDA. The company raised its full-year EBITDA guidance midpoint by 13% to $385 million, driven by sustained contracts in the U.S. Gulf and progress in Brazil. They've maintained 70% utilization for 2025, while also planning to optimize operations and reduce costs amidst increased competitive pressures. Seadrill is committed to returning capital to shareholders, having repurchased $692 million worth of shares, and aims for continuous cash flow generation from its ongoing contracts. The focus on maintaining a healthy balance sheet positions them well for future opportunities.

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Management

Mr. Simon William Johnson
President & CEO
No Bio Available
Mr. Marcel Wieggers
Senior Vice President of Operations
No Bio Available
Benjamin Wiseman
Corporate Finance Manager & Investor Relations
No Bio Available
Ms. Emily Li
Head of Investor Relations
No Bio Available
Mr. Todd D. Strickler J.D.
Senior VP & General Counsel
No Bio Available
Sara Dunne
Director of Communications
No Bio Available
Mr. Torsten Sauer-Petersen
Executive Vice President of Human Resources
No Bio Available
Mr. Samir Ali
Executive VP & Chief Commercial Officer
No Bio Available
Mr. John T. Roche C.F.A.
Vice President of Investor Relations
No Bio Available
David Warwick
Director of Investor Relations
No Bio Available

Contacts

Address
Hamilton
Par-La-Ville Place, 14 Par-La-Ville Road
Contacts
+14412956935.0
www.seadrill.com