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Seadrill Limited - SDRL STOCK NEWS

Welcome to our dedicated page for Seadrill news (Ticker: SDRL), a resource for investors and traders seeking the latest updates and insights on Seadrill stock.

Seadrill Limited (SDRL) is a leading offshore drilling contractor, providing crucial services to the oil and gas industry. The company specializes in owning and operating a diverse fleet of drilling units, including drillships, semi-submersible rigs, and jack-up rigs. These units are designed to operate in environments ranging from shallow to ultra-deepwater, and in both benign and harsh conditions.

Seadrill's operations are spread across key geographical segments such as the United States, Brazil, Angola, Norway, and others, with the bulk of its revenue generated from the United States market. The company's advanced drilling units are equipped with state-of-the-art technology to ensure efficient and safe operations, thereby maintaining a competitive edge in the offshore drilling sector.

In recent developments, Seadrill has successfully secured multiple contracts that emphasize its strong market position. The company continuously works on enhancing its operational efficiency and maintaining robust financial health to ensure sustainable growth. Strategic partnerships and collaborations with major oil and gas companies further bolster its market presence.

Seadrill's commitment to safety and environmental sustainability are central to its operations. The company adheres to stringent safety protocols and invests in environmentally friendly technologies to minimize its ecological footprint. This focus not only ensures compliance with regulatory standards but also strengthens its reputation among stakeholders.

For investors and stakeholders looking to stay updated with the latest news and developments, Seadrill's performance, contract wins, and financial updates are regularly published on platforms such as StockTitan. Staying informed about these updates is crucial for making well-informed investment decisions and understanding the company's trajectory in the dynamic oil and gas industry.

Rhea-AI Summary
Seadrill Limited (SDRL) reported Q3 2023 results, delivering $151M Adjusted EBITDA on $414M revenue, with a 36.5% Adjusted EBITDA Margin and net income of $90M. The company refinanced secured debt, initiated a $250M shareholder return program, and increased share repurchase authorization to $500M. Contracted for West Neptune and West Vela in the U.S. Gulf of Mexico. Full year 2023 Adjusted EBITDA guidance raised to $485M - $505M.
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Seadrill Limited (NYSE & OSE: SDRL) held its 2023 Annual General Meeting in Bermuda, where audited financial statements for 2022 were presented. Shareholders passed resolutions to determine the number of Directors, re-elect current Directors, appoint PricewaterhouseCoopers LLP as the auditor, and approve the Management Incentive Plan.
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Seadrill Limited will report its third quarter 2023 results on November 27 and hold a conference call on November 28 to discuss the results.
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Seadrill Limited approves amended management incentive plan, aligning interests of eligible participants with shareholders. Restated Plan limited to 2,910,053 common shares. Awards made on Sep 25, 2023, include 125,841 TRSUs and 293,629 PRSUs. Vested TRSUs and PRSUs can be settled in cash or common shares.
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Seadrill Limited changes the date of its Annual General Meeting of Shareholders from November 16, 2023, to November 17, 2023.
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Seadrill announces share repurchase program of up to $250 million
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Seadrill announces date of Annual General Meeting of Shareholders on November 16, 2023.
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Seadrill Limited reported strong second quarter 2023 results with $414 million in total operating revenues and $159 million of Adjusted EBITDA. The company closed the Aquadrill transaction, issued new debt, and executed a new revolving credit facility. They also initiated a shareholder return program with a share repurchase authorization of up to $250 million.
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Seadrill Limited and its subsidiary Seadrill Finance announced the pricing of their offering of $75 million in aggregate principal amount of 8.375% Senior Secured Second Lien Notes due 2030. The Incremental Notes will have the same terms as the $500 million Original Notes. The net proceeds will be used for general corporate purposes and to pay certain fees and expenses.
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FAQ

What is the current stock price of Seadrill (SDRL)?

The current stock price of Seadrill (SDRL) is $38.82 as of November 1, 2024.

What is the market cap of Seadrill (SDRL)?

The market cap of Seadrill (SDRL) is approximately 2.5B.

What services does Seadrill Limited provide?

Seadrill Limited provides offshore drilling services to the oil and gas industry, specializing in the operation of drillships, semi-submersible rigs, and jack-up rigs.

Where does Seadrill Limited generate most of its revenue?

Seadrill Limited generates the majority of its revenue from its operations in the United States.

What types of drilling units does Seadrill operate?

Seadrill operates a diverse fleet of drilling units including drillships, semi-submersible rigs, and jack-up rigs.

In which locations does Seadrill operate?

Seadrill operates in the United States, Brazil, Angola, Norway, and other regions.

How does Seadrill ensure the safety of its operations?

Seadrill adheres to stringent safety protocols and invests in advanced safety technologies to ensure the safety of its operations.

What recent achievements has Seadrill made?

Seadrill has secured multiple new contracts, reflecting its strong market position and operational efficiency.

How does Seadrill address environmental sustainability?

Seadrill invests in environmentally friendly technologies and adheres to stringent environmental protocols to minimize its ecological footprint.

Who are Seadrill's major partners?

Seadrill collaborates with major oil and gas companies to enhance its market presence and operational capabilities.

Where can I find the latest news and updates about Seadrill?

The latest news and updates about Seadrill can be found on platforms such as StockTitan.

What is Seadrill's primary business focus?

Seadrill's primary focus is on providing offshore drilling services, owning and operating a fleet of advanced drilling units.

Seadrill Limited

NYSE:SDRL

SDRL Rankings

SDRL Stock Data

2.54B
67.76M
0.01%
85.8%
6.28%
Oil & Gas Drilling
Energy
Link
United States of America
Hamilton