Seadrill Announces Completion of Delisting of Shares on Oslo Stock Exchange

Rhea-AI Summary

Seadrill (NYSE: SDRL) has announced the completion of its share delisting from the Oslo Stock Exchange. This strategic move marks a significant change in the company's trading landscape. Despite this delisting, Seadrill's shares will continue to be listed on the New York Stock Exchange under the ticker symbol 'SDRL'. This decision potentially streamlines Seadrill's market presence, focusing on a single major exchange. For investors seeking more details about this development, additional information is available on the investor relations section of Seadrill's official website, www.seadrill.com.

Positive

• Continued listing on the New York Stock Exchange maintains strong market presence
• Potential for streamlined operations and reduced compliance costs by focusing on a single exchange

Negative

• Reduced access for European investors due to delisting from Oslo Stock Exchange
• Potential decrease in trading liquidity with the removal of a major trading venue

Insights

Financial Analyst

Seadrill's delisting from the Oslo Stock Exchange marks a significant shift in its investor base and trading dynamics. This move likely aims to streamline operations and reduce compliance costs associated with dual listing. However, it's important to note potential implications:

• Reduced liquidity for European investors, potentially impacting share price volatility
• Simplified regulatory environment, focusing on NYSE requirements
• Possible shift in investor demographics, with increased focus on U.S. markets

While the immediate financial impact may be , long-term effects on stock performance and investor relations should be monitored closely. This strategic decision reflects Seadrill's evolving global positioning in the offshore drilling market.

Market Research Analyst

Seadrill's Oslo delisting signals a strategic pivot towards the U.S. capital markets. Key points to consider:

• Potential for increased U.S. institutional investor interest
• Reduced exposure to Norwegian market fluctuations
• Alignment with industry peers primarily listed on major U.S. exchanges

This move may be part of a broader strategy to enhance Seadrill's global market position and attract a different investor profile. However, it's essential to monitor how this affects the company's visibility among European investors and its ability to raise capital in diverse markets. The long-term impact on stock valuation and trading volume will be critical indicators of this strategy's success.

HAMILTON, Bermuda--(BUSINESS WIRE)-- Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) announced today that it has completed the delisting of its shares on the Oslo Stock Exchange. The Company’s shares will remain listed on the New York Stock Exchange under the symbol “SDRL”. Additional information about the delisting can be found on the investor relations portion of the Company’s website, www.seadrill.com.

About Seadrill
Seadrill is setting the standard in deepwater oil and gas drilling. With its modern fleet, experienced crews, and advanced technologies, Seadrill safely, efficiently, and responsibly unlocks oil and gas resources for national, integrated, and independent oil companies. For further information, visit www.seadrill.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240909383103/en/

Lydia Brantley Mabry

Director of Investor Relations

ir@seadrill.com

Source: Seadrill Limited

FAQ

Why did Seadrill (SDRL) delist from the Oslo Stock Exchange?

Seadrill (SDRL) has not provided specific reasons for delisting from the Oslo Stock Exchange in this press release. However, companies often delist to reduce compliance costs, streamline operations, or focus on a primary market.

Will Seadrill (SDRL) shares still be tradable after delisting from Oslo Stock Exchange?

Yes, Seadrill (SDRL) shares will remain tradable. The company's shares will continue to be listed on the New York Stock Exchange under the symbol 'SDRL'.

How can investors find more information about Seadrill's (SDRL) delisting process?

Investors can find additional information about Seadrill's (SDRL) delisting process on the investor relations section of the company's official website, www.seadrill.com.

When did Seadrill (SDRL) complete its delisting from the Oslo Stock Exchange?

The press release indicates that Seadrill (SDRL) has completed the delisting of its shares from the Oslo Stock Exchange as of the announcement date. However, the specific completion date is not mentioned in the provided information.