Transocean LTD (N:RIG)
Business Focus: Oil & Gas Drilling
| Sector: Energy | Industry: Oil & Gas Drilling |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | Turmstrasse 30 STEINHAUSEN 6312 |
| Tel: | 1-713-2327214 |
| Website: | https://www.deepwater.com |
| IR: | See website |
| Key People | ||
| Keelan I. Adamson President, Chief Operating Officer | Jeremy D. Thigpen Chief Executive Officer, Director | Mark-Anthony L. Mey Chief Financial Officer, Executive Vice President |
| Howard E. Davis Executive Vice President, Chief Administrative Officer, Chief Information Officer | Brady K. Long Executive Vice President, General Counsel | David A. Tonnel Senior Vice President, Chief Accounting Officer |
| Business Overview |
| Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Company's primary business is to contract its drilling rigs, related equipment and work crews on a dayrate basis to drill oil and gas wells. As of February 9, 2017, it owned or had partial ownership interests in and operated 56 mobile offshore drilling units. As of February 9, 2017, its fleet consisted of 30 floaters, seven harsh environment floaters, three deepwater floaters, six midwater floaters and 10 high-specification jackups. As February 9, 2017, it also had four ultra-deepwater drillships and five high-specification jackups under construction or under contract to be constructed. Its contract drilling services operations are spread across oil and gas exploration and development areas throughout the world. The Company's drilling fleet can be characterized as floaters, including drillships and semisubmersibles, and jackups. |
| Financial Overview |
| For the three months ended 31 March 2024, Transocean LTD revenues increased 18% to $763M. Net income totaled $98M vs. loss of $465M. Revenues reflect Brazil segment increase from $63M to $155M, United States segment increase of 5% to $370M. Net Income reflects Gain on disposal of assets, net decrease of 96% to $6M (expense), Interest Exp-Net of Capitalized decrease of 53% to $117M (expense). |
| Employees: | 5,800 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $11,761M as of Mar 31, 2024 |
| Annual revenue (TTM): | $2,946M as of Mar 31, 2024 |
| EBITDA (TTM): | $695.00M as of Mar 31, 2024 |
| Net annual income (TTM): | -$391.00M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$304.00M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $6,819M as of Mar 31, 2024 |
| Shares outstanding: | 819,579,665 as of Mar 31, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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