5.17
-1.34%
Close of 9 Nov 2026, in USD
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About Transocean
From its filings with the US Securities and Exchange Commission
Transocean is based in Steinhausen, Switzerland and is incorporated in Switzerland. Its shares trade on NYSE under the ticker RIG. The SEC classifies its business as drilling oil & gas wells. In the fiscal year to 31 December 2025, it reported revenue of $3.96bn and a net loss of $2.92bn. At that date it held total assets of $15.64bn and shareholders' equity of $8.11bn.
We provide, as our primary business, contract drilling services in a single operating segment, which involves contracting our mobile offshore drilling rigs, related equipment and work crews to drill oil and gas wells. We specialize in technically demanding regions of the global offshore drilling business with a particular focus on ultra-deepwater and harsh environment drilling services. Our drilling fleet is one of the most versatile fleets in the world, consisting of drillships and semisubmersible floaters used in support of offshore drilling activities and offshore support services on a worldwide basis.
On February 9, 2026, we and Valaris entered into a Business Combination Agreement (the "Agreement") providing for the Business Combination. Pursuant to the Agreement, and on the terms and subject to the conditions thereof, we will acquire all of the issued and outstanding common shares, par value $0.01 each, of Valaris (the “Valaris Shares”) in exchange for Transocean Ltd. shares, par value $0.10 each, at an exchange ratio of 15.235 Transocean Ltd. shares for each Valaris Share.
Overview—We provide contract drilling services using our fleet of mobile offshore drilling units, including both drillships and semisubmersibles, broadly referred to as floaters. Floaters are designed to operate in locations away from port for extended periods of time and have living quarters for the crews, a helicopter landing deck and storage space for drill pipe, riser and drilling supplies.
Quoted from its 10-K, filed 23 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Energy
- Industry
- Energy Equipment & Services
- Listed since
- 19 Dec 2008
- Employees
- 5,600
- Website
- deepwater.com ↗
- Head office
- TURMSTRASSE 30, STEINHAUSEN, V8, 6312
- Incorporated in
- V8
- Classification
- Drilling Oil & Gas Wells
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Jeremy ThigpenExecutive Chairman of the Board, since 2015$10.9m
- Mr. Keelan AdamsonPresident, Chief Executive Officer, Director$5.2m
- Mr. R. Thaddeus VaydaExecutive Vice President, Chief Financial Officer$2.7m
- Mr. Brady LongExecutive Vice President, Chief Legal Officer$3.5m
- Mr. Roderick MackenzieExecutive Vice President, Chief Commercial Officer$2.9m
- Mr. Jason PackSenior Vice President, Chief Accounting Officer
- Mr. Chadwick DeatonLead Independent Director$438,140
- Mr. William LaceyDirector
- Mr. Glyn BarkerIndependent Director$337,954
- Ms. Chee Ling ChangIndependent Director$352,954
- Mr. Domenic Dell'ossoIndependent Director$324,148
- Mr. Frederico Pinheiro Fleury CuradoIndependent Director$327,954
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 38
- Environment
- 18
- Social
- 37
- Governance
- 60
- Direct emissions (scope 1)
- 889,663 t
- Energy emissions (scope 2)
- 2,288 t
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Transocean Ltd possesses several strengths that contribute to its competitive advantage:
- Transocean is among the largest offshore drilling contractors worldwide, allowing it to leverage economies of scale and attract high-profile customers.
- The company maintains a diverse and advanced fleet of drilling rigs, equipped with cutting-edge technology, enhancing operational efficiency and client satisfaction.
- With operations in various regions, Transocean has a wide geographic coverage, enabling it to tap into different markets and mitigate regional risks.
Weaknesses
- Despite its strengths, Transocean Ltd faces some weaknesses that could hinder its performance:
- The company carries a substantial debt load, which limits its financial flexibility and increases vulnerability to market downturns.
- Some of Transocean's drilling rigs are relatively old, requiring significant capital investment for maintenance and potential regulatory compliance.
- The company's profitability heavily relies on the fluctuating oil prices, exposing it to market volatility and reduced demand during industry downturns.
Opportunities
- Transocean Ltd can leverage the following opportunities to enhance its business:
- As emerging markets and technology advancements drive offshore exploration activities, Transocean can capitalize on the increasing demand for its drilling services.
- The shift towards renewable energy sources presents opportunities for Transocean to diversify its services and engage in offshore wind and other sustainable energy projects.
- Forming alliances with oil majors and national oil companies can lead to long-term contracts, steady revenues, and improved market access.
Threats
- Transocean Ltd faces various threats that could impact its operations and financial performance:
- The offshore drilling sector is highly competitive, with several major players vying for contracts, potentially pressuring pricing and reducing market share.
- Evolving regulations related to safety, environmental protection, and offshore drilling practices pose compliance challenges and additional costs.
- Global economic uncertainties, such as recessions, financial crises, or geopolitical tensions, can negatively impact the demand for oil and gas exploration, affecting Transocean's business.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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