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Seadrill SDRL · USD

Energy · US listing · 🇺🇸 United States

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42.55

+0.83%

Close of 9 Nov 2026, in USD

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About Seadrill

From its filings with the US Securities and Exchange Commission

SEC filings

Seadrill is based in Hamilton. Its shares trade on NYSE under the ticker SDRL. The SEC classifies its business as drilling oil & gas wells. In the fiscal year to 31 December 2025, it reported revenue of $1.44bn and a net loss of $77.0m. At that date it held total assets of $3.95bn and shareholders' equity of $2.86bn.

In its own words

We are an offshore drilling contractor providing worldwide offshore drilling services to the oil and gas industry. Our primary business is the ownership and operation of drillships and semi-submersible rigs for operations in shallow to ultra-deepwater in both benign and harsh environments. We contract our drilling units to drill wells for our customers on a dayrate basis. Our customers include oil super-majors, state-owned national oil companies, and independent oil and gas companies. In addition, we provide management services to certain affiliated entities.

As of December 31, 2025, we owned a total of 15 drilling units, of which 10 were operating, one was undergoing capital upgrade projects for a contract commencing in the second quarter of 2026, one was undergoing repairs and maintenance projects and three were cold stacked. The 10 operating units include nine benign floaters (comprising six 7th generation drillships, two 6th generation drillships and one benign environment semi-submersible) and one harsh environment jackup. In addition to our owned assets, as of December 31, 2025, we managed two drilling units owned by Sonangol.

Quoted from its 10-K, filed 26 Feb 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Energy
Industry
Energy Equipment & Services
Listed since
28 Apr 2022
Employees
3,000
Head office
PARK PLACE, HAMILTON, HM 11
Classification
Drilling Oil & Gas Wells
Filer status
Large accelerated filer

Leadership

Pay as last reported

  • Ms. Julie RobertsonChairman of the Board
  • Mr. Simon JohnsonPresident, Chief Executive Officer
  • Mr. Grant CreedChief Financial Officer, Executive Vice President
  • Mrs. Sandra ReddingExecutive Vice President, General Counsel and Chief of Staff
  • Mr. Torsten Sauer- PetersenExecutive Vice President of Human Resources
  • Mr. Samir AliExecutive Vice President, Chief Commercial Officer
  • Mr. Todd StricklerSenior Vice President, General Counsel
  • Mr. Marcel WieggersSenior Vice President - Operations
  • Mr. Harry QuarlsDirector
  • Mr. Andrew SchultzDirector
  • Mr. Paul SmithDirector
  • Mr. Jonathan SwinneyDirector

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
76
Environment
81
Social
81
Governance
65
Direct emissions (scope 1)
436,501 t
Energy emissions (scope 2)
228 t
Value chain emissions (scope 3)
399,119 t
Women in the workforce
9%
Carbon reduction policy
Yes
Human rights policy
Yes

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Seadrill Ltd. operates 20 rigs including West Saturn and West Vela in key markets like Brazil and Angola.
  • The company serves major clients such as oil super-majors and state-owned national oil companies globally.
  • Its Harsh Environment and Floaters segments cover diverse offshore drilling needs across the United States and Norway.

Weaknesses

  • Seadrill Ltd. has a workforce of 3000 employees, which may limit scalability in expanding operations.
  • The firm's listing date of 28 April 2022 indicates recent market entry with limited historical performance data.
  • Seadrill's rig portfolio includes specific vessels like Sonangol Libongos and Sonangol Quenguela in Angola.

Opportunities

  • Expanding offshore drilling services in Brazil and Norway presents growth potential for Seadrill Ltd.
  • The company can leverage its presence in Angola to secure more contracts with Sonangol.
  • Seadrill Ltd. can target the United States market for increased rig utilization and revenue.

Threats

  • Seadrill Ltd. faces competition from other drilling firms in the Energy sector globally.
  • The company's reliance on oil and gas industry clients exposes it to market volatility.
  • Geopolitical risks in Angola and Norway could disrupt Seadrill's operations and contracts.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
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