78.55
-1.53%
Close of 9 Nov 2026, in USD
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About Valaris
From its filings with the US Securities and Exchange Commission
Valaris is based in Hamilton. Its shares trade on NYSE under the ticker VAL. The SEC classifies its business as drilling oil & gas wells. In the fiscal year to 31 December 2025, it reported revenue of $2.37bn and net income of $982.8m. At that date it held total assets of $5.30bn and shareholders' equity of $3.17bn.
We are a leading provider of offshore contract drilling services to the international oil and gas industry with operations in almost every major offshore market across six continents. Our fleet of offshore drilling rigs is among the largest in the world and includes one of the highest specification ultra-deepwater fleets, as well as a leading premium jackup fleet. As of February 20, 2026, we own 46 rigs, including 13 drillships, two semisubmersible rigs, 31 jackup rigs and a 50% equity interest in ARO, our 50/50 unconsolidated joint venture with Saudi Aramco, which owns an additional nine rigs.
Our customers include many of the leading international and government-owned oil and gas companies, in addition to many independent operators. We are among the most geographically diverse offshore drilling companies with global operations. The markets in which we operate include the Gulf of America, South America, the North Sea, the Mediterranean, the Middle East, Africa and Asia Pacific.
We provide drilling services on a day rate contract basis. Under day rate contracts, we provide an integrated drilling service that includes the provision of a drilling rig and rig crews for which we receive a daily rate that may vary between the full rate and zero rate throughout the duration of the contractual term, depending on the operations of the rig. We also may receive lump-sum fees or similar compensation for the mobilization, demobilization and capital upgrades of our rigs.
Quoted from its 10-K, filed 20 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Energy
- Industry
- Energy Equipment & Services
- Listed since
- 3 May 2021
- Employees
- 5,070
- Website
- valaris.com ↗
- Head office
- RICHMOND HOUSE, HAMILTON, HM 08
- Classification
- Drilling Oil & Gas Wells
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Ms. Elizabeth LeykumIndependent Chairman of the Board$474,776
- Mr. Anton DibowitzPresident, Chief Executive Officer, Director, since 2021$7.8m
- Mr. Christopher WeberChief Financial Officer, Senior Vice President$3.1m
- Mr. Gilles LucaChief Operating Officer, Senior Vice President$3.2m
- Mr. Davor VukadinSenior Vice President, General Counsel, Secretary, since 2022$2.0m
- Mr. Matthew LyneSenior Vice President, Chief Commercial Officer$3.1m
- Mr. Dick FagerstalIndependent Director$346,878
- Mr. Joseph GoldschmidIndependent Director$334,313
- Ms. Catherine HughesIndependent Director$335,947
- Mr. Kristian JohansenIndependent Director$297,468
- Mr. Tim RichardsonDirector – Investor Relations, since 2022
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 79
- Environment
- 95
- Social
- 72
- Governance
- 70
- Direct emissions (scope 1)
- 766,180 t
- Energy emissions (scope 2)
- 2,626 t
- Value chain emissions (scope 3)
- 1,473,103 t
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Valaris operates a diverse rig fleet including ultra-deepwater drill ships and semisubmersibles.
- Valaris serves six continents with unmatched geographic presence in offshore drilling.
- Valaris has strong customer relationships with integrated energy companies and national oil companies.
Weaknesses
- Valaris has a workforce of 5070 employees across its global operations.
- Valaris operates through four segments including Floaters and Jackups.
- Valaris provides services in all water depths with unmatched scale.
Opportunities
- Valaris serves the international oil and gas industry with offshore contract drilling services.
- Valaris has a presence in the Energy sector with a focus on offshore drilling.
- Valaris is listed on the market since 3 May 2021.
Threats
- Valaris faces competition in the offshore drilling market from other service providers.
- Valaris operates in the volatile oil and gas industry with fluctuating demand.
- Valaris must navigate regulatory changes in the Energy sector.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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