Company research
Transocean Ltd.
CIK 1451505Updated Sep 24, 2026
SecurityRIG · NYSE · equity
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NYSE:RIG on TradingView ↗About the company
Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The Company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on ultra-deepwater and harsh environment drilling services and operates the highest specification floating offshore drilling fleet in the world. Transocean owns or has partial ownership interests in and operates a fleet of 27 mobile offshore drilling units, consisting of 20 ultra-deepwater floaters and seven harsh environment floaters.
In the news
Transocean Ltd. Sued for Securities Law Violations - Contact The Gross Law Firm Before February 24, 2025 to Discuss Your Rights - RIG News provided by The Gross Law Firm Feb 24, 2025, 05:45 ET Share this article Share to X Share this article Share to X NEW YORK , Feb. 24, 2025 /PRNewswire/ -- The Gr ↗
Recent filings
Regulation FD Disclosure
Items 7.01, 9.01
Regulation FD Disclosure
Items 7.01, 9.01
10-Q filing
Results of Operations and Financial Condition · Regulation FD Disclosure
Items 2.02, 7.01, 9.01
4 filing
Show 5 more recent filings
DEFA14A filing
Regulation FD Disclosure · Other Events
Items 7.01, 8.01, 9.01
Regulation FD Disclosure
Items 7.01, 9.01
4 filing
4 filing
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 15,642,000,000Source | 19,371,000,000Source | 20,254,000,000Source | 20,436,000,000Source |
| Property, Plant and Equipment, NetUSD | 12,577,000,000Source | 15,831,000,000Source | 16,941,000,000Source | 17,469,000,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 620,000,000Source | 560,000,000Source | 762,000,000Source | 683,000,000Source |
| Assets, CurrentUSD | 2,081,000,000Source | 2,452,000,000Source | 2,126,000,000Source | 2,008,000,000Source |
| Other Assets, NoncurrentUSD | 923,000,000Source | 1,043,000,000Source | 1,139,000,000Source | 890,000,000Source |
| LIABILITIES AND EQUITY | ||||
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 110,000,000Source | 87,000,000Source | 81,000,000Source | 71,000,000Source |
| Additional Paid in CapitalUSD | 15,604,000,000Source | 14,880,000,000Source | 14,544,000,000Source | 13,984,000,000Source |
| Retained Earnings (Accumulated Deficit)USD | -7,460,000,000Source | -4,545,000,000Source | -4,033,000,000Source | -3,079,000,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -146,000,000Source | -138,000,000Source | -177,000,000Source | -185,000,000Source |
| Stockholders' Equity Attributable to ParentUSD | 8,108,000,000Source | 10,284,000,000Source | 10,415,000,000Source | 10,791,000,000Source |
| Liabilities and EquityUSD | 15,642,000,000Source | 19,371,000,000Source | 20,254,000,000Source | 20,436,000,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 1,336,000,000Source | 1,663,000,000Source | 1,397,000,000Source | 1,558,000,000Source |
| Operating Lease, Liability, CurrentUSD | 8,000,000Source | 7,000,000Source | 12,000,000Source | 7,000,000Source |
| Accounts Payable, CurrentUSD | 242,000,000Source | 255,000,000Source | 323,000,000Source | 281,000,000Source |
| Operating Lease, Liability, NoncurrentUSD | 86,000,000Source | 88,000,000Source | 108,000,000Source | 100,000,000Source |
| Deferred Income Tax Liabilities, NetUSD | 404,000,000Source | 499,000,000Source | 540,000,000Source | 493,000,000Source |
| Other Liabilities, NoncurrentUSD | 582,000,000Source | 729,000,000Source | 858,000,000Source | 965,000,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | — | 1,000,000Source | 1,000,000Source | 1,000,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 343,000,000Source | 454,000,000Source | 496,000,000Source | 480,000,000Source |
| Restricted Cash and Investments, CurrentUSD | 377,000,000Source | 381,000,000Source | 233,000,000Source | 308,000,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -2,915,000,000Source | -512,000,000Source | -954,000,000Source | -621,000,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 659,000,000Source | 739,000,000Source | 744,000,000Source | 735,000,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 35,000,000Source | 47,000,000Source | 40,000,000Source | 29,000,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 30,000,000Source | 94,000,000Source | 99,000,000Source | 15,000,000Source |
| Deferred Income Tax Expense (Benefit)USD | -111,000,000Source | -42,000,000Source | 18,000,000Source | 46,000,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 749,000,000Source | 447,000,000Source | 164,000,000Source | 448,000,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -33,000,000Source | -151,000,000Source | -423,000,000Source | -757,000,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 123,000,000Source | 254,000,000Source | 427,000,000Source | 717,000,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -660,000,000Source | -350,000,000Source | 263,000,000Source | -112,000,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | -17,000,000Source | -17,000,000Source | -3,000,000Source | -8,000,000Source |
| Repayments of Long-term DebtUSD | 1,556,000,000Source | 2,103,000,000Source | 1,717,000,000Source | 554,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 56,000,000Source | -54,000,000Source | 4,000,000Source | -421,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 997,000,000Source | 941,000,000Source | 995,000,000Source | 991,000,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 538,000,000Source | 521,000,000Source | 408,000,000Source | 355,000,000Source |
| Income Taxes Paid, NetUSD | 61,000,000Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Debt Issuance Costs and DiscountsUSD | 48,000,000Source | 53,000,000Source | 51,000,000Source | — |
| Amortization of Intangible AssetsUSD | — | 4,000,000Source | 52,000,000Source | 117,000,000Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and CurtailmentUSD | — | 2,000,000Source | — | — |
| Equity Method Investment, Other than Temporary ImpairmentUSD | — | 5,000,000Source | 5,000,000Source | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -13,000,000Source | 16,000,000Source | 10,000,000Source | -8,000,000Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | 7,000,000Source | -17,000,000Source | -183,000,000Source | -10,000,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | 3,000,000Source | 161,000,000Source | -31,000,000Source | 8,000,000Source |
| General and Administrative ExpenseUSD | 195,000,000Source | 214,000,000Source | 187,000,000Source | 182,000,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | 1,000,000Source | 4,000,000Source | -14,000,000Source | -24,000,000Source |
| Income Tax Expense (Benefit)USD | -33,000,000Source | -11,000,000Source | 13,000,000Source | 59,000,000Source |
| Induced Conversion of Convertible Debt ExpenseUSD | 99,000,000Source | — | — | — |
| InterestExpenseNonoperatingUSD | 555,000,000Source | 362,000,000Source | — | — |
| Investment Income, InterestUSD | 40,000,000Source | 50,000,000Source | 52,000,000Source | 27,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | -2,915,000,000Source | -512,000,000Source | -954,000,000Source | -621,000,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -2,915,000,000Source | -512,000,000Source | — | — |
| Nonoperating Income (Expense)USD | -611,000,000Source | -106,000,000Source | -616,000,000Source | -531,000,000Source |
| Other Nonoperating Income (Expense)USD | -99,000,000Source | 45,000,000Source | 9,000,000Source | -5,000,000Source |
| Proceeds from Issuance of Common StockUSD | 421,000,000Source | — | — | 263,000,000Source |
| Restricted Cash and Investments, CurrentUSD | 377,000,000Source | 381,000,000Source | 233,000,000Source | 308,000,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | 10,000,000Source | 214,000,000Source | -127,000,000Source | -157,000,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 3,965,000,000Source | 3,524,000,000Source | 2,832,000,000Source | 2,575,000,000Source |
| Cost of RevenueUSD | 2,406,000,000Source | 2,199,000,000Source | 1,986,000,000Source | 1,679,000,000Source |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Operating Income (Loss)USD | -2,337,000,000Source | -417,000,000Source | -325,000,000Source | -31,000,000Source |
| Other Nonoperating Income (Expense)USD | -99,000,000Source | 45,000,000Source | 9,000,000Source | -5,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -2,948,000,000Source | -523,000,000Source | -941,000,000Source | -562,000,000Source |
| Income Tax Expense (Benefit)USD | -33,000,000Source | -11,000,000Source | 13,000,000Source | 59,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | -2,915,000,000Source | -512,000,000Source | -954,000,000Source | -621,000,000Source |
| Earnings Per Share, BasicUSD per share | -3.04Source | -0.6Source | -1.24Source | -0.89Source |
| Earnings Per Share, DilutedUSD per share | -3.04Source | -0.76Source | -1.24Source | -0.89Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 960,000,000Source | 850,000,000Source | 768,000,000Source | 699,000,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 960,000,000Source | 925,000,000Source | 768,000,000Source | 699,000,000Source |
| Interest Expense (non-operating)USD | 555,000,000Source | 362,000,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | — | 4,000,000Source | 52,000,000Source | 117,000,000Source |
| Costs and ExpensesUSD | 3,260,000,000Source | 3,152,000,000Source | 2,917,000,000Source | 2,596,000,000Source |
| Current Income Tax Expense (Benefit)USD | 78,000,000Source | 31,000,000Source | -5,000,000Source | 13,000,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -13,000,000Source | 16,000,000Source | 10,000,000Source | -8,000,000Source |
| General and Administrative ExpenseUSD | 195,000,000Source | 214,000,000Source | 187,000,000Source | 182,000,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | 1,000,000Source | 4,000,000Source | -14,000,000Source | -24,000,000Source |
| Interest ExpenseUSD | — | — | 646,000,000Source | 561,000,000Source |
| Investment Income, InterestUSD | 40,000,000Source | 50,000,000Source | 52,000,000Source | 27,000,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -2,915,000,000Source | -512,000,000Source | — | — |
| Nonoperating Income (Expense)USD | -611,000,000Source | -106,000,000Source | -616,000,000Source | -531,000,000Source |
Filing attachments
rig-20260915xex99d1.htm · 8-K · 2026-09-15
EX-99.1 2 rig-20260915xex99d1.htm EX-99.1 EXHIBIT 99.1 Transocean Ltd. Announces $80 Million Contract For Ultra-Deepwater Drillship STEINHAUSEN, Switzerland, September 15, 2026 (GLOBE NEWSWIRE) - Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced that the Deepwater Conqueror was awarded a two-well contract for work in Equatorial Guinea with an undisclosed operator. The estimated 170-day campaign is expected to commence in 2027 in direct continuation of the…
Read attachment ↗rig-20260820xex99d1.htm · 8-K · 2026-08-20
EX-99.1 2 rig-20260820xex99d1.htm EX-99.1 EXHIBIT 99.1 Transocean Ltd. Announces $300 Million Contract For Ultra-Deepwater Drillship STEINHAUSEN, Switzerland, August 20, 2026 (GLOBE NEWSWIRE) - Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced a two-year binding Letter of Award for the Dhirubhai Deepwater KG2 with ONGC in India. The campaign is expected to commence in the first quarter of 2027 and contribute approximately $300 million in contract value, i…
Read attachment ↗rig-20260805xex99d1.htm · 8-K · 2026-08-05
EX-99.1 2 rig-20260805xex99d1.htm EX-99.1 EXHIBIT 99.1 TRANSOCEAN LTD. REPORTS second QUARTER 2026 RESULTS STEINHAUSEN, Switzerland, August 5, 2026 - Transocean Ltd. (NYSE: RIG) today reported financial results for the second quarter of 2026. The Company will host a conference call and webcast at 9 a.m. EDT, 3 p.m. CEST, on Thursday, August 6, 2026, with participation details included in this release. Supplemental schedules have been posted to the Investors section of the Company’s website…
Read attachment ↗rig-20260805xex99d2.htm · 8-K · 2026-08-05
EX-99.2 3 rig-20260805xex99d2.htm EX-99.2 EXHIBIT 99.2 Transocean Ltd. Provides Quarterly Fleet Status Report STEINHAUSEN, Switzerland - August 5, 2026 - Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current activity and contractual status of the Company’s fleet of offshore drilling rigs. Updates This quarter’s report includes the following updates: Deepwater Conqueror – Awarded a two-well contract extension by an unnamed operator in the U.…
Read attachment ↗tm2619480d1_ex99-1.htm · 8-K · 2026-07-01
EX-99.1 2 tm2619480d1_ex99-1.htm EXHIBIT 99.1 EXHIBIT 99.1 Transocean Ltd. Announces Agreement with Equinor Valued at Over $1 Billion STEINHAUSEN, Switzerland, June 30, 2026 - Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced its entry into an agreement with Equinor, conditional to license approvals, for the use of three of its harsh environment semisubmersible rigs on the Norwegian shelf. In aggregate, this agreement is worth over $1 billion in contract backlog over seven rig ye…
Read attachment ↗rig-20260616xex99d1.htm · 8-K · 2026-06-16
EX-99.1 2 rig-20260616xex99d1.htm EX-99.1 EXHIBIT 99.1 Transocean Ltd. Announces Contract Awards Totaling $185 Million STEINHAUSEN, Switzerland, June 16, 2026 - Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced contract awards for two of its harsh environment semisubmersibles. In aggregate, the fixtures represent approximately $185 million in firm contract backlog. The Transocean Norge was awarded a five-well contract with Harbour Energy in Norway. The e…
Read attachment ↗