Seadrill Limited (SDRL) has signed an agreement to sell off three of its jack-up rigs, also known as Qatar jack-up fleet, along with its 50% equity interest in the joint venture that operates these rigs, to Gulf Drilling International (GDI). Seadrill’s joint venture partner GDI will be taking over the three rigs, West Castor, West Telesto and West Tucana, and the venture in exchange for cash proceeds worth $338 million.SDRL has stated that the divestiture aligns with its overall strategy to simplify its bus ...

Shares of Seadrill (SDRL) have gained 7.3% over the past four weeks to close the last trading session at $52.51, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $68.25 indicates a potential upside of 30%.The average comprises four short-term price targets ranging from a low of $60 to a high of $80, with a standard deviation of $9.95. While the lowest estimate indicates an increa ...

Seadrill Limited (NYSE:SDRL) Q1 2024 Earnings Conference Call May 15, 2024 10:00 AM ET Company Participants Lydia Mabry - Director of Investor Relations Simon Johnson - President and Chief Executive Officer Grant Creed - Executive Vice President and Chief Financial Officer Samir Ali - Executive Vice President, Chief Commercial Officer Marcel Wieggers - Senior Vice President of Operations Conference Call Participants Ben Nolan - Stifel Greg Lewis - BTIG Kurt Hallead - Benchmark Josh Jayne - Daniel Energy Par ...

Seadrill (SDRL) came out with quarterly earnings of $0.81 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.83 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 19.12%. A quarter ago, it was expected that this offshore drilling services provider would post earnings of $0.65 per share when it actually produced earnings of $0.95, delivering a surprise of 46.15%.Over the last four q ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________ FORM 6-K ____________________________ REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 Commission File Number: 001-39327 ____________________________ SEADRILL LIMITED (Exact name of Registrant as specified in its Charter) ____________________________ Park Place 55 Par-la-Ville Road Hamilton HM 11 Bermuda ...

Seadrill Limited (SDRL) , the offshore drilling contractor has announced new contract awards for two of its drillships –West Capella and West Neptune.The West Capella drillship has won a one-well contract with an undisclosed operator in South Korea. The contract is expected to begin in December 2024 and its estimated duration is 40 days. The contract is valued at approximately $32 million, excluding fees for additional services. The valuation includes mobilization fees of $10 million as well.West Capella wa ...

Exhibit 99.1 UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION The unaudited pro forma condensed combined financial statements of Seadrill Limited (“Seadrill” or the “Company”) and the accompanying explanatory notes (the “Pro Forma Financial Information”) have been prepared to illustrate the following transactions that have been completed since January 1, 2023, but have not been included in the results of operations for the entire period presented for the pro forma condensed combined statement of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of ...

Seadrill Limited (NYSE:SDRL) Q4 2023 Results Conference Call February 29, 2024 10:00 AM ET Company Participants Lydia Mabry - Director of Investor Relations Simon Johnson - President and Chief Executive Officer Grant Creed - Executive Vice President and Chief Financial Officer Samir Ali - Executive Vice President and Chief Commercial Officer Marcel Wieggers - Senior Vice President of Operations Conference Call Participants Frank Galanti - Stifel Greg Lewis - BTIG Fredrik Stene - Clarkson Securities Hamed Kh ...

HAMILTON, Bermuda--(BUSINESS WIRE)--February 28, 2024 -- Seadrill Limited (“Seadrill” or the "Company") (NYSE & OSE: SDRL) today reported its fourth quarter and full year 2023 results. Quarterly highlights Delivered full-year operating profit of $329 million and full-year Adjusted EBITDA(1) of $495 million, in line with guidance Reported fourth quarter Adjusted EBITDA(1) of $100 million, consistent with management expectations Secured market-leading contracts in both Brazil and the U.S. Gulf of Mexic ...