Seadrill Limited (Bermuda) (SDRL) Stock

Seadrill mentions that its contract with Petrobras has a total value of $1.1 billion, including mobilization fees and other additional services.

Seadrill (SDRL) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $1.10 per share a year ago.

HAMILTON, Bermuda--(BUSINESS WIRE)--Seadrill (NYSE: SDRL) today announced its third quarter 2024 results and revised 2024 guidance.

Seadrill (SDRL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

The two offshore oil drilling companies have discussed how to structure a potential merger, according to a report.

Shares of Seadrill rallied early Thursday after a report the offshore drilling company is in talks to merge with Transocean.

HAMILTON, Bermuda--(BUSINESS WIRE)--Seadrill Announces Third Quarter 2024 Earnings Release and Conference Call.

Seadrill reporting mixed earnings results, coupled with a lowered guidance, put pressure on the stock price. Demand has not yet materialized into more contract awards. This is attributed to several reasons, including a supply chain issue. These headwinds are likely to resolve in 2H25. Market fundamentals remain supportive of day rates. Benign floater marketed utilization rate was at 86% despite reactivations. We believe incremental demand will be sufficient to absorb stranded capacity.

Seadrill (SDRL) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $1.16 per share a year ago.