Transocean Ltd. (RIG)
| Market Cap | 7.51B |
| Revenue (ttm) | 3.97B |
| Net Income (ttm) | -2.92B |
| Shares Out | 1.11B |
| EPS (ttm) | -3.04 |
| PE Ratio | n/a |
| Forward PE | 30.00 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 53,648,881 |
| Open | 6.57 |
| Previous Close | 6.52 |
| Day's Range | 6.46 - 6.85 |
| 52-Week Range | 2.11 - 7.14 |
| Beta | 1.38 |
| Analysts | Hold |
| Price Target | 7.10 (+4.57%) |
| Earnings Date | May 4, 2026 |
About RIG
Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells in Switzerland and internationally. The company contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. It also operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment semisubmersibles. It serves integrated energy companies and their affiliates, government-owned or government-controlled energy companies, and other independent en... [Read more]
Financial Performance
In 2025, Transocean's revenue was $3.97 billion, an increase of 12.51% compared to the previous year's $3.52 billion. Losses were -$2.92 billion, 469.3% more than in 2024.
Financial StatementsAnalyst Forecast
According to 6 analysts, the average rating for RIG stock is "Hold." The 12-month stock price target is $7.1, which is an increase of 4.57% from the latest price.
News
Transocean Ltd. Announces $158 Million Award for Ultra-Deepwater Drillship
STEINHAUSEN, Switzerland, April 16, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced that the Deepwater Asgard was awarded a five-well contract in the Eastern Medite...
Transocean Ltd. Announces $425 Million Additional Backlog for Ultra-Deepwater Drillship
STEINHAUSEN, Switzerland, April 14, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced that the Deepwater Corcovado was awarded a 1,156-day contract extension with Pet...
Transocean Ltd. Announces Contract Awards Totaling $1.0 Billion and Retirement of Senior Secured Notes
STEINHAUSEN, Switzerland, April 02, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced awards of a contract for a harsh environment semisubmersible in Norway and contr...
Transocean (RIG) Edges Higher As Investors Weigh Mixed Quarter
Offshore driller Transocean Ltd's (NYSE: RIG) stock closed higher Friday after the company posted mixed fourth-quarter results and highlighted progress on its pending merger with its rival, Valaris Lt...
Transocean Earnings Call Transcript: Q4 2025
Delivered strong Q4 and full-year financial results, improved operational efficiency, and announced the acquisition of Valaris, targeting $200 million in synergies and a combined $11 billion backlog. Deepwater market outlook is robust, with utilization expected above 90% through 2027.
Transocean Ltd. Reports Fourth Quarter and Full Year 2025 Results
STEINHAUSEN, Switzerland, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported financial results for the fourth quarter and full year of 2025. The Company will hold a conferenc...
Transocean Ltd. Provides Quarterly Fleet Status Report
STEINHAUSEN, Switzerland, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, ...
Transocean Shares Pull Back From Highs: What's Driving The Action?
Transocean Ltd (NYSE: RIG) shares are sliding Tuesday, as investors appear to lock in gains following the offshore driller's move to a fresh 52-week high late last week.
Transocean Stock Hits 52-Week High: What's Driving The Action?
Transocean secured contract fixtures for two of its harsh environment semisubmersibles in Norway, which are expected to significantly enhance its backlog.
Transocean Ltd. Announces Contract Award and Extension Totaling $184 Million
STEINHAUSEN, Switzerland, Feb. 11, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced contract fixtures for two of its harsh environment semisubmersibles in Norway. In...
Transocean Transcript: M&A announcement
A transformational all-stock merger creates the largest offshore driller with a $10B+ backlog, $200M+ in annual synergies, and a diversified fleet. The deal is expected to accelerate deleveraging, enhance cash flow, and position the company for a multi-year upcycle.
Transocean to Acquire Valaris in $5.8 Billion Deal
Transocean agreed to acquire fellow offshore drilling services company Valaris in an all-stock deal worth $5.8 billion.
Transocean to Acquire Valaris
Creates the world's highest-quality, highest-specification offshore drilling fleet Companies to host conference call today at 8 a.m. CT / 9 a.m.
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Transocean Ltd. Announces Fourth Quarter 2025 Earnings Release Date
STEINHAUSEN, Switzerland, Jan. 23, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the fourth quarter 2025 and issue a fleet status report on Thur...
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Transocean Ltd. Announces Contract Award and Extension Totaling $168 Million
STEINHAUSEN, Switzerland, Jan. 05, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced a contract award and an extension, respectively, for two of its drilling rigs.
Transocean Ltd. Announces $130 Million Award for Ultra-Deepwater Drillship
STEINHAUSEN, Switzerland, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced the execution of a six-well contract in Australia with an undisclosed operator fo...
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Transocean Ltd. Announces Exercised Options Totaling $89 Million
STEINHAUSEN, Switzerland, Nov. 18, 2025 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today announced contract fixtures for one ultra-deepwater drillship and two harsh environment semisubmersibles. ...
Transocean Earnings Call Transcript: Q3 2025
Strong Q3 performance driven by cost reductions, debt reduction, and high operational efficiency. Guidance for 2026 remains robust, with high contract coverage and improving market outlook, especially for deepwater assets.
Transocean Ltd. Reports Third Quarter 2025 Results
STEINHAUSEN, Switzerland, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported a net loss attributable to controlling interest of $1.92 billion, $2.00 per diluted share, for th...
Transocean Ltd. Announces Early Tender Results and Upsizing of Cash Tender Offer
STEINHAUSEN, Switzerland, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG), a Swiss corporation (“Transocean”), announced the early results, as of 5:00 p.m. New York City time on October ...