Transocean
Highly Engaged Employees
Highly Engaged EmployeesEnergy, Utilities & Waste · Switzerland · 5K - 10K Employees
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Overview
Headquarters
Turmstrasse 30, Steinhausen, Zug, 6312, ...Phone Number
+41 417490500Website
www.deepwater.comRevenue
$4.1 BillionStock Symbol
RIGIndustry
ZI Rank: 18
Signal Type
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ZI Rank
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About Transocean
Transocean engages in the provision of offshore contract drilling services for oil and gas wells. It also owns and operates offshore drilling fleet such as ultra-deepwater, harsh-environment, deepwater, and midwater rigs. It provides offshore contract drilling services to oil and gas companies by owning and operating ultra-deepwater drillships, semisubmersible rigs, and related drilling equipment. Its customers are major energy companies and national oil companies seeking offshore oil and gas exploration and production services.Explore more
Transocean Org Chart
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Deputy Chief Compliance Officer & Director, I...
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Company Profile Activity
Activity Insights
Transocean is experiencing low activity levels compared to other companies in the Energy, Utilities & Waste sector.
What does this means?
Transocean is drawing exceptional interest within the Energy, Utilities & Waste industry, suggesting notable developments or strong market momentum, learn more about Transocean.
Transocean financials insights
Gather financial insights about Transocean, including details on funding rounds, investors, total funding, and acquisitions, to gain a comprehensive understanding of their financial strategy.
2014
Stock Offering
$385M
Transocean Tech Stack
A closer look at the technologies used by Transocean
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Most Recent Scoops
Earnings
Transocean has reported revenue of $966 million for Q2, at the upper end of guidance, driven by the Deepwater Skyros operating one month longer than forecast, additional recharge revenue, and contractual cost escalation provisions becoming effective for certain rigs.
Earnings, Finance
Earnings
Transocean has reported a trailing 12-month net debt to EBITDA ratio of 2.8 times, inclusive of restricted cash primarily for debt repayment, representing a more than two-turn improvement compared to the 5.2 times ratio at the beginning of 2025.
Business Finance, Finance, Financing & Debt
Earnings
Transocean has reported Q2 general and administrative expense of $56 million, which exceeded guidance but includes approximately $11 million in acquisition costs related to the Valaris transaction; excluding this expense, the adjusted result aligns with the quarterly run rate of approximately $45 million.
Earnings, Accounting, Financial Reporting, Acquisitions, Finance
Earnings
finished Q2 with approximately $510 million in unrestricted cash, up sequentially from $330 million, with total liquidity inclusive of the undrawn revolving credit facility at approximately $1.3 billion.
Earnings, Business Finance, Finance
Earnings
Business Finance, Finance
Transocean News & Media
Transocean Ltd. (RIG) Q2 2026 Earnings Call Transcript
Transocean Ltd. (RIG) Q2 2026 Earnings Call August 6, 2026 9:00 AM EDTCompany ParticipantsDavid Keddington - VP & TreasurerKeelan Adamson - President,...Transocean (NYSE:RIG) Posts Better-Than-Expected Sales In Q2 CY2026
Offshore drilling contractor Transocean (NYSE:RIG) reported Q2 CY2026 results exceeding the market’s revenue expectations, but sales fell by 2.2% year on year to $966 million. Its non-GAAP profit of $0.03 per share was $0.02 above analysts’ consensus estimates.Transocean Ltd. Reports Second Quarter 2026 Results
STEINHAUSEN, Switzerland, Aug. 05, 2026 (GLOBE NEWSWIRE) -- 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 at www.deepwater.com.Transocean Ltd. Provides Quarterly Fleet Status Report
STEINHAUSEN, Switzerland, Aug. 05, 2026 (GLOBE NEWSWIRE) -- 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.
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Frequently Asked Questions Regarding Transocean
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Transocean engages in the provision of offshore contract drilling services for oil and gas wells. It also owns and operates offshore drilling fleet such as ultra-deepwater, harsh-environment, deepwater, and midwater rigs. It provides offshore contract drilling services to oil and gas companies by owning and operating ultra-deepwater drillships, sem... Read More
