Transocean Ltd. Stock News

Transocean (NYSE:RIG), a company specializing in offshore drilling, has significantly lagged behind the broader S&P 500 index over the last twelve months, posting a decline of 45% compared to the S&P 500's increase of 12%. The firm is currently facing financial setbacks, worsened by escalating cost inflation.

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STEINHAUSEN, Switzerland, June 04, 2025 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced that a two-well option was exercised for the Transocean Spitsbergen in Norway. The program is expected to commence in the first quarter of 2026 in direct continuation of the rig's current program and contribute approximately $100 million in backlog, excluding additional services.

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Transocean's stock is undervalued due to geopolitical factors and oil price corrections, despite positive financial trends and a leading industry position. Recent fleet status reports show a stable backlog and sound contract dayrates, indicating resilience in the deepwater sector despite economic uncertainties. The company's Q1 2025 earnings were in line with expectations, with a slight decreas...

Transocean reported Q1/2025 results slightly ahead of expectations and provided second quarter guidance in line with consensus estimates. While management largely reiterated full-year expectations, year-end liquidity guidance was raised by $100 million due to a combination of lower capital expenditures and anticipated cost savings. Competitor Noble Corporation will replace two of Transocean's d...

The stock of offshore oil drilling specialist Transocean (RIG -4.98%) wasn't exactly a hot item on the market Tuesday. The company's latest quarterly earnings report was published after market close the day before, and investors subsequently expressed their displeasure by trading the stock down by more than 3%.