SEADRILL Ltd (SDRL)
Seadrill Limited, a global entity, is dedicated to delivering contract drilling services for the offshore oil and gas sector. The company utilizes a diverse fleet of sophisticated equipment, including drillships, semi-submersible rigs, and jack-up rigs, which are capable of operating in a wide array of challenging conditions—from shallow to ultra-deep waters, and within both benign and harsh environments. These operations are strategically divided into three key segments: Harsh Environment, Floaters, and Jack-up Rigs. Beyond its core drilling activities, Seadrill also extends its expertise by offering operational support and management services to external parties, including both affiliated and independent companies. As of April 8, 2022, the firm's robust fleet comprised 21 offshore drilling units, specifically consisting of two harsh-environment rigs, two benign-environment semi-submersible rigs, six drillships, and eleven jack-up rigs. Its client base is extensive, serving major international oil companies, state-owned national oil enterprises, and various independent oil and gas producers. Seadrill Limited was founded in 2005 and is based in London, United Kingdom.
Sector: Drilling Oil & Gas Wells
Industry: Oil & Gas Drilling
Seadrill Limited
NYSE:SDRLEnergy · Oil & Gas Drilling
+6.42%$52.35
AH Close$53.00+1.24%vs close
AH Close$53.00+1.24%vs close
Mkt Cap$3.27B
Float51.05M
O/S62.54M
Inst Own97.0%
SI8.9%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$1.44B
Net Income-$77M
Total Assets$3.95B
Free Cash Flow-$138M
Debt & Equity
Debt 18%
Equity 82%
Total Debt$613M
Total Equity$2.86B
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:267.7Reverse splitJul 3, 2018267.7 shares → 1
Balance Sheet Details
Assets$3.95B
Liabilities$1.09B
Accounts Receivable$162M
Accounts Payable$61M
Inventory$0
PP&E (Net)$3B
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Revenue | $1.44B | $1.39B | $1.47B | $936M | $907M | $961M | $1.39B | $1.18B | $2B | $2.97B | $4.11B | $4.68B | $4.94B | $4.31B |
| YoY Growth | 3.8% | -5.8% | 57.1% | 3.2% | -5.6% | -30.8% | 17.4% | -40.9% | -32.7% | -27.7% | -12.2% | -5.3% | 14.6% | - |
| Cost of Revenue | $1.26B | $1.09B | $905M | $655M | $945M | $1.28B | $1.63B | $799M | $792M | $1.01B | $1.61B | $1.94B | $1.98B | $1.66B |
| Gross Profit | $173M | $293M | $565M | $281M | -$38M | -$323M | -$239M | $383M | $1.21B | $1.95B | $2.5B | $2.74B | $2.96B | $2.65B |
| Gross Margin | 12.0% | 21.2% | 38.4% | 30.0% | -4.2% | -33.6% | -17.2% | 32.4% | 60.4% | 65.8% | 60.8% | 58.6% | 60.0% | 61.6% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $103M | $107M | $74M | $0 | $67M | $74M | $95M | $90M | $277M | $234M | $249M | $315M | $300M | $250M |
| Other | $0 | -$226M | $162M | $209M | $51M | $4.08B | -$39M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $103M | -$119M | $236M | $209M | $118M | $4.16B | $56M | $277M | $4.03B | $1.5B | $2.46B | $2.13B | $266M | $902M |
| Operating Income (EBIT) | $70M | $412M | $329M | $72M | -$156M | -$4.48B | -$295M | -$360M | $135M | $936M | $1.48B | $1.75B | $1.97B | $1.8B |
| Operating Margin | 4.9% | 29.7% | 22.4% | 7.7% | -17.2% | -466.3% | -21.3% | -30.5% | 6.8% | 31.5% | 36.1% | 37.4% | 39.9% | 41.8% |
| Interest Expense | $61M | $61M | $59M | $105M | $109M | $398M | $421M | $240M | $210M | $414M | $459M | $764M | $288M | $315M |
| Interest Income | $14M | $25M | $35M | $14M | $1M | $8M | $35M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$121M | -$79M | -$12M | $3.61B | -$416M | $50M | -$465M | -$3.67B | -$2.31B | -$982M | -$1.45B | $1.83B | $842M | -$366M |
| Income Before Tax (EBT) | -$51M | $333M | $317M | $3.68B | -$572M | -$4.43B | -$760M | -$4.45B | -$3.04B | $44M | -$427M | $4.11B | $2.94B | $1.44B |
| Income Tax Expense | $26M | -$113M | $17M | $12M | $0 | -$1M | -$40M | $38M | $66M | $199M | $208M | $19M | $154M | $232M |
| Net Income | -$77M | $446M | $300M | $3.91B | -$587M | -$4.66B | -$1.22B | -$4.48B | -$2.97B | -$181M | -$634M | $3.97B | $2.65B | $1.11B |
| Net Income Margin | -5.4% | 32.2% | 20.4% | 417.4% | -64.7% | -484.8% | -87.8% | -379.3% | -148.7% | -6.1% | -15.4% | 84.9% | 53.7% | 25.7% |
| Supplementary Data | ||||||||||||||
| EPS | -1.24 | 6.56 | 4.23 | 73.32 | -5.85 | -46.59 | -12.19 | -14.87 | -5.89 | -0.36 | -1.29 | 8.30 | 5.47 | 2.34 |
| Diluted EPS | -1.24 | 6.37 | 4.05 | 73.32 | -5.85 | -46.59 | -12.19 | -14.87 | -5.89 | -0.36 | -1.29 | 8.06 | 5.39 | 2.26 |
| Weighted Average OS | 62.10M | 68.00M | 71.00M | 50.00M | 100.00M | 100.00M | 100.00M | 301.45M | 504.75M | 501.00M | 491.47M | 478.90M | 485.05M | 474.17M |
| EBITDA | $248M | $562M | $494M | $3.92B | -$336M | -$3.71B | $87M | $304M | $890M | $1.68B | $2.15B | $2.31B | $2.62B | $2.43B |
| EBITDA Margin | 17.3% | 40.6% | 33.6% | 418.9% | -37.0% | -386.5% | 6.3% | 25.7% | 44.5% | 56.6% | 52.2% | 49.4% | 53.0% | 56.4% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $339M | $478M | $697M | $480M | $293M | $491M | $1.09B | $1.54B | $1.25B | $1.37B | $1.04B | $831M | $744M | $318M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $57M | $124M | $110M | $96M | $426M | $416M | $333M |
| Cash and Short-Term Investments | $339M | $478M | $697M | $480M | $293M | $491M | $1.09B | $1.6B | $1.38B | $1.48B | $1.14B | $1.26B | $1.16B | $651M |
| Accounts Receivable | $162M | $248M | $298M | $164M | $186M | $210M | $288M | $386M | $519M | $483M | $766M | $1.1B | $1.14B | $981M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $257M | $145M | $109M | $213M | $1.5B | $361M | $398M | $782M | $354M | $904M | $994M | $917M | $487M | $722M |
| Total Current Assets | $758M | $928M | $1.16B | $857M | $1.98B | $1.06B | $1.77B | $2.77B | $2.25B | $2.89B | $2.94B | $3.3B | $2.83B | $2.35B |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $3B | $2.96B | $2.87B | $1.68B | $1.44B | $2.14B | $6.42B | $6.69B | $13.49B | $15.85B | $16.45B | $17.22B | $20.66B | $14.82B |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $604M | $1.2B | $1.32B |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $58M | $68M | $90M | $84M | $27M | $24M | $24M | $800M | $1.47B | $2.17B | $2.59B | $2.9B | $140M | $509M |
| Deferred Tax Assets | $44M | $63M | $46M | $15M | $10M | $9M | $4M | $18M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $92M | $135M | $52M | $167M | $437M | $727M | $1.05B | $593M | $764M | $764M | $1.45B | $2.27B | $1.47B | -$16.64B |
| Total Long-Term Assets | $3.19B | $3.23B | $3.06B | $1.94B | $1.92B | $2.9B | $7.51B | $8.08B | $15.73B | $18.78B | $20.5B | $23B | $23.47B | $16.64B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $633M |
| Total Assets | $3.95B | $4.16B | $4.22B | $2.8B | $3.9B | $3.96B | $9.28B | $10.85B | $17.98B | $21.67B | $23.44B | $26.3B | $26.3B | $19.63B |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $61M | $118M | $53M | $76M | $53M | $45M | $86M | $121M | $82M | $93M | $141M | $84M | $90M | $72M |
| Short-Term Debt | $0 | $0 | $0 | $22M | $0 | $5.66B | $343M | $33M | $509M | $3.43B | $1.78B | $2.61B | $1.76B | $0 |
| Current Income Tax Payable | $0 | $84M | $87M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $63M | $31M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $313M | $52M | $80M | $306M | $1.32B | $831M | $322M | $310M | $268M | $1.01B | $1.18B | $1.47B | $1.45B | $3.54B |
| Total Current Liabilities | $374M | $501M | $389M | $404M | $1.37B | $6.54B | $770M | $464M | $859M | $4.72B | $3.34B | $4.53B | $3.83B | $3.61B |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $613M | $610M | $608M | $496M | $908M | $426M | $6.04B | $7.1B | $8.5B | $6.65B | $9.49B | $10.56B | $13.32B | $9.63B |
| Long-Term Unearned Revenue | $0 | $48M | $33M | $0 | $0 | $0 | $0 | -$7.05B | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $14M | $11M | $9M | $9M | $9M | $10M | $12M | $87M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $88M | $60M | $194M | $190M | $5.32B | $120M | $661M | $208M | $1.66B | $230M | $535M | $813M | $956M | -$9.63B |
| Total Long-Term Liabilities | $715M | $737M | $846M | $695M | $6.24B | $556M | $6.72B | $7.31B | $10.16B | $6.88B | $10.03B | $11.38B | $14.27B | $9.63B |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $365M |
| Total Liabilities | $1.09B | $1.24B | $1.24B | $1.1B | $7.61B | $7.1B | $7.49B | $7.78B | $11.02B | $11.6B | $13.37B | $15.91B | $18.1B | $13.61B |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1M | $1M | $1M | $0 | $10M | $10M | $10M | $10M | $1.02B | $1.02B | $986M | $986M | $939M | $938M |
| Retained Earnings | $870M | $947M | $501M | $201M | -$7.21B | -$6.63B | -$1.85B | -$611M | $225M | $3.2B | $3.38B | $4.01B | $1.45B | $83M |
| Comprehensive Income & Other | $1M | $1M | $1M | $2M | -$15M | -$26M | -$13M | -$7M | $58M | $53M | -$142M | -$448M | $528M | $0 |
| Other Stockholders' Equity | $1.99B | $1.97B | $2.48B | $1.5B | $3.49B | $3.48B | $3.48B | $3.48B | $5.32B | $5.31B | $5.09B | $4.76B | $5.12B | $4.48B |
| Total Equity | $2.86B | $2.92B | $2.98B | $1.7B | -$3.72B | -$3.14B | $1.64B | $2.88B | $6.56B | $9.52B | $9.45B | $9.76B | $7.51B | $5.5B |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $151M | $190M | $399M | $542M | $615M | $626M | $690M | $521M |
| Total Liabilities and Equity | $3.95B | $4.16B | $4.22B | $2.8B | $3.9B | $3.96B | $9.13B | $10.66B | $17.58B | $21.12B | $22.82B | $25.67B | $25.61B | $19.11B |
| Supplementary Data | ||||||||||||||
| Total Debt | $613M | $618M | $610M | $518M | $908M | $6.09B | $6.39B | $7.14B | $9.01B | $10.08B | $11.27B | $13.17B | $15.08B | $0 |
| Net Debt | $274M | $140M | -$87M | $38M | $615M | $5.6B | $5.3B | $5.59B | $7.76B | $8.71B | $10.23B | $12.34B | $14.33B | -$318M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | -$77M | $446M | $300M | $3.67B | -$577M | -$4.45B | -$753M | -$4.48B | -$2.97B | -$181M | -$634M | $3.98B | $2.65B | $1.11B |
| Depreciation & Amortization | $238M | $168M | $155M | $152M | $127M | $319M | $426M | $664M | $755M | $745M | $663M | $562M | $646M | $627M |
| Deferred Income Tax | $22M | -$13M | -$13M | -$7M | -$3M | -$7M | -$61M | -$22M | -$174M | -$264M | -$274M | $285M | $199M | $190M |
| Stock-Based Compensation | $20M | $17M | $0 | $0 | $0 | $0 | $0 | $3M | $7M | $8M | $7M | $10M | $7M | $8M |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $23M | $38M | -$6.23M | -$2M | -$47M | -$54M | $27M | $93M | $167M | $256M | $267M | -$295M | -$206M | -$198M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$158M | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$47M | $65M | -$35.28M | $23M | $15M | -$37M | $4M | -$9M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$264M | -$156M | -$72.49M | -$111M | $34M | $50M | -$17M | $2M | -$134M | -$39M | -$148M | -$355M | $20M | $0 |
| Total Working Capital Change | -$288M | -$53M | -$114M | -$90M | $2M | -$41M | $14M | $95M | $33M | $217M | $119M | -$650M | -$186M | -$198M |
| Other Non-Cash Items | $57M | -$477M | -$41M | -$3.71B | $297M | $3.76B | $118M | $3.48B | $2.58B | $395M | $1.63B | -$2.33B | -$1.43B | -$145M |
| Net Cash from Operating | -$28M | $88M | $287M | $9M | -$154M | -$420M | -$256M | -$239M | $399M | $1.18B | $1.79B | $1.57B | $1.7B | $1.59B |
| Investing Activities | ||||||||||||||
| Capital Expenditures | -$110M | -$157M | -$101M | -$149M | -$29M | -$27M | -$48M | -$76M | -$92M | -$136M | -$935M | -$2.87B | -$4.27B | -$1.56B |
| Acquisitions | $0 | $0 | $45M | $3M | $0 | -$22M | -$25M | $0 | $0 | $0 | $0 | $0 | -$554M | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | -$11M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$3M | $383M | $98M | $489M | $66M | $28M | $47M | $286M | $450M | $490M | $745M | $2.94B | $1.86B | $197M |
| Net Cash from Investing | -$113M | $226M | $42M | $343M | $37M | -$32M | -$26M | $210M | $358M | $354M | -$190M | $66M | -$2.96B | -$1.36B |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | - | -$98M | $399M | - | $36M | $34M | -$518M | $793M | $1.36B | $1.34B | $92M | -$2.36B | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | -$532M | -$263M | $0 | $0 | $0 | $0 | $200M | $0 | -$11M | $0 | -$18M | -$39M | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.42B | -$1.29B | -$1.48B |
| Other Financing Activities | -$3M | $0 | -$35M | $36M | $0 | -$127M | -$333M | $161M | -$53M | -$38M | -$30M | $4M | $662M | $1.08B |
| Net Cash from Financing | -$3M | -$532M | -$200M | -$363M | $0 | -$163M | -$367M | $679M | -$846M | -$1.41B | -$1.37B | -$1.52B | $1.7B | -$395M |
| Forex Effect | $4M | -$5M | $1M | $82M | -$2M | -$19M | $3M | -$6M | $5M | $18M | -$15M | -$6M | $0 | $483M |
| Net Change in Cash | -$140M | -$223M | $130M | $71M | -$119M | -$634M | -$646M | $2.82B | -$84M | $399M | $213M | $87M | $426M | $318M |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | -$28M | $88M | $287M | $9M | -$154M | -$420M | -$256M | -$239M | $399M | $1.18B | $1.79B | $1.57B | $1.7B | $1.59B |
| Capital Expenditure | -$110M | -$157M | -$101M | -$149M | -$29M | -$27M | -$48M | -$76M | -$92M | -$136M | -$935M | -$2.87B | -$4.27B | -$1.56B |
| Free Cash Flow | -$138M | -$69M | $186M | -$140M | -$183M | -$447M | -$304M | -$315M | $307M | $1.05B | $853M | -$1.3B | -$2.58B | $33M |
| Cash at Beginning | $505M | $728M | $598M | $453M | $723M | $1.36B | $2B | $1.36B | $1.44B | $1.04B | $831M | $744M | $318M | $0 |
| Cash at End | $365M | $505M | $728M | $524M | $604M | $723M | $1.36B | $4.18B | $1.36B | $1.44B | $1.04B | $831M | $744M | $318M |