TRANSOCEAN LTD (RIG)

What TRANSOCEAN LTD does

Transocean Ltd. is a leading international provider of offshore contract drilling services for oil and gas wells. As of February 2026, the company owned or operated 27 mobile offshore drilling units, consisting of 20 ultra-deepwater drillships and seven harsh environment semisubmersibles. The company specializes in technically demanding regions of global offshore drilling, particularly ultra-deepwater and harsh environment drilling services, contracting its fleet and crews to drill oil and gas wells on a worldwide basis.

Fundamentals

• Price$5.14 as of 2026-07-09 close
• Market cap$5.7B as of 2026-07-10
• 1-year return+79.7% as of 2026-07-09 close
• Net margin-66.8% as of 2026-07-10
• Gross margin+42.2% as of 2026-07-10
• ROE-32.8% as of 2026-07-10
• Debt / equity0.64 as of 2026-07-10
• Revenue growth (YoY)+12.9% as of 2026-07-10
• Revenue CAGR (3y)+15.5% SEC XBRL
• Beta1.37 as of 2026-07-10

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Key risks (from latest filing)

["Sub-investment grade debt ratings limiting access to capital markets and increasing borrowing costs","Decline in oil and natural gas prices reducing demand for drilling services","Worldwide economic slowdown and restricted access to capital markets impacting operations and flexibility"]

See RIG's biggest risks from its latest 10-Q →

Competitors & peers

• Valaris (VAL)
• Noble Corporation (NE)
• ENSCO International (ESOI)
• Nabors Industries (NBR)
• Patterson-UTI Energy (PTEN)

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