Transocean LTD. (RIG)
Transocean Ltd. (RIG) is a global offshore drilling contractor providing drilling services to the oil and gas industry. The company specializes in deepwater, harsh environment, and/completion and production drilling, operating a fleet of technologically advanced drilling rigs around the world. Established in 1953, Transocean is known for its expertise in managing complex and high-specification drilling operations in challenging environments.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| September 23, 2015 | $0.15 | 2015-08-21 | 2015-08-25 |
| June 17, 2015 | $0.15 | 2015-05-27 | 2015-05-29 |
| March 18, 2015 | $0.75 | 2015-02-18 | 2015-02-20 |
| December 17, 2014 | $0.75 | 2014-11-12 | 2014-11-14 |
| September 17, 2014 | $0.75 | 2014-08-20 | 2014-08-22 |
Dividends Summary
- Transocean LTD. has issued 14 dividend payments over the past 4 years
- The most recent dividend was paid 3682 days ago, on September 23, 2015
- The highest dividend payed out to investors during this period was $0.79 per share
- The average dividend paid during this period was $0.62 per share.
Company News
Transocean Ltd. will report its third quarter 2025 earnings on October 29, 2025, after NYSE trading closes, with a teleconference scheduled for October 30, 2025.
Transocean conducted a public stock offering where an existing shareholder, Perestoika Ltd., purchased all 4 million shares, signaling strong conviction in the company's potential during a low oil price environment. The strategic move aims to reduce debt and position for a potential oil sector recovery.
Transocean Ltd. announced a private offering of $500 million in Senior Priority Guaranteed Notes due 2032, intending to use proceeds to refinance existing debt and fund a tender offer for outstanding notes.
Transocean reported Q2 2025 earnings with revenue of $988 million, beating analyst expectations. The company saw improved rig utilization and positive free cash flow, despite a significant net loss due to asset impairment charges.
Transocean Ltd. has begun its first drilling assignment with Petrobras S.A. offshore Brazil. Transocean's newbuild ultra-deepwater drillship, Deepwater Aquila, has won a three-year contract with Petrobras starting in June 2024.
