OverviewSuggest Edit

Valaris (formerly known as Ensco) is a company that provides offshore drilling services to the petroleum industry. Its fleet includes drillships, semisubmersibles, moored semisubmersibles, and premium jackups. The company also provides drilling management services for customer-owned platforms. 

TypePublic
HQLondon, GB
Websitevalaris.com

Latest Updates

Employees (est.) (Feb 2020)4,400
Job Openings16
Revenue (FY, 2018)£1.3 B(-7%)
Share Price (Apr 2020)$0.4 (+8%)

Key People/Management at Valaris

Thomas Burke

Thomas Burke

President and Chief Executive Officer
Jonathan Baksht

Jonathan Baksht

Executive Vice President and Chief Financial Officer
Gilles Luca

Gilles Luca

Senior Vice President and Chief Operating Officer
Alan Quintero

Alan Quintero

Senior Vice President, Business Development
Michael T. McGuinty

Michael T. McGuinty

Senior Vice President, General Counsel and Secretary
Jack Winton

Jack Winton

Vice President, Corporate Strategy and Integration
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Valaris Office Locations

Valaris has offices in London, Houston, Ciudad del Carmen, Stavanger and in 2 other locations
London, GB (HQ)
6 Chesterfield Gardens, Mayfair
London, GB
110 Cannon St
Ciudad del Carmen, MX
Oriente, Puerto Pesquero
Stavanger, NO
Veritasveien 25
Singapore, SG
5 Temasek Blvd
Houston, US
1415 S Voss Rd #110
Show all (10)

Valaris Financials and Metrics

Valaris Revenue

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Valaris's revenue was reported to be £1.31 b in FY, 2018
GBP

Revenue (FY, 2018)

1.3b

Gross profit (FY, 2018)

(60.7m)

Gross profit margin (FY, 2018), %

(4.6%)

Net income (FY, 2018)

(252.4m)

EBIT (FY, 2018)

(135.7m)

Market capitalization (2-Apr-2020)

87.8m

Closing stock price (2-Apr-2020)

0.4

Cash (31-Dec-2018)

210.8m

EV

3.7b
Valaris's current market capitalization is $87.8 m.
GBPFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

3.4b3.2b2.0b1.4b1.3b

Cost of goods sold

2.5b2.4b1.3b1.4b1.4b

Gross profit

849.6m799.4m712.7m7.6m(60.7m)

Gross profit Margin, %

25%25%36%1%(5%)
GBPFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

456.2m93.8m826.4m341.3m210.8m

Accounts Receivable

606.2m449.8m257.3m263.5m264.2m

Inventories

164.9m181.9m160.5m213.7m205.5m

Current Assets

1.9b1.8b2.4b1.2b1.0b
GBPY, 2018

EV/EBIT

-27.4 x

Revenue/Employee

297.0k

Financial Leverage

2.3 x
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Valaris Online and Social Media Presence

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Valaris News and Updates

Valaris Provides Update on Operations, Contracts and Guidance

LONDON, March 26, 2020 /PRNewswire/ -- Valaris plc (NYSE: VAL) ("Valaris" or the "Company") announced today that the Company continues actively working to recover or replace the blowout preventer (BOP) stack on VALARIS DS-8 following a non-drilling incident earlier this month. On March...

Valaris plc Reports Fourth Quarter and Full-Year 2019 Results

LONDON, Feb. 20, 2020 /PRNewswire/ -- Valaris plc (NYSE: VAL) ("Valaris" or the "Company") today reported a net loss attributable to the Company of $216 million, or $1.09 per share, for fourth quarter 2019 compared to a net loss of $197 million, or $1.00 per share, in third quarter 2019....

Valaris plc Provides Quarterly Fleet Status Report

LONDON, Feb. 13, 2020 /PRNewswire/ -- Valaris plc (NYSE: VAL) ("Valaris" or the "Company") today issued a quarterly Fleet Status Report that provides the current status of the Company's fleet of offshore drilling rigs along with certain contract information for these assets. The Fleet...

Valaris Frequently Asked Questions

  • Who are Valaris key executives?

    Valaris's key executives are Thomas Burke, Jonathan Baksht and Gilles Luca.

  • How many employees does Valaris have?

    Valaris has 4,400 employees.

  • What is Valaris revenue?

    Latest Valaris annual revenue is £1.3 b.

  • What is Valaris revenue per employee?

    Latest Valaris revenue per employee is £297 k.

  • Who are Valaris competitors?

    Competitors of Valaris include STIHL, TES CAR and TUWI.

  • Where is Valaris headquarters?

    Valaris headquarters is located at 6 Chesterfield Gardens, Mayfair, London.

  • Where are Valaris offices?

    Valaris has offices in London, Houston, Ciudad del Carmen, Stavanger and in 2 other locations.

  • How many offices does Valaris have?

    Valaris has 10 offices.