OverviewSuggest Edit

Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services, and believes that it operates one of the most versatile offshore drilling fleets in the world. Building on more than 50 years of experience , our employees are focused on safety and premier offshore drilling performance.

TypePublic
Founded1953
HQVernier, CH
Websitedeepwater.com
Employee Ratings3.3

Latest Updates

Employees (est.) (Dec 2018)5,900(+32%)
Job Openings17
Revenue (FY, 2018)$3 B(+2%)
Share Price (Oct 2019)$4.8

Key People/Management at Transocean

Jeremy Thigpen

Jeremy Thigpen

President and CEO
Mark Mey

Mark Mey

Executive Vice President, Chief Financial Officer
Howard Davis

Howard Davis

Executive Vice President, Chief Administrative Officer, and Chief Information Officer
Keelan Adamson

Keelan Adamson

Senior Vice President, Operations Integrity, HSE and Technical Services
Terry Bonno

Terry Bonno

Senior Vice President, Industry and Community Relations
Stephen Hayes

Stephen Hayes

Senior Vice President of Tax and Asset Management
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Transocean Office Locations

Transocean has offices in Vernier, Zug, Houston, Morgan City and in 12 other locations
Vernier, CH (HQ)
10 Chemin de Blandonnet
Zug, CH
30 Turmstrasse
Belas, AO
Av. Talatona
Perth, AU
Level 28Perth/140 St Georges Terrace
Botafogo, BR
802 22250 Praia de Botafogo
Granja dos Cavaleiros, BR
2500 Av. Pref. Aristeu Ferreira da Silva
Show all (18)

Transocean Financials and Metrics

Transocean Revenue

Transocean's revenue was reported to be $3.02 b in FY, 2018
USD

Revenue (Q2, 2019)

758.0m

Net income (Q2, 2019)

(206.0m)

EBIT (Q2, 2019)

(27.0m)

Market capitalization (16-Oct-2019)

2.9b

Closing stock price (16-Oct-2019)

4.8

Cash (30-Jun-2019)

2.2b

EV

10.0b
Transocean's current market capitalization is $2.9 b.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Revenue

7.4b4.2b3.0b3.0b

Revenue growth, %

(44%)(29%)

Cost of goods sold

3.9b2.8b2.2b

Gross profit

3.5b1.4b753.0m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

1.3b940.0m906.0m785.0m751.0m808.0m664.0m790.0m816.0m754.0m758.0m

Cost of goods sold

872.0m722.0m634.0m579.0m550.0m522.0m626.0m642.0m648.0m

Gross profit

469.0m218.0m272.0m206.0m201.0m286.0m38.0m148.0m168.0m

Gross profit Margin, %

35%23%30%26%27%35%6%19%21%
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Cash

2.3b3.1b2.5b2.2b

Accounts Receivable

1.3b833.0m597.0m604.0m

Inventories

627.0m561.0m418.0m

Current Assets

4.8b5.1b4.6b3.9b
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

2.6b2.2b2.5b3.1b2.5b2.7b2.7b2.5b2.3b1.9b2.2b

Accounts Receivable

1.1b936.0m887.0m850.0m624.0m663.0m576.0m619.0m627.0m

Inventories

625.0m597.0m585.0m553.0m517.0m437.0m457.0m414.0m401.0m

Current Assets

4.7b4.1b4.5b5.1b4.3b4.5b4.5b4.2b4.1b3.8b4.2b
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Net Income

897.0m827.0m(3.1b)(2.0b)

Depreciation and Amortization

963.0m893.0m832.0m818.0m

Accounts Payable

(828.0m)(286.0m)(115.0m)

Cash From Operating Activities

3.4b1.9b1.1b558.0m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

241.0m343.0m570.0m95.0m(1.6b)(1.8b)(212.0m)(1.4b)(1.8b)(171.0m)(377.0m)

Depreciation and Amortization

217.0m442.0m667.0m232.0m451.0m648.0m202.0m413.0m614.0m217.0m436.0m

Cash From Operating Activities

631.0m838.0m1.3b181.0m544.0m926.0m103.0m106.0m320.0m(51.0m)102.0m

Cash From Investing Activities

(364.0m)(811.0m)(1.1b)(118.0m)56.0m(46.0m)376.0m406.0m371.0m23.0m(34.0m)
USDY, 2019

EV/EBIT

-372.1 x

EV/CFO

98.5 x

EV/FCF

-279.1 x

Financial Leverage

2 x
Show all financial metrics

Transocean Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Ocean RigSeptember 04, 2018$2.70 b

Transocean Revenue Breakdown

Embed Graph

Transocean revenue breakdown by business segment: 91.9% from Contract Drilling and 8.1% from Other

Transocean revenue breakdown by geographic segment: 51.4% from US, 9.7% from UK, 27.7% from Other Countries and 11.3% from Brazil

Transocean Online and Social Media Presence

Embed Graph

Transocean News and Updates

Stocks making the biggest moves after hours: VEREIT, Transocean, Univar Solutions and more

See which stocks are posting big moves after the bell.

Transocean Ltd. Reports Second Quarter 2019 Results

STEINHAUSEN, Switzerland, July 29, 2019 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported net loss attributable to controlling interest of $208 million, $0.34 per diluted share, for the three months ended June 30, 2019.

Transocean Ltd. Announces Second Quarter 2019 Earnings Release Date

STEINHAUSEN, Switzerland, July 02, 2019 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the second quarter of 2019, on Monday, July 29, 2019, following the close of trading on the NYSE.

Stocks This Week: Buy Textron And Short Transocean

Here are a pair of short-term stock trades.

Transocean Ltd. Announces Pricing of U.S. $525 Million of Secured Notes Due 2023

STEINHAUSEN, Switzerland, May 15, 2019 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that Transocean Sentry Limited (“Transocean Sentry”), a wholly owned indirect subsidiary of Transocean, has priced an offering of U.S. $525 million in aggregate principal amount of senior secured…

Transocean Ltd. Announces Revolving Credit Facility Increase to $1.36 Billion

STEINHAUSEN, Switzerland, May 14, 2019 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it has amended the terms of its Revolving Credit Facility dated June 22, 2018 (“the Facility”) to increase the capacity of the Facility to $1.36 billion from $1.0 billion. The Facility conta…
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Transocean Frequently Asked Questions

  • When was Transocean founded?

    Transocean was founded in 1953.

  • Who are Transocean key executives?

    Transocean's key executives are Jeremy Thigpen, Mark Mey and Howard Davis.

  • How many employees does Transocean have?

    Transocean has 5,900 employees.

  • What is Transocean revenue?

    Latest Transocean annual revenue is $3 b.

  • What is Transocean revenue per employee?

    Latest Transocean revenue per employee is $511.5 k.

  • Who are Transocean competitors?

    Competitors of Transocean include Oceaneering International, Loews and Energold Drilling.

  • Where is Transocean headquarters?

    Transocean headquarters is located at 10 Chemin de Blandonnet, Vernier.

  • Where are Transocean offices?

    Transocean has offices in Vernier, Zug, Houston, Morgan City and in 12 other locations.

  • How many offices does Transocean have?

    Transocean has 18 offices.