OverviewSuggest Edit

Transocean is an international provider of offshore contract drilling services for oil and gas wells. Its primary business is to contract its drilling rigs, related equipment and work crews predominantly on a dayrate basis to drill oil and gas wells. The company specializes in technically demanding regions of the global offshore drilling business with a particular focus on ultra-deepwater and harsh environment drilling services.

TypePublic
Founded1953
HQVernier, CH
Websitedeepwater.com
Employee Ratings3.7

Latest Updates

Employees (est.) (Dec 2019)5,900
Job Openings23
Revenue (FY, 2020)$3.2 B(+3%)
Share Price (Jul 2021)$3.7(-7%)
Cybersecurity ratingBMore

Key People/Management at Transocean

Jeremy D. Thigpen

Jeremy D. Thigpen

President and Chief Executive Officer, Director
Keelan Adamson

Keelan Adamson

Executive Vice President and Chief Operations Officer
Brady Long

Brady Long

Executive Vice President and General Counsel
Mark Mey

Mark Mey

Executive Vice President and Chief Financial Officer
Howard E. Davis

Howard E. Davis

Executive Vice President, Chief Administrative Officer and Chief Information Officer
Roddie Mackenzie

Roddie Mackenzie

Senior Vice President, Marketing, Innovation and Industry Relations
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Transocean Office Locations

Transocean has offices in Vernier, Zug, Amelia, Houston and in 11 other locations
Vernier, CH (HQ)
10 Chemin de Blandonnet
Zug, CH
30 Turmstrasse
Luanda, AO
Edificio Marimba Talatona Via S10
Perth, AU
Level 28Perth/140 St Georges Terrace
Granja dos Cavaleiros, BR
2500 Av. Pref. Aristeu Ferreira da Silva
Rio de Janeiro, BR
R. Praia de Botafogo, 228 - bloco b - sala 802 - Botafogo
Show all (15)

Transocean Financials and Metrics

Transocean Revenue

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Transocean's revenue was reported to be $3.15 b in FY, 2020
USD

Revenue (Q1, 2021)

653.0m

Gross profit (Q1, 2021)

218.0m

Gross profit margin (Q1, 2021), %

33.4%

Net income (Q1, 2021)

(98.0m)

EBIT (Q1, 2021)

(67.0m)

Market capitalization (15-Jul-2021)

2.3b

Closing stock price (15-Jul-2021)

3.7

Cash (31-Mar-2021)

1.1b

EV

8.8b
Transocean's current market capitalization is $2.3 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

3.4b4.0b5.1b2.6b2.3b3.1b2.5b2.2b1.8b1.2b

Accounts Receivable

1.8b2.0b1.9b2.1b1.3b833.0m597.0m604.0m654.0m583.0m

Prepaid Expenses

169.0m621.0m382.0m242.0m159.0m159.0m

Inventories

627.0m561.0m418.0m
Quarterly
USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q1, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

1.6b2.9b4.6b3.8b3.4b3.3b4.0b4.0b6.0b3.7b3.4b2.7b2.6b2.2b2.5b3.1b2.5b2.7b2.7b2.5b2.3b1.9b2.2b1.9b1.5b1.5b1.4b1.1b

Accounts Receivable

2.3b2.3b2.3b2.2b2.1b2.0b2.2b2.1b2.2b2.1b2.1b2.0b1.1b936.0m887.0m850.0m624.0m663.0m576.0m619.0m627.0m665.0m645.0m639.0m654.0m703.0m699.0m511.0m

Prepaid Expenses

263.0m184.0m234.0m197.0m438.0m421.0m595.0m452.0m444.0m400.0m414.0m210.0m170.0m222.0m200.0m

Inventories

625.0m597.0m585.0m553.0m517.0m437.0m457.0m414.0m401.0m
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

961.0m(5.6b)(219.0m)(2.0b)897.0m827.0m(3.1b)(2.0b)(1.3b)(568.0m)

Depreciation and Amortization

1.6b1.4b1.1b1.1b963.0m893.0m832.0m930.0m1.0b996.0m

Accounts Payable

978.0m931.0m(828.0m)(286.0m)(115.0m)

Cash From Operating Activities

3.9b1.8b2.7b2.2b3.4b1.9b1.1b558.0m340.0m398.0m
Quarterly
USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q1, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

685.0m1.4b1.8b134.0m504.0m444.0m59.0m(285.0m)(668.0m)321.0m628.0m(469.0m)241.0m343.0m570.0m95.0m(1.6b)(1.8b)(212.0m)(1.4b)(1.8b)(171.0m)(377.0m)(1.2b)(391.0m)(888.0m)(529.0m)(99.0m)

Depreciation and Amortization

401.0m801.0m1.2b354.0m713.0m1.1b351.0m700.0m846.0m275.0m561.0m291.0m217.0m442.0m667.0m232.0m451.0m648.0m202.0m413.0m614.0m262.0m528.0m788.0m254.0m503.0m750.0m187.0m

Cash From Operating Activities

1.2b2.4b3.2b390.0m730.0m1.2b540.0m999.0m1.8b106.0m522.0m526.0m631.0m838.0m1.3b181.0m544.0m926.0m103.0m106.0m320.0m(51.0m)102.0m193.0m(48.0m)39.0m120.0m96.0m

Purchases of PP&E

(379.0m)(679.0m)(983.0m)(240.0m)(533.0m)(670.0m)(260.0m)(496.0m)(646.0m)(488.0m)(840.0m)(201.0m)(52.0m)(138.0m)(259.0m)(107.0m)(153.0m)(218.0m)(59.0m)
USDQ1, 2010

Financial Leverage

1.7 x
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Transocean Acquisitions / Subsidiaries

Company NameDateDeal Size
Ocean RigSeptember 04, 2018$2.7 b

Transocean Revenue Breakdown

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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 Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

Transocean Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Transocean Online and Social Media Presence

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Transocean News and Updates

Thinking about buying stock in Bridgeline Digital, Maxar Technologies, Microvision, Transocean, or INmune Bio?

NEW YORK, July 16, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for BLIN, MAXR, MVIS, RIG, and INMB. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

Thinking about buying stock in Clover Health, Transocean, ChemoCentryx, BioHiTech Global, or Welbilt?

NEW YORK, July 6, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for CLOV, RIG, CCXI, BHTG, and WBT. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

Thinking about buying stock in Kintara Therapeutics, US Well Services, Transocean, Marathon Oil, or Cerevel Therapeutics?

NEW YORK, July 1, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for KTRA, USWS, RIG, MRO, and CERE. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

Thinking about buying stock in Transocean, CNS Pharmaceuticals, Bsquare, Iterum Therapeutics, or United Airlines?

NEW YORK, June 29, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for RIG, CNSP, BSQR, ITRM, and UAL. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

Transocean Ltd. Announces $116 Million in Harsh Environment Contract Awards

STEINHAUSEN, Switzerland, June 16, 2021 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today the Transocean Barents was awarded a two-well contract in Norway with commencement expected in February 2022. The contract award is approximately 200 days in duration and adds an estimated $60 m…

Transocean Ltd. Announces Agreement with Shipyard to Delay Delivery, Defer Payments of Newbuild, Ultra-Deepwater Drillships

STEINHAUSEN, Switzerland, June 07, 2021 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it has agreed with Sembcorp Marine’s subsidiary, Jurong Shipyard Pte Ltd (JSPL), on the delayed delivery of the ultra-deepwater drillships Deepwater Atlas and Deepwater Titan. As part of th…
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Transocean Blogs

Transocean Ltd. Newbuilds Update

Transocean Ltd. Newbuilds Update ronryan.teano@… Sun, 06/06/2021 - 21:03 Transocean Ltd. Newbuilds Update Display "add to calendar" true Event Type Conference Presentation Click here for Webcast …

Transocean Ltd. Reports First Quarter 2021 Results

Total contract drilling revenues were $653 million (total adjusted contract drilling revenues of $709 million), compared with $690 million in the fourth quarter of 2020 (total adjusted contract drilling revenues of $747 million); Revenue efficiency (1) was 97.4%, compared with 97.2% in the prior

Q1 2021 Transocean Ltd. Earnings Conference Call

Q1 2021 Transocean Ltd. Earnings Conference Call James.Jordan@n… Fri, 04/23/2021 - 16:20 Q1 2021 Transocean Ltd. Earnings Conference Call Display "add to calendar" true Event Type Earnings Conference Call Click here for webcas…

Transocean Ltd. Reports Fourth Quarter and Full Year 2020 Results

Total contract drilling revenues were $690 million (total adjusted contract drilling revenues of $747 million), compared with $773 million in the third quarter of 2020 (total adjusted contract drilling revenues of $830 million); Revenue efficiency (1) was 97.2%, compared with 96.6% in the prior

Q4 2020 Transocean Ltd. Earnings Conference Call

Q4 2020 Transocean Ltd. Earnings Conference Call James.Jordan@n… Fri, 02/05/2021 - 16:27 Q4 2020 Transocean Ltd. Earnings Conference Call Display "add to calendar" true Event Type Earnings Conference Call Click here for webcas…

Transocean Ltd. Announces Deepwater Corcovado, Deepwater Mykonos Contract Extensions

STEINHAUSEN, Switzerland , Nov. 18, 2020 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that Petrobras has exercised a 680-day preexisting, fixed price option for the Deepwater   Corcovado , and a 815-day preexisting, fixed price option for the Deepwater Mykonos .
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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 D. Thigpen, Keelan Adamson and Brady Long.

  • How many employees does Transocean have?

    Transocean has 5,900 employees.

  • What is Transocean revenue?

    Latest Transocean annual revenue is $3.2 b.

  • What is Transocean revenue per employee?

    Latest Transocean revenue per employee is $534.2 k.

  • Who are Transocean competitors?

    Competitors of Transocean include Aban Offshore, Borr Drilling 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, Amelia, Houston and in 11 other locations.

  • How many offices does Transocean have?

    Transocean has 15 offices.