Transocean Ltd.RIG
What Transocean Ltd. does.
Transocean Ltd. (together with its subsidiaries and predecessors, unless the context requires otherwise, “Transocean,” the “Company,” “we,” “us” or “our”) is a leading international provider of offshore contract drilling services for oil and gas wells. As of February 17, 2026, we owned or had partial ownership interests in and operated 27 mobile offshore drilling units, consisting of 20 ultra-deepwater drillships and seven harsh environment semisubmersibles.
We provide, as our primary business, contract drilling services in a single operating segment, which involves contracting our mobile offshore drilling rigs, related equipment and work crews to drill oil and gas wells. We specialize in technically demanding regions of the global offshore drilling business with a particular focus on ultra-deepwater and harsh environment drilling services. Our drilling fleet is one of the most versatile fleets in the world, consisting of drillships and semisubmersible floaters used in support of offshore drilling activities and offshore support services on a worldwide basis.
Transocean Ltd. is a Swiss corporation with its registered office in Steinhausen, Canton of Zug, and with principal executive offices located at Turmstrasse 30, 6312 Steinhausen, Switzerland. Our telephone number at that address is +41 41 749-0500. Our shares are listed on the New York Stock Exchange under the ticker symbol “RIG.”
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $3.2B | $2.6B | $2.6B | $2.8B | $3.5B | $4.0B |
| Net income | -$567.0M | -$592.0M | -$621.0M | -$954.0M | -$512.0M | -$2.9B |
| Free cash flow | $133.0M | $367.0M | -$269.0M | -$263.0M | $193.0M | $626.0M |
More on RIG.
- Transocean Ltd. summary
- Transocean Ltd. financial statements
- Transocean Ltd. key metrics
- Transocean Ltd. health scores and style box
- Transocean Ltd. earnings
- Transocean Ltd. dividends
- Transocean Ltd. valuation
- Transocean Ltd. ownership and insiders
- Transocean Ltd. peers
Figures from Transocean Ltd.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.