Transocean Ltd.
Close on Oct 19, 2026
- Market cap
- $7.08B
- P/E (TTM)
- –
- Dividend yield
- –
About Transocean
Drilling Oil & Gas Wells, SIC 1381
Transocean Ltd. provides offshore contract drilling services for oil and gas wells, specializing in technically demanding ultra-deepwater and harsh environment environments. Operating across a single segment, the company contracts its mobile offshore drilling rigs, specialized equipment, and personnel to energy customers involved in both exploration and field development activities. Its operations focus on deploying high-specification floating rigs equipped with advanced dynamic positioning thrusters and dual-activity technology to support global offshore drilling initiatives.
The company operates a fleet of 27 mobile offshore drilling units, which includes 20 ultra-deepwater drillships and seven harsh environment semisubmersibles. Its drilling operations and asset deployments span international regions, including the U.S. Gulf, Brazil, Mexico, the Ivory Coast, and the Norwegian continental shelf. Transocean Ltd. is incorporated in Switzerland, maintaining its registered office and principal executive offices in Steinhausen, Canton of Zug.
Summary of the business section of Transocean's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Transocean Ltd.
- Headquarters
- Steinhausen, V8
- Address
- Turmstrasse 30 6312
- Phone
- 41 41 749 0500
- Employees
- 5,600, Dec 31, 2025
- Industry
- Drilling Oil & Gas Wells
- Incorporated in
- V8
- Fiscal year ends
- December 31
- Auditor
- Ernst & Young LLP, Houston, Texas
Stock & identifiers
- Ticker
- RIG
- Exchange
- NYSE
- Shares outstanding
- 1.12B, Jul 28, 2026
- Public float
- $2.34B, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 2-for-1, Sep 22, 1997
- SEC CIK
- 1451505
- CUSIP
- H8817H100
- ISIN
- USH8817H1008
- EIN
- 98-0599916
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Keelan Adamson | PRESIDENT AND CEO, Director | 1,600,884 |
| Jeremy D. Thigpen | Executive Chair, Director | 2,614,548 |
| Brady K. Long | EVP & Chief Legal Officer | 1,125,438 |
| Roderick James Mackenzie | EVP, Chief Commercial Officer | 268,025 |
| Robert Thaddeus Vayda | EVP, Chief Financial Officer | 352,726 |
| Jason Pack | SVP, Chief Accounting Officer | 262,103 |
| Chad C. Deaton | Director | 237,421 |
| Frederik Wilhelm Mohn | Director | 96,653,798 |
| Samuel J. Merksamer | Director | – |
| Frederico F. Curado | Director | – |
| Domenic J. Dell'Osso Jr | Director | – |
| Vincent J. Intrieri | Director | 20,000 |
| Vanessa C. L. Chang | Director | 69,200 |
| Glyn Anthony Barker | Director | 11,748 |
| William F. Lacey | Director | 61,419 |
| (Cyprus) Ltd Perestroika | Director | 96,574,894 |
| Perestroika | Director | 111,474,894 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Mr.Adamson | $8.79M | $11.65M | $3.09M | $179 | $165 |
| FY2025 Mr.Thigpen | $7.11M | $5.44M | $3.09M | $179 | $165 |
| FY2024 Mr. Jeremy D. Thigpen | $10.94M | -$5.61M | $3.73M | $55 | $102 |
| FY2024 Mr.Thigpen | $10.94M | -$5.61M | $3.73M | $55 | $102 |
| FY2023 Mr. Jeremy D. Thigpen | $11.36M | $21.70M | $4.43M | $92 | $115 |
| FY2023 Mr.Thigpen | $11.36M | $21.70M | $4.43M | $92 | $115 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Oct 14, 2026 | Merger vote | Definitive merger proxy statement |
| Jan 30, 2023 | Delisting | Notice of delisting from exchange (Form 25) |
| Oct 19, 2020 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| Sep 24, 2018 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Feb 6, 2018 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Jan 30, 2018 | Listing | Registration of securities on an exchange (Form 8-A) |
| Oct 4, 2017 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Mar 1, 2017 | Late filing | Notification of late filing |
| Dec 9, 2016 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Aug 15, 2016 | Merger | Registration of securities for a merger or exchange offer (S-4) |