Seadrill Limited SDRL

Company Overview

Seadrill Limited (NYSE: SDRL) is an offshore drilling contractor focused on providing deepwater and harsh-environment drilling services to oil and gas companies worldwide. The company operates primarily in the offshore energy industry, with a fleet centered on ultra-deepwater drillships, semi-submersible rigs, and jack-up rigs used for exploration, development, and production drilling activities. Seadrill’s revenue is primarily generated through long-term and short-term drilling contracts with major integrated oil companies, national oil companies, and independent exploration and production firms.

The modern Seadrill business emerged from a series of restructurings and portfolio changes following industry downturns in offshore drilling markets during the mid-2010s and early 2020s. The company reorganized through Chapter 11 proceedings completed in 2022 and subsequently repositioned its portfolio toward higher-specification offshore assets and operational efficiency. Seadrill has emphasized disciplined capital allocation, fleet modernization, and exposure to premium offshore basins where customer demand for technically advanced rigs remains comparatively strong.