# SEADRILL Ltd (SDRL)

> Cited company facts from SEC filings, by Steadybase. Web page: https://steadybase.io/company/seadrill-ltd/ JSON: https://steadybase.io/company/seadrill-ltd.json Checked Nov 10, 2026. Latest filing read: Nov 4, 2026.

## Company

- Legal name: SEADRILL Ltd
- Ticker: SDRL (NYSE)
- SEC CIK: 0001737706
- Industry: Drilling Oil & Gas Wells (SIC 1381)
- Headquarters: Hamilton
- Fiscal year ends: December 31
- SEC filer category: Large accelerated filer
- Website: seadrill.com
- LinkedIn: https://www.linkedin.com/company/seadrill
- Next earnings date: Feb 2, 2027 (estimated from past 8-K timing)

## Key facts

- Revenue: $1.4B for the fiscal year ended Dec 31, 2025 (10-K filed Feb 26, 2026). Source: https://www.sec.gov/Archives/edgar/data/1737706/000173770626000010/0001737706-26-000010-index.html
- Operating income: $47.0M for the fiscal year ended Dec 31, 2025 (10-K filed Feb 26, 2026). Source: https://www.sec.gov/Archives/edgar/data/1737706/000173770626000010/0001737706-26-000010-index.html
- Net income: -$77.0M for the fiscal year ended Dec 31, 2025 (10-K filed Feb 26, 2026). Source: https://www.sec.gov/Archives/edgar/data/1737706/000173770626000010/0001737706-26-000010-index.html
- SG&A: $103.0M for the fiscal year ended Dec 31, 2025 (10-K filed Feb 26, 2026). Source: https://www.sec.gov/Archives/edgar/data/1737706/000173770626000010/0001737706-26-000010-index.html
- Employees: 3,000 as of Dec 31, 2025, as reported in an SEC filing. Source: https://www.sec.gov/Archives/edgar/data/1737706/000173770626000010/sdrl-20251231.htm
- Shares outstanding: 61,498,053 as of Oct 30, 2026 (10-Q filed Nov 4, 2026). Source: https://www.sec.gov/Archives/edgar/data/1737706/000173770626000033/0001737706-26-000033-index.html
- Auditor: Pricewaterhousecoopers LLP, Houston, Texas, named in the latest 10-K. Source: https://www.sec.gov/Archives/edgar/data/1737706/000173770626000010/sdrl-20251231.htm

## Business

We are an offshore drilling contractor providing worldwide offshore drilling services to the oil and gas industry. Our primary business is the ownership and operation of drillships and semi-submersible rigs for operations in shallow to ultra-deepwater in both benign and harsh environments. We contract our drilling units to drill wells for our customers on a dayrate basis. Our customers include oil super-majors, state-owned national oil companies, and independent oil and gas companies. In addition, we provide management services to certain affiliated entities.

Source: Item 1. Business, https://www.sec.gov/Archives/edgar/data/1737706/000173770626000010/sdrl-20251231.htm

## Annual results

| Fiscal year ended | Revenue | Operating income | Net income | SG&A |
|---|---|---|---|---|
| Dec 31, 2025 | $1.4B | $47.0M | -$77.0M | $103.0M |
| Dec 31, 2024 | $1.4B | $412.0M | $446.0M | $107.0M |
| Dec 31, 2023 | $1.5B | $329.0M | $300.0M | $74.0M |
| Dec 31, 2021 | $907.0M | -$156.0M | -$587.0M | $67.0M |
| Dec 31, 2020 | $961.0M | -$4.5B | -$4.7B | $74.0M |

Each figure comes from the annual report for that year. Filing links for every figure: https://steadybase.io/company/seadrill-ltd.json

## Officers and directors

- Samir Ali, President and Chief Executive Officer. LinkedIn: https://linkedin.com/in/samir-h-ali. Source: 8-K filed Nov 3, 2026, https://www.sec.gov/Archives/edgar/data/1737706/000173770626000029/seadrillpressreleaseq32026.htm
- Samir H. Ali, President & CEO. Source: Form 4 filed Apr 28, 2026, https://www.sec.gov/Archives/edgar/data/1737706/000119312526184849/0001193125-26-184849-index.htm
- Grant R. Creed, Executive Vice President & CFO. Source: Form 4 filed Jun 12, 2026, https://www.sec.gov/Archives/edgar/data/1737706/000119312526269267/0001193125-26-269267-index.htm
- Grant Creed, Executive Vice President, Chief Financial Officer. LinkedIn: https://linkedin.com/in/grant-creed-4417571b0. Source: 10-K filed Feb 26, 2026, https://www.sec.gov/Archives/edgar/data/1737706/000173770626000010/sdrl-20251231.htm
- Todd D. Strickler, SVP & General Counsel. Source: Form 4 filed Jun 12, 2026, https://www.sec.gov/Archives/edgar/data/1737706/000119312526269259/0001193125-26-269259-index.htm
- Todd Strickler, Senior Vice President, General Counsel. LinkedIn: https://linkedin.com/in/todd-strickler-7a320058. Source: 10-K filed Feb 26, 2026, https://www.sec.gov/Archives/edgar/data/1737706/000173770626000010/sdrl-20251231.htm
- Torsten Sauer-Petersen, Executive Vice President. LinkedIn: https://linkedin.com/in/torstensauerpetersen. Source: 10-K filed Feb 26, 2026, https://www.sec.gov/Archives/edgar/data/1737706/000173770626000010/sdrl-20251231.htm
- Julie J. Robertson, Chairman of our Board of Directors. Source: 10-K filed Feb 26, 2026, https://www.sec.gov/Archives/edgar/data/1737706/000173770626000010/sdrl-20251231.htm
- Marcel Wieggers, Senior VP, Operations. LinkedIn: https://linkedin.com/in/marcel-wieggers-25b84913. Source: Form 4 filed Jun 12, 2026, https://www.sec.gov/Archives/edgar/data/1737706/000119312526269254/0001193125-26-269254-index.htm
- Harry Quarls, Director. Source: 10-K filed Feb 26, 2026, https://www.sec.gov/Archives/edgar/data/1737706/000173770626000010/sdrl-20251231.htm
- Andrew Schultz, Board member (per proxy). Source: DEF 14A filed Apr 20, 2026, https://www.sec.gov/Archives/edgar/data/1737706/000114036126015486/ny20062826x1_def14a.htm
- Jan Kjærvik, Board member (per proxy). Source: DEF 14A filed Apr 20, 2026, https://www.sec.gov/Archives/edgar/data/1737706/000114036126015486/ny20062826x1_def14a.htm
- Jean Cahuzac, Board member (per proxy). Source: DEF 14A filed Apr 20, 2026, https://www.sec.gov/Archives/edgar/data/1737706/000114036126015486/ny20062826x1_def14a.htm
- Mark McCollum, Board member (per proxy). Source: DEF 14A filed Apr 20, 2026, https://www.sec.gov/Archives/edgar/data/1737706/000114036126015486/ny20062826x1_def14a.htm
- Paul Smith, Board member (per proxy). Source: DEF 14A filed Apr 20, 2026, https://www.sec.gov/Archives/edgar/data/1737706/000114036126015486/ny20062826x1_def14a.htm

## Recent 8-K events

- Nov 3, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1737706/000173770626000029/sdrl-20261103.htm
- Aug 10, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1737706/000173770626000023/sdrl-20260810.htm
- Jun 30, 2026: Item 1.01, Entry into a material definitive agreement; Item 2.03, Creation of a direct financial obligation; Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1737706/000119312526290671/d106615d8k.htm
- Jun 22, 2026: Item 7.01, Regulation FD disclosure; Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1737706/000119312526277610/d112984d8k.htm
- Jun 18, 2026: Item 1.01, Entry into a material definitive agreement; Item 2.03, Creation of a direct financial obligation; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1737706/000119312526275884/d35183d8k.htm
- Jun 15, 2026: Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1737706/000119312526270307/d921461d8k.htm
- Jun 5, 2026: Item 5.02, Departure or appointment of directors or officers; compensation; Item 5.07, Submission of matters to a vote of security holders; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1737706/000119312526258288/d138409d8k.htm
- May 11, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1737706/000173770626000013/sdrl-20260511.htm
- Mar 18, 2026: Item 5.02, Departure or appointment of directors or officers; compensation; Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1737706/000119312526113974/d28707d8k.htm
- Feb 25, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1737706/000173770626000006/sdrl-20260225.htm

## Insider trades (Form 4)

- Jun 11, 2026: Grant R. Creed (Executive Vice President & CFO) sold 34,147 shares, about $1.5M. Source: https://www.sec.gov/Archives/edgar/data/1737706/000119312526269267/0001193125-26-269267-index.htm
- Jun 11, 2026: Marcel Wieggers (Senior VP, Operations) sold 13,475 shares, about $605,566. Source: https://www.sec.gov/Archives/edgar/data/1737706/000119312526269254/0001193125-26-269254-index.htm
- Jun 10, 2026: Torsten Sauer-Petersen (See Remarks) sold 42,625 shares, about $1.9M. Source: https://www.sec.gov/Archives/edgar/data/1737706/000119312526269269/0001193125-26-269269-index.htm
- Jun 10, 2026: Todd D. Strickler (SVP & General Counsel) sold 31,409 shares, about $1.4M. Source: https://www.sec.gov/Archives/edgar/data/1737706/000119312526269259/0001193125-26-269259-index.htm

## What management said

- "Seadrill generated $179 million of Free Cash Flow in the third quarter, delivering on our commitment to convert backlog into cash. Over 85% of available drillship days are now contracted in 2027, further enhancing visibility into next year’s earnings and cash flow" Samir Ali, President and Chief Executive Officer (8-K filed Nov 3, 2026). Source: https://www.sec.gov/Archives/edgar/data/1737706/000173770626000029/seadrillpressreleaseq32026.htm

## Latest filings

- 8-K filed Nov 3, 2026: https://www.sec.gov/Archives/edgar/data/1737706/000173770626000029/sdrl-20261103.htm
- 10-K filed Feb 26, 2026: https://www.sec.gov/Archives/edgar/data/1737706/000173770626000010/sdrl-20251231.htm
- 10-Q filed Aug 10, 2026: https://www.sec.gov/Archives/edgar/data/1737706/000173770626000026/sdrl-20260630.htm
- 20f filed Mar 27, 2024: https://www.sec.gov/Archives/edgar/data/1737706/000162828024013140/sdrl-20231231.htm
- DEF 14A filed Apr 20, 2026: https://www.sec.gov/Archives/edgar/data/1737706/000114036126015486/ny20062826x1_def14a.htm

## About this data

SEC EDGAR filings, read by Steadybase. Every value links to the filing it came from.
Steadybase covers US-headquartered public companies that file with the SEC. API and MCP access: https://steadybase.io/docs/