SEADRILL Ltd.
- SDRL · NYSE
- Drilling Oil & Gas Wells
- Hamilton, Bermuda
- 3,000 employees
- CIK 0001737706
Updated from SEC filings through
Top things to know
Executives
- Samir Ali President and Chief Executive Officer 8-K, 2026-11-03
- Samir H. Ali President & CEO 4, 2026-04-28
- Grant R. Creed Executive Vice President & CFO 4, 2026-06-12
- Grant Creed Executive Vice President, Chief Financial Officer 10-K, 2026-02-26
- Todd Strickler Senior Vice President, General Counsel 10-K, 2026-02-26
- Torsten Sauer-Petersen Executive Vice President 10-K, 2026-02-26
What leadership is saying
“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”
Earnings press release (8-K Ex. 99.1), filed November 3, 2026
SEADRILL Ltd is a U.S. public company in drilling oil & gas wells (SIC 1381), headquartered in Hamilton, Bermuda. It trades as SDRL on NYSE. Revenue was $1.4B in the fiscal year ending December 31, 2025, +3.8% from the year before. It reported about 3,000 employees. Samir Ali is President and Chief Executive Officer.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $1.4B 10-K, 2026-02-26 | $1.4B 10-K, 2026-02-26 | $1.5B 10-K, 2026-02-26 | $907M 20-F, 2024-03-27 | $961M 20-F, 2023-04-19 |
| Operating income | $47.0M 10-K, 2026-02-26 | $412M 10-K, 2026-02-26 | $329M 10-K, 2026-02-26 | -$156M 20-F, 2024-03-27 | -$4.5B 20-F, 2023-04-19 |
| SG&A | $103M 10-K, 2026-02-26 | $107M 10-K, 2026-02-26 | $74.0M 10-K, 2026-02-26 | $67.0M 20-F, 2024-03-27 | $74.0M 20-F, 2023-04-19 |
| Net income | -$77.0M 10-K, 2026-02-26 | $446M 10-K, 2026-02-26 | $300M 10-K, 2026-02-26 | -$587M 20-F, 2023-04-19 | -$4.7B 20-F, 2023-04-19 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Samir Ali Strategic financial leader who drives critical business goals forward by solving complex challenges and promoting long-term financial health through creative im | President and Chief Executive Officer | 8-K, 2026-11-03 |
| Samir H. Ali | President & CEO | 4, 2026-04-28 |
| Grant R. Creed | Executive Vice President & CFO | 4, 2026-06-12 |
| Grant Creed EVP & Chief Financial Officer at Seadrill | Executive Vice President, Chief Financial Officer | 10-K, 2026-02-26 |
| Todd Strickler Senior Vice President and General Counsel at Seadrill | Senior Vice President, General Counsel | 10-K, 2026-02-26 |
| Torsten Sauer-Petersen EVP & Chief Technology and Sustainability Officer | Offshore drilling | Digital ops excellence | Capital allocation discipline | Value realisation | Board engag | Executive Vice President | 10-K, 2026-02-26 |
| Marcel Wieggers Senior Vice President - Operations | Senior VP, Operations | 4, 2026-06-12 |
| Todd D. Strickler | SVP & General Counsel | 4, 2026-06-12 |
| Andrew Schultz | Board member (per proxy) bio: Director | DEF 14A, 2026-04-20 |
| Jan Kjærvik | Board member (per proxy) bio: Director | DEF 14A, 2026-04-20 |
| Jean Cahuzac | Board member (per proxy) bio: Director | DEF 14A, 2026-04-20 |
| Mark McCollum | Board member (per proxy) bio: Director | DEF 14A, 2026-04-20 |
| Paul Smith | Board member (per proxy) bio: Director | DEF 14A, 2026-04-20 |
| Julie J. Robertson | Chairman of our Board of Directors | 10-K, 2026-02-26 |
| Harry Quarls | Director | 10-K, 2026-02-26 |
What SEADRILL Ltd does
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.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 61.5 million (as of October 30, 2026) | 10-Q, November 4, 2026 |
|---|---|---|
| Public float | $849M (as of June 30, 2025) | 10-K, February 26, 2026 |
| Reportable segments | 1 (period ending June 30, 2023) | 6-K, August 15, 2023 |
| Latest proxy statement | Meeting June 3, 2026 (filed April 20, 2026) | DEF 14A, April 20, 2026 |
| Auditor | PricewaterhouseCoopers LLP (Houston, Texas) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| June 11, 2026 | Grant R. Creed Executive Vice President & CFO | Sale | 34,147 | $1.5M | Form 4, June 12, 2026 |
| June 11, 2026 | Marcel Wieggers Senior VP, Operations | Sale | 13,475 | $606K | Form 4, June 12, 2026 |
| June 10, 2026 | Torsten Sauer-Petersen See Remarks | Sale | 42,625 | $1.9M | Form 4, June 12, 2026 |
| June 10, 2026 | Todd D. Strickler SVP & General Counsel | Sale | 31,409 | $1.4M | Form 4, June 12, 2026 |
Recent 8-K events
- 8-K filed 2026-11-03
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-08-10
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-06-30
- Item 1.01 Entry into a material definitive agreement
- Item 2.03 Creation of a direct financial obligation
- Item 8.01 Other events
- 8-K filed 2026-06-22
- Item 7.01 Regulation FD disclosure
- Item 8.01 Other events
- 8-K filed 2026-06-18
- Item 1.01 Entry into a material definitive agreement
- Item 2.03 Creation of a direct financial obligation
- 8-K filed 2026-06-15
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-06-05
- Item 5.02 Departure or appointment of directors or officers; compensation
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2026-05-11
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-03-18
- Item 5.02 Departure or appointment of directors or officers; compensation
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-02-25
- Item 2.02 Results of operations and financial condition (earnings release)
Frequently asked questions about SEADRILL Ltd
- What does SEADRILL Ltd do?
- In its own words, from Item 1 of its 10-K: "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."
- What is SEADRILL Ltd's revenue?
- $1.4B for the fiscal year ending December 31, 2025, from its 10-K filed February 26, 2026.
- Is SEADRILL Ltd profitable?
- SEADRILL Ltd reported net income of -$77.0M for the fiscal year ending December 31, 2025.
- How many employees does SEADRILL Ltd have?
- About 3,000 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of SEADRILL Ltd?
- Samir Ali, President and Chief Executive Officer, as named in a 8-K filed November 3, 2026.
- Who is the CFO of SEADRILL Ltd?
- Grant R. Creed, Executive Vice President & CFO, as named in a 4 filed June 12, 2026.
- Where is SEADRILL Ltd headquartered?
- Hamilton, Bermuda.
- What is SEADRILL Ltd's stock ticker?
- SDRL on NYSE.
- What industry is SEADRILL Ltd in?
- Drilling Oil & Gas Wells, SIC code 1381.
- What is SEADRILL Ltd's website?
- seadrill.com.
- When does SEADRILL Ltd report earnings next?
- February 2, 2027. Source: estimate_8k_pattern.
- Is SEADRILL Ltd a public company?
- Yes. SEADRILL Ltd files with the SEC under CIK 0001737706 and trades as SDRL.
- Who audits SEADRILL Ltd?
- PricewaterhouseCoopers LLP, Houston, Texas, as named in its latest annual report (10-K).
- How many shares of SEADRILL Ltd are outstanding?
- 61.5 million shares as of October 30, 2026, from its 10-Q filed November 4, 2026.
- What is SEADRILL Ltd's public float?
- $849M as of June 30, 2025, as reported on the cover of its 10-K filed February 26, 2026.
- How many business segments does SEADRILL Ltd report?
- 1 reportable segment for the period ending June 30, 2023, from its 6-K filed August 15, 2023.
- When is SEADRILL Ltd's annual shareholder meeting?
- June 3, 2026, per its proxy statement (DEF 14A) filed April 20, 2026.
- Have SEADRILL Ltd insiders traded stock recently?
- Since June 10, 2026, officers and directors reported 4 open-market sales worth about $5.4M and 0 purchases on Forms 4 and 5. The most recent: Grant R. Creed (Executive Vice President & CFO) sold 34,147 shares on June 11, 2026.