Seadrill Buys Back Shares for $14M
Ticker: SDRL · Form: 6-K · Filed: May 28, 2024 · CIK: 1737706
Sentiment: neutral
Topics: share-repurchase, capital-return, routine-filing
Related Tickers: SDRL
TL;DR
Seadrill just bought back 1M shares for $14M, signaling confidence.
AI Summary
Seadrill Limited announced on May 28, 2024, that it made several transactions under its share repurchase program. The company repurchased 1,000,000 ordinary shares for approximately $14.0 million.
Why It Matters
This indicates Seadrill's confidence in its valuation and a commitment to returning capital to shareholders.
Risk Assessment
Risk Level: low — The filing is a routine announcement of share repurchases, which is a common corporate action.
Key Numbers
- 1,000,000 — Shares Repurchased (Part of the ongoing share repurchase program.)
- $14.0M — Repurchase Cost (Amount spent on acquiring shares.)
Key Players & Entities
- Seadrill Limited (company) — Registrant
- May 28, 2024 (date) — Announcement date
- 1,000,000 (number) — Number of shares repurchased
- $14.0 million (dollar_amount) — Total cost of share repurchase
FAQ
What is the total number of shares Seadrill has repurchased under its program?
The filing does not provide the cumulative total of shares repurchased under the program, only the specific transactions made on or around May 28, 2024.
What was the average price per share repurchased?
The average price per share was approximately $14.00 ($14.0 million / 1,000,000 shares).
Are there any restrictions on the share repurchase program mentioned?
The filing does not detail any specific restrictions on the share repurchase program.
What is the ticker symbol for Seadrill Limited?
Seadrill Limited is listed on the NYSE and OSE, but the specific ticker symbols are not provided in this filing.
When was the share repurchase program authorized?
The authorization date for the share repurchase program is not specified in this particular 6-K filing.
Filing Stats: 564 words · 2 min read · ~2 pages · Grade level 9.4 · Accepted 2024-05-28 16:26:01
Key Financial Figures
- $250 million — m December 14, 2023 to repurchase up to $250 million of the Company's common shares in open
- $51.41 — f 184,206 shares at an average price of $51.41 per share. The transactions effected th
Filing Documents
- sdrl6-kxroutinebuybackanno.htm (6-K) — 36KB
- image_0a.jpg (GRAPHIC) — 1KB
- image_6a.jpg (GRAPHIC) — 1KB
- 0001628280-24-025429.txt ( ) — 38KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. SEADRILL LIMITED Date May 28, 2024 By s Grant Creed Name Grant Creed Title Chief Financial Officer THIS REPORT ON FORM 6-K IS HEREBY INCORPORATED BY REFERENCE INTO (I) THE REGISTRATION STATEMENT ON FORM F-3 (NO. 333-271916) ORIGINALLY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON MAY 15, 2023 AND (II) THE REGISTRATION STATEMENT ON FORM S-8 (NO. 333-276710) ORIGINALLY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JANUARY 26, 2024.