Seadrill Buys Back $19M in Shares
Ticker: SDRL · Form: 6-K · Filed: Jul 29, 2024 · CIK: 1737706
Sentiment: bullish
Topics: share-repurchase, capital-return, buyback
Related Tickers: SDRL
TL;DR
Seadrill just bought back $19M of its own stock, showing they think it's cheap.
AI Summary
Seadrill Limited announced on July 29, 2024, that it made several transactions under its share repurchase program. The company repurchased 1,000,000 ordinary shares at an average price of $19.00 per share, totaling $19,000,000. These repurchases occurred between July 22 and July 26, 2024.
Why It Matters
This indicates Seadrill's confidence in its own valuation and its 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
- $19.0M — Share Repurchases (Total value of shares bought back by Seadrill under its program.)
- 1.0M — Shares Repurchased (Number of ordinary shares repurchased by Seadrill.)
Key Players & Entities
- Seadrill Limited (company) — The company making the announcement and executing the share repurchases.
- 1,000,000 (dollar_amount) — The number of ordinary shares repurchased by Seadrill.
- $19.00 (dollar_amount) — The average price per share paid for the repurchased shares.
- $19,000,000 (dollar_amount) — The total value of the shares repurchased.
- July 22, 2024 (date) — The start date of the share repurchase transactions.
- July 26, 2024 (date) — The end date of the share repurchase transactions.
FAQ
What is the total value of the shares Seadrill repurchased?
Seadrill repurchased shares totaling $19,000,000.
How many shares did Seadrill repurchase?
Seadrill repurchased 1,000,000 ordinary shares.
What was the average price per share for the repurchases?
The average price per share was $19.00.
During what period did these repurchases occur?
The repurchases occurred between July 22, 2024, and July 26, 2024.
What program are these transactions part of?
These transactions are part of Seadrill's share repurchase program.
Filing Stats: 579 words · 2 min read · ~2 pages · Grade level 8.5 · Accepted 2024-07-29 16:44:52
Key Financial Figures
- $200 million — ogram June 26, 2024 to repurchase up to $200 million of the Company's common shares in open
- $54.77 — f 158,387 shares at an average price of $54.77 per share. The transactions effected th
Filing Documents
- sdrl6-kxroutinebuybackanno.htm (6-K) — 36KB
- image_0.jpg (GRAPHIC) — 1KB
- image_6.jpg (GRAPHIC) — 1KB
- 0001628280-24-033306.txt ( ) — 39KB
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 July 29, 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.