Seadrill Buys Back $18.4M in Shares
Ticker: SDRL · Form: 6-K · Filed: Aug 5, 2024 · CIK: 1737706
Sentiment: bullish
Topics: share-repurchase, capital-return
TL;DR
Seadrill just bought back $18.4M of its own stock, signaling confidence.
AI Summary
Seadrill Limited announced on August 5, 2024, that it made several transactions under its share repurchase program. The company repurchased 1,000,000 ordinary shares at an average price of $18.40 per share, totaling approximately $18.4 million. These repurchases occurred between July 29, 2024, and August 2, 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 under an existing program, with no new material risks introduced.
Key Numbers
- $18.4M — Share Repurchases (Total amount spent by Seadrill on buying back its own shares.)
- 1,000,000 — Shares Repurchased (The volume of shares bought back under the program.)
Key Players & Entities
- Seadrill Limited (company) — The company making the announcement and executing the share repurchases.
- 1,000,000 (dollar_amount) — Number of ordinary shares repurchased.
- $18.40 (dollar_amount) — Average price per share for the repurchases.
- $18.4 million (dollar_amount) — Total value of shares repurchased.
- July 29, 2024, and August 2, 2024 (date) — The period during which the share repurchases were made.
FAQ
What is the total number of shares Seadrill has repurchased under its program?
The filing states that 1,000,000 ordinary shares were repurchased.
What was the average price paid per share for these repurchases?
The average price paid per share was $18.40.
What is the total monetary value of the shares repurchased?
The total value of the shares repurchased is approximately $18.4 million.
What is the reporting period for these share repurchase transactions?
The transactions occurred between July 29, 2024, and August 2, 2024.
Where is Seadrill Limited incorporated?
Seadrill Limited is incorporated in Bermuda.
Filing Stats: 579 words · 2 min read · ~2 pages · Grade level 8.5 · Accepted 2024-08-05 16:16:17
Key Financial Figures
- $200 million — ogram June 26, 2024 to repurchase up to $200 million of the Company's common shares in open
- $51.77 — f 327,345 shares at an average price of $51.77 per share. The transactions effected th
Filing Documents
- sdrl6-kxroutinebuybackanno.htm (6-K) — 36KB
- image_0.jpg (GRAPHIC) — 1KB
- image_6.jpg (GRAPHIC) — 1KB
- 0001628280-24-034742.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 August 5, 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.