Seadrill Buys Back Shares for $19.9M
Ticker: SDRL · Form: 6-K · Filed: Aug 19, 2024 · CIK: 1737706
Sentiment: neutral
Topics: share-repurchase, capital-return, company-update
Related Tickers: SDRL
TL;DR
Seadrill just bought back $19.9M in stock, signaling confidence.
AI Summary
Seadrill Limited announced on August 19, 2024, that it made several transactions under its share repurchase program. The company repurchased 1,000,000 ordinary shares for a total cost of $19.9 million.
Why It Matters
This indicates Seadrill's confidence in its own 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
- $19.9M — Share Repurchase Cost (Total amount spent by Seadrill on buying back its own shares.)
- 1,000,000 — Shares Repurchased (Number of ordinary shares bought back by the company.)
Key Players & Entities
- Seadrill Limited (company) — The company making the announcement and executing the share repurchase.
- August 19, 2024 (date) — The date of the announcement and the transactions.
- $19.9 million (dollar_amount) — The total cost of the shares repurchased.
- 1,000,000 (number) — The number of ordinary shares repurchased.
FAQ
What is the total number of shares Seadrill repurchased?
Seadrill repurchased 1,000,000 ordinary shares.
What was the total cost of the share repurchase program transactions?
The total cost for the repurchased shares was $19.9 million.
On what date were these transactions announced?
The announcement was made on August 19, 2024.
Under which program were these shares repurchased?
The shares were repurchased under the company's share repurchase program.
What is Seadrill's stock ticker symbol?
Seadrill's stock ticker symbols are NYSE & OS (as indicated in the filing).
Filing Stats: 579 words · 2 min read · ~2 pages · Grade level 9.5 · Accepted 2024-08-19 16:14:21
Key Financial Figures
- $200 million — ogram June 26, 2024 to repurchase up to $200 million of the Company's common shares in open
- $44.92 — f 397,500 shares at an average price of $44.92 per share. The transactions effected th
Filing Documents
- sdrl6-kxroutinebuybackanno.htm (6-K) — 36KB
- image_0.jpg (GRAPHIC) — 1KB
- image_6.jpg (GRAPHIC) — 1KB
- 0001628280-24-037698.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 19, 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.