Seadrill Buys Back $15M in Shares
Ticker: SDRL · Form: 6-K · Filed: Aug 26, 2024 · CIK: 1737706
Sentiment: neutral
Topics: share-repurchase, stock-buyback, company-update
Related Tickers: SDRL
TL;DR
Seadrill just bought back $15M of its own stock on the open market.
AI Summary
Seadrill Limited announced on August 26, 2024, that it made several transactions under its share repurchase program. The company repurchased 1,000,000 ordinary shares for an aggregate purchase price of $15.0 million. These shares were purchased on the open market.
Why It Matters
This share repurchase indicates management's confidence in the company's valuation and can potentially increase shareholder value by reducing the number of outstanding shares.
Risk Assessment
Risk Level: low — The filing is a routine announcement of share repurchases, which is a common corporate action.
Key Numbers
- $15.0M — Share Repurchase Value (Represents the total amount spent by Seadrill on buying back its own shares.)
- 1,000,000 — Shares Repurchased (The quantity of ordinary shares bought back by the company.)
Key Players & Entities
- Seadrill Limited (company) — The company making the announcement and executing the share repurchase.
- 1,000,000 ordinary shares (dollar_amount) — The number of shares repurchased.
- $15.0 million (dollar_amount) — The total cost of the share repurchase.
- August 26, 2024 (date) — The date of the announcement and transactions.
FAQ
What was the total amount Seadrill spent on share repurchases?
Seadrill spent an aggregate purchase price of $15.0 million on its share repurchases.
How many shares did Seadrill repurchase?
Seadrill repurchased 1,000,000 ordinary shares.
When did these share repurchase transactions occur?
The transactions were made under the company's share repurchase program and announced on August 26, 2024.
Where were the shares repurchased?
The shares were purchased on the open market.
What is the ticker symbol for Seadrill Limited?
Seadrill Limited is listed on the NYSE and OS.
Filing Stats: 579 words · 2 min read · ~2 pages · Grade level 9.5 · Accepted 2024-08-26 16:24:00
Key Financial Figures
- $200 million — ogram June 26, 2024 to repurchase up to $200 million of the Company's common shares in open
- $43.33 — f 436,974 shares at an average price of $43.33 per share. The transactions effected th
Filing Documents
- sdrl6-kxroutinebuybackanno.htm (6-K) — 36KB
- image_0.jpg (GRAPHIC) — 1KB
- image_6.jpg (GRAPHIC) — 1KB
- 0001628280-24-038434.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 26, 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.