Seadrill Ltd. Updates on Share Repurchase Program
Ticker: SDRL · Form: 6-K · Filed: Sep 3, 2024 · CIK: 1737706
Sentiment: neutral
Topics: share-repurchase, buyback, company-update
Related Tickers: SDRL
TL;DR
Seadrill is buying back its own stock, signaling confidence or a move to boost EPS.
AI Summary
Seadrill Limited announced on September 3, 2024, that it made transactions under its share repurchase program. The company did not disclose specific dollar amounts or the exact number of shares repurchased in this filing, but it confirms ongoing activity related to its buyback program.
Why It Matters
This filing indicates Seadrill is actively managing its share count, which can impact earnings per share and shareholder value.
Risk Assessment
Risk Level: low — The filing is an update on a routine share repurchase program and does not introduce new financial risks.
Key Players & Entities
- Seadrill Limited (company) — Registrant
- September 3, 2024 (date) — Announcement date
FAQ
What specific transactions were made under Seadrill's share repurchase program?
The filing states that transactions were made under the company's share repurchase program, but does not provide specific details on the number of shares or dollar amounts involved.
When was this announcement made?
The announcement was made on September 3, 2024.
What is the purpose of this Form 6-K filing?
This Form 6-K is a Report of Foreign Private Issuer filed to announce transactions made under the company's share repurchase program.
Is Seadrill Limited required to file annual reports under Form 20-F or 40-F?
Yes, Seadrill Limited indicates it files annual reports under cover of Form 20-F.
Where is Seadrill Limited's principal executive office located?
Seadrill Limited's principal executive office is located at Park Place, 55 Par-la-Ville Road, Hamilton HM 11, Bermuda.
Filing Stats: 579 words · 2 min read · ~2 pages · Grade level 9.6 · Accepted 2024-09-03 16:27:37
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 482,500 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
- 0001628280-24-039139.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 September 3, 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.