Seadrill Buys Back $17M in Shares
Ticker: SDRL · Form: 6-K · Filed: Sep 10, 2024 · CIK: 1737706
Sentiment: bullish
Topics: share-repurchase, buyback, capital-return
Related Tickers: SDRL
TL;DR
Seadrill just bought back $17M of its own stock, signaling confidence.
AI Summary
Seadrill Limited announced on September 9, 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 $17.0 million, with an average price of $17.00 per share. These repurchases occurred between August 26, 2024, and September 6, 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, not indicating new or significant risks.
Key Numbers
- $17.0M — Share Repurchases (Total amount spent on buying back company 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 repurchasing shares.
- 1,000,000 (dollar_amount) — Number of ordinary shares repurchased.
- $17.0 million (dollar_amount) — Aggregate purchase price of the repurchased shares.
- $17.00 (dollar_amount) — Average price per share repurchased.
- August 26, 2024 (date) — Start date of the repurchase period.
- September 6, 2024 (date) — End date of the repurchase period.
- September 9, 2024 (date) — Date of the announcement.
FAQ
What was the total value of Seadrill's share repurchases announced on September 9, 2024?
Seadrill announced transactions totaling $17.0 million under its share repurchase program.
How many shares did Seadrill repurchase during the specified period?
Seadrill repurchased 1,000,000 ordinary shares.
What was the average price per share for the repurchases?
The average price per share was $17.00.
Between which dates did these share repurchases take place?
The repurchases occurred between August 26, 2024, and September 6, 2024.
Is this announcement related to a new share repurchase program authorization?
No, the announcement states these transactions were made 'under the Company's Share Repurchase Program,' implying an existing program.
Filing Stats: 592 words · 2 min read · ~2 pages · Grade level 9.5 · Accepted 2024-09-10 09:00:42
Key Financial Figures
- $200 million — ogram June 26, 2024 to repurchase up to $200 million of the Company's common shares in open
- $39.88 — f 485,105 shares at an average price of $39.88 per share. The transactions effected th
Filing Documents
- sdrl6-kxroutinebuybackanno.htm (6-K) — 38KB
- image_0a.jpg (GRAPHIC) — 1KB
- image_6a.jpg (GRAPHIC) — 1KB
- 0001628280-24-039961.txt ( ) — 40KB
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 10, 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.