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Last 95.85 NOK
Change Today +0.15 / 0.16%
Volume 1.9M
As of 10:25 AM 04/20/15 All times are local (Market data is delayed by at least 15 minutes).

seadrill ltd (SDRL) Snapshot

Open
94.40 NOK
Previous Close
95.70 NOK
Day High
96.35 NOK
Day Low
92.85 NOK
52 Week High
07/3/14 - 249.00 NOK
52 Week Low
03/16/15 - 70.50 NOK
Market Cap
47.3B
Average Volume 10 Days
3.1M
EPS TTM
8.46 NOK
Shares Outstanding
493.1M
EX-Date
12/4/14
P/E TM
1.4x
Dividend
--
Dividend Yield
18.91%
Current Stock Chart for SEADRILL LTD (SDRL)

seadrill ltd (SDRL) Related Businessweek News

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seadrill ltd (SDRL) Details

Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates in three segments: Floaters, Jack-up Rigs, and Tender Rigs. The Floaters segment offers services, such as drilling, completion, and maintenance of offshore exploration and production wells under contracts relating to semi-submersible rigs and drillships for harsh and benign environments in mid, deep, and ultra-deep waters. The Jack-up Rigs segment provides services, including drilling, completion, and maintenance of offshore exploration and production wells under contracts relating to jack-up rigs for operations in harsh and benign environment. The Tender Rigs segment operates self-erecting tender barges and semi-submersible tender rigs, which are used for production drilling and well maintenance in Southeast Asia and West Africa. As of December 31, 2013, the company had a fleet of 69 units consisting of 15 semi-submersible rigs, 7 drillships, 20 jack-up rigs, 3 tender rigs, and 24 units under construction. Its customers include oil and gas exploration and production companies, including integrated oil companies, independent oil and gas producers, and government-owned oil and gas companies. The company is headquartered in Hamilton, Bermuda.

seadrill ltd (SDRL) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

seadrill ltd (SDRL) Key Developments

North Atlantic Drilling Ltd, Seadrill and Rosneft Oil Company to Extend Termination Date of Framework Agreement

North Atlantic Drilling Ltd, Seadrill and Rosneft Oil Company have mutually agreed to extend the termination date of the Framework Agreement until May 31, 2017, whereby any party can terminate the Framework Agreement and /or any offshore drilling contracts at any time prior to May 31, 2017 at no cost. Additionally, the companies have agreed to use reasonable efforts to renegotiate the terms and characteristics of the transactions contemplated in the Framework Agreement and the terms of the related offshore drilling contracts. During this time, NADL is permitted to market the offshore drilling rigs subject to existing drilling contracts with Rosneft and enter into binding contracts with third parties. NADL will also be permitted to delay the construction, delivery, or shipyard stay of any of those rigs. On August 22, 2014 North Atlantic Drilling Ltd. announced that it had entered into a Framework Agreement between NADL, Seadrill and Rosneft Oil Company. On November 7, 2014, the closing of the transaction was delayed until the end of May 2015.

SeaDrill Limited Announces Consolidated Earnings Results for the Fourth Quarter and Cash Flow Results for the Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter of 2015

Seadrill Limited announced consolidated earnings results for the fourth quarter and cash flow results for the year ended December 31, 2014. For the quarter, the company reported EBITDA of $672 million. Net income was $150 million and earnings per share were $0.32. Revenues for the fourth quarter of 2014 were $1,261 million compared to $1,293 million in the third quarter of 2014. Operating profit for the quarter was $452 million compared to $461 million in the preceding quarter. The decrease was primarily due to downtime on the West Phoenix and West Venture, removal of the West Vela following the sale to Seadrill Partners and loss on impairment of goodwill, offset by commencement of operations on the West Saturn, West Jupiter, and West Neptune and gain on disposals. Net financial and other items for the quarter showed a loss of $251 million compared to a loss of $232 million in the previous quarter. The loss was primarily related to interest expense and losses on the mark to market of derivative financial instruments, offset by interest income and foreign exchange gains. Net income was negatively impacted by a non-cash impairment of goodwill of $232 million relating to the Jack-up segment. For the year, the company reported net cash provided by operating activities of $1,574 million. For the first quarter of 2015, the company projected EBITDA of $40 million less than the $672 million reported in fourth quarter of 2014.

SeaDrill Limited Updates on Petrobras Contracts

At the time of its third quarter earnings release in November 2014, Seadrill Limited announced that Petrobras approval had been received for the extensions of its ultra-deepwater semi-submersibles the West Taurus and West Eminence. Due to recent developments within Petrobras, the Company no longer believes the contracts will be concluded in the timeframe or on the previously approved commercial terms. Consequently, Seadrill will remove $1.1 billion from the backlog reported in its third quarter earnings release. Seadrill continues to work with Petrobras and its partners to find a mutually agreeable commercial solution. At the time of the third quarter earnings release Seadrill also announced approval for contract awards on the Libra Field for the ultra-deepwater drillships the West Tellus and West Carina. The final contracts have been signed and commencement of operations is expected to begin in the second quarter of 2015. Update on Petrobras Contracts.

 

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Industry Analysis

SDRL

Industry Average

Valuation SDRL Industry Range
Price/Earnings 1.5x
Price/Sales 1.3x
Price/Book 0.6x
Price/Cash Flow 1.3x
TEV/Sales NM Not Meaningful
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