Transocean Ltd.

For the period ended Jun 30, 2025. Filed Aug 5, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 5, 2025

RIG$5.18+0.2%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations

(in millions, except per share data)


· · Three months ended · · Six months ended ·
· · June 30, · · June 30, ·
· 2025 · 2024 · 2025 · 2024

Contract drilling revenues	$988	$861	$1,894	$1,624

Costs and expenses
Operating and maintenance	599	534	1,217	1,057
Depreciation and amortization	175	184	351	369
General and administrative	49	59	99	111
	823	777	1,667	1,537

Loss on impairment of assets	(1,136)	(143)	(1,136)	(143)
Gain (loss) on disposal of assets, net	7	—	9	(6)
Operating loss	(964)	(59)	(900)	(62)

Other income (expense), net
Interest income	10	14	18	29
Interest expense, net of amounts capitalized	(112)	(74)	(228)	(191)
Gain on retirement of debt	—	140	—	140
Other, net	(27)	12	(23)	24
	(129)	92	(233)	2

Income (loss) before income tax expense (benefit)	(1,093)	33	(1,133)	(60)
Income tax expense (benefit)	(155)	156	(116)	(35)

Net loss	(938)	(123)	(1,017)	(25)
Net income attributable to noncontrolling interest	—	—	—	—
Net loss attributable to controlling interest	$(938)	$(123)	$(1,017)	$(25)

Loss per share, basic and diluted	$(1.06)	$(0.15)	$(1.15)	$(0.03)
Weighted-average shares outstanding, basic and diluted	888	824	885	821

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.