RIG

In the past six months (April 2026 - October 2026), Transocean Ltd. (RIG) stock was impacted by several key events. The company announced significant contract awards and backlog growth, including a new two-well contract with A/S Norske Shell for $62 million, formal approval of a $1.0 billion agreement with Equinor, an $80 million contract for the Deepwater Conqueror, and a $300 million contract for another ultra-deepwater drillship, alongside other contracts and extensions worth $1 billion. Transocean reported strong Q2 2026 results in August, with contract drilling revenue of $966 million and adjusted earnings per share of $0.03, both exceeding analyst estimates. The U.S. Department of Justice closed its antitrust review of Transocean's all-stock acquisition of Valaris, with Brazil's CADE being the last regulatory approval needed for an expected Q4 2026 close. Stock price movements included a 6.73% drop on October 7, 2026, an 8.99% rise on September 15, 2026, and a 7.6% jump on October 5, 2026, following the Deepwater Conqueror contract news.