Transocean Ltd
NYSE:RIG
ROE
Return on Equity
ROE, or Return on Equity, is a key financial ratio that measures a company's profitability. Specifically, it measures how many dollars of profit are generated for each dollar of shareholder's equity. A higher ROE indicates better financial performance and effective use of capital, making it a valuable metric for investors assessing a company's earning potential.
ROE Across Competitors
| Country | Company | Market Cap | ROE | ||
|---|---|---|---|---|---|
| CH |
|
Transocean Ltd
NYSE:RIG
|
2.5B USD |
-7%
|
|
| CN |
|
China Oilfield Services Ltd
SSE:601808
|
41.5B CNY |
8%
|
|
| US |
|
Noble Corporation PLC
CSE:NOBLE
|
31.4B DKK |
11%
|
|
| US |
|
Noble Corp (Cayman Island)
NYSE:NE
|
4.5B USD |
11%
|
|
| SA |
A
|
ADES Holding Company SJSC
SAU:2382
|
14.1B SAR |
13%
|
|
| BM |
|
Valaris Ltd
NYSE:VAL
|
3.2B USD |
15%
|
|
| US |
|
Patterson-UTI Energy Inc
NASDAQ:PTEN
|
2.5B USD |
-25%
|
|
| DK |
M
|
Maersk Drilling A/S
F:72D
|
1.9B EUR |
4%
|
|
| SA |
A
|
Arabian Drilling Co
SAU:2381
|
6.9B SAR |
4%
|
|
| BM |
|
Seadrill Ltd
NYSE:SDRL
|
1.8B USD |
13%
|
|
| US |
|
Helmerich and Payne Inc
NYSE:HP
|
1.6B USD |
8%
|
Transocean Ltd
Glance View
In the vast expanse of the offshore drilling industry, Transocean Ltd. stands as a formidable player, navigating the high seas of oil and gas exploration with a legacy rooted in deep-water expertise. Founded in 1953, the company has evolved to become a giant in the drilling sector, strategically positioning itself across the globe’s most promising basins. Transocean thrives by providing comprehensive offshore contract drilling services, primarily through its fleet of ultra-deepwater and harsh-environment rigs. This fleet, often referred to as the crown jewels of the company, enables oil and gas majors to tap into the underwater reservoirs lying beneath the ocean's floor. By leasing these sophisticated rigs and providing crews to operate them, Transocean generates a substantial portion of its revenue, capitalizing on the fluctuating demand for energy and commodities. Revenue streams flow robustly from long-term contracts secured with major oil companies, allowing Transocean to promise shareholders a degree of stability amid the cyclical nature of the energy sector. The company’s ability to command premium day rates for its state-of-the-art rigs is a testament to its commitment to technological innovation and operational excellence. By focusing on efficiency and safety, Transocean not only ensures the effectiveness of its drilling operations but also fortifies its reputation in an industry where mishaps can lead to significant setbacks. In essence, Transocean operates as both a key enabler and a steadfast partner in the quest for hydrocarbon exploration and production, its fortunes interlinked with the broader swings of the global energy market.
See Also
ROE, or Return on Equity, is a key financial ratio that measures a company's profitability. Specifically, it measures how many dollars of profit are generated for each dollar of shareholder's equity. A higher ROE indicates better financial performance and effective use of capital, making it a valuable metric for investors assessing a company's earning potential.
Based on Transocean Ltd's most recent financial statements, the company has ROE of -6.7%.
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