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Transocean Ltd. Reports First Quarter 2021 Results
Transocean Ltd.May 3, 2021 GMT
Total contract drilling revenues were $653 million (total adjusted contract drilling revenues of $709 million), compared with $690 million in the fourth quarter of 2020 (total adjusted contract drilling revenues of $747 million);
Revenue efficiency(1) was 97.4%, compared with 97.2% in the prior quarter;
Operating and maintenance expense was $435 million, compared with $465 million in the prior period;
Net loss attributable to controlling interest was $99 million, $0.16 per diluted share, compared with net loss attributable to controlling interest of $37 million, $0.06 per diluted share, in the fourth quarter of 2020;
United-statesSwitzerlandSteinhausenSwitzerland-generalAmericaPam-eastonJeremy-thigpenTransocean-ltdSwiss-financial-services-act-finSecurities-exchangeOcean-rigEffective-tax-rateTransocean Ltd. Reports Fourth Quarter and Full Year 2020 Results
Total contract drilling revenues were $690 million (total adjusted contract drilling revenues of $747 million), compared with $773 million in the third quarter of 2020 (total adjusted contract drilling revenues of $830 million);
Revenue efficiency
Operating and maintenance expense was $465 million, compared with $470 million in the prior period;
Net loss attributable to controlling interest was $37 million, $0.06 per diluted share, compared with net income attributable to controlling interest of $359 million, $0.51 per diluted share, in the third quarter of 2020;
Adjusted net loss was $209 million, $0.34 per diluted share, excluding $172 million of net favorable items. This compares with adjusted net loss of $69 million, $0.11 per diluted share, in the previous quarter;
NorwaySwitzerlandSteinhausenSwitzerland-generalBrazilPam-eastonJeremy-thigpenTransocean-ltdSwiss-financial-services-act-finSecurities-exchangeOcean-rigEffective-tax-rate