Transocean Ltd.

NYSE:RIG Stock Report

Market Cap: US$3.1b

Transocean Management

Management criteria checks 3/4

Transocean's CEO is Jeremy Thigpen, appointed in Apr 2015, has a tenure of 9.67 years. total yearly compensation is $11.36M, comprised of 10.1% salary and 89.9% bonuses, including company stock and options. directly owns 0.59% of the company’s shares, worth $18.28M. The average tenure of the management team and the board of directors is 6.5 years and 11.1 years respectively.

Key information

Jeremy Thigpen

Chief executive officer

US$11.4m

Total compensation

CEO salary percentage10.1%
CEO tenure9.7yrs
CEO ownership0.6%
Management average tenure6.5yrs
Board average tenure11.1yrs

Recent management updates

Recent updates

Returns At Transocean (NYSE:RIG) Are On The Way Up

Nov 27
Returns At Transocean (NYSE:RIG) Are On The Way Up

Transocean's Management Is Highly Optimistic

Nov 23

Transocean: Improved Balance Sheet And Catalyst On The Horizon

Nov 13

Take Care Before Diving Into The Deep End On Transocean Ltd. (NYSE:RIG)

Nov 01
Take Care Before Diving Into The Deep End On Transocean Ltd. (NYSE:RIG)

Transocean: Management Is Keeping This Rig From Sinking

Oct 27

Transocean: Record Low Stock Price And Record High Dayrates

Sep 15

Transocean Stock: Selloff On Massive Impairment Charge Overdone -- Upgrading To Buy

Sep 03

Transocean Records Record High Dayrates, But More Is Yet To Come

Aug 02

Transocean Bags Record Dayrate For 8th Generation Drillship - Hold

Jul 25

Transocean: Things Are Looking Up

Jul 16

Transocean: Disappointing Contracting Activity And More Dilution Ahead - Hold

Jun 05

Transocean Stock - The Good News Is Ignored

May 10

Transocean: Stock Sells Off On Underwhelming Results And Guidance - Hold

May 01

Transocean: Raising Estimates After Encouraging Drillship Contract Extension - Hold

Apr 08

A Look At The Fair Value Of Transocean Ltd. (NYSE:RIG)

Mar 31
A Look At The Fair Value Of Transocean Ltd. (NYSE:RIG)

Transocean: The Picture Is Looking Up, But It's Too Early To Get Excited

Mar 26

What You Can Learn From Transocean Ltd.'s (NYSE:RIG) P/S

Mar 13
What You Can Learn From Transocean Ltd.'s (NYSE:RIG) P/S

Transocean: 2024 Not Off To A Good Start

Mar 11

Transocean: Lowering Estimates After Disappointing 2024 Outlook - Hold

Feb 21

Transocean: Improving Liquidity, Deleveraging, And Potential Profitability

Feb 05

Transocean (NYSE:RIG) Has Debt But No Earnings; Should You Worry?

Jan 24
Transocean (NYSE:RIG) Has Debt But No Earnings; Should You Worry?

Transocean: Levered Bet On Deepwater Offshore

Jan 19

Transocean Continues To Face Challenges With Profitability

Jan 13

Transocean: 5 Reasons To Be Bullish Into 2024

Dec 27

Transocean: Set To Rise In 2024

Dec 13

Transocean Stock: Bulls, Do Not Despair

Nov 25

Transocean Has Had Its Ride Higher Already

Nov 17

Transocean - Downgrading On More Gradual Industry Recovery Assumptions - Hold

Nov 02

Transocean: Uninspiring Fleet Status Report Not Likely To Provide A Catalyst - Buy On Weakness

Oct 23

Transocean: Drill Baby Drill

Oct 13

Transocean: May Soar By 200% In The Next 36 Months

Oct 03

Transocean Acquires Newbuild Drillship Following $486 Million Long-Term Contract Award - Buy

Sep 15

Is Transocean (NYSE:RIG) Using Too Much Debt?

Sep 14
Is Transocean (NYSE:RIG) Using Too Much Debt?

Transocean: Deleveraging Story Becomes Clearer

Sep 02

Transocean: Let's Do The Convertible Bond Math

Aug 21

Transocean: Solid Quarter And Great Long-Term Outlook, Buy

Aug 02

Transocean's Fleet Status Report Indicates A Healthy Backlog

Jul 26

Calculating The Fair Value Of Transocean Ltd. (NYSE:RIG)

Jul 10
Calculating The Fair Value Of Transocean Ltd. (NYSE:RIG)

Transocean Gets A New Contract, Wider Recovery Expected

Jul 03

Transocean's Improving Prospects Are Not Reflected In Its Stock Price

Jun 21

Transocean: A Great Trading Tool, But Not Much More

Jun 14

Is Transocean (NYSE:RIG) Using Too Much Debt?

Jun 04
Is Transocean (NYSE:RIG) Using Too Much Debt?

Shareholders Should Be Pleased With Transocean Ltd.'s (NYSE:RIG) Price

Apr 17
Shareholders Should Be Pleased With Transocean Ltd.'s (NYSE:RIG) Price

Is Transocean (NYSE:RIG) A Risky Investment?

Mar 01
Is Transocean (NYSE:RIG) A Risky Investment?

Transocean: Post Earnings Sell-Off Provides Buying Opportunity

Feb 23

Transocean invests in GSR and offers rig for exploration work

Feb 09

Transocean's Dhirubhai drillship contracted for 900+ days in Brazil

Jan 31

Transocean: The Cold Stacked Rigs May Be The Next Question

Jan 24

Transocean unit commences $1.75B senior secured notes offering

Jan 17

Transocean commences $500M senior secured notes offering

Jan 09

CEO Compensation Analysis

How has Jeremy Thigpen's remuneration changed compared to Transocean's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-US$623m

Jun 30 2024n/an/a

-US$349m

Mar 31 2024n/an/a

-US$391m

Dec 31 2023US$11mUS$1m

-US$954m

Sep 30 2023n/an/a

-US$1b

Jun 30 2023n/an/a

-US$1b

Mar 31 2023n/an/a

-US$911m

Dec 31 2022US$12mUS$1m

-US$621m

Sep 30 2022n/an/a

-US$531m

Jun 30 2022n/an/a

-US$633m

Mar 31 2022n/an/a

-US$668m

Dec 31 2021US$14mUS$1m

-US$592m

Sep 30 2021n/an/a

-US$369m

Jun 30 2021n/an/a

US$120m

Mar 31 2021n/an/a

-US$274m

Dec 31 2020US$6mUS$1m

-US$567m

Sep 30 2020n/an/a

-US$581m

Jun 30 2020n/an/a

-US$2b

Mar 31 2020n/an/a

-US$1b

Dec 31 2019US$10mUS$1m

-US$1b

Sep 30 2019n/an/a

-US$1b

Jun 30 2019n/an/a

-US$1b

Mar 31 2019n/an/a

-US$2b

Dec 31 2018US$9mUS$1m

-US$2b

Sep 30 2018n/an/a

-US$2b

Jun 30 2018n/an/a

-US$3b

Mar 31 2018n/an/a

-US$3b

Dec 31 2017US$9mUS$1m

-US$3b

Compensation vs Market: Jeremy's total compensation ($USD11.36M) is above average for companies of similar size in the US market ($USD6.66M).

Compensation vs Earnings: Jeremy's compensation has been consistent with company performance over the past year.

CEO

Jeremy Thigpen (49 yo)

9.7yrs

Tenure

US$11,355,216

Compensation

Mr. Jeremy D. Thigpen is Independent Director of Sunnova Energy International Inc. from September 23, 2024. Mr. Thigpen is Executive Member of the Board of Directors, President & CEO of SWISSPETENERGY COM...

Leadership Team

NamePositionTenureCompensationOwnership
Jeremy Thigpen
CEO & Executive Director9.7yrsUS$11.36m0.59%
$ 18.3m
Keelan Adamson
President & COO6.5yrsUS$4.77m0.12%
$ 3.6m
Brady Long
Executive VP & Chief Legal Officer9.1yrsUS$3.63m0.17%
$ 5.1m
Robert Vayda
Executive VP & CFOless than a yearno data0.019%
$ 594.5k
Jason Pack
Senior VP & Chief Accounting Officerless than a yearno data0.013%
$ 410.9k
Paul Johnson
Senior Vice President of Technical Servicesno datano datano data
Alison Johnson
Director of Investor Relationsno datano datano data
Janelle Daniel
Senior Vice President of Human Capital Management6.9yrsno datano data
Roddie Mackenzie
Executive VP & Chief Commercial Officer2.9yrsno data0.029%
$ 888.2k
Sandro Thoma
Chief Counsel & Corporate Secretaryno datano datano data
Lexington May
Manager of Investor Relationsno datano datano data

6.5yrs

Average Tenure

50yo

Average Age

Experienced Management: RIG's management team is seasoned and experienced (6.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Jeremy Thigpen
CEO & Executive Director9.2yrsUS$11.36m0.59%
$ 18.3m
Frederico C. Pinheiro Curado
Independent Director11.6yrsUS$318.22k0%
$ 0
Chadwick Deaton
Independent Chairman of the Board12.6yrsUS$428.18k0.016%
$ 497.7k
Vanessa C. Chang
Independent Director12.6yrsUS$343.22k0.0056%
$ 173.7k
Vincent Intrieri
Independent Director10.6yrsUS$318.22k0.0023%
$ 70.5k
Glyn Barker
Independent Director12.6yrsUS$328.22k0.00034%
$ 10.5k
Margareth Ovrum
Independent Director3.6yrsUS$308.22k0%
$ 0
Domenic Dell'Osso
Independent Director1.6yrsUS$272.19kno data
Frederik Mohn
Independent Director6.9yrsUS$308.22k0.0025%
$ 78.2k
Samuel Merksamer
Independent Director11.6yrsUS$308.22k0%
$ 0

11.1yrs

Average Tenure

64.5yo

Average Age

Experienced Board: RIG's board of directors are seasoned and experienced ( 11.1 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 05:11
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Transocean Ltd. is covered by 68 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kristoffer IdenArctic Securities ASA
null nullArgus Research Company
Fabrizio SpagnaAxia Financial Research