Transocean Ltd.

NYSE:RIG Stock Report

Market Cap: US$5.9b

Transocean Management

Management criteria checks 3/4

Transocean's CEO is Keelan Adamson, appointed in Feb 2022, has a tenure of less than a year. total yearly compensation is $5.16M, comprised of 15.5% salary and 84.5% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth $6.59M. The average tenure of the management team and the board of directors is 4 years and 11.8 years respectively.

Key information

Keelan Adamson

Chief executive officer

US$5.2m

Total compensation

CEO salary percentage15.50%
CEO tenure4yrs
CEO ownership0.1%
Management average tenure4yrs
Board average tenure11.8yrs

Recent management updates

Recent updates

Transocean: The Mightiest Machines

Jan 05

Transocean Ltd. (NYSE:RIG) Stock Rockets 25% As Investors Are Less Pessimistic Than Expected

Nov 18
Transocean Ltd. (NYSE:RIG) Stock Rockets 25% As Investors Are Less Pessimistic Than Expected

Investors Still Aren't Entirely Convinced By Transocean Ltd.'s (NYSE:RIG) Revenues Despite 25% Price Jump

May 15
Investors Still Aren't Entirely Convinced By Transocean Ltd.'s (NYSE:RIG) Revenues Despite 25% Price Jump
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Robotic Systems And US Gulf Assets Will Create Future Opportunities

Transocean's premium fleet and strategic regional expansions promise strong future revenue and earnings growth, with high demand predicted in key markets.

Returns Are Gaining Momentum At Transocean (NYSE:RIG)

Apr 09
Returns Are Gaining Momentum At Transocean (NYSE:RIG)

Why We're Not Concerned Yet About Transocean Ltd.'s (NYSE:RIG) 26% Share Price Plunge

Mar 14
Why We're Not Concerned Yet About Transocean Ltd.'s (NYSE:RIG) 26% Share Price Plunge

Transocean: The Inflection Point Has Not Been Reached Just Yet

Feb 28

Transocean: A Solid Backlog Bridges The Gap To 2027

Feb 21

An Intrinsic Calculation For Transocean Ltd. (NYSE:RIG) Suggests It's 47% Undervalued

Feb 17
An Intrinsic Calculation For Transocean Ltd. (NYSE:RIG) Suggests It's 47% Undervalued

Transocean: Unparalleled Focus On The High-Specification Drillship Market

Jan 11

Transocean's Management Is Highly Optimistic

Nov 23

Transocean: Improved Balance Sheet And Catalyst On The Horizon

Nov 13

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

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

Mar 26

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: 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

CEO Compensation Analysis

How has Keelan Adamson's remuneration changed compared to Transocean's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2025n/an/a

-US$3b

Jun 30 2025n/an/a

-US$2b

Mar 31 2025n/an/a

-US$689m

Dec 31 2024US$5mUS$800k

-US$512m

Sep 30 2024n/an/a

-US$623m

Jun 30 2024n/an/a

-US$349m

Mar 31 2024n/an/a

-US$391m

Dec 31 2023US$5mUS$800k

-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$5mUS$784k

-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$5mUS$644k

-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$3mUS$600k

-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$3mUS$600k

-US$1b

Compensation vs Market: Keelan's total compensation ($USD5.16M) is below average for companies of similar size in the US market ($USD7.92M).

Compensation vs Earnings: Keelan's compensation has increased whilst the company is unprofitable.

CEO

Keelan Adamson (55 yo)

4yrs
Tenure
US$5,161,931
Compensation

Mr. Keelan I. Adamson serves as President at Transocean Ltd. since February 11, 2022 and serves as its CEO from 2025, serves as its Director since May 30, 2025 and was its Chief Operating Officer since Jun...

Leadership Team

NamePositionTenureCompensationOwnership
Jeremy Thigpen
Executive Chair10.3yrsUS$10.94m0.19%
$ 11.5m
Keelan Adamson
President4yrsUS$5.16m0.11%
$ 6.6m
Robert Vayda
Executive VP & CFO1.8yrsUS$2.97m0.021%
$ 1.3m
Brady Long
Executive VP & Chief Legal Officer10.3yrsUS$3.55m0.095%
$ 5.6m
Roderick Mackenzie
Executive VP & Chief Commercial Officer4yrsUS$2.86m0.019%
$ 1.1m
Jason Pack
Senior VP & Chief Accounting Officer1.6yrsno data0.018%
$ 1.1m
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 Management8.1yrsno datano data
Jess Richards
Senior Vice President of Operationsno datano datano data
Sandro Thoma
Chief Counsel & Corporate Secretaryno datano datano data
Lexington May
Manager of Investor Relationsno datano datano data
4.0yrs
Average Tenure
51yo
Average Age

Experienced Management: RIG's management team is considered experienced (4 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Jeremy Thigpen
Executive Chair10.3yrsUS$10.94m0.19%
$ 11.5m
Keelan Adamson
Presidentless than a yearUS$5.16m0.11%
$ 6.6m
Frederico C. Pinheiro Curado
Independent Director12.8yrsUS$327.95k0%
$ 0
Chadwick Deaton
Lead Independent Director13.8yrsUS$438.14k0.013%
$ 759.9k
Vanessa C. Chang
Independent Director13.8yrsUS$352.95k0.0054%
$ 318.8k
Vincent Intrieri
Independent Director11.8yrsUS$324.18k0.0018%
$ 108.0k
Glyn Barker
Independent Director13.8yrsUS$337.95k0.00027%
$ 16.0k
Domenic Dell'Osso
Independent Director2.8yrsUS$324.15k0%
$ 0
Frederik Mohn
Independent Director8.1yrsUS$317.95k0.0020%
$ 119.3k
Samuel Merksamer
Independent Director12.8yrsUS$317.95k0%
$ 0
William Lacey
Independent Directorless than a yearno datano data
11.8yrs
Average Tenure
56yo
Average Age

Experienced Board: RIG's board of directors are seasoned and experienced ( 11.8 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/02/08 16:55
End of Day Share Price 2026/02/06 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

Transocean Ltd. is covered by 52 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
null nullArgus Research Company
James WestBarclays