Business
Seadrill Extends Share Repurchase Program
HAMILTON, Bermuda, June 22, 2026--Seadrill Extends Share Repurchase Program
About this update from Seadrill Limited
HAMILTON, Bermuda, June 22, 2026--(BUSINESS WIRE)--Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) today announced that it has extended its share repurchase program, as part of its ongoing commitment to deliver shareholder returns. As previously announced, the Company’s Board of Directors (the "Board") authorized a $500 million share repurchase program that would terminate on June 25, 2026 (as extended, the "Repurchase Program"). As of June 19, 2026, approximately $208 million of the $500 million authorized amount remained available under the Repurchase Program. On June 22, 2026, the Board authorized an extension of the Repurchase Program to run through December 31, 2026. While the Repurchase Program has a fixed expiration, it may be modified, suspended or discontinued at any time. Shares may be repurchased at any time and from time to time under the program in open market purchases, privately negotiated purchases, block trades, tender offers, accelerated share repurchase transactions or other derivative transactions, through the purchase of call options or the sale of put options, or otherwise, or by any combination of the foregoing. The Company is under no obligation to purchase any shares in respect of the Repurchase Program. The manner, timing, pricing and amount of any repurchases may be based upon a number of factors, including market conditions, the Company’s financial position and capital requirements, financial conditions, competing uses for cash, statutory solvency requirements, the restrictions in the Company’s debt agreements and other factors. About Seadrill Seadrill is setting the standard in deepwater oil and gas drilling. With its modern fleet, experienced crews, and advanced technologies, Seadrill safely, efficiently, and responsibly unlocks oil and gas resources for national, integrated, and independent oil companies. For further information, visit www.seadrill.com. Forward-Looking Statements This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this news release, including, without limitation, those regarding the timing and amount of repurchases of the Company's common sh...