10 Best Oil & Gas Drilling Stocks to Buy

5. Seadrill Limited (NYSE:SDRL)

On February 25, 2026, Seadrill Limited (NYSE:SDRL) announced $362 million in fourth-quarter operating revenue, a $10 million net loss, and $88 million in adjusted EBITDA. The corporation made $273 million in contract revenue and had a 25.4% adjusted EBITDA margin excluding reimbursables. The firm earned contract awards for seven rigs, adding $0.5 billion to its backlog. West Capella was awarded a 440-day PTTEP contract in Malaysia worth $152 million, beginning in the second quarter of 2026. West Saturn signed a $114 million extension with Equinor in Brazil,  beginning in October 2026. West Neptune has signed a $48 million contract with LLOG for the US Gulf beginning in May 2026.

The full-year 2025 results reported a $77 million net loss and $353 million in adjusted EBITDA. Seadrill Limited (NYSE:SDRL) expects operating revenue of $1.40 billion to $1.45 billion in 2026, with adjusted EBITDA ranging from $350 million to $400 million.

Seadrill Limited (NYSE:SDRL) provides offshore drilling services. It owns and operates drill ships, semi-submersibles, and jack-ups. It works in three segments: harsh environment, floaters, and jack-up rigs.