Seadrill shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY26 sales guidance above estimates.

Seadrill Secures ~$420M Indonesia Drilling Contract And Multiple Rig Extensions In Malaysia And Angola; Contract Has An Estimated Firm Duration Of 880 Days, With Priced Options For Up To An Additional 880 Days; Expected To Commence In H1 2027

Seadrill Limited (“Seadrill” or the “Company”) (NYSE:SDRL) today announced contract awards and extensions for the West Carina, West Capella, Sonangol Libongos, and Sevan Louisiana. In Indonesia, the West Carina was

Shares of oil and gas engineering and services companies are trading higher amid crude price gains due to continued Iranian demands over war reparations, unfreezing of sanctioned assets, and Strait of Hormuz tolling as negotiations with the U.S. may have reached an impasse.

Seadrill Raises FY2026 Sales Guidance from $1.430B-$1.480B to $1.500B-$1.550B vs $1.494B Est

Seadrill (NYSE:SDRL) raises FY2026 sales outlook from $1.430 billion-$1.480 billion to $1.500 billion-$1.550 billion vs $1.494 billion estimate.