Transocean’s Earnings Suffer Due To Weak Drilling Demand; Diminishing Backlog Likely To Cause Further Damage
The sharp decline in commodity prices throughout 2015 resulted in a significant fall in the drilling demand globally. As a result, Transocean (NYSE:RIG) experienced a notable decline in its revenue during the year. The company’s contract backlog also dropped steeply over the last few quarters, which is likely to further pull down the company’s revenue in the coming quarters, if the commodity markets continue to stay depressed.
- How Will Transocean Weather The Lull In The Offshore Rig Market?
- How Are Transocean’s Key Metrics Expected To Trend?
- Key Takeaways From Transocean’s Q4 Results
- What To Watch As Transocean Reports Q4 Results
- What’s The Outlook Like For Transocean In 2019?
- What’s Transocean’s Outlook Like After Solid Q3?
Have more questions about Transocean (NYSE:RIG)? See the links below:
- What To Expect From Transocean’s 2015 Financial Results?
- How Can China Impact Crude Oil Prices In 2016?
- Transocean’s 3Q Earnings Decline As Commodity Prices Continue To Plunge
- Expect Transocean’s 3Q Earnings To Drop Sharply Despite Its Cost Reduction Efforts
- Transocean In Deepwaters?
- Transocean Suspends Dividends – Desperate Times, Desperate Measures?
Notes:
1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Transocean
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