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Diamond Offshore Drilling Inc   (DO)
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Price: $13.0600 $0.02 0.153%
Day's High: $13.37 Week Perf: 4.73 %
Day's Low: $ 12.93 30 Day Perf: 6.53 %
Volume (M): 2,004 52 Wk High: $ 17.32
Volume (M$): $ 26,176 52 Wk Avg: $13.03
Open: $13.09 52 Wk Low: $9.88



 Market Capitalization (Millions $) 1,335
 Shares Outstanding (Millions) 102
 Employees -
 Revenues (TTM) (Millions $) 982
 Net Income (TTM) (Millions $) 49
 Cash Flow (TTM) (Millions $) 75
 Capital Exp. (TTM) (Millions $) 100

Diamond Offshore Drilling Inc

Diamond Offshore Drilling, Inc. is a leading, global offshore oil and gas drilling contractor with a current fleet of 45 offshore rigs consisting of 30 semisubmersibles, 14 jack-ups and one drillship. Our fleet includes some of the most technologically advanced rigs in the world, enabling us to offer a broad range of services worldwide in various markets, including the deep water, harsh environment, conventional semisubmersible and jack-up markets.

Semisubmersibles. We own and operate 30 semisubmersibles, consisting of 11 high-specification and 19 intermediate rigs. Semisubmersible rigs consist of an upper working and living deck resting on vertical columns connected to lower hull members. Such rigs operate in a “semi-submerged” position, remaining afloat, off bottom, in a position in which the lower hull is approximately 55 feet to 90 feet below the water line and the upper deck protrudes well above the surface. Semisubmersibles are typically anchored in position and remain stable for drilling in the semi-submerged floating position due in part to their wave transparency characteristics at the water line. Semisubmersibles can also be held in position through the use of a computer controlled thruster (dynamic-positioning) system to maintain the rig’s position over a drillsite. We have three semisubmersible rigs in our fleet with this capability.

Drillship. We have one high-specification drillship, the Ocean Clipper. Drillships, which are typically self-propelled, are positioned over a drillsite through the use of either an anchoring system or a dynamic-positioning system similar to those used on certain semisubmersible rigs. Deepwater drillships compete in many of the same markets as do high-specification semisubmersible rigs.

Markets
The principal markets for our offshore contract drilling services are the following:
• the Gulf of Mexico, including the United States and Mexico;

• Europe, principally in the United Kingdom, or U.K., and Norway;

• the Mediterranean Basin, including Egypt, Libya and Tunisia and other parts of Africa;

• South America, principally in Brazil and Argentina;

• Australia and Asia, including Malaysia, Indonesia and Vietnam; and

• the Middle East, including Kuwait, Qatar and Saudi Arabia.

Customers
We provide offshore drilling services to a customer base that includes major and independent oil and gas companies and government-owned oil companies.

Competition
The offshore contract drilling industry is highly competitive with numerous industry participants, none of which at the present time has a dominant market share. The drilling industry has experienced consolidation in recent years and may experience additional consolidation, which could create additional large competitors. Some of our competitors may have greater financial or other resources than we do. We compete with offshore drilling contractors that together have more than 600 mobile rigs available worldwide.
The offshore contract drilling industry is influenced by a number of factors, including global demand for oil and natural gas, current and anticipated prices of oil and natural gas, expenditures by oil and gas companies for exploration and development of oil and natural gas and the availability of drilling rigs. Mergers among oil and natural gas exploration and production companies have reduced the number of available customers.
Drilling contracts are traditionally awarded on a competitive bid basis. Intense price competition is often the primary factor in determining which qualified contractor is awarded a job. Customers may also consider rig availability and location, a drilling contractor’s operational and safety performance record, and condition and suitability of equipment. We believe we compete favorably with respect to these factors.



   Company Address: 15415 Katy Freeway Houston 77094 TX
   Company Phone Number: 492-5300   Stock Exchange / Ticker: NYSE DO
   


Customers Net Income fell by DO's Customers Net Profit Margin fell to

-47.11 %

14.84 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
HP        2.45% 
ICD        1.18% 
NBR        7.26% 
NE        4.15% 
PTEN   -0.85%    
RIG        6.65% 
• View Complete Report
   



Contract

Diamond Offshore Drilling Faces Revenue Contraction in Multiple Industries, Yet Secures New Drillsip Commitment with bp Amidst Challenging Market Conditions

Published Mon, Mar 4 2024 3:00 AM UTC

Diamond Offshore Drilling, Inc. (NYSE: DO) has recently announced a significant two-year contract extension with a subsidiary of bp in the U.S. Gulf of Mexico for the Ocean BlackHornet. This commitment is set to commence in February 2025, directly continuing their partnership. While this news brings hope for the company's future, it is evident that Diamond Offshore Drilling ...






 

Diamond Offshore Drilling Inc's Segments
 
 
• View Complete Report

Diamond Offshore Drilling Inc's Operating Statistics Decrease / Increase
       
High Specification Floaters Backlog (millions $)   High Specification Floaters Backlog (millions $) Decline   
Intermediate Semisubmersibles Backlog (millions $)   Intermediate Semisubmersibles Backlog (millions $) Decline   
Jackups Backlog (millions $)   Jackups Backlog (millions $) Decline   
Total Backlog (millions $)   Total Backlog (millions $) Decline   
High Specification Floaters Dayate ($)    High Specification Floaters Dayate ($) Growth   
Intermediate Semisubmersibles Dayate ($)    Intermediate Semisubmersibles Dayate ($) Growth   
Jackups Dayate ($)   Jackups Dayate ($) Decline   
High Specification Floaters Utilization (%)   High Specification Floaters Utilization (%) Decline   
Intermediate Semisubmersibles Utilization (%)   Intermediate Semisubmersibles Utilization (%) Decline   
Jackups Utilization (%)   Jackups Utilization (%) Decline   




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