Seadrill SDRL Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Cost of Product and Service Sold by Product | ||||||
| Reimbursable revenues and expenses | $10M-37.5% | $16M+45.5% | $11M-31.3% | $16M+6.7% | $15M0.0% | |
| Vessel and rig operating expenses | $181M-2.7% | $186M-2.6% | $191M+6.1% | $180M+0.6% | $179M+9.1% | |
| Revenue by Geography | ||||||
| Angola | $77M-10.5% | $86M+8.9% | $79M-6.0% | $84M+3.7% | $81M+1.3% | |
| Brazil | $146M-12.0% | $166M+3.8% | $160M-3.0% | $165M+36.4% | $121M+36.0% | |
| Norway | $32M+23.1% | $26M0.0% | $26M+18.2% | $22M-4.3% | $23M-11.5% | |
| Other | $0-100% | $1M— | $0— | $0-100% | $29M+61.1% | |
| United States | $103M+22.6% | $84M-14.3% | $98M-7.5% | $106M+30.9% | $81M+6.6% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Seadrill break its business down?
- Seadrill (SDRL) reports cost of product and service sold by product across 2 parts — Reimbursable revenues and expenses and Vessel and rig operating expenses. Each is extracted from the segment footnotes and tracked over time.
- Where does Seadrill's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Seadrill's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
