Seadrill Limited Buys Back Shares

Seadrill Limited (SDRL) has released an update.

Seadrill Limited has actively bought back 2,163,500 of its shares, amounting to 3.14% of its total issued shares, as part of its share repurchase program with DNB Markets. Between August 12 and August 16, 2024, the company repurchased 397,500 shares at an average price of $44.92 per share. This move is a part of Seadrill’s plan to repurchase up to $200 million of its common shares on the open market by September 2025.

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