Seadrill extends $500M share repurchase program to end of 2026

Seadrill Limited (NYSE: SDRL) has extended its share repurchase program through December 31, 2026, according to a press release from the company.

The board of directors originally authorized a $500 million repurchase program set to expire on June 25, 2026. On June 22, 2026, the board approved an extension of the program's deadline by six months. As of June 19, 2026, approximately $208 million of the $500 million authorized amount remained available under the program.

Seadrill stated that shares may be repurchased through open market purchases, privately negotiated purchases, block trades, tender offers, accelerated share repurchase transactions, derivative transactions, call options, put options, or a combination of those methods. The company noted it is under no obligation to purchase any shares under the program, and that the program may be modified, suspended, or discontinued at any time.

The company is headquartered in Hamilton, Bermuda, and operates in the deepwater oil and gas drilling sector.

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