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Get filing alertsSeadrill extends $500M share repurchase program through December 2026
Filed June 22, 2026 · Period ending June 22, 2026 · ~1 min read
Key Changes
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Board extended the $500M share repurchase program from June 25, 2026 expiration to December 31, 2026, with approximately $208M remaining available as of June 19, 2026.
Item 7.01 — Regulation FD Disclosure verify on EDGAR → -
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Repurchases may occur through open market purchases, privately negotiated transactions, block trades, tender offers, accelerated share repurchases, or derivative transactions; the company has no obligation to purchase shares.
Exhibit 99.1 view on EDGAR →
Summary
Seadrill extended its $500 million share repurchase program by six months, now running through December 31, 2026 instead of the original June 25, 2026 expiration. With approximately $208 million remaining under the authorization as of June 19, 2026, the company has already deployed roughly 58% of the program. The extension signals continued confidence in capital allocation priorities and provides flexibility to return additional capital to shareholders through year-end.
For retail holders, this is a routine capital allocation update. The extension maintains the existing authorization rather than expanding it, and the company retains full discretion over timing and amounts. Share buybacks can support the stock price by reducing shares outstanding, but the company emphasized it has no obligation to purchase shares and will evaluate repurchases based on market conditions, financial position, and other factors.
Section-by-Section Diff
Event · Item 8.01 — Other Events
Seadrill filed an 8-K incorporating information from Item 7.01 into Item 8.01, with no material business event disclosed in the provided text.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
The information contained in Item 7.01 of this Current Report, including Exhibit 99.1, is incorporated into this Item 8.01 by reference.
The 8-K cross-references Item 7.01 and Exhibit 99.1 into Item 8.01. Without the content of Item 7.01 or Exhibit 99.1 provided, the nature of the disclosure cannot be determined from this excerpt alone.
Event · Item 7.01 — Regulation FD Disclosure
Item 7.01 — Regulation FD Disclosure filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
Seadrill Limited (the “Company”) issued a press release announcing that it has extended its share repurchase program to run through December 31, 2026.
The company extended its existing share repurchase program to continue through the end of 2026. Share buybacks return capital to shareholders by reducing shares outstanding, potentially supporting the stock price. The filing does not disclose the program size, remaining authorization, or repurchase activity to date.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 22, 2026 · How we verify