Transocean LTD (RIG)

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Transocean LTD (RIG) Profile

Transocean Ltd (RIG.xnys) Is an American company engaging in the provision of offshore contract oil and gas drilling services headquartered in Vernier, Switzerland. TRANSOCEAN owns and operates offshore drilling fleets such as ultra-deepwater, harsh-environment, deepwater, and midwater rigs. Transocean Ltd (RIG.xnys) has been recently delisted from the SIX Swiss Exchange, it is traded on the New York Stock Exchange (NYSE), has a $2.53B (USD) market cap and $759M (USD) in revenue. It is the world's largest offshore drilling contractor by revenue. During the pandemics, the American drilling company decreased its workforce by 1350 employees, having now a total of 5350 employees. Transocean has been involved in numerous controversies that have tarnished the company’s reputation, including serious accidents, explosions, and worker safety.

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Transocean LTD (RIG) Trading FAQ

Shares represent units of ownership within a company. Shares are also known as stocks or equities. Dividend payments are common with some companies, a method of sharing company profits with shareholders. In addition to traditional share dealing, however, traders can access derivatives: trading instruments derived from the movement of an underlying share price.

Individual stock CFDs (contract for differences) fall under the umbrella of derivative products, an effective low-cost trading vehicle. While CFDs do not grant shareholder privileges, active CFD positions may receive a dividend if executed before the ex-dividend date.

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