Diamond Offshore Drilling Inc - Company Profile
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Diamond Offshore Drilling Inc (Diamond Offshore) offers contract drilling services to the energy industry. The company operates through a fleet of offshore drilling rigs comprising semisubmersibles and dynamically positioned drillships. Diamond Offshore’s fleet serves floater markets. Its customers include major and independent oil and gas companies and government-owned oil companies. The major markets for its offshore contract drilling services include Australia and Southeast Asia, including Malaysia, Indonesia, and Vietnam; East and West Africa; the UK and Norway in Europe; the Mediterranean basin; the Middle East; the Gulf of Mexico, including the US and Mexico and South America, principally offshore Brazil, and Trinidad and Tobago. Diamond Offshore is headquartered in Houston, Texas, the US.
Headquarters
United States of America
Address
Suite 1100, 777 N Eldridge Pkwy, Houston, Texas, 77079
Website
www.diamondoffshore.com
Telephone
1 281 4925300
No of Employees
2,100
Industry
Energy and Utilities
Ticker Symbol & Exchange
DO (NYSE)
Revenue (2023)
$1.1B
25.5%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
56.7%
(2023 vs 2022)
Market Cap*
$1.3B
Net Profit Margin (2023)
XYZ
65.5%
(2023 vs 2022)
* As of and is in US$
Products and Services
| Services |
|---|
| Offshore Contract Drilling |
| Leasing |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In November, the company entered into an agreement with an independent operator to utilize the Ocean BlackRhino for work offshore Guinea-Bissau. |
| 2022 | Contracts/Agreements | In December, the company's subsidiary extended a charter hire agreement with Aquadrill LLC to provide the Company's Vela rig. |
| 2020 | Bankruptcy Filing | In April, the company filed for bankruptcy protection under chapter 11. |
Competitor Comparison
| Key Parameters | Diamond Offshore Drilling Inc | Nabors Industries Ltd | Patterson-UTI Energy Inc | Noble Corporation | Valaris Ltd |
|---|---|---|---|---|---|
| Headquarters | United States of America | Bermuda | United States of America | United States of America | Bermuda |
| City | Houston | Hamilton | Houston | Sugar Land | Hamilton |
| State/Province | Texas | - | Texas | Texas | - |
| No. of Employees | 2,100 | 12,000 | 6,500 | 3,800 | 5,450 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Neal P. Goldman | Chairman | Executive Board | 2021 | 53 |
| Bernie G. Wolford Jr. | President; Director; Chief Executive Officer | Executive Board | 2021 | 63 |
| Dominic A. Savarino | Senior Vice President; Chief Financial Officer | Senior Management | 2021 | 52 |
| David L. Roland | Senior Vice President; General Counsel; Secretary | Senior Management | 2014 | 61 |
| John H. Hollowell | Director | Non Executive Board | 2021 | 65 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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