Valaris Limited
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Anton Dibowitz
- Full Time Employees
- 3,800
- Sector
- Energy
- Industry
- Oil & Gas Drilling
- Address
- Clarendon House Hamilton HA Bermuda HM 11
- IPO Date
- May 3, 2021
- CIK
- 0000314808
- Website
- valaris.com
- Similar Companies
- Business
- Valaris Limited (NYSE: VAL), the world's largest offshore drilling contractor, owns and operates a fleet of 52 rigs including 11 ultra-deepwater drillships, five semisubmersibles, 36 jackups, and managed platforms; provides contract drilling services to major integrated oil companies, national oil companies and independent exploration and production operators across all water depths and environments; and delivers specialized equipment leasing, maintenance, well program support and innovative offshore solutions with a focus on safety, efficiency and technological advancement. Headquartered in Houston, Texas with operations spanning six continents including key regions in the North Sea, Middle East, Egypt, U.S. Gulf of Mexico, Brazil, West Africa, Asia-Pacific and Mexico, the company traces its roots to 1975 through predecessor entities and emerged from a 2021 bankruptcy restructuring as a Bermuda-incorporated entity following its 2019 merger with Rowan Companies. Recent developments include a $140 million five-well drillship contract with BP Exploration Delta Limited for VALARIS DS-12 in Egypt commencing Q2 2026 with three option wells; $190 million in new North Sea and Middle East awards and extensions such as 194-day work for VALARIS 121 with Shell, 150-day extension for VALARIS Norway with Ithaca Energy, accommodation support contracts with GE Vernova and Shell for offshore wind projects, and two 2.5-year drillship deals with Occidental Petroleum starting June 2026; sale of jackup VALARIS 247 for $108 million in August 2025; and a contract backlog exceeding $4.5 billion as of late October 2025, alongside Q3 2025 revenue growth to $157 million driven by higher operating days.
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