24 unchanged sentences
Under such authorization, the Company purchased an additional $250 million of its outstanding common shares.
−Removed: During the second quarter of 2024, as announced on May 16, 2024, the Company's Board of Directors authorized a new $500 million share repurchase program that will run for a period of two years from June 25, 2024, the date of completion for the programs initiated in 2023 (the "Current Repurchase Program").
+Added: As announced on May 16, 2024, the Company's Board of Directors authorized a new $500 million share repurchase program that will run for a period of two years from June 25, 2024, the date of completion for the programs initiated in 2023 (the "Current Repurchase Program").
For more information on share repurchases, refer to Part II, Item 7, "Management's Discussion and Analysis of Financial Condition and Results of Operations - Liquidity and Capital Resources - 2) Capital allocation framework and share repurchase program".
−Removed: For the three months ended December 31, 2024, Seadrill repurchased outstanding common shares as follows:
−Removed: Period Total number of shares purchased Average price paid per share Total number of shares purchased as part of publicly announced programs Maximum dollar value of shares that may yet be purchased under the programs (1)
−Removed: October 1 - October 31 — $ — — $ 307,755,016
−Removed: November 1 - November 30 1,188,832 $ 40.59 1,188,832 $ 259,745,309
−Removed: December 1 - December 31 1,312,071 $ 39.44 1,312,071 $ 207,997,229
−Removed: Total 2,500,903 $ 39.99 2,500,903 $ 207,997,229
−Removed: (1) Relates to the $500 million share repurchase program authorized by the Company's Board of Directors and announced on May 16, 2024, which will run for a period of two years from June 25, 2024, the date of completion for the programs initiated in 2023.
+Added: During the fourth quarter of 2025, the Company did not repurchase any Shares, and therefore, as of December 31, 2025, $208 million of the $500 million authorized amount remained available under the Current Repurchase Program.
Cumulative Total Shareholder Return
1 unchanged sentence
(Amounts in US$) Indexed Returns
−Removed: Company/Index October 14, 2022 December 31, 2022 December 31, 2023 December 31, 2024
+Added: Company/Index October 14, 2022 December 31, 2022 December 31, 2023 December 31, 2024 December 31, 2025
SDRL 100.0 130.6 189.1 155.7 138.4
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.