Seadrill (SDRL) Operating Expenses (2018 - 2026)
Seadrill's Operating Expenses came in at $377 million for Q2 2026, up 1.6% from $371 million a year earlier and up 12.9% from the prior quarter.
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Analysis
Seadrill (SDRL) Operating Expenses (2018 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Seadrill reported Operating Expenses of $1.39 billion, up 5.6% year-over-year; for FY2025, it was $1.37 billion, up 11.9% from FY2024.
- Operating Expenses has increased in each of the last three years, with a five-year compound annual growth rate of 0.2% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $1.22 billion in FY2024 (+3.0%), $1.19 billion in FY2023 (+46.7%), $809 million in FY2022 (-20.1%) and $1.01 billion in FY2021 (-25.5%).
- The Q2 2026 figure represents the highest quarterly Operating Expenses since Q2 2019.
- Year-over-year, Operating Expenses has increased for six consecutive quarters, with growth averaging 9.3% over the last six quarters.
- Business Quant data shows SDRL's Operating Expenses at $334 million (Q1 2026), $344 million (Q4 2025) and $337 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 72.34 Bn | 69.45 Bn | 1.40 Bn | 324.00 Mn |
| 2 | Baker Hughes | 55.59 Bn | 18.87 Bn | 1.58 Bn | 723.00 Mn |
| 3 | TechnipFMC | 27.02 Bn | 23.17 Bn | 684.70 Mn | 2.28 Bn |
| 4 | Halliburton | 26.54 Bn | 18.29 Bn | 804.00 Mn | 4.94 Bn |
| 5 | Nov | 6.72 Bn | 1.51 Bn | 521.00 Mn | 1.04 Bn |
| 6 | Noble | 6.50 Bn | 4.43 Bn | 239.27 Mn | 689.21 Mn |
| 7 | Transocean | 5.76 Bn | 3.47 Bn | 358.00 Mn | 812.00 Mn |
| 8 | Weatherford International | 5.72 Bn | 1.66 Bn | 333.00 Mn | 998.00 Mn |
| 9 | Kodiak Gas Services | 5.48 Bn | 5.25 Bn | 246.76 Mn | 266.88 Mn |
| 10 | Seadrill | 2.74 Bn | 1.36 Bn | 215.00 Mn | 377.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 377.00 Mn |
| Mar 31, 2026 | 334.00 Mn |
| Dec 31, 2025 | 344.00 Mn |
| Sep 30, 2025 | 337.00 Mn |
| Jun 30, 2025 | 371.00 Mn |
| Mar 31, 2025 | 317.00 Mn |
| Dec 31, 2024 | 323.00 Mn |
| Sep 30, 2024 | 307.00 Mn |
| Jun 30, 2024 | 290.00 Mn |
| Mar 31, 2024 | 303.00 Mn |
| Jun 30, 2023 | 308.00 Mn |
| Jun 30, 2022 | 321.00 Mn |
| Jun 30, 2021 | 306.00 Mn |
| Jun 30, 2020 | 365.00 Mn |
| Jun 30, 2019 | 397.00 Mn |
| Jun 30, 2018 | 195.00 Mn |
API Access
Seadrill Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=SDRL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "SDRL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=SDRL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();