Seadrill's Q3 2025 earnings reflect strong operational performance and strategic contract wins, contributing over $300 million to its backlog and solidifying its market leadership in Angola and the U.S. Gulf.

• Added over $300 million to backlog through new contracts for five rigs, enhancing revenue visibility through 2026.
• Achieved exceptional technical uptime of over 99.7% for rigs in the Sonadrill joint venture.
• Secured direct continuation contracts for the West Vela and Sevan Louisiana in the U.S. Gulf, underscoring strong customer relationships.
• Highlighted commitment to operational excellence, with plans to enhance rig capabilities through new technologies like managed pressure drilling.
• Positive market outlook with increasing global tendering activity and renewed focus on offshore investment by oil majors.