DIAMOND OFFSHORE DRILLING, INC. (DODRW)

Diamond Offshore Drilling is a global offshore oil and gas drilling contractor. The company has a fleet of 44 offshore drilling rigs, consisting of 32 semisubmersibles, seven jack-ups, and five dynamically positioned drillships, four of which are under construction. The Company’s jack-ups include Ocean King, Ocean Nugget, Ocean Scepter, Ocean Spartan, Ocean Spur, Ocean Summit and Ocean Titan. Its Deepwater Semisubmersibles include Ocean Alliance, Ocean America, Ocean Apex, Ocean Onyx, Ocean Valiant, and Ocean Star. Ultra-deepwater semisubmersibles include Ocean Valor, Ocean Courage, Ocean Monarch, Ocean Baroness, and Ocean Confidence. Ultra-deepwater drillships include Ocean BlackLion, Ocean BlackRhino, Ocean BlackHornet, and Ocean Clipper. Mid-Water Semisubmersibles include Ocean Winner, Ocean Quest, Ocean Concord, Ocean Guardian, Ocean Whittington, and Ocean Yorktown.

Address

777 N ELDRIDGE PKWY
HOUSTON, TX 77079

Founded

1989

Number of Employees

2,140

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s)
$89,104 $237 $180 $474 $1,304 - - - $4,252 $4,321 - $14,267
Average Price $46.27 $30.33 $22.74 $16.69 $14.85 - - - $7.54 $14.27 - $34.15
# Shares Purchased 1,925,811 7,810 7,923 28,386 87,799 - - - 563,727 302,833 - 417,756
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date -69.7% -53.8% -38.4% -16.1% -5.7% - - - 85.6% -1.9% - -59.0%
S&P 500 Return to Date 183.0% 174.1% 169.7% 130.6% 105.7% - - - 37.8% 31.9% - 119.0%
Excess Total Return -252.7% -227.9% -208.1% -146.7% -111.4% - - - 47.8% -33.7% - -178.0%
Quartile Rank
Percentile Rank 10% 14% 18% 29% 33% - - - 90% 33% - 10%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.