Seadrill Ltd (SDRL) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Medium Risk

Moderate dilution risk

Last updated: May 11, 2026

Risk Assessment Details

Potential Dilution: 25.42% of current shares

Recent Dilution: 0% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

62M

Potential Supply

16M

Additional shares possible

Splits

None

Past 2 years

Summary

SDRL currently has 62M outstanding shares. with moderate dilution risk from 15.8M authorized shares representing 25.4% potential dilution. The company has not diluted shareholders through share issuances in the past 2 years, which is positive for existing holders.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding	Supply
May 11, 2026	10-Q filing \| 62.0M shares outstanding	62M	16M
Aug 07, 2025	10-Q filing \| 62.0M shares outstanding	62M	16M
May 12, 2025	10-Q filing \| 62.0M shares outstanding	62M	16M
Feb 27, 2025	10-K filing \| 62.2M shares outstanding	62M	16M
Mar 27, 2024	20-F filing \| 74.0M shares outstanding	74M	3.8M
May 12, 2023	F-3 filing: Resale of up to 24,763,163 common shares by selling shareholders of Seadrill Limited.	53M	25M
Apr 19, 2023	20-F filing \| 53.0M shares outstanding	53M	0
Apr 29, 2022	20-F filing \| 100.0M shares outstanding	100M	0
Feb 22, 2022	POS AM filing: This is a Post-Effective Amendment filing to deregister securities related to a prior offering of common shares due to the Registrant's Chapter 11 bankruptcy proceedings, terminating the effectiveness of the Registration Statement.	100M	0
Mar 19, 2021	20-F filing \| 100.0M shares outstanding	100M	0
Apr 02, 2020	20-F filing \| 100.2M shares outstanding	100M	0

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