Transocean Stock Price Today: RIG Climbs as Oil Rebound Lifts Offshore Drillers
Transocean shares rose 2.9% to $6.645 Tuesday, tracking a rebound in Brent crude, which jumped over 4% to $104.13 a barrel. The company is working to close a $5.8 billion all-stock purchase of Valaris, aiming to create a 73-rig contractor while reducing debt. Transocean reported 2025 revenue up 13% to $3.965 billion and added $610 million in new contracts since October. The Valaris deal is expected to close in the second half of 2026.