DO Stock Recent News

NEW YORK, June 10, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Diamond Offshore Drilling, Inc . ( NYSE : DO ), relating to its proposed merger with Noble Corp plc. Under the terms of the agreement, each share of Diamond Offshore Drilling stock will be converted into the right to receive $5.65 in cash and 0.2316 shares of Noble stock.

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Diamond Offshore Drilling, Inc. (NYSE: DO) to Noble Corporation plc for 0.2316 shares of Noble and $5.65 in cash for each share of Diamond stock is fair to Diamond shareholders. Halper Sadeh encourages Diamond shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halp.

HOUSTON , May 15, 2024 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today announced that it has executed a two-year contract extension with Anadarko Petroleum Corporation, a wholly-owned subsidiary of Occidental, in the U.S. Gulf of Mexico for the Ocean BlackHawk, commencing in November 2024 in direct continuation of the rig's current contract. This contract extension represents approximately $350 million dollars of additional backlog, excluding any managed pressure drilling services, and replaces the one-year priced option that was agreed in May 2023.

HOUSTON , April 17, 2024 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that it will release its first quarter 2024 operating results on Tuesday, May 7, 2024 after the market closes. The Company has scheduled a conference call and webcast for Wednesday, May 8, 2024 at 8:00 a.m.

Diamond Offshore (DO) wins a two-year contract extension with a subsidiary of BP plc in the U.S. Gulf of Mexico, representing $350 million of additional backlog.

Diamond Offshore (DO) secures a new contract with Serica Energy in the U.K. North Sea and a contract extension with a BP subsidiary in the U.S. Gulf of Mexico.

HOUSTON , Feb. 6, 2024 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that it will release its fourth quarter 2023 operating results on Tuesday, February 27, 2024 after the market closes. The Company has scheduled a conference call and webcast for Wednesday, February 28, 2024 at 8:00 a.m.

Diamond Offshore Drilling reported better-than-expected third quarter results with revenues and adjusted EBITDA coming in well above expectations. As a result, the company raised full-year guidance. While the company intends to return capital to shareholders, it will take more time until free cash generation becomes sufficient for the initiation of a dividend and/or a share repurchase program. 2024 should benefit from a much lower number of shipyard days and a resulting decrease in offhire time and capital expenditures.

HOUSTON , Aug. 24, 2023 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that Bernie Wolford, Jr., President and Chief Executive Officer, is scheduled to present at the Barclays CEO Energy-Power Conference in New York, New York on Wednesday, September 6, 2023 and at the Pareto Securities' Energy Conference in Oslo, Norway on Wednesday, September 20, 2023. Dominic Savarino, Senior Vice President and Chief Financial Officer, is scheduled to present at the Pickering Energy Partners' TE&MFest (Technology, Energy, and Mobility) Conference in Austin, Texas on Thursday, September 21, 2023.

Diamond Offshore Drilling Inc. has promising earnings projections, with a projected p/e of just 11 in 2024. Oil and natural gas are expected to remain significant players in the global energy mix, despite the rise of renewables. DO is well-positioned to benefit from the high demand for oil, with strong earnings potential and contracts worth $212 million.