Transocean

RIG

Transocean Ltd. is the world's largest offshore drilling contractor based on revenue and is based in Vernier, Switzerland. The company has offices in 20 countries, including Canada, the United States, Norway, Scotland, India, Brazil, Singapore, Indonesia, and Malaysia.In 2010, Transocean was implicated in the Deepwater Horizon oil spill resulting from the explosion of one of its oil rigs in the Gulf of Mexico. In 2019, Royal Dutch Shell accounted for 26% of the company's revenues, while Equinor accounted for 21% of the company's revenues, and Chevron accounted for 17% of the company's revenues.

Transocean has been a target of short sellers for a while. The current short interest of 26.77% is slightly above the average of the last 12 months (17.55%).