Yahoo Finance's Julia La Roche sits down with executive chairman and former CEO of Starbucks Howard Schultz
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||9.04 - 9.44|
|52 Week Range||7.20 - 16.66|
|PE Ratio (TTM)||-3.08|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Transocean Ltd. (RIG), which is based in Switzerland but has its U.S. corporate office in Houston, made two announcements this week about the status of its rigs. First, the company noted that a subsidiary of California-based Chevron Corp. (CVX) terminated a drilling contract early. The Chevron subsidiary’s contract for the ultra-deepwater drillship Discoverer Clear Leader was supposed to expire in October 2018, but the company canceled it effective this November.
The rigs will be recycled in an 'environmentally responsible' way.
If you're looking to drill for oil offshore, this is the company to help you do it -- but is it a good bet for investors?