20-quarter listed-company comparison

Oil & Gas Drilling Stocks

Oil & Gas Drilling: Transocean Ltd. owns the largest revenue base; Helmerich & Payne, Inc. has the fastest current growth.

01 · the industry itself · before any single company

How has Oil & Gas Drilling moved against S&P 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this industry is 17% behind S&P 500. Earnings across its companies fell 74% on average over the last four reported quarters.

ASLEEP · 1y +34.7%~Price down, no fundamental support0 of 10 companies ahead of S&P 500 by 5% or more over three months

RS — · 6/10 >200d (−1) · 0/10 lead (+0) · EPS 4/10↑

Oil & Gas Drilling, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 10 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

02 · sector relative strength, before individual stocks

Is Oil & Gas Drilling outperforming S&P 500?

Oil & Gas Drilling has outperformed S&P 500 by 28.7% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 25%. 3 of 10 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is broad. Nabors Industries Ltd. is the strongest against the sector itself at +18.9%.

-25.0%Sector vs S&P 500 · 13 weeks

+28.7%Sector vs S&P 500 · 52 weeks

3/10Stocks leading S&P 500

7/10Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Oil & Gas Drilling has outperformed S&P 500 by 28.7% over 52 weeks and 25% over 13 weeks. 3 of 10 covered companies beat the S&P 500 on Mansfield relative strength, while 7 of 10 beat the sector itself. Transocean Ltd. leads with revenue of $4,140 million, based on 5 of 10 comparable companies through Mar 2026.

Companies

complete canonical membership

Combined market value

$32.0B

Noble Corporation plc

Revenue growing

4/5

positive TTM year-on-year growth

Beating S&P 500

3/10

positive Mansfield relative strength

Comparing 5 of 10

03 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%

Nabors Industries Ltd. has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 51.8% evidence confidence.

Helmerich & Payne, Inc. has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led S&P 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

Company	Score	Price stage	Growth & earnings/35	Capital efficiency/25	Valuation/20	Relative strength/20
1Nabors Industries Ltd.NBR	59.1/100Thin evidence · provisional52% evidence	ASLEEP	19.1/35 Revenue — · PAT — · OPM change 7 pp 45% evidence	11.5/25 ROCE 1.4% · OPM 7.9% 76% evidence	11.5/20 P/E 6.3× · PEG — 15% evidence	17.0/20 RS sector 18.9% · RS bench 12% · 1Y 135.6%4 of 12 weeks ahead 70% evidence
Exact sum: 19.1 + 11.5 + 11.5 + 17 = 59.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
2Transocean Ltd.RIG	53.9/100Mixed-positive evidence61% evidence	ASLEEP	23.2/35 Revenue 12.9% · PAT — · OPM change 19.4 pp 62% evidence	13.9/25 ROCE 1.8% · OPM 26.5% 76% evidence	10.0/20 P/E — · PEG — 0% evidence	6.8/20 RS sector 0.3% · RS bench -4.8% · 1Y 68.4%0 of 12 weeks ahead 100% evidence
Exact sum: 23.2 + 13.9 + 10 + 6.8 = 53.9 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is 0.3% and the one-year return is 68.4%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
3Seadrill LimitedSDRL	53.4/100Mixed-positive evidence64% evidence	ASLEEP	19.5/35 Revenue 7.9% · PAT -118.8% · OPM change 1.3 pp 62% evidence	11.1/25 ROCE 0.7% · OPM 6.7% 76% evidence	8.9/20 P/E 65.7× · PEG — 15% evidence	13.9/20 RS sector 2.7% · RS bench -0.7% · 1Y 45.6%1 of 12 weeks ahead 100% evidence
Exact sum: 19.5 + 11.1 + 8.9 + 13.9 = 53.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Patterson-UTI Energy, Inc.PTEN	53.2/100Thin evidence · provisional58% evidence	ASLEEP	17.8/35 Revenue — · PAT — · OPM change -2.6 pp 45% evidence	6.0/25 ROCE -0.1% · OPM -1.3% 76% evidence	10.4/20 P/E 33.4× · PEG — 15% evidence	19.0/20 RS sector 17% · RS bench 10.7% · 1Y 85.8%3 of 12 weeks ahead 100% evidence
Exact sum: 17.8 + 6 + 10.4 + 19 = 53.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
5Noble Corporation plcNE	51.6/100Thin evidence · provisional58% evidence	ASLEEP	18.7/35 Revenue — · PAT — · OPM change 7.3 pp 45% evidence	12.8/25 ROCE 0.4% · OPM 28.7% 76% evidence	9.6/20 P/E 40.1× · PEG — 15% evidence	10.5/20 RS sector 1.5% · RS bench -3% · 1Y 52.5%1 of 12 weeks ahead 100% evidence
Exact sum: 18.7 + 12.8 + 9.6 + 10.5 = 51.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
6Helmerich & Payne, Inc.HP	44.3/100Mixed-negative evidence71% evidence	ASLEEP	13.1/35 Revenue 29.7% · PAT -266.2% · OPM change -8.1 pp 83% evidence	5.5/25 ROCE -0.6% · OPM -4% 76% evidence	10.8/20 P/E 11.9× · PEG — 15% evidence	14.9/20 RS sector 4% · RS bench 0.4% · 1Y 99.5%0 of 12 weeks ahead 100% evidence
Exact sum: 13.1 + 5.5 + 10.8 + 14.9 = 44.3 · Decision use: Price leads the evidence: RS versus the benchmark is 0.4%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
7Valaris LimitedVAL	43.2/100Mixed-negative evidence64% evidence	ASLEEP	9.1/35 Revenue -10% · PAT 100% · OPM change -18.7 pp 62% evidence	9.8/25 ROCE 0.5% · OPM 4.3% 76% evidence	11.1/20 P/E 6.9× · PEG — 15% evidence	13.2/20 RS sector 4.5% · RS bench -1.2% · 1Y 66%0 of 12 weeks ahead 100% evidence
Exact sum: 9.1 + 9.8 + 11.1 + 13.2 = 43.2 · Decision use: Price leads the evidence: RS versus the benchmark is -1.2%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
8Precision Drilling CorporationPDS	40.1/100Thin evidence · provisional52% evidence	ASLEEP	15.6/35 Revenue — · PAT — · OPM change -5.1 pp 45% evidence	11.0/25 ROCE 0.6% · OPM 7.5% 76% evidence	8.5/20 P/E 703.5× · PEG — 15% evidence	5.0/20 RS sector -6.4% · RS bench -9.9% · 1Y 38.7%0 of 12 weeks ahead 70% evidence
Exact sum: 15.6 + 11 + 8.5 + 5 = 40.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
9Borr Drilling LimitedBORR	39.9/100Thin evidence · provisional58% evidence	ASLEEP	12.8/35 Revenue 5.7% · PAT -35.3% · OPM change -9.2 pp 62% evidence	13.1/25 ROCE 1.4% · OPM 18.6% 76% evidence	10.0/20 P/E 38.5× · PEG — 15% evidence	4.0/20 RS sector -11.2% · RS bench -15.7% · 1Y 85.3%0 of 12 weeks ahead 70% evidence
Exact sum: 12.8 + 13.1 + 10 + 4 = 39.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
10Sable Offshore Corp.SOC	31.3/100Thin evidence · provisional40% evidence	BASING	16.8/35 Revenue — · PAT — · OPM change — 4% evidence	5.2/25 ROCE -11.5% · OPM — 61% evidence	9.3/20 P/E 44.7× · PEG — 15% evidence	0.0/20 RS sector -68.3% · RS bench -67.8% · 1Y -84.5%2 of 12 weeks ahead 100% evidence
Exact sum: 16.8 + 5.2 + 9.3 + 0 = 31.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

04 · what price has already done

Market action

Nabors Industries Ltd. has the strongest one-year price move in Oil & Gas Drilling at +135.6%. It also leads on Mansfield relative strength against the S&P 500 at +12%. 3 of 10 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-08-04.

Price and relative strength

Every company, the sector's own index and S&P 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

05 · compare level, then change

Revenue Scale & Growth Durability

Transocean Ltd. has the highest Revenue among the 10 Oil & Gas Drilling companies compared here, at $4,140 million. Helmerich & Payne, Inc. is next at $4,002 million. Helmerich & Payne, Inc. has the highest Revenue growth at 29.7%, so level and change sit with different companies. 5 of 10 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Transocean Ltd. is the scale leader at $4,140 million, 3.4% ahead of Helmerich & Payne, Inc.. Helmerich & Payne, Inc.'s growth is 29.7% from a $4,002 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderTransocean Ltd. · $4,140 million

Gap3.4% versus #2 · Helmerich & Payne, Inc.

Persistence8/8 recent comparable periods

Coverage5/10 companies · 166 observations

Investor read: Transocean Ltd. is the scale benchmark; Helmerich & Payne, Inc. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Transocean Ltd.'s growth falls below Helmerich & Payne, Inc.'s for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

Revenuelargest

1Transocean Ltd. RIG$4.1B

2Helmerich & Payne, Inc. HP$4.0B

3Valaris Limited VAL$2.2B

4Seadrill Limited SDRL$1.5B

5Borr Drilling Limited BORR$1.1B

Revenue growthfastest growers

1Helmerich & Payne, Inc. HP30%

2Transocean Ltd. RIG13%

3Seadrill Limited SDRL7.9%

4Borr Drilling Limited BORR5.7%

5Valaris Limited VAL-10.0%

Revenue · company comparison

5/10 level · 5/10 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Revenue	Revenue growth	Reported
Patterson-UTI Energy, Inc. PTEN	$1.1B	-13%	Jun 2026
Transocean Ltd. RIG	$1.1B	19%	Mar 2026
Helmerich & Payne, Inc. HP	$932M	-8.3%	Mar 2026
Noble Corporation plc NE	$786M	-10%	Jun 2026
Nabors Industries Ltd. NBR	$784M	6.5%	Jun 2026
Precision Drilling Corporation PDS	$526M	6.1%	Jun 2026
Valaris Limited VAL	$465M	-25%	Mar 2026
Seadrill Limited SDRL	$358M	6.9%	Mar 2026
Borr Drilling Limited BORR	$247M	14%	Mar 2026
Sable Offshore Corp. SOC	$1M	—	Mar 2026

Full 20-quarter history · every available company

Revenue · reported quarter history

Borr Drilling Limited · BORR

Sep 2021$73M

Dec 2021$69M

Mar 2022$82M

Jun 2022$105M

Sep 2022$108M

Dec 2022$149M

Mar 2023$172M

Jun 2023$188M

Sep 2023$192M

Dec 2023$221M

Mar 2024$234M

Jun 2024$272M

Sep 2024$242M

Dec 2024$263M

Mar 2025$217M

Jun 2025$268M

Sep 2025$277M

Dec 2025$259M

Mar 2026$247M

Jun 2026—

Helmerich & Payne, Inc. · HP

Sep 2021$344M

Dec 2021$410M

Mar 2022$468M

Jun 2022$550M

Sep 2022$631M

Dec 2022$720M

Mar 2023$769M

Jun 2023$724M

Sep 2023$660M

Dec 2023$677M

Mar 2024$688M

Jun 2024$698M

Sep 2024$694M

Dec 2024$677M

Mar 2025$1.0B

Jun 2025$1.0B

Sep 2025$1.0B

Dec 2025$1.0B

Mar 2026$932M

Jun 2026—

Nabors Industries Ltd. · NBR

Sep 2021$524M

Dec 2021$544M

Mar 2022$569M

Jun 2022$631M

Sep 2022$694M

Dec 2022$760M

Mar 2023$779M

Jun 2023$767M

Sep 2023$734M

Dec 2023$726M

Mar 2024$734M

Jun 2024$735M

Sep 2024$732M

Dec 2024$730M

Mar 2025$736M

Jun 2025$833M

Sep 2025$818M

Dec 2025$798M

Mar 2026$784M

Jun 2026—

Noble Corporation plc · NE

Sep 2021—

Dec 2021—

Mar 2022$210M

Jun 2022$275M

Sep 2022$306M

Dec 2022$623M

Mar 2023$610M

Jun 2023$639M

Sep 2023$697M

Dec 2023$643M

Mar 2024$637M

Jun 2024$693M

Sep 2024$801M

Dec 2024$927M

Mar 2025$874M

Jun 2025$849M

Sep 2025$798M

Dec 2025$764M

Mar 2026$786M

Jun 2026—

Patterson-UTI Energy, Inc. · PTEN

Sep 2021$358M

Dec 2021$466M

Mar 2022$509M

Jun 2022$622M

Sep 2022$728M

Dec 2022$788M

Mar 2023$792M

Jun 2023$759M

Sep 2023$1.0B

Dec 2023$1.6B

Mar 2024$1.5B

Jun 2024$1.3B

Sep 2024$1.4B

Dec 2024$1.2B

Mar 2025$1.3B

Jun 2025$1.2B

Sep 2025$1.2B

Dec 2025$1.2B

Mar 2026$1.1B

Jun 2026—

Precision Drilling Corporation · PDS

Sep 2021$254M

Dec 2021$295M

Mar 2022$351M

Jun 2022$326M

Sep 2022$429M

Dec 2022$511M

Mar 2023$559M

Jun 2023$426M

Sep 2023$447M

Dec 2023$507M

Mar 2024$528M

Jun 2024$429M

Sep 2024$477M

Dec 2024$468M

Mar 2025$496M

Jun 2025$407M

Sep 2025$462M

Dec 2025$479M

Mar 2026$526M

Jun 2026—

Sable Offshore Corp. · SOC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026$1M

Jun 2026—

Seadrill Limited · SDRL

Sep 2021$278M

Dec 2021$278M

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023$266M

Jun 2023$414M

Sep 2023$414M

Dec 2023$408M

Mar 2024$367M

Jun 2024$375M

Sep 2024$354M

Dec 2024$289M

Mar 2025$335M

Jun 2025$377M

Sep 2025$363M

Dec 2025$362M

Mar 2026$358M

Jun 2026—

Transocean Ltd. · RIG

Sep 2021$626M

Dec 2021$621M

Mar 2022$586M

Jun 2022$692M

Sep 2022$691M

Dec 2022$606M

Mar 2023$649M

Jun 2023$729M

Sep 2023$713M

Dec 2023$741M

Mar 2024$763M

Jun 2024$861M

Sep 2024$948M

Dec 2024$952M

Mar 2025$906M

Jun 2025$988M

Sep 2025$1.0B

Dec 2025$1.0B

Mar 2026$1.1B

Jun 2026—

Valaris Limited · VAL

Sep 2021$327M

Dec 2021$306M

Mar 2022$318M

Jun 2022$413M

Sep 2022$437M

Dec 2022$434M

Mar 2023$430M

Jun 2023$415M

Sep 2023$455M

Dec 2023$484M

Mar 2024$525M

Jun 2024$610M

Sep 2024$643M

Dec 2024$584M

Mar 2025$621M

Jun 2025$615M

Sep 2025$596M

Dec 2025$537M

Mar 2026$465M

Jun 2026—

Revenue growth · reported quarter history

Borr Drilling Limited · BORR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202291%

Sep 202248%

Dec 2022116%

Mar 2023110%

Jun 202379%

Sep 202378%

Dec 202348%

Mar 202436%

Jun 202445%

Sep 202426%

Dec 202419%

Mar 2025-7.3%

Jun 2025-1.5%

Sep 202514%

Dec 2025-1.5%

Mar 202614%

Jun 2026—

Helmerich & Payne, Inc. · HP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202266%

Sep 202283%

Dec 202276%

Mar 202364%

Jun 202332%

Sep 20234.6%

Dec 2023-6.0%

Mar 2024-11%

Jun 2024-3.6%

Sep 20245.2%

Dec 20240.0%

Mar 202548%

Jun 202549%

Sep 202546%

Dec 202550%

Mar 2026-8.3%

Jun 2026—

Nabors Industries Ltd. · NBR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202229%

Sep 202232%

Dec 202240%

Mar 202337%

Jun 202322%

Sep 20235.8%

Dec 2023-4.5%

Mar 2024-5.8%

Jun 2024-4.2%

Sep 2024-0.3%

Dec 20240.6%

Mar 20250.3%

Jun 202513%

Sep 202512%

Dec 20259.3%

Mar 20266.5%

Jun 2026—

Noble Corporation plc · NE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023190%

Jun 2023132%

Sep 2023128%

Dec 20233.2%

Mar 20244.4%

Jun 20248.5%

Sep 202415%

Dec 202444%

Mar 202537%

Jun 202523%

Sep 2025-0.4%

Dec 2025-18%

Mar 2026-10%

Jun 2026—

Patterson-UTI Energy, Inc. · PTEN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022113%

Sep 2022103%

Dec 202269%

Mar 202356%

Jun 202322%

Sep 202339%

Dec 2023101%

Mar 202491%

Jun 202478%

Sep 202434%

Dec 2024-27%

Mar 2025-15%

Jun 2025-9.6%

Sep 2025-13%

Dec 2025-1.0%

Mar 2026-13%

Jun 2026—

Precision Drilling Corporation · PDS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202262%

Sep 202269%

Dec 202273%

Mar 202359%

Jun 202331%

Sep 20234.2%

Dec 2023-0.8%

Mar 2024-5.6%

Jun 20240.7%

Sep 20246.7%

Dec 2024-7.7%

Mar 2025-6.1%

Jun 2025-5.1%

Sep 2025-3.1%

Dec 20252.4%

Mar 20266.1%

Jun 2026—

Seadrill Limited · SDRL

Sep 202120%

Dec 202120%

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 202438%

Jun 2024-9.4%

Sep 2024-14%

Dec 2024-29%

Mar 2025-8.7%

Jun 20250.5%

Sep 20252.5%

Dec 202525%

Mar 20266.9%

Jun 2026—

Transocean Ltd. · RIG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20225.5%

Sep 202210%

Dec 2022-2.4%

Mar 202311%

Jun 20235.4%

Sep 20233.2%

Dec 202322%

Mar 202418%

Jun 202418%

Sep 202433%

Dec 202428%

Mar 202519%

Jun 202515%

Sep 20258.4%

Dec 20259.6%

Mar 202619%

Jun 2026—

Valaris Limited · VAL

Sep 2021—

Dec 2021—

Mar 20223.6%

Jun 2022—

Sep 202234%

Dec 202242%

Mar 202335%

Jun 20230.5%

Sep 20234.1%

Dec 202312%

Mar 202422%

Jun 202447%

Sep 202441%

Dec 202421%

Mar 202518%

Jun 20250.8%

Sep 2025-7.3%

Dec 2025-8.1%

Mar 2026-25%

Jun 2026—

06 · compare level, then change

Operating Economics & Margin Trend

Noble Corporation plc has the highest OPM among the 10 Oil & Gas Drilling companies compared here, at 28.7%. Transocean Ltd. is next at 26.5%. Transocean Ltd. has the highest Margin change at +19.4 percentage points, so level and change sit with different companies. 9 of 10 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Noble Corporation plc leads opm at 28.7%; Transocean Ltd. leads margin change at +19.4 percentage points.

LeaderNoble Corporation plc · 28.7%

Gap8.3% versus #2 · Transocean Ltd.

Persistence3/8 recent comparable periods

Coverage9/10 companies · 165 observations

Investor read: Noble Corporation plc sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

OPMhighest

1Noble Corporation plc NE29%

2Transocean Ltd. RIG27%

3Borr Drilling Limited BORR19%

4Nabors Industries Ltd. NBR7.9%

5Precision Drilling Corporation PDS7.5%

Margin changefastest expanders

1Transocean Ltd. RIG+19.4 pp

2Noble Corporation plc NE+7.3 pp

3Nabors Industries Ltd. NBR+7.0 pp

4Seadrill Limited SDRL+1.3 pp

5Patterson-UTI Energy, Inc. PTEN−2.6 pp

Operating margin · company comparison

9/10 level · 9/10 change

All-company data · latest reported quarter

Company	OPM	Margin change	Reported
Noble Corporation plc NE	29%	+7.3 pp	Jun 2026
Transocean Ltd. RIG	27%	+19.4 pp	Mar 2026
Borr Drilling Limited BORR	19%	−9.2 pp	Mar 2026
Nabors Industries Ltd. NBR	7.9%	+7.0 pp	Jun 2026
Precision Drilling Corporation PDS	7.5%	−5.1 pp	Jun 2026
Seadrill Limited SDRL	6.7%	+1.3 pp	Mar 2026
Valaris Limited VAL	4.3%	−18.7 pp	Mar 2026
Patterson-UTI Energy, Inc. PTEN	-1.3%	−2.6 pp	Jun 2026
Helmerich & Payne, Inc. HP	-4.0%	−8.1 pp	Mar 2026

Full 20-quarter history · every available company

OPM · reported quarter history

Borr Drilling Limited · BORR

Sep 2021-12%

Dec 2021-19%

Mar 2022-15%

Jun 2022-117%

Sep 20223.6%

Dec 202220%

Mar 202327%

Jun 202332%

Sep 202333%

Dec 202337%

Mar 202436%

Jun 202438%

Sep 202435%

Dec 202438%

Mar 202528%

Jun 202536%

Sep 202535%

Dec 202526%

Mar 202619%

Jun 2026—

Helmerich & Payne, Inc. · HP

Sep 2021-28%

Dec 2021-10%

Mar 2022-4.8%

Jun 20226.1%

Sep 202212%

Dec 202220%

Mar 202323%

Jun 202321%

Sep 202315%

Dec 202318%

Mar 202416%

Jun 202416%

Sep 202416%

Dec 202413%

Mar 20254.1%

Jun 2025-12%

Sep 2025-0.1%

Dec 2025-5.9%

Mar 2026-4.0%

Jun 2026—

Nabors Industries Ltd. · NBR

Sep 2021-14%

Dec 2021-8.5%

Mar 2022-20%

Jun 2022-2.9%

Sep 20226.8%

Dec 20220.4%

Mar 202315%

Jun 202310%

Sep 20231.8%

Dec 20238.4%

Mar 20246.4%

Jun 20246.2%

Sep 20242.9%

Dec 20243.7%

Mar 20250.9%

Jun 20258.1%

Sep 20256.3%

Dec 20259.0%

Mar 20267.9%

Jun 2026—

Noble Corporation plc · NE

Sep 2021—

Dec 2021—

Mar 2022-17%

Jun 202217%

Sep 202217%

Dec 202226%

Mar 202318%

Jun 202317%

Sep 202329%

Dec 202325%

Mar 202417%

Jun 202430%

Sep 202414%

Dec 202418%

Mar 202521%

Jun 202516%

Sep 20256.3%

Dec 20255.6%

Mar 202629%

Jun 2026—

Patterson-UTI Energy, Inc. · PTEN

Sep 2021-25%

Dec 2021-77%

Mar 2022-3.7%

Jun 20225.9%

Sep 202211%

Dec 202215%

Mar 202316%

Jun 202314%

Sep 20231.0%

Dec 20237.1%

Mar 20245.8%

Jun 20243.4%

Sep 2024-73%

Dec 2024-2.7%

Mar 20251.3%

Jun 2025-2.4%

Sep 2025-2.4%

Dec 20250.0%

Mar 2026-1.3%

Jun 2026—

Precision Drilling Corporation · PDS

Sep 2021-9.5%

Dec 2021-2.5%

Mar 2022-9.0%

Jun 2022-1.7%

Sep 202212%

Dec 20223.9%

Mar 202324%

Jun 202316%

Sep 20239.3%

Dec 202314%

Mar 202412%

Jun 20249.6%

Sep 202414%

Dec 20248.2%

Mar 202513%

Jun 20258.2%

Sep 20258.3%

Dec 20257.9%

Mar 20267.5%

Jun 2026—

Seadrill Limited · SDRL

Sep 202117%

Dec 202117%

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 202319%

Jun 202326%

Sep 202328%

Dec 202313%

Mar 202422%

Jun 202477%

Sep 202413%

Dec 2024-1.0%

Mar 20255.4%

Jun 20251.6%

Sep 20257.2%

Dec 2025-0.8%

Mar 20266.7%

Jun 2026—

Transocean Ltd. · RIG

Sep 20210.0%

Dec 2021-6.9%

Mar 2022-8.5%

Jun 20224.0%

Sep 20227.7%

Dec 2022-10%

Mar 2023-24%

Jun 2023-5.8%

Sep 2023-7.7%

Dec 2023-9.6%

Mar 2024-0.4%

Jun 2024-6.9%

Sep 2024-51%

Dec 202414%

Mar 20257.1%

Jun 2025-98%

Sep 2025-163%

Dec 202523%

Mar 202627%

Jun 2026—

Valaris Limited · VAL

Sep 20210.9%

Dec 2021-6.6%

Mar 2022-16%

Jun 2022-3.8%

Sep 202214%

Dec 202291%

Mar 20232.0%

Jun 2023-2.4%

Sep 20233.6%

Dec 202391%

Mar 20245.6%

Jun 202418%

Sep 202415%

Dec 202420%

Mar 202523%

Jun 202527%

Sep 202522%

Dec 20257.3%

Mar 20264.3%

Jun 2026—

Margin change · reported quarter history

Borr Drilling Limited · BORR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−69.4 pp

Sep 2022+15.5 pp

Dec 2022+38.7 pp

Mar 2023+41.7 pp

Jun 2023+148.7 pp

Sep 2023+29.7 pp

Dec 2023+16.7 pp

Mar 2024+9.6 pp

Jun 2024+6.5 pp

Sep 2024+1.3 pp

Dec 2024+1.8 pp

Mar 2025−8.5 pp

Jun 2025−2.4 pp

Sep 2025+0.8 pp

Dec 2025−12.4 pp

Mar 2026−9.2 pp

Jun 2026—

Helmerich & Payne, Inc. · HP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+29.4 pp

Sep 2022+40.4 pp

Dec 2022+30.4 pp

Mar 2023+27.6 pp

Jun 2023+14.4 pp

Sep 2023+3.0 pp

Dec 2023−1.8 pp

Mar 2024−6.6 pp

Jun 2024−4.2 pp

Sep 2024+0.3 pp

Dec 2024−4.8 pp

Mar 2025−12.1 pp

Jun 2025−28.6 pp

Sep 2025−15.6 pp

Dec 2025−19.3 pp

Mar 2026−8.1 pp

Jun 2026—

Nabors Industries Ltd. · NBR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+22.4 pp

Sep 2022+20.3 pp

Dec 2022+8.9 pp

Mar 2023+35.4 pp

Jun 2023+13.0 pp

Sep 2023−5.0 pp

Dec 2023+8.0 pp

Mar 2024−8.9 pp

Jun 2024−3.9 pp

Sep 2024+1.1 pp

Dec 2024−4.7 pp

Mar 2025−5.5 pp

Jun 2025+1.9 pp

Sep 2025+3.4 pp

Dec 2025+5.3 pp

Mar 2026+7.0 pp

Jun 2026—

Noble Corporation plc · NE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023+34.1 pp

Jun 2023−0.2 pp

Sep 2023+11.9 pp

Dec 2023−1.9 pp

Mar 2024−0.7 pp

Jun 2024+13.2 pp

Sep 2024−14.4 pp

Dec 2024−6.1 pp

Mar 2025+4.5 pp

Jun 2025−14.4 pp

Sep 2025−8.1 pp

Dec 2025−12.8 pp

Mar 2026+7.3 pp

Jun 2026—

Patterson-UTI Energy, Inc. · PTEN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+43.4 pp

Sep 2022+35.7 pp

Dec 2022+92.1 pp

Mar 2023+19.6 pp

Jun 2023+7.9 pp

Sep 2023−9.5 pp

Dec 2023−7.7 pp

Mar 2024−10.1 pp

Jun 2024−10.4 pp

Sep 2024−74.0 pp

Dec 2024−9.8 pp

Mar 2025−4.5 pp

Jun 2025−5.8 pp

Sep 2025+70.6 pp

Dec 2025+2.7 pp

Mar 2026−2.6 pp

Jun 2026—

Precision Drilling Corporation · PDS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+18.5 pp

Sep 2022+21.2 pp

Dec 2022+6.4 pp

Mar 2023+32.6 pp

Jun 2023+17.7 pp

Sep 2023−2.4 pp

Dec 2023+10.4 pp

Mar 2024−11.3 pp

Jun 2024−6.4 pp

Sep 2024+4.8 pp

Dec 2024−6.1 pp

Mar 2025+0.3 pp

Jun 2025−1.4 pp

Sep 2025−5.8 pp

Dec 2025−0.3 pp

Mar 2026−5.1 pp

Jun 2026—

Seadrill Limited · SDRL

Sep 2021+691.7 pp

Dec 2021+691.7 pp

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024+2.6 pp

Jun 2024+50.5 pp

Sep 2024−15.0 pp

Dec 2024−13.7 pp

Mar 2025−16.4 pp

Jun 2025−75.2 pp

Sep 2025−6.1 pp

Dec 2025+0.2 pp

Mar 2026+1.3 pp

Jun 2026—

Transocean Ltd. · RIG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+4.3 pp

Sep 2022+7.7 pp

Dec 2022−3.3 pp

Mar 2023−15.7 pp

Jun 2023−9.8 pp

Sep 2023−15.4 pp

Dec 2023+0.6 pp

Mar 2024+23.8 pp

Jun 2024−1.1 pp

Sep 2024−43.5 pp

Dec 2024+23.3 pp

Mar 2025+7.5 pp

Jun 2025−90.7 pp

Sep 2025−111.9 pp

Dec 2025+9.3 pp

Mar 2026+19.4 pp

Jun 2026—

Valaris Limited · VAL

Sep 2021—

Dec 2021—

Mar 2022+260.3 pp

Jun 2022—

Sep 2022+13.2 pp

Dec 2022+97.6 pp

Mar 2023+17.7 pp

Jun 2023+1.4 pp

Sep 2023−10.5 pp

Dec 20230.0 pp

Mar 2024+3.6 pp

Jun 2024+20.2 pp

Sep 2024+11.2 pp

Dec 2024−70.6 pp

Mar 2025+17.4 pp

Jun 2025+8.9 pp

Sep 2025+7.1 pp

Dec 2025−13.1 pp

Mar 2026−18.7 pp

Jun 2026—

07 · compare level, then change

Profit Scale & Acceleration

Valaris Limited has the highest Net profit among the 10 Oil & Gas Drilling companies compared here, at $1,000 million. Borr Drilling Limited is next at $33 million. Helmerich & Payne, Inc. has the highest Profit growth at -266.2%, so level and change sit with different companies. 6 of 10 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Valaris Limited leads with $1,000 million of TTM profit, 30.3× the profit of Borr Drilling Limited. Helmerich & Payne, Inc. shows -266.2% growth from a $369 million net cash profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderValaris Limited · $1,000 million

Gap30.3× versus #2 · Borr Drilling Limited

Persistence4/8 recent comparable periods

Coverage6/10 companies · 184 observations

Investor read: Valaris Limited sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

Net profitlargest

1Valaris Limited VAL$1.0B

2Borr Drilling Limited BORR$33M

3Seadrill Limited SDRL$-70M

4Helmerich & Payne, Inc. HP$-369M

5Sable Offshore Corp. SOC$-497M

Profit growthfastest growers

1Helmerich & Payne, Inc. HP-266%

Net profit · company comparison

6/10 level · 1/10 change

All-company data · latest reported quarter

Company	Net profit	Profit growth	Reported
Noble Corporation plc NE	$121M	12%	Jun 2026
Transocean Ltd. RIG	$71M	257%	Mar 2026
Precision Drilling Corporation PDS	$18M	-49%	Jun 2026
Nabors Industries Ltd. NBR	$4M	-93%	Jun 2026
Seadrill Limited SDRL	$-7M	-110%	Mar 2026
Valaris Limited VAL	$-18M	447%	Mar 2026
Patterson-UTI Energy, Inc. PTEN	$-24M	-2,500%	Jun 2026
Borr Drilling Limited BORR	$-29M	-104%	Mar 2026
Helmerich & Payne, Inc. HP	$-56M	-1,967%	Mar 2026
Sable Offshore Corp. SOC	$-197M	-9,100%	Mar 2026

Full 20-quarter history · every available company

Net profit · reported quarter history

Borr Drilling Limited · BORR

Sep 2021$-33M

Dec 2021$-46M

Mar 2022$-51M

Jun 2022$-165M

Sep 2022$-55M

Dec 2022$-21M

Mar 2023$-7M

Jun 2023$1M

Sep 2023$0M

Dec 2023$28M

Mar 2024$14M

Jun 2024$32M

Sep 2024$10M

Dec 2024$26M

Mar 2025$-17M

Jun 2025$35M

Sep 2025$28M

Dec 2025$-1M

Mar 2026$-29M

Jun 2026—

Helmerich & Payne, Inc. · HP

Sep 2021$-79M

Dec 2021$-103M

Mar 2022$-10M

Jun 2022$35M

Sep 2022$46M

Dec 2022$97M

Mar 2023$164M

Jun 2023$95M

Sep 2023$78M

Dec 2023$95M

Mar 2024$85M

Jun 2024$89M

Sep 2024$75M

Dec 2024$55M

Mar 2025$3M

Jun 2025$-162M

Sep 2025$-56M

Dec 2025$-95M

Mar 2026$-56M

Jun 2026—

Nabors Industries Ltd. · NBR

Sep 2021$-116M

Dec 2021$-109M

Mar 2022$-175M

Jun 2022$-70M

Sep 2022$-4M

Dec 2022$-58M

Mar 2023$61M

Jun 2023$16M

Sep 2023$-31M

Dec 2023$4M

Mar 2024$-9M

Jun 2024$-13M

Sep 2024$-33M

Dec 2024$-33M

Mar 2025$57M

Jun 2025$-2M

Sep 2025$302M

Dec 2025$17M

Mar 2026$4M

Jun 2026—

Noble Corporation plc · NE

Sep 2021—

Dec 2021—

Mar 2022$-37M

Jun 2022$37M

Sep 2022$34M

Dec 2022$135M

Mar 2023$108M

Jun 2023$66M

Sep 2023$158M

Dec 2023$145M

Mar 2024$95M

Jun 2024$195M

Sep 2024$61M

Dec 2024$124M

Mar 2025$108M

Jun 2025$43M

Sep 2025$-21M

Dec 2025$14M

Mar 2026$121M

Jun 2026—

Patterson-UTI Energy, Inc. · PTEN

Sep 2021$-83M

Dec 2021$-362M

Mar 2022$-29M

Jun 2022$22M

Sep 2022$61M

Dec 2022$100M

Mar 2023$100M

Jun 2023$85M

Sep 2023$0M

Dec 2023$62M

Mar 2024$52M

Jun 2024$12M

Sep 2024$-978M

Dec 2024$-51M

Mar 2025$1M

Jun 2025$-49M

Sep 2025$-36M

Dec 2025$-9M

Mar 2026$-24M

Jun 2026—

Precision Drilling Corporation · PDS

Sep 2021$-38M

Dec 2021$-27M

Mar 2022$-44M

Jun 2022$-25M

Sep 2022$31M

Dec 2022$3M

Mar 2023$96M

Jun 2023$27M

Sep 2023$20M

Dec 2023$147M

Mar 2024$37M

Jun 2024$21M

Sep 2024$39M

Dec 2024$15M

Mar 2025$35M

Jun 2025$16M

Sep 2025$-6M

Dec 2025$-42M

Mar 2026$18M

Jun 2026—

Sable Offshore Corp. · SOC

Sep 2021$10M

Dec 2021$-1M

Mar 2022$6M

Jun 2022$3M

Sep 2022$1M

Dec 2022$-11M

Mar 2023$2M

Jun 2023$-22M

Sep 2023$-10M

Dec 2023$-12M

Mar 2024$-180M

Jun 2024$-165M

Sep 2024$-256M

Dec 2024$-16M

Mar 2025$-110M

Jun 2025$-128M

Sep 2025$-110M

Dec 2025$-62M

Mar 2026$-197M

Jun 2026—

Seadrill Limited · SDRL

Sep 2021$9M

Dec 2021$9M

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023$43M

Jun 2023$94M

Sep 2023$90M

Dec 2023$73M

Mar 2024$60M

Jun 2024$253M

Sep 2024$32M

Dec 2024$101M

Mar 2025$-14M

Jun 2025$-42M

Sep 2025$-11M

Dec 2025$-10M

Mar 2026$-7M

Jun 2026—

Transocean Ltd. · RIG

Sep 2021$-130M

Dec 2021$-260M

Mar 2022$-175M

Jun 2022$-68M

Sep 2022$-28M

Dec 2022$-350M

Mar 2023$-465M

Jun 2023$-165M

Sep 2023$-220M

Dec 2023$-104M

Mar 2024$98M

Jun 2024$-123M

Sep 2024$-494M

Dec 2024$7M

Mar 2025$-79M

Jun 2025$-938M

Sep 2025$-1.9B

Dec 2025$25M

Mar 2026$71M

Jun 2026—

Valaris Limited · VAL

Sep 2021$-53M

Dec 2021$33M

Mar 2022$-40M

Jun 2022$113M

Sep 2022$78M

Dec 2022$31M

Mar 2023$49M

Jun 2023$-27M

Sep 2023$17M

Dec 2023$829M

Mar 2024$26M

Jun 2024$151M

Sep 2024$63M

Dec 2024$131M

Mar 2025$-39M

Jun 2025$114M

Sep 2025$187M

Dec 2025$717M

Mar 2026$-18M

Jun 2026—

Profit growth · reported quarter history

Borr Drilling Limited · BORR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 20243,100%

Sep 2024—

Dec 2024-7.1%

Mar 2025-221%

Jun 20259.4%

Sep 2025180%

Dec 2025-104%

Mar 2026—

Jun 2026—

Helmerich & Payne, Inc. · HP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023171%

Sep 202370%

Dec 2023-2.1%

Mar 2024-48%

Jun 2024-6.3%

Sep 2024-3.9%

Dec 2024-42%

Mar 2025-96%

Jun 2025-282%

Sep 2025-175%

Dec 2025-273%

Mar 2026-1,967%

Jun 2026—

Nabors Industries Ltd. · NBR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024-115%

Jun 2024-181%

Sep 2024—

Dec 2024-925%

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026-93%

Jun 2026—

Noble Corporation plc · NE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 202378%

Sep 2023365%

Dec 20237.4%

Mar 2024-12%

Jun 2024195%

Sep 2024-61%

Dec 2024-14%

Mar 202514%

Jun 2025-78%

Sep 2025-134%

Dec 2025-89%

Mar 202612%

Jun 2026—

Patterson-UTI Energy, Inc. · PTEN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023286%

Sep 2023-100%

Dec 2023-38%

Mar 2024-48%

Jun 2024-86%

Sep 2024—

Dec 2024-182%

Mar 2025-98%

Jun 2025-508%

Sep 2025—

Dec 2025—

Mar 2026-2,500%

Jun 2026—

Precision Drilling Corporation · PDS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023-35%

Dec 20234,800%

Mar 2024-61%

Jun 2024-22%

Sep 202495%

Dec 2024-90%

Mar 2025-5.4%

Jun 2025-24%

Sep 2025-115%

Dec 2025-380%

Mar 2026-49%

Jun 2026—

Sable Offshore Corp. · SOC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022-90%

Dec 2022—

Mar 2023-67%

Jun 2023-833%

Sep 2023-1,100%

Dec 2023—

Mar 2024-9,100%

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Seadrill Limited · SDRL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 202440%

Jun 2024169%

Sep 2024-64%

Dec 202438%

Mar 2025-123%

Jun 2025-117%

Sep 2025-134%

Dec 2025-110%

Mar 2026—

Jun 2026—

Transocean Ltd. · RIG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025-181%

Jun 2025—

Sep 2025—

Dec 2025257%

Mar 2026—

Jun 2026—

Valaris Limited · VAL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022-6.1%

Mar 2023—

Jun 2023-124%

Sep 2023-78%

Dec 20232,574%

Mar 2024-47%

Jun 2024—

Sep 2024271%

Dec 2024-84%

Mar 2025-250%

Jun 2025-25%

Sep 2025197%

Dec 2025447%

Mar 2026—

Jun 2026—

08 · compare level, then change

Return On Capital Employed

Transocean Ltd. has the highest ROCE among the 10 Oil & Gas Drilling companies compared here, at 1.8%. Borr Drilling Limited is next at 1.4%. The same company also holds the highest ROCE change, at +1.4 percentage points. 10 of 10 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Transocean Ltd. leads ROCE at 1.8%, 0.4 percentage points above Borr Drilling Limited. Transocean Ltd. has the strongest latest improvement at +1.4 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderTransocean Ltd. · 1.8%

Gap28.6% versus #2 · Borr Drilling Limited

Persistence4/8 recent comparable periods

Coverage10/10 companies · 192 observations

Investor read: Transocean Ltd. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

ROCEhighest

1Transocean Ltd. RIG1.8%

2Borr Drilling Limited BORR1.4%

3Nabors Industries Ltd. NBR1.4%

4Seadrill Limited SDRL0.7%

5Precision Drilling Corporation PDS0.6%

ROCE changefastest improvers

1Transocean Ltd. RIG+1.4 pp

2Patterson-UTI Energy, Inc. PTEN+0.4 pp

3Seadrill Limited SDRL+0.2 pp

4Nabors Industries Ltd. NBR−0.2 pp

5Borr Drilling Limited BORR−0.6 pp

Return on capital · company comparison

10/10 level · 10/10 change

All-company data · latest reported quarter

Company	ROCE	ROCE change	Reported
Transocean Ltd. RIG	1.8%	+1.4 pp	Mar 2026
Nabors Industries Ltd. NBR	1.4%	−0.2 pp	Jun 2026
Borr Drilling Limited BORR	1.4%	−0.6 pp	Mar 2026
Seadrill Limited SDRL	0.7%	+0.2 pp	Mar 2026
Precision Drilling Corporation PDS	0.6%	−0.7 pp	Jun 2026
Valaris Limited VAL	0.5%	−3.4 pp	Mar 2026
Noble Corporation plc NE	0.4%	−1.9 pp	Jun 2026
Patterson-UTI Energy, Inc. PTEN	-0.1%	+0.4 pp	Jun 2026
Helmerich & Payne, Inc. HP	-0.6%	−1.4 pp	Mar 2026
Sable Offshore Corp. SOC	-12%	−7.0 pp	Mar 2026

Full 20-quarter history · every available company

ROCE · reported quarter history

Borr Drilling Limited · BORR

Sep 2021-0.3%

Dec 2021-0.4%

Mar 2022-0.4%

Jun 2022-5.9%

Sep 20220.2%

Dec 20221.1%

Mar 20231.8%

Jun 20233.2%

Sep 20233.3%

Dec 20233.2%

Mar 20243.1%

Jun 20243.8%

Sep 20243.0%

Dec 20243.5%

Mar 20252.0%

Jun 20253.3%

Sep 20253.2%

Dec 20252.1%

Mar 20261.4%

Jun 2026—

Helmerich & Payne, Inc. · HP

Sep 2021-2.2%

Dec 2021-1.0%

Mar 2022-0.5%

Jun 20220.8%

Sep 20221.9%

Dec 20223.6%

Mar 20234.4%

Jun 20233.8%

Sep 20232.5%

Dec 20233.1%

Mar 20242.8%

Jun 20242.9%

Sep 20242.3%

Dec 20241.9%

Mar 20250.8%

Jun 2025-2.5%

Sep 20250.0%

Dec 2025-1.1%

Mar 2026-0.6%

Jun 2026—

Nabors Industries Ltd. · NBR

Sep 2021-1.4%

Dec 2021-0.9%

Mar 2022-2.5%

Jun 2022-0.4%

Sep 20221.1%

Dec 20220.1%

Mar 20232.8%

Jun 20231.9%

Sep 20230.3%

Dec 20231.5%

Mar 20241.2%

Jun 20241.2%

Sep 20240.5%

Dec 20240.7%

Mar 20250.2%

Jun 20251.6%

Sep 20251.3%

Dec 20251.9%

Mar 20261.5%

Jun 20261.4%

Noble Corporation plc · NE

Sep 20210.0%

Dec 20210.0%

Mar 2022—

Jun 2022—

Sep 20221.7%

Dec 20225.1%

Mar 20234.6%

Jun 20234.7%

Sep 20235.3%

Dec 20233.3%

Mar 20242.3%

Jun 20244.4%

Sep 20241.9%

Dec 20242.9%

Mar 20253.2%

Jun 20252.3%

Sep 20250.7%

Dec 20250.6%

Mar 20263.3%

Jun 20260.4%

Patterson-UTI Energy, Inc. · PTEN

Sep 2021-3.0%

Dec 2021-13%

Mar 2022-0.7%

Jun 20221.4%

Sep 20222.9%

Dec 20224.6%

Mar 20234.9%

Jun 20234.0%

Sep 20230.2%

Dec 20232.5%

Mar 20242.0%

Jun 20241.0%

Sep 2024-17%

Dec 2024-0.6%

Mar 20250.3%

Jun 2025-0.5%

Sep 2025-0.6%

Dec 20250.0%

Mar 2026-0.3%

Jun 2026-0.1%

Precision Drilling Corporation · PDS

Sep 2021-0.9%

Dec 2021-0.3%

Mar 2022-1.2%

Jun 2022-0.2%

Sep 20222.0%

Dec 20220.8%

Mar 20235.2%

Jun 20232.8%

Sep 20231.6%

Dec 20232.8%

Mar 20242.4%

Jun 20241.6%

Sep 20242.6%

Dec 20241.5%

Mar 20252.5%

Jun 20251.3%

Sep 20251.5%

Dec 20251.5%

Mar 20261.6%

Jun 20260.6%

Sable Offshore Corp. · SOC

Sep 2021-0.1%

Dec 2021-0.3%

Mar 2022-0.1%

Jun 2022-0.1%

Sep 2022-0.4%

Dec 2022-1.4%

Mar 2023-0.6%

Jun 2023-12%

Sep 2023-0.6%

Dec 2023-2.4%

Mar 2024-25%

Jun 2024-9.9%

Sep 2024-7.7%

Dec 2024-4.7%

Mar 2025-4.5%

Jun 2025-14%

Sep 2025-12%

Dec 2025-9.2%

Mar 2026-12%

Jun 2026—

Seadrill Limited · SDRL

Sep 2021164%

Dec 2021164%

Mar 20220.0%

Jun 20220.0%

Sep 20220.0%

Dec 20220.0%

Mar 20232.8%

Jun 20235.9%

Sep 20235.9%

Dec 20232.7%

Mar 20242.1%

Jun 20247.6%

Sep 20241.2%

Dec 2024-0.1%

Mar 20250.5%

Jun 20250.2%

Sep 20250.7%

Dec 2025-0.1%

Mar 20260.7%

Jun 2026—

Transocean Ltd. · RIG

Sep 20210.0%

Dec 2021-0.2%

Mar 2022-0.3%

Jun 20220.1%

Sep 20220.3%

Dec 2022-0.3%

Mar 2023-0.8%

Jun 2023-0.2%

Sep 2023-0.3%

Dec 2023-0.4%

Mar 20240.0%

Jun 2024-0.3%

Sep 2024-2.6%

Dec 20240.7%

Mar 20250.4%

Jun 2025-5.5%

Sep 2025-11%

Dec 20251.5%

Mar 20261.8%

Jun 2026—

Valaris Limited · VAL

Sep 20210.0%

Dec 2021-0.3%

Mar 2022-0.7%

Jun 2022-1.4%

Sep 20222.7%

Dec 202217%

Mar 20230.4%

Jun 2023-0.4%

Sep 20230.7%

Dec 202315%

Mar 20241.0%

Jun 20243.5%

Sep 20243.0%

Dec 20243.3%

Mar 20253.9%

Jun 20254.4%

Sep 20253.5%

Dec 20250.9%

Mar 20260.5%

Jun 2026—

ROCE change · reported quarter history

Borr Drilling Limited · BORR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+0.5 pp

Dec 2022+1.5 pp

Mar 2023+2.2 pp

Jun 2023+9.1 pp

Sep 2023+3.1 pp

Dec 2023+2.1 pp

Mar 2024+1.3 pp

Jun 2024+0.6 pp

Sep 2024−0.3 pp

Dec 2024+0.3 pp

Mar 2025−1.1 pp

Jun 2025−0.5 pp

Sep 2025+0.2 pp

Dec 2025−1.4 pp

Mar 2026−0.6 pp

Jun 2026—

Helmerich & Payne, Inc. · HP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+4.1 pp

Dec 2022+4.6 pp

Mar 2023+4.9 pp

Jun 2023+3.0 pp

Sep 2023+0.6 pp

Dec 2023−0.5 pp

Mar 2024−1.6 pp

Jun 2024−0.9 pp

Sep 2024−0.2 pp

Dec 2024−1.2 pp

Mar 2025−2.0 pp

Jun 2025−5.4 pp

Sep 2025−2.3 pp

Dec 2025−3.0 pp

Mar 2026−1.4 pp

Jun 2026—

Nabors Industries Ltd. · NBR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+2.5 pp

Dec 2022+1.0 pp

Mar 2023+5.3 pp

Jun 2023+2.3 pp

Sep 2023−0.8 pp

Dec 2023+1.4 pp

Mar 2024−1.6 pp

Jun 2024−0.7 pp

Sep 2024+0.2 pp

Dec 2024−0.8 pp

Mar 2025−1.0 pp

Jun 2025+0.4 pp

Sep 2025+0.8 pp

Dec 2025+1.2 pp

Mar 2026+1.3 pp

Jun 2026−0.2 pp

Noble Corporation plc · NE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+1.7 pp

Dec 2022+5.1 pp

Mar 2023—

Jun 2023—

Sep 2023+3.6 pp

Dec 2023−1.8 pp

Mar 2024−2.3 pp

Jun 2024−0.3 pp

Sep 2024−3.4 pp

Dec 2024−0.4 pp

Mar 2025+0.9 pp

Jun 2025−2.1 pp

Sep 2025−1.2 pp

Dec 2025−2.3 pp

Mar 2026+0.1 pp

Jun 2026−1.9 pp

Patterson-UTI Energy, Inc. · PTEN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+5.9 pp

Dec 2022+17.6 pp

Mar 2023+5.6 pp

Jun 2023+2.6 pp

Sep 2023−2.7 pp

Dec 2023−2.1 pp

Mar 2024−2.9 pp

Jun 2024−3.0 pp

Sep 2024−17.4 pp

Dec 2024−3.1 pp

Mar 2025−1.7 pp

Jun 2025−1.5 pp

Sep 2025+16.6 pp

Dec 2025+0.6 pp

Mar 2026−0.6 pp

Jun 2026+0.4 pp

Precision Drilling Corporation · PDS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+2.9 pp

Dec 2022+1.1 pp

Mar 2023+6.4 pp

Jun 2023+3.0 pp

Sep 2023−0.4 pp

Dec 2023+2.0 pp

Mar 2024−2.8 pp

Jun 2024−1.2 pp

Sep 2024+1.0 pp

Dec 2024−1.3 pp

Mar 2025+0.1 pp

Jun 2025−0.3 pp

Sep 2025−1.1 pp

Dec 20250.0 pp

Mar 2026−0.9 pp

Jun 2026−0.7 pp

Sable Offshore Corp. · SOC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−0.3 pp

Dec 2022−1.1 pp

Mar 2023−0.5 pp

Jun 2023−12.2 pp

Sep 2023−0.2 pp

Dec 2023−1.0 pp

Mar 2024−24.1 pp

Jun 2024+2.4 pp

Sep 2024−7.1 pp

Dec 2024−2.3 pp

Mar 2025+20.2 pp

Jun 2025−3.7 pp

Sep 2025−4.5 pp

Dec 2025−4.5 pp

Mar 2026−7.0 pp

Jun 2026—

Seadrill Limited · SDRL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−163.8 pp

Dec 2022−163.8 pp

Mar 2023+2.8 pp

Jun 2023+5.9 pp

Sep 2023+5.9 pp

Dec 2023+2.7 pp

Mar 2024−0.7 pp

Jun 2024+1.7 pp

Sep 2024−4.7 pp

Dec 2024−2.8 pp

Mar 2025−1.6 pp

Jun 2025−7.4 pp

Sep 2025−0.5 pp

Dec 20250.0 pp

Mar 2026+0.2 pp

Jun 2026—

Transocean Ltd. · RIG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+0.3 pp

Dec 2022−0.1 pp

Mar 2023−0.5 pp

Jun 2023−0.3 pp

Sep 2023−0.6 pp

Dec 2023−0.1 pp

Mar 2024+0.8 pp

Jun 2024−0.1 pp

Sep 2024−2.3 pp

Dec 2024+1.1 pp

Mar 2025+0.4 pp

Jun 2025−5.2 pp

Sep 2025−7.9 pp

Dec 2025+0.8 pp

Mar 2026+1.4 pp

Jun 2026—

Valaris Limited · VAL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+2.7 pp

Dec 2022+17.7 pp

Mar 2023+1.1 pp

Jun 2023+1.0 pp

Sep 2023−2.0 pp

Dec 2023−2.6 pp

Mar 2024+0.6 pp

Jun 2024+3.9 pp

Sep 2024+2.3 pp

Dec 2024−11.5 pp

Mar 2025+2.9 pp

Jun 2025+0.9 pp

Sep 2025+0.5 pp

Dec 2025−2.4 pp

Mar 2026−3.4 pp

Jun 2026—

09 · compare level, then change

Valuation Against Growth & Quality

No company in this Oil & Gas Drilling comparison reports a valuation figure this section can compare, so the PEG rank is empty. On P/E, Nabors Industries Ltd. is lowest at 6.25×, across 9 of 10 companies with a usable reading. PEG asks what price is being paid for growth; P/E keeps that answer anchored to the actual earnings multiple.

What the numbers say: There is not enough comparable evidence to name a reliable peg leader.

LeaderNo comparable leader

GapNot enough peers

PersistenceNot enough history

Coverage0/10 companies · 5 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

PEGlowest PEG

—Not enough comparable data—

P/Elowest P/E

1Nabors Industries Ltd. NBR6.3

2Valaris Limited VAL6.9

3Helmerich & Payne, Inc. HP11.9

4Patterson-UTI Energy, Inc. PTEN33.4

5Borr Drilling Limited BORR38.5

Valuation · company comparison

0/10 level · 9/10 change

All-company data · latest reported quarter

Company	PEG	P/E	Reported
Noble Corporation plc NE	1.5	40.1	Jun 2026
Helmerich & Payne, Inc. HP	0.8	11.9	Mar 2026
Patterson-UTI Energy, Inc. PTEN	0.3	33.4	Jun 2026
Seadrill Limited SDRL	0.1	65.7	Mar 2026
Valaris Limited VAL	—	6.9	Mar 2026
Nabors Industries Ltd. NBR	—	6.3	Jun 2026
Borr Drilling Limited BORR	—	38.5	Mar 2026
Precision Drilling Corporation PDS	—	703.5	Jun 2026
Sable Offshore Corp. SOC	—	44.7	Mar 2026

Full 20-quarter history · every available company

PEG · reported quarter history

Helmerich & Payne, Inc. · HP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 20240.8

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Noble Corporation plc · NE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 20240.5

Jun 2024—

Sep 20241.5

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Patterson-UTI Energy, Inc. · PTEN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20230.3

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Seadrill Limited · SDRL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 20240.1

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

P/E · reported quarter history

Borr Drilling Limited · BORR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202381.8

Mar 202440.3

Jun 202422.2

Sep 202416.6

Dec 202412.2

Mar 202511.5

Jun 20258.7

Sep 202510.0

Dec 202523.7

Mar 202638.5

Jun 2026—

Helmerich & Payne, Inc. · HP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022739.4

Dec 202234.4

Mar 202311.8

Jun 20239.3

Sep 202310.1

Dec 20238.6

Mar 202412.1

Jun 202410.5

Sep 20248.9

Dec 202410.6

Mar 202511.9

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Nabors Industries Ltd. · NBR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 20254.2

Dec 20253.1

Mar 20266.7

Jun 20266.3

Noble Corporation plc · NE

Sep 2021—

Dec 202116.4

Mar 2022—

Jun 202220.3

Sep 202214.6

Dec 202221.8

Mar 202315.7

Jun 202316.4

Sep 202315.8

Dec 202314.5

Mar 202415.0

Jun 202410.8

Sep 202410.5

Dec 202410.6

Mar 20257.9

Jun 202513.8

Sep 202520.2

Dec 202520.9

Mar 202634.3

Jun 202640.1

Patterson-UTI Energy, Inc. · PTEN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 202224.1

Mar 20239.0

Jun 20237.5

Sep 202310.5

Dec 202312.3

Mar 202417.6

Jun 202433.4

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Precision Drilling Corporation · PDS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 202311.5

Jun 20236.8

Sep 202310.2

Dec 20233.7

Mar 20245.9

Jun 20246.3

Sep 20245.2

Dec 202411.3

Mar 20259.5

Jun 20259.7

Sep 202520.5

Dec 2025703.5

Mar 2026—

Jun 2026—

Sable Offshore Corp. · SOC

Sep 2021—

Dec 202169.4

Mar 202234.8

Jun 202219.2

Sep 202244.7

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Seadrill Limited · SDRL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202311.5

Mar 202412.5

Jun 20248.1

Sep 20246.9

Dec 20246.1

Mar 20254.7

Jun 202523.4

Sep 202565.7

Dec 2025—

Mar 2026—

Jun 2026—

Valaris Limited · VAL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202269.3

Sep 202221.1

Dec 202229.0

Mar 202318.9

Jun 202339.8

Sep 202397.4

Dec 20236.0

Mar 20246.6

Jun 20245.4

Sep 20243.8

Dec 20248.6

Mar 20259.2

Jun 202511.0

Sep 20258.7

Dec 20253.6

Mar 20266.9

Jun 2026—

10 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Oil & Gas Drilling comparison names 5 specific ways its own evidence can mislead, all listed below. All 10 companies here report on comparable dates, so no rank carries a stale marker. 1 of the 5 ranked sections has fewer than three usable current readings. A high growth rate can still be a low-base artefact.

Keep these limits visible

A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
Thin comparisons: Valuation have fewer than three usable current readings.

11 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 10 Oil & Gas Drilling companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-08-04. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company

Market dataThrough 2026-08-04 · weekly price and relative-strength history

Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.

Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.

12 · questions investors ask, short speakable answers

Oil & Gas Drilling company comparison FAQs

These 20 answers restate the Oil & Gas Drilling comparison above in question form. Every one is computed from the same 10 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-08-04. Nothing here is estimated, and none of it is a recommendation.

Is the Oil & Gas Drilling sector outperforming S&P 500?

Which Oil & Gas Drilling company is largest by revenue?

Transocean Ltd. leads with revenue of $4,140 million, based on 5 of 10 comparable companies through Mar 2026.

Which Oil & Gas Drilling company is growing fastest?

Helmerich & Payne, Inc. has the fastest current revenue growth at 29.7%, across 5 of 10 comparable companies.

Which Oil & Gas Drilling company has the strongest 4-Factor Sector Score?

Nabors Industries Ltd. ranks first at 59.1/100 with 51.8% evidence confidence. The score prioritizes research; it is not a buy recommendation.

How much history does this Oil & Gas Drilling comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Which Oil & Gas Drilling company is the biggest?

Transocean Ltd. is the largest, with trailing-twelve-month revenue of $4,140 million, ahead of Helmerich & Payne, Inc. at $4,002 million. That covers 5 of 10 companies with comparable reporting through Mar 2026.

Which Oil & Gas Drilling company has the best profit margins?

Noble Corporation plc has the highest operating margin at 28.7%, from 9 of 10 comparable companies. Transocean Ltd. shows the biggest recent improvement, at +19.4 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Oil & Gas Drilling company makes the most profit?

Valaris Limited earns the most, at $1,000 million of trailing-twelve-month net profit, from 6 of 10 comparable companies. Helmerich & Payne, Inc. has the fastest profit growth at -266.2%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Oil & Gas Drilling company earns the highest return on capital?

Transocean Ltd. leads on return on capital employed at 1.8%, across 10 of 10 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Is the Oil & Gas Drilling sector beating the market?

Oil & Gas Drilling has outperformed S&P 500 by 28.7% over the last 52 weeks and 25% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 3 of 10 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Oil & Gas Drilling stock has the strongest price momentum?

Nabors Industries Ltd. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Oil & Gas Drilling company scores highest for research priority?

Nabors Industries Ltd. scores 59.1 out of 100 with 51.8% evidence confidence, from 19.1 points on growth and earnings, 11.5 on capital efficiency, 11.5 on valuation and 17 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Oil & Gas Drilling companies does this comparison cover, and over what period?

It compares 10 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Oil & Gas Drilling sector?

The 10 Oil & Gas Drilling companies on this page carry $31,994 million of combined market value. Noble Corporation plc is the largest at $6,518 million, about 20% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-04.

What is the Oil & Gas Drilling sector's P/E ratio?

The median price-to-earnings ratio across the 10 Oil & Gas Drilling companies on this page is 38.5×, measured on the 9 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-08-04.

How is the Oil & Gas Drilling sector performing?

3 of the 10 covered Oil & Gas Drilling companies are beating S&P 500 on Mansfield relative strength. The sector itself is 28.7% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-04.

How many Oil & Gas Drilling stocks are listed in the US?

This comparison covers 10 listed Oil & Gas Drilling companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.