Transocean Stock History: What Investors Need to Know

Transocean (NYSE: RIG) is the world's largest offshore drilling contractor. Its rigs and employees are contracted out for drilling operations in more or less every major offshore oil-producing region. Despite its long history and global reach, Transocean has continued to struggle as oil producers continue to cut spending budgets in reaction to the oil downturn. It's worth noting that despite its current travails, which have sent its stock to all-time lows, Transocean has weathered the current oil downturn better than many of its peers, some of which have sought Chapter 11 bankruptcy protection (such as Ocean Rig UDW, which filed in March 2017).

With Transocean adapting to the current downturn as best as it can, there might be clues as to how the company might emerge from the oil crisis. Read on for an overview of Transocean's history and what it says about the company's future.