Company data sheet · Diamond Offshore Drilling
Diamond Offshore Drilling: five lost years, and the economy wasn't the reason.
- Industry
- Drilling Oil & Gas Wells
- Headquarters
- United States
- Sources
- SEC filings (1996–2024), Stratrix's verified Decision Cases, market data and official economic statistics for the United States
- Data as of
- November 1, 2026
- From profit to five straight losses. Diamond Offshore Drilling earned $0 billion in 2017–2017. Then it lost money every year from 2018 to 2023: $1.9 billion in all.
- It wasn't the cycle. The losses began in 2018, a year the US economy grew 3.0%. When a company falls while its economy grows, look inside the company first.
- Left behind by its peers. From 2016 to 2023, its revenue shrank 34% in US dollars; the median among 94 large energy and mining companies grew 92%. It outgrew only 2% of them.
- Leaders came and went. Diamond Offshore Drilling filed 28 leadership changes since 2016, more than 89% of large energy and mining companies (the median is 10).
Financial results
| Fiscal year | Revenue | Net income | |
|---|---|---|---|
| 2016 | $1.6 billion | −$0.4 billion | |
| 2017 | $1.5 billion | $0 billion |
As reported in its annual filings. Losses in red.
The full data sheet · Data Plan
Everything behind these findings, ready for your board deck.
- Market reaction to disclosed decisions: 52 decision filings since 2016, each linked to the SEC, with the share return against its sector and the US market the next day and the next year (0 with market data).
- Economic context: 7 measures for the United States, every year since 2016, from the official sources.
- Peer comparison: against 175 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
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