Seadrill Limited provides offshore drilling services to the oil and gas industry worldwide. The company owns and operates drill ships and semi-submersible rigs for operations in shallow and ultra-deep water in benign and harsh environments. It serves oil super-majors, state-owned national oil companies, and independent oil and gas companies. The company was formerly known as Seadrill 2021 Limited. Seadrill Limited …
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Competitive advantage assessment
Key strengths
Strong Liquidity BufferLiquidity position is strong (score 0.83), providing operational cushion.
Operating Leverage in EffectOperating leverage is evident (score 0.91), with margins expanding over time.
Key risks
Commodity Pressure / Weak DifferentiationGross margin at 10.1th percentile with high volatility suggests weak pricing power or commoditized products.
Revenue Volatility Signals Weak StickinessRevenue volatility is high (stability score 0.00), suggesting weak customer stickiness.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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Where SDRL ranks in Energy: Upstream (E&P/Drilling)
Seadrill Limited ranks #70 of 102
scored companies in Energy: Upstream (E&P/Drilling) by moat score — the top 69%.
The widest moat in the group is Texas Pacific Land Corporation (TPL)
at 84/100.
Moat scores for companies ranked near SDRL in Energy: Upstream (E&P/Drilling)
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 42
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 17
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 36
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 48
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 46
· 15% of the moat score
Scale matters only when it converts into economics.
Seadrill Limited (SDRL) scores 36 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #70 of 102 scored companies in Energy: Upstream (E&P/Drilling), the top 69%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 101 companies in Energy: Upstream (E&P/Drilling). Its strongest defense is Resilience (48/100) and its weakest is Customer Stickiness (17/100).
How does Seadrill Limited compare with other Energy: Upstream (E&P/Drilling) companies?
Seadrill Limited ranks #70 of 102 scored companies in Energy: Upstream (E&P/Drilling) by moat score. The widest moat in Energy: Upstream (E&P/Drilling) is Texas Pacific Land Corporation (TPL) at 84/100. The companies ranked closest are Helmerich & Payne, Inc. (HP) at 37 just above it and Patterson-UTI Energy, Inc. (PTEN) at 36 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 101 companies in Energy: Upstream (E&P/Drilling). The defenses are then weighted to produce the overall score out of 100.
Why is Seadrill Limited scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Seadrill Limited?
The Corporate Default template measures 6 defenses, and SDRL scores: Pricing Power (22), Cost Advantage (42), Customer Stickiness (17), Capital Efficiency (36), Resilience (48), Scale & Market Position (46). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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