Offshore drilling rig owner Transocean (RIG +0.61%) recently reported lower than expected earnings as rig downtime hit the bottom line. To top it off, activist investor Carl Icahn is trying to squeeze a $4.00 per share annual dividend out of the company, which management thinks is far too aggressive. The Motley Fool's Lauren Kuczala sat down with Fool.com contributor Travis Hoium to discuss whether results will pick up, and if investors can expect a big dividend going forward.
Downtime Sinks Transocean
By Travis Hoium – May 15, 2013 at 2:00PM
NYSE: RIG
Transocean
Market Cap
$3.6B
Today's Change
(0.61%) $0.02
Current Price
$3.31
Price as of October 21, 2025 at 4:00 PM ET
Low utilization is affecting Transocean's profitability.
About the Author
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.