Today, our energy analysts look at the world's largest offshore contractor driller, Transocean (NYSE:RIG). The company reported that adjusted per-share earnings from continuing operations rose to $1.37, while revenue increased 23% to $2.44 billion.

Transocean also earlier agreed to sell 38 shallow-water drillers as part of a plan to focus on the higher end of the offshore-drilling market. Transocean's revenue has improved in recent quarters; analyst Joel South gives you the Fool scoop in the following video.


This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.