Seadrill Limited ("Seadrill" or the "Company") (NYSE:SDRL) today announced that it has extended its share repurchase program, as part of its ongoing commitment to deliver shareholder returns. As previously announced, the Company’s Board of Directors (the "Board") authorized a $500 million share repurchase program that would terminate on June 25, 2026 (as extended, the "Repurchase Program"). As of June 19, 2026, approximately $208 million of the $500 million authorized amount remained available under the Repurchase Program. On June 22, 2026, the Board authorized an extension of the Repurchase Program to run through December 31, 2026.