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Transocean Receives Unqualified Audit Opinion on Financial Statements
Transocean (RIG) announced that its statutory auditor, Ernst & Young Ltd., issued an unqualified opinion on the company’s consolidated financial statements for the years ended December 31, 2023, 2024, and 2025. The audit confirmed fair presentation under U.S. GAAP and compliance with Swiss law, while noting complex multi-jurisdiction income tax provisioning as a critical audit matter. Spark, TipRanks’ AI Analyst, rated RIG as Neutral, citing improving financial momentum, a constructive earnings outlook, and declining debt, despite ongoing losses.