# SEADRILL Ltd (SDRL) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from SEADRILL Ltd's 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/SDRL/mda/fy2025/): filed 2026-02-26; accession 0001737706-26-000010 (https://www.sec.gov/Archives/edgar/data/1737706/000173770626000010/sdrl-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/SDRL/mda/fy2024/): filed 2025-02-27; accession 0001628280-25-008662 (https://www.sec.gov/Archives/edgar/data/1737706/000162828025008662/sdrl-20241231.htm)

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