Key Takeaways RIG's shares rose 21% in three months, beating both its sub-industry and sector growth.The company holds an industry-leading $7B backlog, providing revenue stability and visibility.RIG plans$100M annual cost cuts in 2025-2026 and aims to reduce debt by $700M in 2025.Over the past three months, shares of Transocean Ltd (RIG) gained 21%, outperforming the Zacks Oil & Gas-Drilling sub-industry growth of 18.9% and significantly exceeding the broader Zacks Oil & Energy sector’s 5.9% increase. This ...