Maersk Drilling's share price doubled in 2021: "We've surpassed our competitors"

Maersk Drilling's share price has, so far, nearly doubled in 2021 after it almost bottomed out in 2020, a year that pressured the already strained drilling industry. Low debt positions the company better than its competitors, said chairman Claus Hemmingsen during the company's general assembly Thursday.

Photo: Casper Holmenlund Christensen

The hard-pressed drilling sector did not have an easy 2020, during which both the coronavirus crisis and oil price collapse of affected the market.

Despite all this, Maersk Drilling's share price is up 44 percent since the beginning of 2021, although it still has quite some way to go before it reaches the listing price of DKK 570 (USD 91) from the 2019 IPO.

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