Co-movers

daily closes · 500dMethod

Moved together

SDRLwithPSX

×0.36co-movement · PSX on SDRL · 500d

r 0.50scale to r 0.75

Shared co-movers1with SDRLwith PSX

OVVOvintiv Inc.r 0.66r 0.66

SDRL, solidPSX, hatched× = co-movement · βr = correlationBar = r to r 0.75Order: weaker of A and BSource: daily closes

SDRLSeadrill Ltd

41.05· pre 41.12· delayed

Mkt cap$2.5BRevenue$428MQ3 FY26Revenue$1.4BFY25

PSXPhillips 66

248.12· pre 249.00· delayed

Pre-marketNov 6 '26delayed

Mkt cap$96.4BRevenue$51.5BQ3 FY26Revenue$137BFY25

vs

Compare

Pre-marketNov 6 '26delayed

SDRLSeadrill Ltd

vs

PSXPhillips 66

41.05pre 41.12delayed

Price

248.12pre 249.00delayed

$2.5B

Mkt cap

$96.4B

Q3 FY26$428M

Revenue

$51.5BQ3 FY26

FY25$1.4B

Revenue

$137BFY25

SDRL compared with PSX: revenue, margins and what each company keeps, and the suppliers and customers both name