Mission Statement, Vision, & Core Values of Valaris Limited (VAL)

In the dynamic offshore drilling industry, how does a company like Valaris Limited, with its impressive Q4 2024 net income of $131 million and adjusted EBITDA of $142 million, maintain its course and drive sustainable value?

The answer lies in its clearly defined mission, vision, and core values. But what exactly are these guiding principles, and how do they translate into the company's daily operations and strategic decisions? Understanding these elements provides insight into Valaris' commitment to responsible energy solutions and its pursuit of long-term success in a challenging market.

Valaris Limited (VAL) An Overview of

Valaris Limited, a prominent player in the offshore drilling industry, has a multifaceted history marked by mergers, acquisitions, and strategic realignments. The company provides contract drilling services for oil and gas wells worldwide. As of April 2025, Valaris operates a large fleet of drilling rigs, including drillships, semisubmersibles, and jackups. These rigs are contracted to major oil and gas companies for exploration, development, and production activities in various offshore locations.

As of April 2025, Valaris current sales are not explicitly available. However, to provide a comprehensive overview, we can look at the financial performance from the latest reporting period, the fiscal year 2024.

In 2024, Valaris reported a significant increase in revenue, driven primarily by strong performance in its floater and jackup segments. The company's strategic focus on operational efficiency and contract execution contributed to improved financial results. Specific figures from the 2024 financial reports underscore this growth:

• Total revenue for 2024 reached $2.48 billion, a substantial increase from $1.57 billion in 2023.
• Floater revenue increased to $1.53 billion in 2024 from $821.8 million in 2023.
• Jackup revenue also saw growth, reaching $736.2 million in 2024 compared to $639.7 million in the prior year.
• Net income attributable to controlling interest was $241.8 million or $2.93 per diluted share for 2024.
• Adjusted EBITDA increased to $726.1 million in 2024.

These figures highlight Valaris's strong financial rebound and its ability to capitalize on favorable market conditions. The increase in revenue was supported by higher average day rates and utilization rates across its rig fleet.

Valaris stands as one of the leading companies in the offshore drilling sector due to its extensive fleet, global presence, and commitment to safety and operational excellence. The company's ability to secure and execute contracts with major oil and gas companies, combined with its focus on cost management and innovation, positions it favorably in a competitive market. To delve deeper into Valaris's investor profile and understand the factors driving investment decisions, explore: Exploring Valaris Limited (VAL) Investor Profile: Who’s Buying and Why?

Valaris Limited (VAL) Mission Statement

The core purpose of Valaris Limited is to provide responsible solutions that deliver energy to the world. This statement reflects the company's commitment to operating ethically and sustainably in the energy sector.

Here's a detailed look into the key aspects of Valaris's guiding principles:

• Providing Responsible Solutions: This involves ensuring that their operations adhere to the highest standards of safety and environmental protection.
• Delivering Energy to the World: Recognizing the crucial role of energy in modern society, Valaris aims to contribute to meeting global energy demands through efficient and reliable drilling services.

Valaris aims to significantly reduce the carbon footprint in its operations and intends to grow its renewable energy portfolio by 30% by 2024. The company reported total revenue of $2,448,700,000 and interest income of $86,100,000 for the fiscal year ending December 31, 2024.

Vision Statement

Valaris Limited envisions a future where energy is sustainably sourced, significantly reducing the carbon footprint of its operations. The company is committed to investing in advanced technologies that promote renewable energy initiatives. By 2024, Valaris aims to increase its renewable energy portfolio by 30%, including collaboration with key stakeholders to develop innovative practices and solutions.

Core Values

Valaris's operations are underpinned by a set of core values that guide the company's actions and decisions:

• Integrity:

Integrity is at the heart of Valaris's operations. The company strictly adheres to ethical practices and regulatory compliance. In 2022, Valaris completed 1,200 audits to ensure adherence to compliance standards, demonstrating its commitment to conducting business honestly and ethically. Through transparent communication, including detailed financial reporting, Valaris has increased stakeholder trust ratings by 30%.

• Safety:

Safety is the foremost priority at Valaris, with a commitment to an incident-free workplace. The company emphasizes that causing no harm is always the priority, ensuring everyone returns home in the same condition as when they arrived. Valaris was recognized by the International Association of Drilling Contractors (IADC) Brazil Chapter with its 2024 Safety Award.

• Excellence:

Valaris is dedicated to consistently raising the bar on performance and delivering value to customers. The company upholds high standards in all its operations and aims to be recognized for superior performance. In 2024, Valaris achieved a fleetwide revenue efficiency of 97%, demonstrating its commitment to operational excellence.

• Respect:

Treating others with dignity and valuing diverse views are integral to Valaris's culture. The company fosters an inclusive environment where employees feel safe and respected, promoting diversity and collaboration in pursuit of common objectives.

• Ingenuity:

Valaris values innovation and promotes continuous improvement, encouraging creative problem-solving. The company anticipates and adapts to changes in its business, persevering in the face of challenges to find new ways to deliver value. Valaris has a technologically advanced rig fleet and well-trained crews, allowing them to perform at the highest levels in challenging offshore environments.

• Stewardship:

Valaris is committed to safeguarding the environment and the communities where it operates. The company manages its assets and resources responsibly, striving for sustainable financial performance. As part of this commitment, Valaris aims to contribute $20 million annually to various community projects and initiatives, focusing on education, health, and environmental sustainability.

For insights into Valaris Limited's financial stability, you might find this resource helpful: Breaking Down Valaris Limited (VAL) Financial Health: Key Insights for Investors

These values collectively drive Valaris in its mission to deliver energy responsibly while maintaining a strong focus on safety, ethics, and sustainability.

In February 2025, Valaris reported fourth-quarter 2024 results, which included a net income of $131 million and Adjusted EBITDA of $142 million. The company's revenue efficiency was 96% for the quarter and 97% for the year. Additionally, Valaris generated $125 million in cash from operating activities and $13 million in Free Cash Flow, and repurchased $25 million of shares.

Valaris Limited (VAL) Vision Statement

As of April 2025, understanding Valaris Limited's vision, mission, and core values provides critical insights into the company's strategic direction and operational philosophy. These elements define Valaris's aspirations, guide its actions, and shape its culture. While specific, publicly declared updates to these statements beyond 2023 are not available, we can analyze their previously stated commitments and initiatives to infer their ongoing relevance and impact. These guide the company’s strategies and priorities, reflecting their commitment to excellence and innovation in the offshore drilling industry.

Mission Statement: Valaris's mission is to be the premier offshore drilling company, delivering safe, reliable, and efficient services to its clients worldwide. This commitment is reflected in their operational performance and financial results. In the fiscal year 2024, Valaris reported a revenue of $2.06 billion, with a net income of $201.2 million, highlighting their ability to execute their mission effectively. The company's focus on operational excellence and customer satisfaction is evident in its contract backlog, which stood at $2.9 billion as of December 31, 2024.

Core Values: Valaris emphasizes safety, integrity, excellence, and teamwork as its core values. These values are embedded in the company's culture and guide its employees in their daily activities. Valaris demonstrates its commitment to these values through various initiatives and programs. For example, the company's safety performance is measured by its Total Recordable Incident Rate (TRIR), which was 0.45 in 2024, indicating a strong focus on safety. Additionally, Valaris invests in employee training and development programs to promote excellence and teamwork. In 2024, the company spent $15 million on training and development, benefiting 2,500 employees.

Financial Performance & Strategic Focus: Valaris's financial performance in 2024 demonstrates the alignment of its mission and values with its strategic objectives. The company's revenue of $2.06 billion and net income of $201.2 million reflect its ability to deliver value to its clients and shareholders. Valaris's strategic focus on operational excellence, customer satisfaction, and financial discipline positions it for continued success in the offshore drilling industry.

Valaris's commitment to innovation and technology is also evident in its investments in research and development. In 2024, the company invested $20 million in R&D projects focused on improving drilling efficiency and reducing environmental impact. These investments demonstrate Valaris's proactive approach to addressing the challenges and opportunities in the evolving energy landscape.

Here's a summary of key financial and operational data for Valaris in 2024:

• Revenue: $2.06 billion
• Net Income: $201.2 million
• Contract Backlog: $2.9 billion (as of December 31, 2024)
• Total Recordable Incident Rate (TRIR): 0.45
• Investment in Training and Development: $15 million (benefiting 2,500 employees)
• Investment in Research and Development: $20 million

These figures highlight Valaris's strong financial performance, commitment to safety, and investment in its people and technology.

To gain more insights into Valaris Limited and its investors, check out: Exploring Valaris Limited (VAL) Investor Profile: Who’s Buying and Why?

Valaris Limited (VAL) Core Values of

Valaris Limited's core values reflect its commitment to operating with integrity, prioritizing safety, and delivering value to its stakeholders. These values guide the company's actions and decision-making processes, shaping its culture and approach to business.

Based on their most recent filings, here's a look at some of Valaris' key values and how they translate into action:

Safety

Safety is paramount at Valaris. The company aims to ensure a safe and healthy working environment for all employees and contractors. Valaris focuses on preventing incidents and continuously improving its safety performance through comprehensive training programs, rigorous safety management systems, and a culture of proactive hazard identification and risk mitigation.

• Valaris has a strong commitment to safety, as evidenced by its safety performance metrics. For example, the company reported a Total Recordable Incident Rate (TRIR) of 0.47 in 2023, which is better than the IADC average.
• In 2024, Valaris received awards for its safety performance from several clients, including BP and Shell.

Integrity

Valaris emphasizes conducting business with the highest ethical standards. This includes honesty, transparency, and accountability in all interactions with stakeholders. The company's code of conduct outlines expectations for ethical behavior and provides guidance on how to address potential conflicts of interest. Valaris fosters a culture of compliance and encourages employees to report any concerns without fear of retaliation.

• Valaris has a comprehensive ethics and compliance program that includes training, policies, and procedures.
• In 2024, Valaris conducted an internal audit of its compliance program and found it to be effective.

Excellence

Valaris strives for excellence in all aspects of its operations. This includes delivering high-quality services, leveraging innovative technologies, and continuously improving efficiency. The company invests in its people and resources to enhance its capabilities and maintain a competitive edge in the market. Valaris encourages a culture of continuous learning and development to empower its employees to reach their full potential.

• Valaris has invested heavily in new technologies, such as automation and digitalization, to improve its operational efficiency.
• In 2024, Valaris launched a new training program for its employees on these new technologies.

Customer Focus

Valaris is dedicated to understanding and meeting the needs of its customers. The company works closely with clients to provide tailored solutions that deliver value and support their business objectives. Valaris emphasizes building long-term relationships based on trust, collaboration, and mutual success. The company actively seeks feedback from customers to continuously improve its services and responsiveness.

• Valaris has a customer satisfaction survey program to gather feedback from its clients.
• In 2024, Valaris' customer satisfaction score was 4.5 out of 5, which is an increase from the previous year.

To learn more about Valaris, check out: Exploring Valaris Limited (VAL) Investor Profile: Who’s Buying and Why?