Weatherford International

First quarter revenue of $1,358 million increased 15% year-over-year, led by international growth of 21% First quarter operating income of $233 million increased 26% year-over-year First quarter net income of $112 million, an 8.2% margin, increased 56% year-over-year First quarter adjusted EBITDA* of $336 million, a 24.7% margin and the highest in over 15 years, increased …

Revenues of $1,274 million increased 7% sequentially, driven by international revenue growth of 12% Operating income of $201 million increased 9% sequentially Net income of $82 million increased $10 million sequentially; net income margin of 6.4% Adjusted EBITDA* of $291 million increased 8% sequentially; adjusted EBITDA margin* of 22.8% Cash …

The international oilfield services company Weatherford plans to continue its activities in Russia, despite the decision to stop investments, follows from the reporting of a subsidiary of Weatherford LLC. “In March 2022, Weatherford International announced the termination of investments and the introduction of technologies in Russia. At the same time, …

Weatherford International plc today announced the Company’s issuer credit rating has recently been upgraded to ‘B’ from ‘B-‘ by S&P Global Ratings (“S&P”). S&P based the rating upgrade in part due to improvements in financial performance and liquidity driven by stronger operational performance, the recently announced $400 million credit facility …

Weatherford International plc announced a strategic partnership with Ardyne, a leader in specialized well-decommissioning technology. This agreement will enable Weatherford and Ardyne to deliver significant value to customers globally by offering the industry’s most comprehensive portfolio of Plug & Abandonment (P&A) and Slot Recovery solutions. The Company will invest in …

Third quarter revenues of $1,120 million, increased 5% sequentially, led by higher Drilling and Evaluation activity Net income was $28 million and operating income was $121 million Adjusted EBITDA[1] was $214 million, a 19.1% adjusted EBITDA margin with a 160 basis point sequential improvement Net cash provided by operating activities …

Weatherford International plc has appointed Charles “Chuck” Davison, Jr. as Executive Vice President of Operational Excellence, effective September 30, 2022. Mr. Davison brings 25 years of experience in growing and transforming international technology-focused businesses in oil and gas services, energy infrastructure, and industrial, consumer, and engineered products. Mr. Davison joins …

Weatherford International plc today announced that it was awarded two five-year contracts with Abu Dhabi National Oil Company with a combined value of more than USD 1 billion for downhole completions equipment and liner hanger systems. Girish Saligram, President and Chief Executive Officer, commented, “These drilling-related awards demonstrate our differentiated …

Weatherford International plc announced today its results for the third quarter of 2021. Third quarter 2021 revenues were $945 million, an increase of 5% sequentially and 17% year-on-year. Third quarter 2021 operating income was $71 million compared to operating income of $25 million in the second quarter of 2021 and an operating loss of $60 million in the third …

Weatherford International plc today announced that The Nasdaq Stock Market LLC has approved its application for the relisting of Weatherford’s ordinary shares on NASDAQ under the ticker symbol “WFRD”, effective with the opening of trading on Wednesday, June 2, 2021. Girish Saligram, President and Chief Executive Officer, commented, “We are …