OverviewSuggest Edit

Weatherford International is a company providing equipment and services to the oil and natural gas industry. Its two primary product lines are Production and Completions as well as Drilling, Evaluation, and Intervention. The Production and Completions product line offers production optimization services and a production ecosystem, featuring an artificial-lift portfolio, testing and flow-measurement solutions, and optimization software. In addition, the company delivers a suite of completion products, reservoir stimulation designs, and engineering capabilities that isolate zones and unlock reserves in deepwater, unconventional, and aging reservoirs. The Drilling, Evaluation, and Intervention product line comprises a suite of services ranging from early well planning to reservoir management.

TypePublic
Founded1941
HQHouston, US
Websiteweatherford.com
Employee Ratings3.2

Latest Updates

Employees (est.) (Dec 2019)24,000(-9%)
Job Openings65
Revenue (FY, 2019)$5 B(-13%)
Share Price (Feb 2020)$23.5 (-6%)
Cybersecurity ratingCMore

Key People/Management at Weatherford

Girish K. Saligram

Girish K. Saligram

President and Chief Executive Officer
Karl Blanchard

Karl Blanchard

Executive Vice President and Chief Operating Officer
H. Keith Jennings

H. Keith Jennings

Executive Vice President and Chief Financial Officer
Scott C. Weatherholt

Scott C. Weatherholt

Executive Vice President, General Counsel and Chief Compliance Officer
Ellen Chin

Ellen Chin

Senior Vice President & Chief Human Resource Officer
Steven F. Carvalho

Steven F. Carvalho

Vice President of Tax
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Weatherford Office Locations

Weatherford has offices in Houston, Broussard, San Antonio, Luanda and in 63 other locations
Houston, US (HQ)
2000 Saint James Place
Broussard, US
1221 Evangeline Thruway
Houston, US
11909 FM 529 Road
San Antonio, US
19685 IH 37 South
Luanda, AO
Rua do Coelho
Buenos Aires, AR
574 Bouchard
Show all (72)

Weatherford Financials and Metrics

Weatherford Revenue

Weatherford's revenue was reported to be $4.95 b in FY, 2019
USD

Revenue (Q2, 2020)

309.0m

Gross profit (Q2, 2020)

56.0m

Gross profit margin (Q2, 2020), %

18.1%

Market capitalization (13-Dec-2019)

19.1m

Closing stock price (13-Dec-2019)

0.0

Cash (30-Jun-2020)

680.0m

EV

1.8b
Weatherford's current market capitalization is $19.1 m.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

9.4b5.7b5.7b5.7b5.0b

Revenue growth, %

(37%)(39%)(1%)1%

Cost of goods sold

8.0b5.2b4.9b4.5b

Gross profit

1.4b560.0m810.0m1.2b
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

1.6b1.4b1.4b1.4b1.4b1.5b1.4b1.4b1.4b1.3b1.3b1.3b1.2b309.0m

Cost of goods sold

1.5b1.2b1.2b1.2b1.2b1.2b1.1b1.1b1.1b253.0m

Gross profit

111.0m164.0m126.0m180.0m171.0m265.0m278.0m305.0m339.0m56.0m

Gross profit Margin, %

7%12%9%13%13%18%20%21%23%18%
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

467.0m1.0b613.0m602.0m618.0m

Accounts Receivable

1.8b1.4b1.1b1.1b1.2b

Prepaid Expenses

343.0m263.0m237.0m428.0m

Inventories

2.3b1.8b1.2b1.0b972.0m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2015Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

464.0m452.0m440.0m546.0m584.0m445.0m459.0m415.0m393.0m598.0m618.0m676.0m670.0m680.0m

Accounts Receivable

1.7b1.5b1.4b1.3b1.2b1.2b1.1b1.2b1.2b1.2b1.2b927.0m

Prepaid Expenses

308.0m302.0m295.0m247.0m233.0m266.0m127.0m137.0m133.0m434.0m

Inventories

2.3b2.2b1.9b1.7b1.7b1.8b1.2b1.1b1.1b1.1b1.1b1.1b1.0b862.0m
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(2.0b)(3.4b)(2.8b)(2.8b)

Depreciation and Amortization

1.2b956.0m801.0m556.0m61.0m

Inventories

349.0m260.0m(37.0m)86.0m

Accounts Payable

(813.0m)(21.0m)(2.0m)(90.0m)
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

(491.0m)(1.1b)(2.8b)(443.0m)(608.0m)(859.0m)(242.0m)(501.0m)(695.0m)(477.0m)(789.0m)(1.6b)(958.0m)(1.5b)

Depreciation and Amortization

250.0m499.0m741.0m208.0m412.0m611.0m147.0m291.0m419.0m123.0m239.0m357.0m157.0m270.0m

Inventories

46.0m122.0m208.0m(47.0m)(94.0m)(13.0m)(7.0m)33.0m(40.0m)(87.0m)(152.0m)(48.0m)(33.0m)

Accounts Payable

(15.0m)(167.0m)(203.0m)803.0m(16.0m)(44.0m)(55.0m)(81.0m)(90.0m)11.0m(3.0m)(105.0m)(32.0m)(197.0m)
USDFY, 2015

Revenue/Employee

238.8k

Debt/Equity

1.7 x

Debt/Assets

0.5 x

Financial Leverage

3.4 x
Show all financial metrics

Weatherford Operating Metrics

Q3, 2018Nov, 2018

Countries

90

Manufacturing Facilities

712

Manufacturing Facilities (Arabian Sea)

75

Manufacturing Facilities (Argentina, Bolivia, Chile)

47
Show all operating metrics

Weatherford Acquisitions / Subsidiaries

Company NameDateDeal Size
Elite Energy ProductsAugust 11, 2015
AquaticDecember 05, 2012
Petrowell LtdJune 25, 2012
CygNet Software IncMay 09, 2011
Secure Drilling, L.P.July 21, 2009
Intermational Logging LLCAugust 18, 2008
NGKS International CorpAugust 01, 2007
ResLabJune 28, 2007
OMNI Laboratories, Inc.October 04, 2006
Valkyrie Commissioning Services, Inc.January 11, 2006
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Weatherford Cybersecurity Score

Cybersecurity ratingPremium dataset

C

73/100

SecurityScorecard logo

Weatherford Revenue Breakdown

Embed Graph

Weatherford revenue breakdown by business segment: 48.5% from Eastern Hemisphere and 51.5% from Western Hemisphere

Weatherford revenue breakdown by geographic segment: 27.3% from United States, 15.6% from Latin America, 17.5% from Europe/ Sub-Sahara Africa/Russia , 5.2% from Asia, 8.6% from Canada and 25.7% from Middle East & North Africa

Weatherford Online and Social Media Presence

Embed Graph

Weatherford News and Updates

Weatherford Appoints New Executive Vice President, General Counsel and Chief Compliance Officer

HOUSTON, July 23, 2020 /PRNewswire/ -- Weatherford International plc (OTC Pink: WFTLF) announced today it has appointed Scott C. Weatherholt as Executive Vice President, General Counsel and Chief Compliance Officer. Mr. Weatherholt joins Weatherford with more than 16 years of general...

Weatherford Successfully Completes Financial Restructuring

HOUSTON, Dec. 13, 2019 /PRNewswire/ -- Weatherford International plc today announced that it has completed its financial restructuring and emerged from chapter 11 protection. The Company emerges with a stronger financial foundation having reduced approximately $6.2 billion of outstanding...

PlainsCapital Bank Celebrates Weatherford College Turning 150, Establishes Permanently Endowed Scholarship

WEATHERFORD, TX (Oct. 15, 2019) – In celebration of Weatherford College’s 150th anniversary, the PlainsCapital Bank Weatherford branch recently established a new scholarship with the Weatherford College Foundation to provide financial aid for deserving students with the greatest need.read more

Weatherford Introduces World-First Flow-Measurement Solution Driven by Production 4.0 Intelligence at ADIPEC 2019

HOUSTON, Nov. 11, 2019 /PRNewswire/ -- Weatherford International plc (OTC-PINK:WFTIQ) introduced ForeSite® Flow today at ADIPEC 2019. It is the first-ever flow-measurement solution driven by Production 4.0 intelligence. Experience the interactive Multichannel News Release here:...

Weatherford To Host U.S. Oil and Gas Industry's Only Production 4.0 Forum

HOUSTON, Oct. 7, 2019 /PRNewswire/ -- Weatherford International plc (OTC-PINK: WFTIQ) will present the U.S. oil and gas industry's only Production 4.0 forum during its Enterprise Software Conference (WESC) from October 7 to 8 at the Westin Houston at Memorial City. Energy visionaries from...

Weatherford Announces Confirmation Of Plan Of Reorganization

BAAR, Switzerland, Sept. 13, 2019 /PRNewswire/ -- Weatherford International plc (OTC – PINK: WFTIQ), Weatherford International Ltd., and Weatherford International, LLC (collectively, "Weatherford" or the "Company") announced today that the United States Bankruptcy Court for the Southern...
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Weatherford Frequently Asked Questions

  • When was Weatherford founded?

    Weatherford was founded in 1941.

  • Who are Weatherford key executives?

    Weatherford's key executives are Girish K. Saligram, Karl Blanchard and H. Keith Jennings.

  • How many employees does Weatherford have?

    Weatherford has 24,000 employees.

  • What is Weatherford revenue?

    Latest Weatherford annual revenue is $5 b.

  • What is Weatherford revenue per employee?

    Latest Weatherford revenue per employee is $206.4 k.

  • Who are Weatherford competitors?

    Competitors of Weatherford include Oceaneering, Baker Hughes and Halliburton.

  • Where is Weatherford headquarters?

    Weatherford headquarters is located at 2000 Saint James Place, Houston.

  • Where are Weatherford offices?

    Weatherford has offices in Houston, Broussard, San Antonio, Luanda and in 63 other locations.

  • How many offices does Weatherford have?

    Weatherford has 72 offices.