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, TX, US
Websiteweatherford.com
Employee Ratings3.4
Overall CultureF

Latest Updates

Employees (est.) (Dec 2019)24,000(-9%)
Job Openings261
Revenue (FY, 2020)$3.7 B(-25%)
Share Price (Jun 2021)$12.4
Cybersecurity ratingDMore

Key People/Management at Weatherford

Girish K. Saligram

Girish K. Saligram

President and Chief Executive 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
Desmond Mills

Desmond Mills

Chief Accounting Officer
Joseph Mongrain

Joseph Mongrain

Chief Human Resources 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 60 other locations
Houston, TX, US (HQ)
2000 Saint James Place
Broussard, LA, US
1221 Evangeline Thruway
Houston, TX, US
11349 FM 529 Road
San Antonio, TX, US
19685 IH 37 South
Luanda, AO
Rua do Coelho
Buenos Aires, AR
574 Bouchard
Show all (69)

Weatherford Financials and Metrics

Weatherford Revenue

Weatherford's revenue was reported to be $3.69 b in FY, 2020
USD

Revenue (FY, 2020)

3.7b

Net income (FY, 2020)

(1.9b)

EBIT (FY, 2020)

(1.5b)

Market capitalization (4-Jun-2021)

869.5m

Closing stock price (4-Jun-2021)

12.4

Cash (31-Dec-2020)

1.1b

EV

2.6b
Weatherford's current market capitalization is $869.5 m.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

9.4b5.7b5.7b5.7b5.0b3.7b

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, 2020Q3, 2020

Revenue

1.6b1.4b1.4b1.4b1.4b1.5b1.4b1.4b1.4b1.3b1.3b1.3b1.2b309.0m322.0m

Cost of goods sold

1.5b1.2b1.2b1.2b1.2b1.2b1.1b1.1b1.1b253.0m290.0m

Gross profit

111.0m164.0m126.0m180.0m171.0m265.0m278.0m305.0m339.0m56.0m32.0m

Gross profit Margin, %

7%12%9%13%13%18%20%21%23%18%10%
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

467.0m1.0b613.0m602.0m618.0m1.1b

Accounts Receivable

1.8b1.4b1.1b1.1b1.2b826.0m

Prepaid Expenses

343.0m263.0m237.0m428.0m

Inventories

2.3b1.8b1.2b1.0b972.0m717.0m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2015Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

464.0m452.0m440.0m546.0m584.0m445.0m459.0m415.0m393.0m598.0m618.0m676.0m670.0m680.0m1.1b

Accounts Receivable

1.7b1.5b1.4b1.3b1.2b1.2b1.1b1.2b1.2b1.2b1.2b927.0m835.0m

Prepaid Expenses

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

Inventories

2.3b2.2b1.9b1.7b1.7b1.8b1.2b1.1b1.1b1.1b1.1b1.1b1.0b862.0m811.0m
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(2.0b)(3.4b)(2.8b)(2.8b)(1.9b)

Depreciation and Amortization

1.2b956.0m801.0m556.0m61.0m503.0m

Inventories

349.0m260.0m(37.0m)86.0m64.0m

Accounts Payable

(813.0m)(21.0m)(2.0m)(90.0m)(250.0m)
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 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)(1.7b)

Depreciation and Amortization

250.0m499.0m741.0m208.0m412.0m611.0m147.0m291.0m419.0m123.0m239.0m357.0m157.0m270.0m387.0m

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)(4.0m)

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)(248.0m)
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 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 Cybersecurity Score

Cybersecurity ratingPremium dataset

D

68/100

SecurityScorecard logo

Weatherford Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Weatherford Online and Social Media Presence

Embed Graph

Weatherford Company Culture

  • Overall Culture

    F

    51/100

  • CEO Rating

    D+

    61/100

  • Compensation

    D+

    55/100

  • Diversity

    F

    43/100

Learn more on Comparably

Weatherford News and Updates

Weatherford Files Form 10 Registration Statement; Provides Update on the Relisting of its Ordinary Shares

HOUSTON, March 29, 2021 /PRNewswire/ -- Weatherford International plc (OTC Pink: WFTLF) ("Weatherford" or the "Company") today announced that it has publicly filed a Form 10 Registration Statement ("Form 10") with the United States Securities and Exchange Commission ("SEC") to register...

New #OwnVoices Picture Book UNSPEAKABLE from Carole Boston Weatherford and Floyd Cooper Reveals the Forgotten History of the Tulsa Race Massacre

Minneapolis, Minnesota, Dec. 08, 2020 (GLOBE NEWSWIRE) -- Celebrated author Carole Boston Weatherford and award-winning illustrator Floyd Cooper shed light on the untold story of Black Wall Street in Unspeakable: The Tulsa Race Massacre, coming this spring from Carolrhoda Books®, an imprint of Ler…

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:...
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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, H. Keith Jennings and Scott C. Weatherholt.

  • How many employees does Weatherford have?

    Weatherford has 24,000 employees.

  • What is Weatherford revenue?

    Latest Weatherford annual revenue is $3.7 b.

  • What is Weatherford revenue per employee?

    Latest Weatherford revenue per employee is $153.5 k.

  • Who are Weatherford competitors?

    Competitors of Weatherford include Forum Energy Technologies, Borets and Oceaneering.

  • 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 60 other locations.

  • How many offices does Weatherford have?

    Weatherford has 69 offices.