Tuesday, July 14, 2026

Weatherford International to Pay $140 Million Civil Penalty to SEC

Oil-field-services company settles with SEC over tax-accounting practices From the Wall Street Journal Oil-field-services company Weatherford International PLC agreed to a $140 million civil penalty to settle Securities and Exchange Commission claims that the company used deceptive tax accounting to inflate earnings over a roughly five-year period. According to the SEC, settlements also were reached with two of Weatherford’s former tax executives: James