Weatherford Archives - Page 2 of 2

Heard on the Call: Weatherford Targeting $1 Billion in Yearly EBITDA

October 29, 2018

Weatherford (ticker: WFT) reported third quarter results today, showing a net loss of $199 million, or ($0.20) per share. $1.44 billion in revenue, down from $1.45 billion in Q2 Net cash from operations of ($32 million) EBITDA of $195 million, up 56% year-over-year Increased segment operating income by 68% sequentially and by $123 million on a year-over-year basis. Reached an agreement with

Well Completions JV with Weatherford and Schlumberger Checks Off DOJ Clearance

November 30, 2017

Weatherford International plc (ticker: WFT) said that the U.S. Department of Justice has cleared the proposed OneStimSM joint venture between two oilfield service giants—Weatherford and Schlumberger Ltd. (ticker: SLB)—granting early termination of the waiting period required by the Hart-Scott-Rodino Antitrust Improvements Act of 1976. This paves the way for a Q4 2017 closing, which Weatherford had projected in October. Schlumberger

Weatherford International (WFT) Targets $1 Billion Cost Savings in 18-24 Months

November 2, 2017

How? Treat the $1 billion as a thousand $1 million decisions – McCollum Swiss-based oilfield service giant Weatherford International plc (ticker: WFT) reported a net loss of $256 million, or ($0.26) per share on revenues of $1.46 billion for the third quarter of 2017. Weatherford reported segment operating income of $34 million. Weatherford President and CEO Mark A. McCollum said, “Our highest priority is free

Weatherford

Heard on the Call: Weatherford Targeting $1 Billion in Yearly EBITDA

Well Completions JV with Weatherford and Schlumberger Checks Off DOJ Clearance

Weatherford International (WFT) Targets $1 Billion Cost Savings in 18-24 Months

Premium Content