Weatherford

Weatherford International plc is an Irish-domiciled multinational energy services company headquartered in Houston, Texas, United States. Founded in 1976, it provides equipment and services for oil and gas drilling, completion, production, and intervention. The company's primary segments lude Drilling and Evaluation (DRE), Well Construction and Completions (WCC), and Production and Intervention (PRI). DRE offers drilling optimization tools and services; WCC provides casing, cementing, and well completion solutions; and PRI focuses on artificial lift, flowback, and intervention technologies. Weatherford operates in over 75 countries across North America, Latin America, Europe/Sub-Saharan Africa/Russia, Middle East/North Africa, and Asia-Pacific, with manufacturing and service centers supporting global energy projects. Its operations involve partnerships with suppliers for tubulars, chemicals, and digital software, emphasizing compliance with API standards, ISO 14001 for environmental management, and cybersecurity protocols for digital drilling platforms. The firm invests in sustainable technologies like low-emission drilling and carbon capture integration. In fiscal year 2024, ending December 31, Weatherford reported consolidated revenues of $5.51 billion, a 7% rease from 2023, driven by growth in DRE and WCC segments amid resilient oilfield demand.