Weatherford
Company Snapshot
Company Overview
Established in 1987 through the merger of Weatherford Oil Tool Co. and Energy Ventures Inc. (EVI), Weatherford Intl. has developed into one the largest global providers of advanced products and services for practically all operational stages of an oilfield, which include drilling, evaluation, completion, production and intervention. This diversified oil products and services company has operations in more than 100 countries worldwide and is supported through nearly 1,000 manufacturing, service and distribution offices. Weatherford Intl. earns large percentages of its revenues from oil production systems and drilling services.
Weatherford Intl. maintains a chemical manufacturing and engineering department with primary production facilities in Texas and Pennsylvania. The company supplies high-molecular-weight polymers to create plugs, alter reservoir sweep profiles and also increase the flow of crude oil through pipelines after its production.
Financial Highlights (FY 2023)
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Company's Business Segments
- Drilling and Evaluation : This segment includes Drilling Services, Managed Pressure Drilling, Wireline, Drilling Fluids.
- Well Construction and Completions : This segment includes Tubular Running Services, Cementation Products, Completions, Liner Hangers, Well Services.
- Production and Intervention : This segment includes Intervention Services and Drilling Tools, Artificial Lift, Digital Solutions, Sub-Sea Intervention, Pressure Pumping Services.
- All Other : This segment includes capital gains, Other Services.
Applications/End User Industries
- Oil and Gas
- Drilling
- Evaluation
- Completion
- Production
- Interventional
- Construction
- Well Services
