Is Weatherford still in business?

Is Weatherford still in business?

Weatherford, which had racked up $10 billion in debt, went more than four years without making a profit and declared Chapter 11 bankruptcy in July 2019.

Is Weatherford a US company?

Weatherford International plc, an American Irish public limited company, together with its subsidiaries, is a multinational oilfield service company and one of the largest companies in the world in oil services.

What does Weatherford International do?

Weatherford is the leading wellbore and production solutions company, providing integrated solutions across well stages and customer domains to the oil and gas industry. We integrate trusted technologies with innovative ideas to help finish wells earlier and produce more for longer.

How many employees does Weatherford International have?

approximately 17,000 team
Operating in approximately 75 countries, the Company answers the challenges of the energy industry with its global talent network of approximately 17,000 team members and approximately 350 operating locations, including manufacturing, research and development, service, and training facilities.

Who bought out Weatherford?

Schlumberger
HOUSTON (Reuters) – U.S. oilfield services company Weatherford International Plc WFT. N on Friday sold a U.S. oil-well business to rival Schlumberger NV for $430 million, abandoning a planned joint venture.

Did Weatherford get bought out?

That led to a buying spree as Weatherford gobbled dozens of smaller companies, with a cash deal here, a stock deal there and lots of borrowing to finance the acquisitions….How Weatherford went from fourth largest oilfield service company to Chapter 11.

Is Weatherford a good company to work for?

Weatherford International Company Rankings Weatherford International is ranked #85 on the Best Energy Companies to Work For in Texas list.

Who are Weatherford’s competitors?

Weatherford International competitors include Schlumberger, Halliburton, Oceaneering International and Baker Hughes.

How many locations does Weatherford have?

Weatherford International Corporate Headquarters and Office Locations. Weatherford International is headquartered in Houston, TX and has 6 offices located throughout the US.

What is happening with Weatherford?

Today, Weatherford is on the brink of bankruptcy and trading as a penny stock after getting delisted from the New York Stock Exchange. Its stock market value has sunk to just $367 million, a mere one-twentieth of its $7.6 billion debt.

Did Schlumberger buy Weatherford?

Schlumberger will take ownership of Weatherford’s US pressure pumping and pump-down perforating related facilities and supplier and customer contracts. Additionally, 100 Weatherford employees associated with the business will transfer to Schlumberger.

What happened to my Weatherford stock?

Weatherford was delisted from the New York Stock Exchange in May 2019, after Reuters reported that that the company has announced its decision to “file for Chapter 11 bankruptcy protection” in the same month. Weatherford’s shares have been traded on the OTC market with the ticker WFTLF since then.