Weatherford International plc - Ordinary shares (WFRD)

Frequently Asked Questions About Weatherford International plc - Ordinary shares (WFRD)

How does Weatherford engage with the community?

Weatherford actively engages with the community through various corporate social responsibility initiatives, including educational programs, local partnerships, and environmental stewardship projects. The company strives to positively impact the communities it operates in while addressing social and environmental issues.

How does Weatherford ensure safety in its operations?

Weatherford prioritizes safety through a comprehensive safety management system that includes training programs, risk assessments, and incident reporting mechanisms. The company emphasizes the importance of safety culture, ensuring that all employees are equipped and motivated to follow safety protocols in all operational activities.

How does Weatherford handle environmental challenges?

Weatherford employs a proactive approach to managing environmental challenges by implementing strategies that minimize ecological impact. This includes using advanced technologies to monitor and control emissions, waste management practices, and engaging in community-driven environmental programs.

How has Weatherford performed financially?

Weatherford's financial performance has shown a trajectory of recovery following its restructuring efforts. The company has worked to stabilize its balance sheet and improve cash flow generation while maintaining competitiveness in a challenging oilfield services market.

Is Weatherford involved in renewable energy?

Yes, Weatherford is increasingly involved in renewable energy sectors, focusing on technologies and services that support the transition to renewable energy sources such as geothermal and hydrogen. The company aims to leverage its expertise to diversify its portfolio and adapt to changing energy demands.

What are Weatherford's core services?

Weatherford's core services include drilling services, completion solutions, wellbore integrity, production optimization, and intervention services. The company specializes in delivering technology-driven solutions to enhance efficiency and safety in various phases of oil and gas operations.

What are Weatherford's main markets?

Weatherford primarily serves the upstream oil and gas sector, including major oil companies, independent producers, and energy operators. The company's market presence spans conventional and unconventional reservoirs, deepwater operations, and renewable energy initiatives.

What are Weatherford's strategic priorities going forward?

Weatherford's strategic priorities involve focusing on operational excellence, expanding its technology portfolio, driving digital transformation, and enhancing customer relationships. The company aims to align itself with evolving industry trends and contribute to a sustainable energy future.

What challenges has Weatherford faced in recent years?

In recent years, Weatherford has faced challenges related to market volatility, fluctuating oil prices, and the impacts of global events such as the COVID-19 pandemic. These factors have necessitated strategic restructuring, cost management, and a renewed focus on innovation and operational efficiency.

What does Weatherford International plc do?

Weatherford International plc is a multinational oilfield service company providing a range of services related to the exploration, production, and management of oil and natural gas. Founded in the 1940s, the company offers solutions including drilling, evaluation, completion, production, and intervention services for the oil and gas industry. Weatherford focuses on enhancing operational efficiency and supporting the transition toward sustainable and innovative energy solutions.

What is Weatherford's approach to sustainability?

Weatherford is committed to sustainability and operates with a focus on minimizing its environmental impact. The company invests in innovative technologies and practices that promote responsible energy production, reduce greenhouse gas emissions, and improve energy efficiency across the lifecycle of oil and gas operations.

What is Weatherford's commitment to innovation?

Weatherford is committed to innovation, investing significantly in research and development to create cutting-edge technologies that advance oil and gas operations. The company collaborates with industry partners and academic institutions to foster technological advancements that meet and exceed market needs.

What is Weatherford's employee culture like?

Weatherford fosters an inclusive and collaborative employee culture that emphasizes safety, innovation, and continuous learning. The company values diversity and actively promotes professional development, ensuring that employees have the tools needed to succeed in their roles.

What key partnerships does Weatherford have?

Weatherford has established strategic partnerships with various technology providers, academic institutions, and industry stakeholders to foster innovation and improve service delivery. These collaborations aim to address challenges within the energy sector and drive advancements in oilfield services.

What recent innovations has Weatherford introduced?

Weatherford has introduced several innovations focused on digital transformation and automation. These include advanced data analytics platforms, artificial intelligence-driven tools, and novel completion technologies designed to enhance reservoir performance and optimize well production.

What regions does Weatherford serve?

Weatherford operates in multiple regions across the globe, including North America, Latin America, Europe, the Middle East, Africa, and Asia-Pacific. The company's global presence enables it to accommodate diverse client needs and local market dynamics effectively.

When did Weatherford International go public?

Weatherford International initially went public in 2000. The company has since undergone various changes, including a restructuring and rebranding effort, and its shares are currently traded on the Nasdaq under the ticker symbol WFRD.

Where is Weatherford International headquartered?

Weatherford International is headquartered in Houston, Texas, USA. This strategic location places it at the heart of the energy capital of the world, allowing it to effectively serve its clients in North America and globally by maximizing logistical efficiency and access to industry resources.

Who are Weatherford's main competitors?

Weatherford faces competition from other major oilfield service companies such as Schlumberger, Halliburton, Baker Hughes, and Nabors Industries. Competing effectively involves leveraging technology, enhancing service delivery, and maintaining strong relationships with clients across the industry.

What is the current price of Weatherford International plc - Ordinary shares?

The current price of Weatherford International plc - Ordinary shares is 38.30

When was Weatherford International plc - Ordinary shares last traded?

The last trade of Weatherford International plc - Ordinary shares was at 2:55 pm EDT on April 4th, 2025