Last $12.88 USD
Change Today +0.20 / 1.58%
Volume 6.7M
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As of 8:04 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

weatherford international pl (WFT) Snapshot

Open
$12.65
Previous Close
$12.68
Day High
$13.12
Day Low
$12.62
52 Week High
07/24/14 - $24.88
52 Week Low
01/15/15 - $9.40
Market Cap
10.0B
Average Volume 10 Days
8.8M
EPS TTM
$0.62
Shares Outstanding
774.3M
EX-Date
--
P/E TM
20.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for WEATHERFORD INTERNATIONAL PL (WFT)

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weatherford international pl (WFT) Details

Weatherford International public limited company provides equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells worldwide. The company offers managed-pressure drilling services, including closed-loop, air, managed pressure, and underbalanced drilling; drilling services, such as directional drilling, logging while drilling, measurement while drilling, and rotary steerable systems; and tubular running services, which consist of tubular connection and installation services for the drilling, completion, and work over of oil or natural gas wells. It also provides drilling tools comprising drilling jars, under reamers, rotating control devices, down hole tools, drill pipe and related tools, tubular handling equipment, and other pressure-control equipment; drilling and project management services; wire line services; testing and production services; re-entry, fishing, and thru-tubing services; equipment for cementing operations; liner systems, such as liner hangers; integrated laboratory services; and surface logging systems. In addition, the company offers artificial lift systems that include reciprocating rod lift systems, progressing cavity pumps, gas lift systems, hydraulic lift systems, plunger lift systems, hybrid lift systems, and wellhead systems to produce oil or natural gas from the wells; stimulation, including pressure pumping services, coiled tubing services equipment, and reservoir stimulation hydraulic fracturing services; and completion tools, such as cased hole and flow control systems, and well, industrial, and sand screens, as well as completion services, including upper and lower completions, and reservoir monitoring. Weatherford International public limited company founded in 1972 and is headquartered in Zug, Switzerland.

56,000 Employees
Last Reported Date: 02/18/15
Founded in 1972

weatherford international pl (WFT) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.9M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $416.5K
Executive Vice President of Corporate Strateg...
Total Annual Compensation: $949.2K
Compensation as of Fiscal Year 2013.

weatherford international pl (WFT) Key Developments

Weatherford International Axe 9% of its Global Workforce

Weatherford International announced that it is axing 9% of its global workforce as the job cull across the oil and gas industry in response to low crude prices continues. The latest redundancies mean about 5,000 people among Weatherford's 56,000-strong head count will soon be out of work. But the group's largely Aberdeen-based eastern hemisphere operations, serving markets such as the North Sea, Middle East, east Asia, Australia and west Africa, will be spared the worst. The company announced more than 85% of its job cuts would be in its western hemisphere business covering the Americas - leaving fewer than 750 posts affected elsewhere.

Weatherford International Plans 8,000 Job Cuts

Weatherford International announced plans to cut up to 8,000 jobs.

Weatherford International plc Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Cash Flow Guidance for the Fiscal 2015

Weatherford International plc announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company announced total net revenues of $3,727 million compared to $3,738 million for the same period a year ago. Total operating income was $32 million compared to total operating loss of $50 million for the same period a year ago. Net loss before income taxes was $315 million compared to $194 million for the same period a year ago. Net loss was $463 million compared to $264 million for the same period a year ago. Net loss attributable to the company was $475 million compared to $271 million for the same period a year ago. Loss per share attributable to the company, basic and diluted was $0.61 compared to $0.35 for the same period a year ago. Non-GAAP operating income was $437 million compared to $254 million for the same period a year ago. Non-GAAP income before income taxes was $335 million compared to $110 million for the same period a year ago. Non-GAAP net income was $252 million compared to $53 million for the same period a year ago. Non-GAAP diluted earnings per share were $0.32 compared to $0.07 for the same period a year ago. Net cash provided by operating activities was $585 million compared to $662 million for the same period a year ago. Capital expenditures for property, plant and equipment was $405 million compared to $364 million for the same period a year ago. Free cash flow generated was $180 million compared to $298 million for the same period a year ago. For the full year, the company announced total net revenues of $14,911 million compared to $15,263 million for the same period a year ago. Total operating income was $505 million compared to $523 million for the same period a year ago. Net loss before income taxes was $255 million compared to $170 million for the same period a year ago. Net loss was $539 million compared to $314 million for the same period a year ago. Net loss attributable to the company was $584 million compared to $345 million for the same period a year ago. Loss per share attributable to the company, basic and diluted was $0.75 compared to $0.45 for the same period a year ago. Non-GAAP operating income was $1,603 million compared to $1,249 million for the same period a year ago. Non-GAAP income before income taxes was $1,088 million compared to $656 million for the same period a year ago. Non-GAAP net income was $785 million compared to $463 million for the same period a year ago. Non-GAAP diluted earnings per share were $1.00 compared to $0.60 for the same period a year ago. Net debt at December 31, 2014 was $7,051 million. Net cash provided by operating activities was $964 million compared to $1,229 million for the same period a year ago. Capital expenditures for property, plant and equipment was $1,450 million compared to $1,575 million for the same period a year ago. Free cash flow used was $486 million compared to $346 million for the same period a year ago. The company provided cash flow guidance for the fiscal 2015. During the upcoming year, the company focus will be to generate positive free cash flow from operations, despite challenging industry conditions. The company expects its cost actions, a reduction in capital expenditures by $550 million to $900 million in 2015 and a positive contribution from working capital balances to more than offset any reduction in earnings.

 

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