Company Description
Weatherford International plc (NASDAQ: WFRD) is an energy services company that supports oil and gas operators with technologies, services, and digital solutions across the well lifecycle. The company describes its mission as delivering energy services that integrate proven technologies with advanced digitalization to create sustainable offerings focused on value and return on investment. Weatherford works with national, integrated, public, and private operators in the drilling oil and gas wells industry.
According to company disclosures, Weatherford conducts business in approximately 75 countries and operates through a global network of about 310 operating locations. Its workforce includes roughly 17,000 to 17,300 team members, representing more than 110 nationalities. This international footprint underpins its ability to support projects in offshore and onshore environments and across multiple upstream markets.
Business focus and service portfolio
Weatherford states that it delivers energy services that combine field-proven technologies with digital capabilities. The company emphasizes offerings that help operators optimize their resources and realize the full potential of their assets, with a focus on efficiency, flexibility, and responsibility in energy operations.
Performance is reported through three primary segments: Drilling and Evaluation (DRE), Well Construction and Completions (WCC), and Production and Intervention (PRI). These segments are referenced in Weatherford’s financial reporting and news releases and reflect how the company organizes its core activities across the life of the well.
- Drilling and Evaluation (DRE) – includes drilling services and wireline activity, as highlighted in segment discussions in the company’s quarterly results.
- Well Construction and Completions (WCC) – covers completions, cementation products, and related well services.
- Production and Intervention (PRI) – focuses on production-related services and intervention activities.
Digitalization and Industrial Intelligence
Weatherford places strong emphasis on digital transformation in energy operations. At its FWRD 2025 technology conference, the company announced Weatherford Industrial Intelligence, described as a digital portfolio that fuses physical operations with data foundations and cross-disciplinary execution. Weatherford Industrial Intelligence is designed to contextualize the physical world through physics-based and data-driven software, delivering insights for users ranging from engineers to executives. The company highlights goals such as greater reliability, improved efficiency, and elevated performance across the energy value chain.
Within this portfolio, Weatherford references several software and data platforms, including its unified data model (Synsera Unified Data Model) and tools such as Weatherford Canvas, Engineer’s Briefcase, Doppl Digital Twin, and the WFRD Software Launchpad. These offerings are described as supporting advanced data science for industrial operations, digital toolkits for field and surveillance engineers, digital twin capabilities, and a centralized industrial SaaS environment for Weatherford and partner applications.
Managed Pressure Drilling and Managed Pressure Wells
Weatherford identifies itself in news releases as a global leader in Managed Pressure Drilling (MPD) technologies and services, with more than five decades of MPD expertise. The company has also introduced the concept of Managed Pressure Wells (MPW), described as extending pressure management principles across the entire well lifecycle, from drilling to cementing, completions, and wireline operations.
In partnership with Maersk Training, Weatherford is developing International Association of Drilling Contractors (IADC)-accredited MPD training programs. These programs are intended to cover all levels of expertise from introductory to supervisory and are built around simulation-based learning using Weatherford’s MPD expertise and advanced simulation software alongside Maersk Training’s simulators and facilities.
Technology and product highlights
Weatherford’s news and operational updates describe a range of technologies deployed across its segments. Examples from recent disclosures include:
- MultiView tool – used in Kuwait to evaluate targeted barriers in a gas injection well, enabling faster evaluation compared to conventional methods.
- Magnus rotary steerable tools – used in extended-reach drilling, including a long extended-reach well in Bahrain.
- RFID OptiROSS remotely operated sliding sleeves – installed in Brazil to create secondary injection points in multi-zone open hole completions.
- Pressure Isolation Tool – deployed in Kuwait to leverage existing liner hanger inventory and manage challenging downhole conditions.
- Advanced Formation Testing and Sampling Service – deployed in Thailand with new fluid density and viscosity sensors to characterize reservoir fluids.
Weatherford also highlights technologies such as SENSE Fiber Optics, AMP all-electric completions, the Optimax downhole deployment isolation valve, Rotaflex PowerMag artificial lift systems, and the Magnus Saker Rotary Steerable System. These technologies are described as supporting real-time visibility in the wellbore, precise inflow control, improved pressure control, enhanced artificial lift performance, and improved directional drilling performance.
Digital wellsite monitoring and AI-enabled insights
Weatherford’s digital capabilities extend to real-time monitoring and AI-enabled analytics. In an eight-year contract with SNGN Romgaz S.A. in Romania, Weatherford is providing services for real-time monitoring and transmission of dynamic parameters from the wellheads of gas wells. The company explains that its well monitoring solutions acquire critical data from field locations using cloud infrastructure, providing operators with continuous, high-fidelity well data to support production decisions and proactive intervention strategies.
These digital and AI-enabled offerings are positioned by Weatherford as tools to support production optimization, smarter decision-making, and the development of more automated, data-driven fields.
Capital structure, credit facilities, and notes
Weatherford’s SEC filings describe several key aspects of its capital structure and financing arrangements. The company has an amended and restated credit agreement with an aggregate commitment of $1 billion, comprised of a $600 million revolver tranche and a $400 million performance letters of credit tranche, with an accordion feature that can increase aggregate commitments up to $1.15 billion, subject to conditions. The maturity date is tied to September 18, 2030, with provisions related to outstanding senior notes.
In October 2025, a Weatherford subsidiary issued $1.2 billion in aggregate principal amount of 6.75% Senior Notes due 2033 in a private offering. The notes are senior unsecured obligations of the issuer and are unconditionally guaranteed on an unsecured basis by Weatherford and certain restricted subsidiaries. The company has also undertaken tender offers and partial redemptions related to its 8.625% Senior Notes due 2030, as detailed in multiple Form 8-K filings.
Dividends and shareholder returns
Weatherford’s board has declared cash dividends of $0.25 per share on the company’s ordinary shares in connection with quarterly results, as disclosed in Form 8-K filings. The company also reports returning capital to shareholders through a combination of dividends and share repurchases, with specific amounts detailed in its quarterly earnings news releases.
Geographic reach and customer engagements
Weatherford’s operational highlights illustrate work across multiple regions and with a range of national and international operators. Recent contracts and projects mentioned in company news include:
- A multi-year contract with Petrobras for Tubular Running Services in deepwater Brazil.
- An eight-year contract with SNGN Romgaz S.A. for real-time monitoring services in onshore Romania.
- Contracts with operators such as Talos Energy, Crescent Petroleum, Shell, Petronas Indonesia, YPF S.A., Pertamina, Brunei Shell Petroleum, Kuwait Energy, bp, and Ecopetrol S.A. for services including Managed Pressure Drilling, tubular running, cementation products, drilling fluids, downhole valves, artificial lift equipment and services, and intervention tools.
These disclosures indicate that Weatherford’s services span offshore and onshore environments in regions including Latin America, the Middle East, North Africa, Asia, Europe/Sub-Sahara Africa/Russia, and North America.
Events, conferences, and industry engagement
Weatherford hosts the FWRD conference, described as the company’s flagship technology and digital conference. FWRD 2025 convened energy leaders, technology innovators, and technical experts to discuss digital transformation and technologies reshaping the life of the well. Topics included offshore performance, cybersecurity in oil and gas, and reservoir optimization through strategy, technology innovation, and data.
The company also regularly holds earnings conference calls to discuss quarterly and full-year results, with presentation slides and replays made available as described in its Form 8-K filings.
Stock information and regulatory status
Weatherford International plc is incorporated in Ireland and files reports with the U.S. Securities and Exchange Commission under Commission File Number 001-36504. The company’s ordinary shares trade on NASDAQ under the ticker symbol WFRD. Recent SEC filings include multiple Form 8-K reports covering quarterly results, credit agreement amendments, senior notes offerings, tender offers, and dividend declarations.
Frequently Asked Questions (FAQ)
What does Weatherford International plc do?
Weatherford International plc provides energy services that integrate proven technologies with advanced digitalization for oil and gas operators. The company focuses on maximizing value and return on investment by helping customers optimize resources and realize the full potential of their assets.
How is Weatherford’s business organized?
Weatherford reports performance through three segments: Drilling and Evaluation (DRE), Well Construction and Completions (WCC), and Production and Intervention (PRI). These segments reflect activities across drilling, well construction, completions, and production-related services.
In how many countries does Weatherford operate?
Weatherford states that it conducts business in approximately 75 countries and operates through about 310 operating locations worldwide.
What is Weatherford’s workforce profile?
The company reports having approximately 17,000 to 17,300 team members, representing more than 110 nationalities. This diverse workforce supports operations across its global footprint.
What is Weatherford Industrial Intelligence?
Weatherford Industrial Intelligence is a digital portfolio that contextualizes physical operations through physics-based and data-driven software. It is designed to provide actionable insights for users from engineers to executives, with the aim of improving reliability, efficiency, and performance across the energy value chain.
What are Managed Pressure Drilling and Managed Pressure Wells at Weatherford?
Managed Pressure Drilling (MPD) is a technology area where Weatherford has more than five decades of expertise. Managed Pressure Wells extend pressure management principles across the entire well lifecycle, from drilling to cementing, completions, and wireline operations, with the goal of delivering higher-quality wells with fewer operational surprises.
What type of digital wellsite monitoring does Weatherford provide?
Weatherford offers real-time wellsite monitoring solutions that acquire critical data from field locations using cloud infrastructure. These systems provide continuous, high-fidelity well data and AI-enabled insights to support production optimization and proactive intervention strategies.
How does Weatherford engage with investors?
Weatherford communicates with investors through quarterly earnings releases, conference calls, and SEC filings such as Form 8-K. The company also hosts events like the FWRD conference, where it showcases technologies and discusses its approach to digital transformation and energy services.
What stock exchange is Weatherford listed on, and what is its symbol?
Weatherford’s ordinary shares trade on NASDAQ under the ticker symbol WFRD.
Does Weatherford pay dividends?
Form 8-K filings indicate that Weatherford’s board has declared cash dividends of $0.25 per share on its ordinary shares in connection with quarterly results. The company notes that the declaration of any future dividends is subject to the board’s discretion.