The global impacts surrounding the COVID-19 pandemic, including operational and manufacturing disruptions, logistical constraints and travel restrictions, are rapidly evolving and increasingly dynamic. 2019; 13 Dec 2019. Oil-field service company Weatherford International is back in the red just a few months after emerging from bankruptcy.Weatherford lost $966 million in the first three months of 2020, doubling the $481 million it lost in the first quarter of 2019.Revenue declined by 10 percent to $1.2 billion compared with $1.3 billion in the same quarter a year earlier.While revenue remained steady, the company's loss mounted as it reduced the value of assets by $807 million in the midst of the historic oil crash.Headquartered in Switzerland with principal offices in Houston, Weatherford filed for bankruptcy in July 2019 and emerged as a reorganized company in December.After nearly six years of struggling to adapt to persistently low oil prices, Weatherford's $5.3 billion profit during the fourth quarter of 2019 was the company's first since the third quarter of 2014.The company started the second quarter with more than $905 million of cash and credit.Sergio Chapa covers the oil & gas industry for the Houston Chronicle and writes for Texas Inc., a weekly Monday insert dedicated to covering the most powerful business leaders in Texas. Weatherford Production Optimization Software Boosts Revenue by $156M, Increases … Weatherford Lights Up Lantern Awards. Weatherford Completes Sale of Surface Data Logging Business. "The Company's results for the fourth quarter and the full year were impacted by the challenges our industry faced in 2019. Search. On a GAAP basis, total revenues and net loss in the Successor period from International combined revenues declined 4% year-on-year (6% growth excluding divestitures)Sequential declines in combined revenues of 5% internationally and 7% in "Notably, we significantly reduced our debt levels and increased our liquidity position so that we are better positioned to execute against our strategic objectives going forward.
View PDF ; 2019; 21 Nov 2019. We are embedding a returns-focused mindset into our organization and this, alongside continued cost-reduction efforts and the non-recurrence of costs associated with our financial restructuring, will assist in achieving our profit and cash flow objectives. (PRNewsFoto/WEATHERFORD INTERNATIONAL)Weatherford Appoints New Executive Vice President, Chief Financial OfficerSearing George Conway Column Shows Trump's Supporters What They Really Believe InPro-abortion-rights group is all in for Biden but warns about 'gender stereotypes' in VP coverageRiding Online Wave, Zalando Raises Guidance After Strong Q2Neck gaiters may actually increase COVID-19 transmission, study findsCoronavirus stimulus: Millions of Americans face potential eviction as protections expire and talks stallSTOR14S: Lonnie Chavis reads 'Dragons Like Shiny Things' for new podcastPresident Trump’s news conference interrupted by ‘shooting’ outside White HousePHOTOS: John Lewis – congressman and civil rights activist – a life of extraordinary serviceMan raising money to pay mom's rent left speechless by stranger outside Target: 'Excuse me? View PDF ; 2019; 14 Nov 2019. HOUSTON, March 16, 2020 /PRNewswire/ -- Weatherford International plc announced today its results for the fourth quarter and full year 2019. Sergio was born and raised in the Lone Star State and studied journalism at the University of Texas at Austin. Latest News - Weatherford Remotely Installs Liner ... Find out more; Latest News - Coping and Coding through COVID-19 Oil ... Find out more ; Latest News - 07/24/2020 Digitization and management ... Find out more; Visit our Newsroom; Visit Investor News; CASE-HISTORY HIGHLIGHTS REAL RESULTS AROUND THE WORLD Find out more. Contact Us. View PDF ; 2019; 30 Apr 2019.
Weatherford Completes Sale of Laboratory Services Business. Weatherford Releases ForeSite® Edge, Delivers Production 4.0 Intelligence and Autonomous Well Management . Search. We were already taking a number of actions which were yielding improvements in our cost structure as we entered the year.
View PDF ; 2019; 30 Apr 2019. Such statements are based upon the current beliefs of Weatherford logo. He previously worked at the San Antonio Business Journal, KGBT-TV in the Rio Grande Valley and Al Día in Dallas.Weatherford back in the red months after emerging from bankruptcy
The improvement in business mix during the second half of the year was concentrated in the Eastern Hemisphere, and was driven by capital sales in "Recent developments have created significant uncertainty on the industry's trajectory for 2020. We are intently focused on continuing to improve our business and we believe meaningful opportunities remain longer term. Latest News - Weatherford Remotely Installs Liner ... Find out more; Latest News - Coping and Coding through COVID-19 Oil ... Find out more; Latest News - 07/24/2020 Digitization and management ... Find out more; Visit our Newsroom; Visit Investor News; CASE-HISTORY HIGHLIGHTS REAL RESULTS AROUND THE WORLD Find out more. Despite the successes achieved thus far in our operational improvement efforts, we are not satisfied with the current results. Oil field service company Weatherford Interntaional is back in the red just a few months after emerging from bankruptcy.
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Show social media Show … 08/10/2020 | 08:03am EDT *: *: * Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 'Ed Markey Slams Ted Cruz's Comments In Senator Spat Over Coronavirus ReliefIndian immigrant who drowned saving two children in US river had ‘big dreams’ of starting own businessSTOR14S: Zoe Saldana reads 'The Runaways' for new podcastSpearmint Acquires the 'Goose' Gold Project Directly Bordering the New Found Gold Discovery in NewfoundlandTrump Schooled Online After Claiming '1917' Flu Pandemic 'Probably Ended' WWIIPeople are just realizing that both of Rita Ora's parents are white, and now she's being accused of 'blackfishing' Weatherford Successfully Completes Financial Restructuring .
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