Weatherford International PLC (NYSE:WFT) appointed a new CEO, Mark McCollum, only four months after the sudden departure of Bernard Duroc-Danner the previous CEO. The new CEO comes from a C-level executive in Halliburton Company (NYSE:HAL) Appointment roles McCollum was the Chief Finance Office in Halliburton. He is expected to report with immediate effect to his […]
NYSE:WFT
Weatherford International Plc (NYSE:WFT) 2Q2016 Revenue At $1.40 Billion
Weatherford International Plc (NYSE:WFT) reported that revenue for 2Q2016 came at $1.40 billion against the revenue of $1.59 billion in 1Q2016. Also, the second quarter revenue dropped 41% from the same quarter, a year earlier. The industry has hit a bottom on the pricing as well as activity fronts. Clients have begun to identify that […]
Weatherford International Plc (NYSE:WFT) Collaborates With International Business Machines Corp. (NYSE:IBM) On Production Optimization Solutions
Weatherford International Plc (NYSE:WFT) has announced that it signed an agreement that will allow it to team up with International Business Machines Corp. (NYSE:IBM) to create the next generation of production optimization solutions. The two firms will work together to develop new products and services that will be used by oil and gas producers to […]
