Energy & PowerAug 10, 2026

Weatherford

Company Profile Analysis

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Year Founded & Workforce

1940-12-31

29,500 Employees

Industry

Energy & Power

Services

Weatherford Overview

Company Headquarters: Texas, US

Founded: 1941

Workforce: ~29,500

Company Working: Weatherford International is one of the largest multinational in oil field and service companies, which offers innovative solutions, technology and pioneer services to the oil and gas industry. The company operates through the following product and services segments: formation evaluation, drilling, completions, productions, abandonment, tubular running services, rigs, rig equipment and software. It offers a variety of drilling services including surface logging systems, closed-loop drilling, rental tools and services, drilling waste management, pressure control, liner system, cementing and drilling optimization. Weatherford’s product and services provides includes Artificial Lift Systems, Testing and Production Services, Completion Systems, Cementing Products, Surface Logging Systems, Intervention Services, and Reservoir Solutions.

Weatherford offers MPD of two types, namely semi-automated and automated. The company has a wide operational portfolio, which is segmented regionally as western and eastern hemisphere, across the globe. It is embracing automation, and digitalization, including technologies such as big data, Internet of Things, and machine learning to enhance the exploration and production process. It operates in over 90 countries and has facilities in over 860 locations, which include research and development, service, manufacturing, and training. The companies MPD product portfolio includes subsea and surface rotating control devices.

Strategy

The key strategy of Weatherford International is expansion while focusing on reduction in debt burden. The company operates in the key production areas of oil and gas, and skillfully markets its products in the region, to gain a larger share of the regional market. It focuses on strengthening its core competencies to sustain in the market. The company has heavily invested in its research and development team to develop new products and services that can drive its growth in the future. Continuous improvement in efficiency, and productivity is another key strategy for Weatherford. The company has constant focus on expanding the business boundaries.

Company Snapshot

$9,433M

Revenue

29,500

Employees

1940-12-31

Founded

Texas, US

Headquarters

SWOT Analysis

Strengths

High Commitment to technological Innovation
Strong Financial Position
Global Presence with a large number of Distributors
Strong distribution network
Good returns on capital expenditure
Designs optimized solutions
Strong product portfolio
Committed to technological innovation
Strong financial backup

Weaknesses

Dependence on raw material suppliers for components
Declining yearly revenue
Lack of initiatives to strengthen its raw material supply for the western hemisphere
Substantial debt burdens
Failure to maintain effective financial reporting system
Variations in global oil & gas prices

Opportunities

Growth in Emerging Economies
Strategic Mergers & Acquisitions in the Market
Growth opportunities in emerging economies in the eastern hemisphere
Growing demand for oil field equipment
Shale gas exploration
Opportunities in emerging countries
Expanding emerging economies

Threats

Highly Competitive Market
Global Political Instability
Development of green energy sources
Cybersecurity threats
Fluctuations in oil prices
Growth of renewable energy
Increasing environmental regulations

Key Developments

Date	Approach	Development
November 2018	Product Development	The company introduced its Vero automated connection integrity solution, which uses artificial intelligence to minimize safety risks and validate well integrity with absolute certainty. The solution employs two new proprietary features AutoMakeup technology, which precisely controls the makeup of tubular connections automatically, and AutoEvaluate software, which continually assesses torque against original equipment manufacturer specifications. With this initiation, the company diversified its portfolio.
October 2018	Product development	Weatherford announced the availability of its production software platforms on Google cloud platform. The collaboration with Google will allow operators to easily access and use the platforms to improve production.
February 2018	Product development	Weatherford announced the launch of its software ForeSite. The software combines physics-based models with data analytics techniques to improve performance across oil & gas assets.
October 2017	–	Weatherford launched the Pressure Pro control System The system includes a 5,000 psi SafeShield 5M RCD. The system can be used for MPD, UBD and foam drilling applications

Product Offering

Weatherford
- Pressure and Temperature Monitoring
- Thermal Monitoring
- Flow Monitoring
- Data Visualization Software

Financial Performance

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About the Author

Wantstats Research Team

Wantstats' research desk profiles Weatherford as part of our ongoing coverage of the Energy & Power sector, drawing on public company data, filings, and market intelligence.

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Rob Kooiker

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I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.

Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.

Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.

Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.

Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.

Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.

Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.

Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Weatherford

Company Headquarters: Texas, US Founded: 1941 Workforce: ~29,500 Company Working: Weatherford International is one of the largest multinational in oil field and service companies, which offers innovative solutions, technology and pioneer services to the oil and gas industry. The company operates through the following product and services segments: formation evaluation, drilling, completions, productions, abandonment, tubular running services, rigs, rig equipment and software. It offers a variety of drilling services including surface logging systems, closed-loop drilling, rental tools and services, drilling waste management, pressure control, liner system, cementing and drilling optimization. Weatherford’s product and services provides includes Artificial Lift Systems, Testing and Production Services, Completion Systems, Cementing Products, Surface Logging Systems, Intervention Services, and Reservoir Solutions. Weatherford offers MPD of two types, namely semi-automated and automated. The company has a wide operational portfolio, which is segmented regionally as western and eastern hemisphere, across the globe. It is embracing automation, and digitalization, including technologies such as big data, Internet of Things, and machine learning to enhance the exploration and production process. It operates in over 90 countries and has facilities in over 860 locations, which include research and development, service, manufacturing, and training. The companies MPD product portfolio includes subsea and surface rotating control devices.

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