Weatherford International Plc

Weatherford International Plc

Weatherford International Plc

Overview
Date Founded

2014

Headquarters

2000 St. James Place,Houston, TX 77056

Type of Company

Public

Employees (Worldwide)

17.2K

Industries

Oil & Gas
Power & Utilities

Company Description

Weatherford International Plc provides equipment and services to the oil and natural gas exploration and production industry. It operates through two segments: Western Hemisphere and Eastern Hemisphere. The firm's products and services are Drilling and Evaluation, Production, Completions, and Well Construction. The company was founded in 1941 and is headquartered in Houston, TX.

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Executives & Employees

President, Chief Executive Officer & Director

Executive Vice President, Chief Financial & Accounting Officer

Chief Compliance Officer, Executive Vice President & General Counsel

Interim General Counsel & Corporate Secretary

Chief Accounting Officer & Vice President

Chief Human Resources Officer

General Manager

Senior Director, Investor Relations

Director, Global Media Engagement

Director of IT Security

Board of Directors

Former Chief Financial Officer & Senior Vice President at Cameron International Corp.

Owner at B. Duster & Company LLC

Former Head-Upstream Technology at BP Plc

President, Chief Executive Officer & Director at Weatherford International Plc

Managing Member at SAGE Capital Investments LLC

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Owners & Shareholders
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BlueMountain Capital Management follows a comprehensive, multi-strategy approach to investing. The firm specializes in investments in credit derivatives (including credit default swaps), corporate and convertible bonds, loans (including corporate loans), CDOs and other ABS and asset-based financing arrangements. Credit derivatives may relate to individual reference entities or to baskets or portfolios of reference entities (including levered or de-levered tranches of such portfolios or baskets). The firm's advisory services also include advice regarding investments in equities or equity derivatives, including in connection with their trading strategies and using interest rate derivatives (including futures, swaps and swaptions) and government securities to hedge interest rate risk and to spot and forward foreign currency contracts to hedge currency exposures.

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BlueMountain Capital Management follows a comprehensive, multi-strategy approach to investing. The firm specializes in investments in credit derivatives (including credit default swaps), corporate and convertible bonds, loans (including corporate loans), CDOs and other ABS and asset-based financing arrangements. Credit derivatives may relate to individual reference entities or to baskets or portfolios of reference entities (including levered or de-levered tranches of such portfolios or baskets). The firm's advisory services also include advice regarding investments in equities or equity derivatives, including in connection with their trading strategies and using interest rate derivatives (including futures, swaps and swaptions) and government securities to hedge interest rate risk and to spot and forward foreign currency contracts to hedge currency exposures.

Recent Transactions
Details Hidden

Excellence Logging Service SAS purchases Weatherford International Plc /Surface Data Logging Business from Weatherford International Plc

Details Hidden

Schlumberger Technology Corp. - Texas, Schlumberger Ltd. purchase WEATHERFORD US HOLDINGS LLC /US Pressure Pumping Bus from Weatherford International Plc

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Weatherford International Plc issued USD Ordinary Shares

Transaction Advisors
Investment Advisor

Advised onADES International Holding Plc purchases from Weatherford International Plc

Legal Advisor

Advised onRosneft Oil Co. purchases Weatherford International Plc /Drilling & Workover Ops from Weatherford International Plc

Underwriter

Advised onWeatherford International Plc issued USD Ordinary Shares

Associate

Advised onBerkshire Hathaway, Inc., The Lubrizol Corporation purchase Weatherford International Plc /Oilfield Chemicals Bus from Weatherford International Plc

Legal Advisor

Advised onRosneft Oil Co. purchases Weatherford International Plc /Drilling & Workover Ops from Weatherford International Plc

Attorney

Advised onBerkshire Hathaway, Inc., The Lubrizol Corporation purchase Weatherford International Plc /Oilfield Chemicals Bus from Weatherford International Plc

Clients

Saudi Arabian Oil Co. engages in the production, transportation, and sale of energy and chemicals. It operates through the following segments: Upstream, Downstream, and Corporate. The Upstream segment consists of exploring for, developing and producing crude oil, condensate, natural gas, and natural gas liquids. The Downstream segment includes refining and petrochemical manufacturing, supply and trading, distribution, and power generation. The Corporate segment refers to technical services, human resources, finance, legal, corporate affairs, and information technology. The company was founded on May 29, 1933 and is headquartered in Dhahran, Saudi Arabia.

Equinor ASA engages in the exploration, production, transport, refining, and marketing of petroleum and petroleum-derived products. It operates through the following segments: Exploration and Production Norway, Exploration and Production International, Exploration and Production USA, Marketing, Midstream, and Processing, and Other. The Exploration and Production Norway segment includes the commercial development of oil and gas portfolios on the Norwegian continental shelf. The Exploration and Production International segment covers offshore and onshore activities in the USA, Mexico, and other operations worldwide. The Exploration and Production USA segment covers both onshore and offshore exploration, development, and Production of oil and gas in USA. The Marketing, Midstream, and Processing segment markets and trades of oil and gas commodities. The Other segment includes new energy solutions; global strategy and business development; technology; projects and drilling; and corporate staffs and services. The company was founded on September 18, 1972 and is headquartered in Stavanger, Norway.

Repsol SA is engaged in the exploration and production of crude oil, natural gas, and refined petroleum. It operates through the following business segments: Upstream, Downstream, and Corporation & Others. The Upstream segment engages in exploration and development of crude oil and natural gas reserves. The Downstream segment is involved in refining, trading and transportation of crude oil and oil products, as well as the commercialization of oil products, petrochemical products and liquefied petroleum gases; the commercialization, transport and regasification of natural gas and liquefied natural gas; and renewable energy power projects. The Corporation & Others segment includes expenses of corporate centers in Madrid and Calgary. Repsol was founded on October 17, 1927 and is headquartered in Madrid, Spain.

Key Stats and Financials As of 2020
Market Capitalization
$1.21B
Total Enterprise Value
$2.03B
Earnings Per Share
$-27.44
Total Debt
$2.86B
Total Equity
$937M
Enterprise Value / Sales
0.55x
Enterprise Value EBITDAOperating
3.98x
TEVNet Income
-1.06x
Debt TEV
1.41x
Three Year Compounded Annual Growth Rate Of Revenue
-13.53%
EBITDAMargin
12.13%
EBITDA
$447M
Net Profit
$-1.92B
Revenue
$3.68B
Non-Profit Donations & Grants
Investments
Details Hidden

Proserv Group, Inc. manufactures production equipment for the oil and gas industry. The firm offers drilling and production technology products, including control systems, regulators, and fluid sampling technology systems; check, relief, shuttle, SPM, directional control, and instrumentation valves; and chemical injection equipment, systems, panels, and skids. It also provides subsea control systems, installation and intervention control systems, and subsea dredging and sampling systems; and BOP stack and tree refurbishment, assembly, FAT, and SIT solutions for subsea and offshore renewable markets. The company was founded in 1974 and is headquartered in Westhill, the United Kingdom.

Suppliers
Mix Telematics Ltd. Internet Software & Services | Midrand, South Africa

MiX Telematics Ltd. engages in the provision of fleet and mobile asset management solutions. It focuses on the following industries: fast moving consumer goods, utilities, security, construction, transport and distribution, emergency services, government, rental and leasing, mining, oil and gas, and public transport. The company was founded by Stefan Joselowitz in 1996 and is headquartered in Boca Raton, FL.

James Fisher & Sons Plc Marine Shipping | Barrow-in-furness, United Kingdom

James Fisher & Sons Plc engages in the provision of marine services. It operates through the following segments: Marine Support, Specialist Technical, Offshore Oil, Tankships, and Corporate. The Marine Support segment provides products, services, and solutions to the global marine industry. The Specialist Technical segment supplies diving equipment and services, submarine rescue products and support services, and engineering solutions to the nuclear decommissioning market. The Offshore Oil segment includes the design and engineering of specialist equipment, platform maintenance and modification, well testing support, subsea operations, and maintenance services. The Tankships segment operates fleet of product tankers carrying petrol, diesel, and kerosene. The company was founded by James Fisher in 1847 and is headquartered in Barrow-in-Furness, the United Kingdom.

FMC Technologies, Inc. Computer Software | Houston, TX

FMC Technologies, Inc. provides technology solutions for the energy industry and other industrial markets. It engages in the designing, manufacturing and marketing of service technologically sophisticated systems and products, such as subsea production and processing systems, surface wellhead systems, high pressure fluid control equipment, measurement solutions and marine loading systems for the oil and gas industry. The firm operates through the following segments: Subsea Technologies, Surface Technologies and Energy Infrastructure. The Subsea Technologies segment designs and manufactures systems and provides services to oil and gas companies involved in deepwater exploration and production of crude oil and gas. The Surface Technologies segment designs and manufactures systems and provides services to oil and gas companies involved in land and offshore exploration and production of crude oil and gas. It also designs, manufactures and supplies technologically advanced high pressure valves and fittings for oilfield service companies. The Energy Infrastructure segment manufactures and supplies liquid and gas measurement and transportation equipment and systems to customers involved in the production, transportation and processing of crude oil, natural gas and petroleum-based refined products. The company was founded in November 2000 and is headquartered in Houston, TX.

Competitors
Halliburton Company Oil & Gas - Houston, Texas

Halliburton Co. engages in the provision of services and products to the energy industry related to the exploration, development and production of oil and natural gas. It operates through the following segments: Completion and Production and Drilling and Evaluation. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift and completion services. The Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation and wellbore placement solutions that enable customers to model, measure and optimize their well construction activities. The company was founded by Erle P. Halliburton in 1919 and is headquartered in Houston, TX.

Nabors Industries Ltd. Oil & Gas - Hamilton, Bermuda

The Nabors companies own and operate approximately 521 land drilling and approximately 607 land workover and well-servicing rigs in North America. Nabors' actively marketed offshore fleet consists of 40 platform rigs, 12 jack-up units and 4 barge rigs in the United States and multiple international markets. In addition, Nabors manufactures top drives and drilling instrumentation systems and provides comprehensive oilfield hauling, engineering, civil construction, logistics and facilities maintenance, and project management services. Nabors participates in most of the significant oil, gas and geothermal markets in the world.

Baker Hughes Co. Oil & Gas - Houston, Texas

Baker Hughes Co. is a holding company. The firm engages in the provision of oilfield products, services, and digital solutions. It operates through the following segments: Oilfield Services (OFS), Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS) and Digital Solutions (DS). The OFS segment provides products and services for on and offshore operations across the lifecycle of a well, ranging from drilling, evaluation, completion, production, and intervention. The OFE segment provides a broad portfolio of products and services required to facilitate the safe and reliable flow of hydrocarbons from the subsea wellhead to the surface production facilities. The TPS segment provides equipment and related services for mechanical-drive, compression and power-generation applications. The DS segment provides operating technologies helping to improve the health, productivity, and safety of asset intensive industries and enable the Industrial Internet of Things. The company was founded in April, 1987 and is headquartered in Houston, TX.

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