Service & Supply | Quarterly / Earnings Reports | Oilfield Services | Third Quarter (3Q) Update
Weatherford Sees Greater Activity in Canada, Greater Margins in US
Print
|
Weatherford International plc has reported net income before charges of $248 million on revenues of $3.88 billion for the third quarter of 2014.
Third Quarter 2014 Highlights Completed the sale of the Russian and Venezuelan land rig operations; Completed the sale of the Pipeline and Specialty Services business; Reduced net debt by $717 million using proceeds from the successful divestiture of non-core businesses; Improved operating income margins by 145 basis points sequentially to 15.4% led by a 183 basis point gain in the international operations; North America improved by 92 basis points; Increased North America revenues by 9% sequentially and 14% year-over-year; and Completed the planned cost reductions in our core businesses. Third Quarter 2014 ResultsRevenue for the third quarter…
Finish this article — free account or subscription
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
No credit card. Includes 15 days of full access to permits, deals, completions and presentations.
Already a subscriber? Log in