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Weatherford registers first-ever quarterly profits in six years
March 17, 2020
Source: PR Newswire

Weatherford registers first-ever quarterly profits in six years

Oilfield services major, Weatherford International yesterday registered a profit for the 4Q19, a first one in over six years. The Houston-based firm, which recently recovered from Chapter 11 bankruptcy, recorded a $5.3 billion in profits on more than $1.2 billion of revenue during the last quarter. The numbers were mixed on the $2.1 billion loss on $1.4 billion of revenue during the fourth quarter of 2018.

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