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Weatherford reports $199 mn loss in Q3
Oct. 30, 2018
Source: Energy Voice

Weatherford reports $199 mn loss in Q3

USA’s oilfield services firm Weatherford International reported heavy losses in its third quarter earnings. The firm went through a loss of $199 million which is slightly less than a loss of $256 million last year. The revenue of the company also dropped and was $1.44 billion. The CEO of the company commented that this condition was due to the inefficiencies of supply chain and manufacturing.

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