Weatherford International plc (WFRD)

125.01 +6.92 (+5.86%) At close: 04:00PM EDT

Weatherford International plc

2000 St. James Place
Houston, TX 77056
United States
713 836 4000
https://www.weatherford.com

Sector(s): Energy
Industry: Oil & Gas Equipment & Services
Full-time employees: 18,800

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Girishchandra K. Saligram	President, CEO & Director	5.7M	N/A	1972
Mr. Desmond J. Mills	Senior VP & Chief Accounting Officer	812.18k	N/A	1974
Mr. Scott C. Weatherholt	Executive VP, General Counsel & Chief Compliance Officer	1.93M	N/A	1978
Mr. Charles W. Davison Jr.	Executive VP and Chief Fulfillment & Enterprise Infrastructure Officer	667.88k	N/A	1969
Mr. Arunava Mitra	Executive VP & CFO	N/A	N/A	1973
Depinder Sandhu	Executive Vice President of Global Product Lines & Technology	N/A	N/A	1976
Mohammed Topiwala	Director of Investor Relations and M&A	N/A	N/A	N/A
Kelley Hughes	Director of Global Communications	N/A	N/A	N/A
Ms. Kristin Ruzicka	Senior VP & Chief Human Resources Officer	N/A	N/A	N/A
David John Reed	Executive VP & Chief Commercial Officer	N/A	N/A	1974

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Weatherford International plc, an energy services company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide. The company operates through three segments: Drilling and Evaluation; Well Construction and Completions; and Production and Intervention. It offers artificial lift systems, including reciprocating rod, progressing cavity pumping, gas, hydraulic, plunger, and hybrid lift systems, as well as related automation and control systems; pressure pumping and reservoir stimulation services, such as acidizing, fracturing, cementing, and coiled-tubing intervention; and software, automation and flow measurement solutions. The company also provides safety, downhole reservoir monitoring, flow control, and multistage fracturing systems, as well as sand-control technologies, and production and isolation packers; liner hangers to suspend a casing string in high-temperature and high-pressure wells; cementing products, including plugs, float and stage equipment, and torque-and-drag reduction technology for zonal isolation; and pre-job planning and installation services. In addition, it offers directional drilling services, and logging and measurement services while drilling; services related to rotary-steerable systems, high temperature and high pressure sensors, drilling reamers, and circulation subs; rotating control devices and advanced automated control systems, as well as closed loop drilling, air drilling, managed-pressure drilling, and underbalanced drilling services; open-hole and cased-hole logging services; and intervention and remediation services. Further, it provides tubular handling, management, and connection services; and re-entry, fishing, and well abandonment services, as well as patented bottom hole, tubular-handling equipment, pressure-control equipment, and drill pipe and collars. The company was incorporated in 1972 and is based in Houston, Texas.

Corporate governance

Weatherford International plc’s ISS governance QualityScore as of 1 April 2024 is 4. The pillar scores are Audit: 6; Board: 4; Shareholder rights: 3; Compensation: 5.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.