About Weatherford
Weatherford is a company based in Oklahoma City (United States) founded in 1941 was acquired by Shaleem Oil and Gas in November 2019.. The company has 19,000 employees as of December 31, 2024. Weatherford has completed 9 acquisitions, including Alpha Oil Tools, CygNet Software and Datagration. Weatherford offers products and services including Drilling Services and PetroVisor Unified Data Platform.
- Headquarter Oklahoma City, United States
- Employees 19000 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Weatherford International Plc
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Annual Revenue
$5.51 B7.36as on Dec 31, 2024
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Net Profit
$506 M21.34as on Dec 31, 2024
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EBITDA
$1.34 B16.16as on Dec 31, 2024
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Latest Funding Round
$500 M (USD), Post-IPO
Aug 28, 2020
- Investors
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Employee Count
19000
as on Dec 31, 2024
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Investments & Acquisitions
Alpha Oil Tools
& 8 more
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Acquired by
Shaleem Oil and Gas
(Nov 21, 2019)
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IPO & Listings of Weatherford
Weatherford is a publicly listed company on the NASDAQ with ticker symbol WFRD in USA, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Weatherford
Weatherford offers a comprehensive portfolio of products and services, including Drilling Services and PetroVisor Unified Data Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Drilling and evaluation services are provided for well construction and optimization in oil and gas operations.
A unified data platform is offered for production optimization and asset performance management in the energy sector.
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Software Development Team
64 people
Human Resources and Administration
29 people
Leadership Team
24 people
Finance and Accounting
24 people
Operations Team
15 people
Legal and Compliance
12 people
Global Team
5 people
Project Team
4 people
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Funding Insights of Weatherford
- Total Funding Total Funding
- Total Rounds 3
- Last Round Post-IPO — $500.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Post-IPO - Weatherford | Valuation |
investors |
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| Jul, 2010 | Amount | Grant - Weatherford | Valuation |
investors |
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| May, 1988 | Amount | Private Equity Round - Weatherford | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Weatherford
Weatherford has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include United States Department of Agriculture, First Reserve and Shaleem Petroleum Company. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Energy sector investments are managed via private equity.
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Founded Year | Domain | Location | |
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Leadership is provided on agriculture, food, and rural development matters.
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Founded Year | Domain | Location | |
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Shaleem Petroleum Company is engaged in providing oilfield services.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Weatherford
Weatherford has strategically engaged in corporate development activities, having acquired 9 companies. Notable acquisitions include Alpha Oil Tools, CygNet Software and Datagration. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Open banking API for cash and payment management is provided.
|
2011 | ||||
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AI-driven analytics solutions are provided for oil and gas companies.
|
2010 | ||||
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Limited information is available on LxSix's core activities.
|
2001 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Weatherford
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Weatherford Comparisons
Competitors of Weatherford
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Weatherford
Frequently Asked Questions about Weatherford
When was Weatherford founded?
Weatherford was founded in 1941 and raised its 1st funding round 47 years after it was founded.
Where is Weatherford located?
Weatherford is headquartered in Oklahoma City, United States. It is registered at Oklahoma City, Oklahoma, United States.
Who is the current CEO of Weatherford?
Mark Mccollum is the current CEO of Weatherford.
How many employees does Weatherford have?
As of Dec 31, 2024, the latest employee count at Weatherford is 19,000.
What is the annual revenue of Weatherford?
Annual revenue of Weatherford is $5.51B as on Dec 31, 2024.
What does Weatherford do?
Oil and gas service company. The company provides products and services for drilling, evaluation, completion, production and intervention of oil and natural gas wells, along with pipeline construction and commissioning.
What products or services does Weatherford offer?
Weatherford offers Drilling Services and PetroVisor Unified Data Platform.
Is Weatherford publicly traded?
Yes, Weatherford is publicly traded on NASDAQ under the ticker symbol WFRD.
How many acquisitions has Weatherford made?
Weatherford has made 9 acquisitions, including Alpha Oil Tools, CygNet Software, and Datagration.
Who are Weatherford's investors?
Weatherford has 3 investors. Key investors include United States Department of Agriculture, First Reserve, and Shaleem Petroleum Company.
What is Weatherford's ticker symbol?
The ticker symbol of Weatherford is WFRD on NASDAQ.