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United Kingdom

Weatherford International PLC (WFT.N)

WFT.N on New York Stock Exchange

0.43USD
14 Dec 2018
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$-0.03 (-6.82%)
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Fri, Sep 14 2018

Weatherford CEO's rebound plan relies on getting smaller

By Liz Hampton HOUSTON, Sept 14 Four years ago, oilfield company Weatherford International Plc pledged to sell non-core businesses and make paying down debt its top priority after years of borrowing and over spending. It almost worked. Asset sales provided some $1.8 billion to pare debt, and Weatherford's stock nearly doubled that year. But when oil prices plummeted in mid-2014 and customer spending on new wells followed, Weatherford failed to cut costs fast eno

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