Comparing the current results to its competitors, Weatherford International Plc reported Revenue decrease in the 1 quarter 2026 year on year by -3.44 %, despite the revenue increase by the most of its competitors of 8.06 %, recorded in the same quarter.
Weatherford International Plc Net Income in the 1 quarter 2026 grew year on year by 26.74%, faster than the Weatherford International Plc's competitors average income growth of 22.24 %
Weatherford International Plc's Comment on Competition and Industry Peers
The company offers pressure pumping and reservoir stimulation services globally. Its principal competitors include SLB, Halliburton, Baker Hughes, and Expro Group Holdings. Competition factors in the energy services sector include performance, safety, quality, reliability, service, price, response time, and product breadth. The industry is highly competitive, and consolidations and acquisitions by competitors may affect the company's business.
November 7, 2024
Weatherford Secures Three-Year Contract with ADNOC: A Strategic Win in the Energy Sector In a significant development within the global energy sector, Weatherford International Plc, a leader in wellbore and production solutions, has secured a vital three-year contract with the Abu Dhabi National Oil Company (ADNOC). This agreement represents a substantial step forward for Weatherford, underscoring its robust capabilities and competitive positioning within the oil and gas industry. A Strategic Partnership and Industry Impact The partnership between Weatherford and ADNOC, one of the world s leading energy producers, is set to enhance operational efficiencies and drive innovation within the sector. This collabo...
November 5, 2024
Weatherford International Secures Key Contracts and Boosts Revenues Amid Industry Challenges HOUSTON, Nov. 5, 2024 Weatherford International plc (NASDAQ: WFRD) has announced a significant advancement in its operations with the awarding of two major contracts in the Middle East. The contracts are directly with Kuwait Oil Company (KOC) and a National Oil Company (NOC) in Qatar, illustrating Weatherford s strategic positioning and operational capabilities within the region s competitive oil and gas market.Moreover, Weatherford s financial performance in the third quarter of 2024 demonstrates resilience amid a challenging industry landscape. The company reported a year-on-year revenue increase of 7.31%. This c...
June 4, 2024
Weatherford Signs Memorandum of Understanding with QatarEnergy to Advance Tawteen In-Country Value Program HOUSTON, June 04, 2024 Weatherford International plc (NASDAQ: WFRD) , a leading global energy services company, announced today the signing of a Memorandum of Understanding (MOU) with QatarEnergy . This strategic partnership aims to advance the s of the Tawteen In-Country Value (ICV) program, which is central to supporting Qatar s local energy industry, enhancing career opportunities and talent development, and driving technological innovation in alignment with the Qatar National Vision 2030.The MOU outlines a comprehensive framework that will allow both companies to collaborate closely on several str...
Weatherford International plc, a global provider of oilfield services, has secured a significant contract with Petrleo Brasileiro S.A. (Petrobras) in Brazil. Following a competitive tender process, Weatherford has been awarded a five-year contract to supply Drill Pipe Riser (DPR) ultra deepwater offshore intervention systems and services. This new contract, consisting of seven systems, will replace a previous six-system contract that has been in operation since November 2020. Operations for the new contract are scheduled to commence in March 2025. In other news, Weatherford International Plc reported impressive financial results for the third quarter of 2023. The company s revenue increased by 17.23...
Publicly Traded Peers of Weatherford International Plc
Halliburton Company Share Performance
-10.94%
This Quarter
Halliburton Company
Profile
Halliburton Companys business model focuses on delivering comprehensive solutions and innovative technologies for the oil and gas industry, encompassing a wide range of services from exploration and drilling to production and asset management. By leveraging its expertise and advanced technologies, Halliburton aims to enhance operational efficiency and optimize resource extraction for clients across the globe.
Klx Energy Services Holdings Inc Share Performance
-20.62%
This Year
Klx Energy Services Holdings Inc
Profile
Klx Energy Services Holdings Inc operates as an oilfield services company, providing specialized technical services and equipment to the oil and gas industry.
Helix Energy Solutions Group inc Share Performance
+13.37%
This Quarter
Helix Energy Solutions Group inc
Profile
Helix Energy Solutions Group Inc operates as an offshore energy services company that provides specialty services to the offshore energy industry. They offer services such as well intervention, robotics, and production enhancement, enabling customers to access, develop, and produce offshore reserves from challenging environments.
National Energy Services Reunited Corp Share Performance
+34.58%
This Quarter
National Energy Services Reunited Corp
Profile
National Energy Services Reunited Corp (NESR) is an energy services company that operates in the Middle East, North Africa, and Asia regions. They provide integrated solutions and technical services to the oil and gas industry, including drilling, production, and well intervention services. Their business model focuses on leveraging their expertise and technologies to deliver cost-effective and efficient solutions to their clients, ultimately supporting the exploration and production activities of the energy sector.
Mammoth Energy Services Inc operates as an energy services company that provides infrastructure solutions primarily to the energy industry. Its business model focuses on offering a range of services such as construction, maintenance, and environmental services to support energy companies in their operations.
Sources:
Weatherford International Plc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
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