Weatherford International (WFTUF)

Overall impact
F (11)

Commentary

Weatherford International is a poor overall performer. With an 'F' rating of 10.9 for overall impact (bottom 10% of all companies), Weatherford International ranks 66th out of 75 industry peers, behind Core Laboratories, Basic Energy Services, Natural Gas Services and 62 others, and ahead of Halliburton, Oceaneering International, Superior Energy Services and 6 others. On top material causes for Weatherford International's industry (Oil & Gas), Weatherford International performs poorly in Racial Justice and Civil Rights (36.1 score), Reduced Green House Gas Emissions (0.0), Improved Mental Health (12.6) and 15 other causes where it received a 'D' or 'F' score. Weatherford International did not receive an 'A' rating on any cause.
Impact
Cause WFTUF
Peer rank
Overall impact

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Company
Founded
1972
Employees
18,000
Sector
Energy
Industry
Energy Equipment & Services
Sub-industry
Oil & Gas Equipment & Services
SASB industry
Car Rental & Leasing
Headquarters
Texas, United States
Share classes
WFTUF
Mission
To deliver innovative technologies and services designed to meet the world's current and future energy needs in a safe, ethical, and sustainable manner.
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. The company also provides pressure pumping and reservoir stimulation services, such as acidizing, fracturing, cementing, and coiled-tubing intervention, along with software, automation, and flow measurement solutions. Additionally, Weatherford provides safety, downhole reservoir monitoring, flow control, and multistage fracturing systems, as well as sand-control technologies and production and isolation packers. It offers 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. The company provides services related to rotary-steerable systems, high temperature and high pressure sensors, drilling reamers, and circulation subs, as well as rotating control devices and advanced automated control systems. It also offers closed loop drilling, air drilling, managed-pressure drilling, and underbalanced drilling services, along with 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.
Material causes
Ethos considers the following causes material for Weatherford International, based on its industry sub-industry Oil & Gas Equipment & Services. Learn more about material causes in our methodology overview.

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