Top-30-Oilfield-Services-Companies-2018-09. Weatherford Oil & Gas
Weatherford Oil & Gas
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CEO Mark McCollom has had a tough task since taking over last year. Weatherford was dented by the 2014 oil price plunge and he is determined to streamline the business and save $1bn by 2019 with debts estimated at $7.5bn. Weatherford has sold 31 land rigs to ADES International (a new entry at number 15) encompassing operations in Kuwait, Algeria and Saudi Arabia. Record US production has helped total revenue rise 6% to $1.5bn.
