Weatherford International Ltd. (NYSE: WFT) is one of the world’s largest diversified upstream oilfield service company. The company has $6.1 billion in annual revenues, approximately 61,000 employees in over 100 countries, and 87 manufacturing facilities supporting 730 service bases. The company provides one of the industry’s broadest portfolios of services and products: drilling, evaluation, completion, production and intervention.
Today's Weatherford is a result of internal growth and innovation as well as the consolidation of more than 200 strategic acquisitions. From a strategic standpoint, Weatherford’s has two key objectives--efficiency and productivity. Weatherford strives for efficiency, both in terms of delivering results for its clients as well as leveraging its worldwide infrastructure. The ultimate goal in both cases is to help reduce costs and increase well productivity. As well, Weatherford has created a more streamlined organizational structure to continue a push towards greater individual productivity levels through more intensive recruiting, training and retention.
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