Name: Beltrán Edison

Project "JULIAS"
It is a commercial company that provides summaries of information available in the network
about companies in the hydrocarbon sector (services and shares). One of the safestand best valued
companies in the studio was Weatherford
It works too well because the information collected by the company (bosses and employees) is
summarized and accurate for customers.
The challenges that the company has had in the last 5 years has been to make themselves known,
due to lack of publicity.
One of the safestand best valued companies in the studio was Weatherford

Company Profile (Weatherford)

Is one of the largest multinational oilfield service companies providing innovative solutions,
technology, and services to the oil and gas industry.
We understand what it takes to build the best wells in the world: the wells that will produce the
energy the world needs today and tomorrow.
Oil and gas producers face unique challenges every day, so our job is to find creative and
innovative solutions that help them succeed in the safest, most ethical, and sustainable way. We
operate throughout the global energy landscape using some of the best talent in the industry.
Explore the pages below to learn a little more about what we have to offer and what we stand for.
Formation evaluation, drilling, completions, productions, intervention and abandonment, rigs and
others services.
It is a private company, it is a for-profit organization that is owned by private investors.
Su sede principal es Suiza, Weatherford operates in more than 90 countries with locations
strategically positioned to service our customers across the globe.
(Weatherford, 2020)
Weatherford is one of the largest multinational oil and natural gas services companies in the
world. The company provides products and services for drilling, evaluation, completion,
production and intervention of oil and natural gas wells, along with pipeline construction and
commissioning.
It has performed well since 1941 it operates and already has been in more than 100 countries
worldwide and employs more than 35,000 people.
(Blogspot, 2020)

The overall condition of the company in the last 4 years is:

 Figure 1. Weatherford's income in the last 4 years, obtained
from:https://es.investing.com/equities/weatherfgord-intl-income-statement

Comparación con otras compañías

Figure 2. Comparison in Google finance, obtenido de:

https://www.google.com/search?q=weatherford&tbm=fin#scso=_90_tXoD2C9Gzggf-
jr3QBA1:0&wptab=COMPARE

The company has shrunk because of the current situation facing the world with COVID.
Successes and Challenges
Weatherford employs innovative technology successfully, also testing efficient technology in
Brazil's deepwater.
(Oilchannel, 2020).
One of its main challenges was to make them more efficient, since, despite having extensive
reports on their Strategic Suppliers, they continued to present problems and unwanted situations.
Likewise, the number of professionals used in the selection process was very high, another
variable that had to be Optimized to meet the demands of the industry.
(Achilles, 2020).
Plans and strategies for the future
Agree to the terms of your financial restructuring. The oil services company reached an agreement
with senior owners on the terms of comprehensive financial restructuring to create the sustainable
capital structure and achieve a great improvement in its liquidity. Improves company profitability
(Petroleum, 2020).

Bibliografía
Achilles (2020). Achilles experiences: Audit and supplier management services, process
optimization and efficiency. https://www.achilles.com/es/industry-insights/achilles-experencias-
weatherford/
Blogspot (2018). PerfoBlogger - Drilling Blog. http://perfob.blogspot.com/2018/06/empresas-
de-servicios-petroleros-del.html)
Google (2020). Google finance comparation.
https://www.google.com/search?q=weatherford&tbm=fin#scso=_90_tXoD2C9Gzggf-
jr3QBA1:0&wptab=COMPARE
Investing (2020). Weatherford International PLC (WFTLF).
https://es.investing.com/equities/weatherfgord-intl-income-statement
Oilchannel (2020). Weatherford-innovador. https://www.oilchannel.tv/noticias/weatherford-
innovador
Petroleum (2020). Weatherford Acuerda los términos de su reestructuración financiera.
http://petroleumag.com/acuerda-los-terminos-de-su-reestructuracion-financiera/
Weatherford (2020). Weatherford https://www.weatherford.com/en/