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Weatherford Announces Support for Eni's Junín-5 Development in Venezuela

Weatherford International plc has announced it will provide integrated services and technologies to support Eni's Junín-5 oil field development in Venezuela.

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  1. The Motley Fool Team

    Weatherford: 3 Key Takeaways for Long-Term Investors

    Weatherford reported Q3 2026 sequential revenue growth of 3% to $1.14 billion despite Middle East headwinds. The company is retiring $236 million in high-yield debt to reduce interest expenses, expanding operations in Venezuela with potential for triple-digit million revenues in 2027, and acquiring NCS Multistage to enhance offshore completions capabilities. Management targets mid-20s EBITDA margins and 50% free cash flow conversion in coming years.

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