Weatherford helps oil and gas producers build, drill and maintain wells, mostly outside the United States. In the first nine months of 2026 its operating cash flow rose, but third-quarter revenue and operating profit fell from a year earlier.
Filling a car with fuel probably depends on a well that someone had to drill, seal and keep flowing. Weatherford works on that hidden step. Oil and gas producers, mostly outside the United States, hire it to build wells, drill them and keep them producing as they age. It earns money in two ways: crews and specialist work at the well site, and equipment that producers buy. The Middle East and North Africa is its largest region.
Producers pay mainly for services, meaning Weatherford's people and tools working on their wells; equipment sales make up the rest. That work follows how many drilling rigs a customer keeps running, so when a region slows, revenue drops quickly. One specialty, managed pressure drilling (controlling the pressure inside a well while drilling), carries higher margins. Three things decide how much remains: how much specialist work is in the mix, how busy its crews and equipment are, and how tightly it controls overhead such as administration.
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