WFRD logo

Weatherford International plc Ordinary Shares


WFRD: Weatherford International provides diversified oilfield services worldwide for an array of oilfield types. The firm is a global market leader in artificial lift and tubular running services. Other key product lines include cementing products, directional drilling, and wireline evaluation.


Show WFRD Financials

Consumer Interest
SEC Filings
Our Analysis

Recent trades of WFRD by members of U.S. Congress

Quiver Logo

No Congress Trading data for this ticker

Congress Trading Dashboard

Recently reported changes by institutional investors

Quiver Logo

No Whale Activity for this ticker

Institutional Holdings Dashboard

Quarterly net insider trading by WFRD's directors and management

Government lobbying spending instances

Quiver Logo

No Corporate Lobbying instances for this ticker

Corporate Lobbying Dashboard
U.S. Patents

New patents grants

  • Patent Title: Methods of and apparatuses for transforming acoustic log signals Aug. 01, 2023
  • Patent Title: Controlled deformation and shape recovery of packing elements Aug. 01, 2023
  • Patent Title: Controlled deformation and shape recovery of packing elements Aug. 01, 2023
  • Patent Title: Well plugs and associated systems and methods Aug. 01, 2023
  • Patent Title: Stage cementing system Aug. 01, 2023
  • Patent Title: Internet of things gateway systems and methods for oil and gas fields Jul. 25, 2023
  • Patent Title: Flow measurement apparatus and associated systems and methods Jul. 18, 2023
  • Patent Title: Fusible metal clay, structures formed therefrom, and associated methods Jul. 11, 2023
  • Patent Title: Flow rate optimizer Jul. 04, 2023
  • Patent Title: Top-down cementing of liner assembly Jun. 27, 2023
  • Patent Title: Real time flow rate and rheology measurement May. 30, 2023
  • Patent Title: Wellbore apparatus for setting a downhole tool May. 09, 2023
  • Patent Title: Well tool anchor and associated methods May. 09, 2023
  • Patent Title: Tubular gripping apparatus May. 09, 2023
  • Patent Title: Well barrier sensor data storage and retrieval May. 09, 2023
  • Patent Title: Drilling system and method using calibrated pressure losses May. 09, 2023
  • Patent Title: Catcher for dropped objects Apr. 25, 2023
  • Patent Title: Outflow control device, systems and methods Apr. 25, 2023
  • Patent Title: Apparatus for connecting drilling components between rig and riser Apr. 18, 2023
  • Patent Title: Brakes for a tong Apr. 18, 2023
  • Patent Title: Rotating control device with debris-excluding barrier Apr. 11, 2023
  • Patent Title: Fracturing method using low-viscosity fluid with low proppant settling rate Apr. 04, 2023
  • Patent Title: Bottom hole assembly with a cleaning tool Mar. 28, 2023
  • Patent Title: Wiper plug with atmospheric chamber Mar. 28, 2023
  • Patent Title: Well fluid flow control choke Mar. 21, 2023
  • Patent Title: Cable to reduce optical fiber movement and methods to fabricate Mar. 07, 2023
  • Patent Title: Multi-range load cell Feb. 28, 2023
  • Patent Title: Cone for a downhole tool Feb. 28, 2023
  • Patent Title: Stinger for actuating surface-controlled subsurface safety valve Feb. 14, 2023
  • Patent Title: Acoustically enhanced optical cables Feb. 14, 2023
  • Patent Title: Setting tool for a liner hanger Feb. 14, 2023
  • Patent Title: Rfid actuated release of mill from whipstock Feb. 07, 2023
  • Patent Title: Interchangeable swivel combined multicoupler Feb. 07, 2023
  • Patent Title: Rotary gripping apparatus for a power tong Feb. 07, 2023
  • Patent Title: Pulsed neutron logging tool with in-air automatic shutdown Feb. 07, 2023
  • Patent Title: Borehole compensation during pulsed-neutron porosity logging Feb. 07, 2023
  • Patent Title: Assembly method for communicating with line in wellhead Jan. 31, 2023
  • Patent Title: Gas lift system Jan. 31, 2023
  • Patent Title: Application of elastic fluids in hydraulic fracturing implementing a physics-based analytical tool Jan. 31, 2023
  • Patent Title: Release mechanism for a whipstock Jan. 24, 2023
  • Patent Title: Pulsed neutron logging for petrolithium Jan. 17, 2023
  • Patent Title: High expansion anchoring system Jan. 17, 2023
  • Patent Title: Float valve insert Jan. 03, 2023
  • Patent Title: Sensor system for tong assembly Dec. 13, 2022
  • Patent Title: Running tool for a liner string Dec. 06, 2022
  • Patent Title: Load balanced power section of progressing cavity device Dec. 06, 2022
  • Patent Title: Contingency release of mill from whipstock Dec. 06, 2022
  • Patent Title: Bearing fault detection for surface pumping units Nov. 29, 2022
  • Patent Title: Downhole casing pulling tool Nov. 29, 2022
  • Patent Title: Apparatus and methods for determining operational mode of tong assembly Nov. 01, 2022
Government Contracts

Federal grants, loans, and purchases

Quiver Logo

No Government Contracts for this ticker

Government Contracts Dashboard

Number of mentions of WFRD in WallStreetBets Daily Discussion


Recent insights relating to WFRD

CNBC Recommendations

Recent picks made for WFRD stock on CNBC

Top ETF Holders

ETFs with the largest estimated holdings in WFRD

Corporate Flights

Flights by private jets registered to WFRD

Quiver LogoOur Analysis
Posted: 5 months, 2 weeks ago // April 12, 2023 12:14 p.m. UTC
The five companies sitting on 299 billion barrels of oil

In the past several weeks, China has brokered Saudi Arabian peace talks with Yemen and Iran, reaffirmed its ties with Russia, hosted the French President for discussions, and encircled Taiwan in a massive three-day military exercise.

While these actions shouldn't be dismissed, media and the creators were quick to talk about how this signaled the end of the dollar as the global reserve currency and sparked a 'de-dollarization' frenzy across the internet. While it might make for exciting content, the idea that the dollar will be replaced by the Chinese Yuan or an commodity-backed BRICS equivalent currency anytime soon is ambitious, to say the least.

After all, it's important to remember that the Yuan is still circulated less than the Swiss Franc globally on a daily basis, despite the Franc being issued by a country that is home to just 8 million people. Furthermore, until just a week ago, the most used currency in Russia was the dollar; more than a year after, they invaded Ukraine and gained the title of the most sanctioned country on Earth.

To cut to the point: Yes, de-dollarization is trending up, but it doesn't look like the dollar will get replaced anytime soon, without something substantial happening, like a default (Which is looking increasingly likely).

And while China is making the majority of the headlines, the United States has also been busy. After all, the US isn't just going to sit back and let its empire get chipped away at. In recent weeks, the US has established several new military bases in the Philippines, made multiple high-profile visits to Taiwan, and expanded trade ties in Africa.

However one specific policy change arguably has the most potential. This was when in November of last year, the Treasury Department quietly allowed five oil companies to resume operations in Venezuela on a small scale: Chevron (CVX), Halliburton (HAL), Schlumberger (SLB), Baker Hughes (BKR), and Weatherford (WFRD).

While this mainly flew under the radar at the time, the reason this is a big deal is because Venezuela has the most proven oil reserves of any country on Earth. Despite this, it's barely produced any since 2017 due to sanctions placed on the country.

However, with elevated oil prices, China clawing more into the middle-east every day, and the dollar under more pressure than ever, there are many reasons why the US would want to reopen trade tied with a country like Venezuela.

Contingent that the president of Venezuela, Maduro, doesn't commit any further “human rights abuses”, more sanctions are set to be lifted in the coming months. Over time not only could this shift global oil production firmly into the Americas, and reaffirm the dollar as the global reserve currency, but it would be a massive opportunity for the five companies permitted to produce and export oil out of the country.

Chevron, in particular, has made the most progress in the country, exporting on average over 100,000 barrels of Venezuelan Crude every day in February alone. While this still only represents a fraction of Chevron's total production, which stands at about 1.7 million barrels a day, this number could increase substantially over time.

Given the very speculative nature of the circumstances, we've identified three primary datasets that we cover on Quiver Quant that we'll be watching closely for activity from the five companies:

1: Corporate jet flight activity to Venezuela by company executives.

2:Corporate Lobbying activity by these companies that mention words such as “trade", “sanctions", and "Venezuela".

3: Stock purchases of these companies by politicians, specifically those who sit on energy or trade committees, because let's face it: If anyone knows about a new energy or trade policy regarding Venezuela, it will be them.

While the idea that Venezuela will be able to get oil production to it's historic highs is ambitious to say the least, when you consider that Venezuela has 299 billion barrels of proven oil reserves, valued in excess of $20 trillion at today's prices, it's hard to ignore the potential opportunity that the five companies working in the region might be sitting on. As to if this is nothing more than a pipe dream or not, time will tell.

Disclosure: The content is for informational purposes only; you should not construe any such information as investment, financial, or other advice. I/We have no business relationship with any company whose stock is mentioned in this article.

Subscribe to see more premium analysis

See Pricing