Weatherford’s WFT first-quarter results were respectable given its recent history, but it still has many areas that can be improved. Revenue was $3.8 billion, up 7% from the prior year, while down 5% sequentially. Segment operating income was $429 million, roughly flat compared with the prior quarter’s $432 million (excluding items), but a decline of 23% from the prior year, thanks to weaker North American … Continue reading Weatherford’s 1Q Results Are Respectable Given Recent History; Net Debt Position Worsens