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Weatherford International to Relist on Nasdaq as Oil Industry Recovers

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Shares of Weatherford, once the world’s fourth-largest oil-field services company before being felled by an oil bust, are set to be relisted on the Nasdaq stock exchange

Shares of Weatherford International PLC, once the world’s fourth-largest oil-field services company before being felled by an oil bust, are set to be relisted on the Nasdaq stock exchange Wednesday, a sign of the industry’s slow but steady recovery.

Weatherford trailed only Schlumberger Ltd. , Halliburton Co. and Baker Hughes Co. among the largest oil-field services providers before crude prices collapsed in 2015. Weatherford struggled to repay its debts, which totaled about $8.3 billion when it filed

 

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इंडिया ताज़ा खबर, इंडिया मुख्य बातें

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