Weatherford: North American sector 'very' rough

April 23, 2015 12:09 PM

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No. 4 oil field services company follows peers in cutting staff in market downturn.

Weatherford International, which has headquarters in Switzerland, said first quarter revenue of $2.79 billion represented a 22 percent decrease year-on-year. The decline was most severe in North America, where revenue fell 34 percent from the previous quarter.

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