Weatherford Completes Redomestication to the United States
Globe Newswire•13/11/2026•07:01 ET
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Key Highlights
- ➤Weatherford completed redomestication from Ireland to Delaware.
- ➤Weatherford expects $20 million to $30 million in annual cash savings beginning in 2027.
- ➤Weatherford’s stock continues trading on Nasdaq under ticker WFRD.
- ➤Board retained share repurchase authorization through June 2027 and quarterly dividend intent.
Expert Statements
Girish Saligram, President and Chief Executive Officer of Weatherford
“The completion of our redomestication represents another deliberate step in positioning Weatherford for long-term success. We have built a stronger, more focused and more resilient Company, and this move further simplifies our structure as we continue to execute our strategy. Our focus remains on delivering differentiated value for our customers, maintaining disciplined capital allocation and driving sustainable shareholder returns.”
HOUSTON, Nov. 13, 2026 (GLOBE NEWSWIRE) -- Weatherford International Corp (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced that it has completed its previously announced redomestication from Ireland to Delaware. As a result of the redomestication, the Company expects to generate approximately $20 million to $30 million in annual cash savings beginning in 2027.
The redomestication was completed through a scheme of arrangement under Irish law. As a result, Weatherford International Corp, a Delaware corporation, has become the publicly traded parent company of the Weatherford group.
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