How much is Weatherford expecting the Iran war to impact its earnings in the first half of the year, and when does it expect normalization of oilfield activity?

Weatherford expects the Iran war to hurt its profits by about $30 million to $50 million over the first half of the year, with the impact worsening in the second quarter before an eventual rebound; CEO Girish Saligram stated that oilfield activity is expected to normalize by the end of this quarter.

What operational disruptions has Weatherford experienced due to the conflict, and what is its outlook for recovery in the Middle East?

Weatherford has paused operations for several weeks in Iraq, Qatar, and parts of Kuwait, while also facing strain from rising freight costs, jet fuel, and trucking expenses; the company sees potential for a rebound in the Middle East in the second half of the year if the conflict is resolved, as the industry maintaining energy equipment would be among the first to benefit from rebuilding damaged infrastructure.

Oil Servicer Weatherford Sees War Impacts Deepening This Quarter

Apr 22, 2026

Weatherford International warned that Middle East conflicts will deepen earnings impacts this quarter, cutting profits by up to $50 million due to halted operations. The company expects a rebound driven by energy security needs and infrastructure rebuilding.

bloomberg

2026-04-22

Oil Servicer Weatherford Sees War Impacts Deepening This Quarter

Oil Servicer Weatherford Sees War Impacts Deepening This Quarter

FAQ