Weatherford Shares Slip After ExxonMobil Nigeria News
Weatherford International plc stock fell Friday, with shares down 1.1% at $108.79. That came after the company said it landed a new deepwater contract with ExxonMobil for work in Nigeria. The stock traded between $106.09 and $109.98 on Nasdaq. Weatherford picked up another international offshore contract, but the timing is in focus. Investors are trying to figure out if wins like this can balance Middle East disruption and mixed service demand elsewhere.