Weatherford U.S., L.P.
Location
Louisiana
Founded
1995-07-05
Website
Risk Signals
833 news mentions monitored
Industry Context
This company is tracked across risk categories, including those related to its sector (e.g., Fabricated Pipe and Pipe Fittings, Oil and Gas Field Machinery and Equipment), including supply chain integrity, ESG practices, labor disputes, and regulatory compliance.
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Recent Articles about Weatherford U.S., L.P.
Live alerts from global media, monitored by Business Radar
2011-03-03 (goingconcern.com)
Weatherford CFO Not Taking $500 Million Accounting Error Well; CEO Slightly More Upbeat -
WTF WFT CFO Andrew Becnel needs a hug: Weatherford International Ltd. Chief Financial Officer Andrew Becnel called a $500 million accounting error disclosed by the oilfield-service company late Tuesday an "embarrassment," the damage of which is "impossible to quantify." But you know who's taking this whole snafu in stride? CEO Bernard Duroc-Danner that's who! BDD told investors on a conference call today that nothing is fucked and that this will all be yesterday's news in no time: Chief Executive Bernard Duroc-Danner said there is no risk of a U.S. government investigation or of any tax penalties or fines related to what he characterized as a mistake in calculating the tax rates on dividends moved from one subsidiary to another. Geez. Give the SEC some credit wouldja? Just because they missed a few things here and there doesn't mean they won't ask any questions about your material weaknesses. Weatherford Finance Chief Calls Accounting Error an 'Embarrassment' [WSJ]
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(thehill.com)
Ernst & Young to pay SEC $11.8M to settle audit charges
<p>The SEC said the firm failed to detect accounting fraud at an oil company it audited. </p>
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