Weatherford International's net worth, commonly referred to as its market capitalization, is $4.87 billion as of December 23, 2024.
For public companies like Weatherford International, "net worth" is best understood through its market capitalization. This financial metric represents the total value of all the company's outstanding shares of stock. It is determined by multiplying the current share price by the total number of shares that are publicly available.
Market capitalization serves as a crucial indicator of a company's size and its perceived value in the market at a specific point in time. It is a dynamic figure, subject to constant change based on stock market performance, investor demand, and the company's financial health and prospects.
Understanding Weatherford's Market Valuation
The market capitalization provides insight into the company's valuation in the global financial markets. Here is a summary of Weatherford International's recent market cap data:
| Metric | Value | Date |
|---|---|---|
| Market Cap | $4.87 billion | December 23, 2024 |
| One-Year Change | -20.50% | As of Dec 23, 2024 |
This data indicates that Weatherford International's market valuation experienced a decrease of 20.50% over the one-year period leading up to December 23, 2024. Such changes can be influenced by a variety of factors, including broader economic conditions, industry-specific trends in the energy services sector, and the company's operational performance.
