Weatherford to Repurchase $1 Billion in Company Shares

Weatherford International reports that its Board of Directors has approved a share repurchase program that authorizes Weatherford to repurchase up to $1 billion of Weatherford's outstanding common shares, as market conditions warrant.

Weatherford may conduct its share repurchases in the open market and in privately negotiated transactions. The repurchase program does not require Weatherford to acquire any specific number of shares and may be terminated or suspended at any time.