Read as much as you want on, anywhere and anytime, for just 99¢.

Weatherford Internat’l

Continue reading below

Weatherford, an oil field-services company, said ongoing tax accounting problems will force it to restate earnings again. Weatherford, which moved to Geneva in 2009 for a more favorable tax rate, posted preliminary earnings as a final tax bill is determined. It estimated 2011 taxes of $490 million to $520 million, and expects up to $250 million in net adjustments to results from at least 2008 as it corrects errors.

Loading comments...
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of