Weatherford Selected for Inclusion in the Russell 3000® Index
BAAR, Switzerland, June 15, 2015 /PRNewswire/ -- Weatherford International plc (NYSE: WFT) announced today that it has been selected to be included in the broad-market Russell 3000® Index. This inclusion will be effective upon the close of trading on June 26, 2015, when the Russell Investment Group reconstitutes its comprehensive set of U.S. and global equity indexes.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $5.7 trillion in assets are benchmarked to the Russell's U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
Real-time market analysis on the Russell Indexes is available at http://www.russell.com/indexes/data/US_Equity/Russell_US_Index_returns.asp.
About Weatherford
Weatherford is one of the largest multinational oilfield service companies providing innovative solutions, technology and services to the oil and gas industry. The Company operates in over 100 countries and has a network of approximately 1,400 locations, including manufacturing, service, research and development, and training facilities. For more information, visit www.weatherford.com.
About FTSE Russell
FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 80 countries, covering 98% of the investable market globally and trading on over 25 exchanges worldwide.
FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Leading asset owners, asset managers, ETF providers and investment banks use FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.
A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance. FTSE Russell is also focused on index innovation and client collaboration as it seeks to enhance the breadth, depth and reach of its offering.
FTSE Russell is wholly owned by London Stock Exchange Group. For more information, visit www.ftserussell.com.
| Weatherford Contacts |
|
| Krishna Shivram |
|
| Executive Vice President and Chief Financial Officer |
+1.713.836.4610 |
| Karen David-Green |
|
| Vice President – Investor Relations and Corporate Communications |
+1.713.836.7430 |
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SOURCE Weatherford International plc
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