Nov 13 Oilfield services company Weatherford
International Ltd will sharpen its focus on more
profitable growth to shape up after a year of tending to
problems with its taxes, its chief executive said on Tuesday.
CEO Bernard Duroc-Danner also said that once the tax
remediation was done, he would turn his attention back to
selling about $1 billion in assets - a plan that originally
emerged in 2011.
Late on Monday, the company reported a decline in pretax
earnings and gave an outlook for the fourth quarter that was
below market expectations. Weatherford's
Switzerland-traded shares fell nearly 9 percent.