Weatherford International Inc., a provider of equipment and services for the oil and natural gas industries, said Friday that it will be listed on the Swiss Exchange beginning Nov. 17.
The Geneva-based company's shares will be traded under the ticker WFT.
The company's 758.4 million registered shares also will be included in the benchmark Swiss Performance Index, the SPI Index, which includes nearly all the stock traded on the exchange.
The Swiss Exchange also may add the company to the SMI Index, which includes the 20 largest and most liquid shares on the exchange. That decision will be made in the first quarter of 2011.
Weatherford's listing on the Swiss Exchange will help expand the company's presence within the global investment community and reinforce the company's growing presence in the Eastern Hemisphere, which is the source of a significant portion of the company's current and anticipated future earnings, the company said in a statement.
Weatherford shares continue to be listed on the New York Stock Exchange and the NYSE Euronext.
Shares fell 24 cents, or 1.2 percent, to $19.41 in late morning trading.