================================================================================

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

     PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


       DATE OF REPORT (Date of earliest event reported): OCTOBER 30, 2003


                         WEATHERFORD INTERNATIONAL LTD.
               (Exact name of registrant as specified in charter)


                                                                         
         BERMUDA                          1-31339                              98-0371344
(State of Incorporation)           (Commission File No.)          (I.R.S. Employer Identification No.)


      515 POST OAK BLVD., SUITE 600, HOUSTON, TEXAS                            77027-3415
       (Address of Principal Executive Offices)                                (Zip Code)



       REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (713) 693-4000

================================================================================

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

      (a)   Financial statements of business acquired

            Not applicable.

      (b)   Pro forma financial information

            Not applicable.

      (c)   Exhibits

      99.1  Press release dated October 30, 2003 announcing earnings for the
            quarter ended September 30, 2003.

ITEM 9. REGULATION FD DISCLOSURE

      On October 30, 2003, we issued a news release announcing third quarter
results for the period ended September 30, 2003. A copy of the press release is
attached as Exhibit 99.1 and is incorporated by reference in this Item 9.

ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION

      On October 30, 2003, we issued a news release announcing third quarter
results for the period ended September 30, 2003. A copy of the press release is
attached as Exhibit 99.1 and is incorporated by reference in this Item 12.

      The information in this report is being furnished, not filed, pursuant to
Item 12 of Form 8-K. Accordingly, the information in Item 12 of this report will
not be incorporated by reference into any registration statement filed by us
under the Securities Act of 1933, as amended, unless specifically identified as
being incorporated therein by reference.

      On October 30, 2003, following the news release and the filing of this
Current Report on Form 8-K, we will hold a conference call at 10:00 a.m.
eastern, 9:00 a.m. central, regarding the third quarter results. This scheduled
conference call was previously announced on October 23, 2003 and will be
available via real-time webcast. To access the call please contact the
conference call operator at 617-786-2960 approximately 10 minutes prior to the
scheduled start time, and ask for the Weatherford Conference Call. The password
is "Weatherford". A replay will be available until 5:00 p.m. central, November
6, 2003. The number for the replay is 617-801-6888; passcode 95948924. In
addition, a replay will be available on our website at www.weatherford.com. To
access the replay, click on the Investor Relations Link under "Corporate" and
then click on the Enhanced Audio Webcast link.

      Weatherford reports its financial results in accordance with generally
accepted accounting principles (GAAP). However, management believes that certain
non-GAAP performance measures may provide users of this financial information
additional meaningful

                                     Page 2

comparisons between current results and results in prior operating periods.
Certain information discussed in the press release and the conference call could
be considered non-GAAP measures. In compliance with the Securities and Exchange
Commission's Regulation G, reconciliations of such information to the closest
GAAP measures are available on our website. To access these reconciliations,
click on the Investor Relations Link under "Corporate" and then click on the
Financial Information Link. Non-GAAP financial measures should be viewed in
addition to, and not as an alternative for, Weatherford's reported results
prepared in accordance with GAAP. Other companies may define the non-GAAP
measures differently.

                                     Page 3

                                   SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                           WEATHERFORD INTERNATIONAL LTD.



Dated:  October 30, 2003                   /s/ Lisa W. Rodriguez
                                           ------------------------------
                                               Lisa W. Rodriguez
                                           Senior Vice President and
                                             Chief Financial Officer


                                     Page 4

                                  EXHIBIT INDEX

      99.1  Press release dated October 30, 2003 announcing earnings for the
            quarter ended September 30, 2003.