Sustainability

Weatherford is driven to innovate and provide solutions for today and tomorrow. We understand that how we produce energy matters, and we are committed to building a more sustainable future with greater focus than ever on transparency and ensuring ESG priorities are managed responsibly. We are firmly committed to leaving the world a better place than how we found it and as a Company, we are well suited to make a positive and lasting impact. Sustainable operations have always been at the core of how we run our business and we believe we have the differentiation, footprint, and track record to contribute significantly to ESG and the Energy Transition.

To affirm this commitment, we recently announced our pledge to becoming net-zero by 2050. Our Company seeks to achieve this goal by decarbonizing our operations and supporting our customers' efforts to do the same. As we move forward, we will build a roadmap to ensure our approach is thoughtful, pragmatic, and achievable, including setting science-based targets and milestones, with the ability to pivot with changing industry needs.

We appreciate the significance of operating a responsible, sustainable Company for all our stakeholders. As such, we actively engage with our customers in the Energy Transition in targeted applications, leveraging our core capabilities such as Geothermal solutions, CCUS, and Plug and Abandonment. You can read more about our approach in the Energy of Innovation section of the Annual Report.

We also recognize that our One Weatherford team is critical to our continued success. We remain committed to helping our employees develop their careers, pursue their interests, strengthen our culture, and engage in important discussions around our sustainability program. Together, we will continue to grow. To learn more about our One Weatherford team, we encourage you to visit the Who We Are section of this report.

In the coming weeks, we look forward to sharing our Company's first Sustainability Report with our valued stakeholders. You will be able to access the report on the Sustainability section of our website and our social media channels. In the report, we will highlight our strategic approach to advancing our ESG objectives. We will also share insights on topics including our commitment to safety, protecting the environment, operating with integrity, and engaging our global workforce. We look forward to sharing additional information in the Sustainability Report and keeping you informed of our continued progress as we work to ensure a sustainable future in the new energy economy.