Skip to content
Weatherford logo AU24 Weatherford Annual Update 2024
Sustainability

Letter To Shareholders

Performance

The Energy of Innovation

Who We Are

Sustainability

  • Letter To Shareholders

    Welcome from Girish K. Saligram

  • Performance

    Performance

    Our Performance in 2024

    Jump within this section:
    • Introduction
    • Financial Performance
    • Organizational Vitality
    • Customer Experience
    • LEAN Operations
    • Creating the Future
  • The Energy Of Innovation

    The Energy Of Innovation

    Technology and Customer Value Creation

    Jump within this section:
    • Introduction
    • Product and Service Portfolio
    • Digital
    • Enterprise Innovation
  • Who We Are

    Who We Are

    One Weatherford: Fostering Innovation, Cultivating Growth, Delivering Results

    Jump within this section:
    • Introduction
    • Our Culture
    • Our Foundation
    • Employee Engagement
    • Employee Spotlight
  • Sustainability

    Shaping Tomorrow, Today

Sustainability

Sustainability

Shaping Tomorrow, Today

Shaping Tomorrow, Today

By keeping sustainability principles and stakeholder value creation at the forefront of our decision-making, we aim to balance innovation with environmental responsibility, ensuring transformative progress for our Company and our industry.

Our commitment to achieving Net-Zero by 2050 guides our innovation and decision-making, informing our approach to energy solutions that balance both environmental and economic drivers. To support this ambition, we are:

  • Supporting the industry's transition to scalable energy solutions, leveraging digital capabilities, and seeking collaborative partnerships to meet evolving needs.
  • Advancing the Net-Zero 2050 Roadmap, refining pathways and initiatives to further progress toward the 2050 Scope 1 & 2 targets.
  • Deepening assessments of climate-related risks and opportunities and enhancing strategies to anticipate long-term impacts and refine decision-making.
  • Enhancing tracking and evaluation of facility improvements, uncovering decarbonization opportunities across the supply chain and optimizing the environmental impact of our products and technologies.

To further our environmental, social, and governance strategy, we are:

  • Assessing Double Materiality, identifying both financial risk and opportunity, as well as potential environmental impacts across widespread ESG topics in preparation for regulatory disclosure in multiple jurisdictions where we operate, as well as pivoting our strategy and programming where required.
  • Continuing to align with the UN Global Compact Sustainable Development Goals, incorporating its principles across human rights, labor, environmental sustainability, and anti-corruption efforts.
  • Optimizing our new Human Capital Management system to enhance workforce management processes and support the growth of our internal talent pipeline.
  • Maintaining our focus on supporting local communities through philanthropy, volunteerism, and employee-led initiatives.
  • Enhancing our human rights due diligence efforts to remain compliant with the evolving regulatory landscape to prevent adverse impacts across our value chain.
  • Strengthening our compliance programs through enhanced oversight, engagement, and training. Key efforts include third-party risk awareness, improved Sales Channel Partner monitoring, joint Ethics and Trade Compliance Pulse Checks, and an expanded training platform.

Our 2024 Sustainability Report will soon be available for our valued stakeholders at www.weatherford.com/sustainability. We remain committed to keeping you informed of our advancements in this space and the impact of our corporate strategies on the same.

Appendix

GAAP to NON-GAAP Reconciliation Download the GAAP to NON-GAAP Reconciliation as a PDF

Download

Download the Annual Update as a PDF (3.6 MB) Download the Form 10-K (2.7 MB)

Find Out More

Our Corporate Governance About Us Instagram

Share

Share on Facebook - Opens in a new window Share on Twitter - Opens in a new window Share on LinkedIn - Opens in a new window
Weatherford Annual Update 2024
  • Privacy Policy - Opens in a new tab or window
  • Terms & Conditions - Opens in a new tab or window
  • Accessibility Statement
© Weatherford 2025



This update includes non-GAAP financial measures which we believe provide users of our financial information with additional meaningful comparisons between current results and results of prior periods as well as comparisons with peer companies. Please refer to the appendix included herein for a reconciliation of GAAP to the non-GAAP financial measures.