AU23 One Weatherford: A Source of Energy, Innovation, and Inspiration
At Weatherford, we are driven to deliver advancements that propel our Company, industry, and customers forward. Each of us has the ability to make a worldwide impact and positively influence the future of the energy sector. This is what energizes us at Weatherford—all 18,500 of us in 75 countries—where we’re working to transform the energy industry. We each bring a unique skillset and set of experiences to our role, which collectively strengthens our Company. That is why we believe that individually, we are impressive. Together, we are unstoppable. We are One Weatherford. The following sections share more about our culture and spotlight the enthusiasm, commitment, and significant contributions of our team throughout the past year.
Our Culture
Weatherford delivers innovative energy services that integrate proven technologies with advanced digitalization to create sustainable offerings for maximized value and return on investment. Our world-class experts partner with customers to optimize their resources and realize the full potential of their assets. Operators choose us for strategic solutions that add efficiency, flexibility, and responsibility to any energy operation.
The Energy of Innovation®
Energy is what we do and how we do it. Through sparking ideas and discussions, we can illuminate new solutions that help our customers produce energy today and tomorrow. Innovation is how we move our Company and industry forward. We are One Weatherford. We are the Energy of Innovation.
Our Mission
Producing energy for today and tomorrow.
Our Vision
As a global leader in energy services, operators trust Weatherford to drive maximum value, streamline operations, and enhance safety. In partnership with our customers, we are committed to producing innovative energy solutions that are environmentally and economically sustainable to drive our industry forward.
One Weatherford Culture and Core Values
We seek out and value the unique perspectives of our world-class team and are committed to fostering a collaborative culture where everyone can grow and contribute.
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Passion
We are energized by our work and inspired to make a positive impact in our industry, for our customers, across our Company, and in our communities.
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Accountability
We operate with integrity, enable our people and teams to be successful, and are true to our word.
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Innovation
We are driven to deliver advancements that propel our Company, industry, and customers forward.
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Value Creation
We commit to achieving long-term value for all our stakeholders by providing compelling and unique benefits through technology differentiation and operational excellence.
Our culture is upheld by our never-ending commitment to operating sustainably with safety, quality, and integrity.
Diversity, Equity, & Inclusion
At Weatherford, we are proud to champion diversity, equity, and inclusion (DE&I) as a key driver of our success and our ability to drive innovation for our customers. Through initiatives like our employee resource groups (ERGs), we dedicate ourselves to fostering an inclusive workplace where diversity is not just accepted but celebrated.
We are continuing our focus on the following objectives for our DE&I program:
- Increasing DE&I awareness across the organization;
- Building a pipeline of diverse candidates for recruitment activities;
- Supporting local DE&I efforts within each region;
- Increasing gender representation across the organization; and
- Increasing support and participation in our ERGs.
As we progress our objectives, we are dedicated to implementing policies and initiatives to meet our global workforce's diverse needs. For example, we continue to extend Unconscious Bias Awareness Training for all our leaders within our organization. This training initiative serves to educates leaders on unconscious biases, empowering them to leverage their skills to manage any situation effectively.
In addition, our ERGs are an essential asset for our employees, providing a space to share knowledge, resources, and collaborate as a team. For example, our Women of Weatherford (WOW) ERG organized events throughout out the globe that promoted employee engagement, celebrated International Women’s holidays, advocated for women in underrepresented fields, and contributed to charitable impacts for our communities. Additionally, our EveryONE network continued activities to ensure a supportive culture of inclusiveness within Weatherford. We understand the importance of ensuring everyone feels safe, respected, and valued and will continue to provide opportunities for our employees to come together through our ERGs.
Below are some examples of our ERG’s impactful efforts from the past year, as well as important cultural celebrations for our team:
Employee Engagement
We actively foster a positive workplace, encourage transparent communication, and provide avenues for professional growth. We are committed to recognizing and rewarding employees for their contributions, as well as aligning our team with the Company's strategy to establish a shared sense of purpose. The examples below illustrate our unwavering commitment to enhancing employee engagement.
CEO Awards Program
We believe in celebrating the dedication, hard work, and commitment of our employees and take pride in recognizing their performance. Each year, we issue CEO Awards to employees who made a significant impact in the previous year. The recipients are nominated by leaders across our Company for their outstanding achievements and the ways in which they help strengthen our organization and culture. Our nomination categories include:
- CEO Prestige Award: Recognizes individuals’ outstanding performance, development potential, excellent stakeholder management, and commitment to our Core Values.
- The Rising Star: For those who display an exceptional willingness and potential to grow while maintaining alignment with our Company’s strategic vision.
- One WFRD Values Champion: In recognition of colleague’s proven commitment to living by our Core Values (Passion, Accountability, Innovation, and Value Creation) and driving sustainability through their actions (including fostering an environment that appreciates diversity, equity, and inclusion; advancing our culture; engaging in the community; and protecting the environment).
- Performance Excellence: Honors those who play a substantial role in safeguarding the mutual interest of Weatherford and its stakeholders.
Following a review of more than 250 submissions, we were proud to recognize 27 of our colleagues with this prestigious honor.
Career Development Opportunities
We are committed to ensuring our employees have robust career opportunities and the support needed to build a career they are proud of. A core component of this is our training and development curriculum. We believe in creating a learning culture where employees have the opportunities, capabilities, and environment they need to learn effectively through both technical and soft skills programs.
Our NextGen program is designed to accelerate the development of defined competencies and skill sets, preparing field engineers for future roles. Participants undergo extensive training in both technical and non-technical areas, gaining valuable exposure in operations and refining critical leadership skills. In 2023, we welcomed 460 entry-level engineering professionals, marking a notable 67% increase from the previous year. We are proud to highlight that 21% of this cohort comprises talented women, underscoring our commitment to fostering diversity and inclusion. The achievements of these professionals in 2023 showcase the program's success in cultivating a skilled and diverse workforce. We look forward to continuing to grow this program over the next year.
After launching our Leadership Essentials Program in 2022, we were pleased to increase participation in 2023 more than two fold. This program is designed to immerse emerging leadership in an environment where foundational leadership training can be cultivated and developed. The course ties back learnings to our leadership traits of transformative thinking, collaboration, communication, humility, functional expertise, and simplification.
As part of our efforts to continually enhance our technical training programs, we launched several new initiatives in 2023. We continued our focus on providing cross-training and multi-skilling opportunities for our team, which gives our teams exposure to more Product Lines – broadening their knowledge and career path opportunities. In 2023, we created a pilot program geared towards our Field Operator colleagues.
Lastly, our 10-week internship program continues to grow year-over-year. In 2023, we were pleased to host students in the United States and the Middle East across many areas of our business. Each student receives mentorship and coaching, are presented with hands-on learning experiences, and presents their core project and lessons learned to a panel of leadership at the end of their internship. We are proud to have had 27% of our 2023 interns convert to a full-time employee role in 2024.
At all stages of our employees’ careers, we look for opportunities to present them with engaging, challenging, and rewarding development opportunities.
Championing Compliance
By adhering to our Code of Business Conduct and Weatherford Human Rights Standard, we foster a culture that promotes ethical decision-making, fairness, and respect. Championed by our Compliance team, Weatherford operates with integrity by adhering to the policies that shape us, including, but not limited to, Modern Slavery, Sexual Harassment, and Anti-Bribery and Corruption. Our Ethics Ambassadors further promote a culture of integrity by helping the Compliance team deliver training to our global sites in local languages with country-specific examples. At Weatherford, compliance and safety are equally important and we encourage our people to reach out to their managers, Human Resources, the Legal and Compliance department, or Weatherford's ListenUp hotline if they have a concern.
One Weatherford Week
One Weatherford Week is our annual celebration of the One Weatherford team and our amazing organization. It's a time when we come together to express our appreciation to our employees and celebrate our unique culture. Around the world, our colleauges celebrate in meaningful ways including volunteering in their local community, sharing their cultural customs, spotlighting team performance, and more. During the week, we also dedicate special attention to themes that uphold our Company’s culture, including our Core Values. We invite you to watch our recap video showcasing these celebrations from around the globe!
Community Building
When it comes to giving back to our local communities the word passion comes to mind. Fittingly, this is also one of our Core Values. Our One Weatherford team is committed to making a positive impact and they gather throughout the year to make a difference through activities such as blood drives, food bank donations, community clean up events, wellness activities, and fundraising. Below are a few of the activities we were proud to support:
Employee Spotlight
For the past nine years, we have conducted an annual employee photo and video contest to capture our culture and our operations through the point of view of our team. Each year, we are amazed by the artistic talent and enthusiasm exhibited by our team.
This year, we asked for photos and videos demonstrating our colleagues’ pride in working for the Company, celebrating our team’s diversity and spirit, spotlighting our passion and creativity through original songs, and highlighting our technology’s value. With 280 entries from our global network of employees, selecting the winners was a difficult task. We narrowed the entries down to the top ten photos and the top seven videos. Then, our employees helped us select the winner by casting almost 2,500 votes.
For the first time in contest history, the winning image and video were captured by the same employee – Francisco Mateus, IT Supervisor, in Luanda, Angola. Both entries serve as outstanding representations of our dedication to positively impact our communities. We thank Francisco for his submissions and all of our colleagues who participated in the contest by submitting content and voting to support their peers. We are proud to share the creativity of our employees with you.
Photo Contest Winner
Video Contest Winner
We are proud to share the creativity of our employees with you.