Weatherford Releases 2021 Annual Report

Rhea-AI Summary

Weatherford International plc (NASDAQ: WFRD) has released its 2021 Annual Report, outlining financial results, strategic objectives, and future priorities. The report showcases Weatherford's transformation from a turnaround project to a growth-focused company aiming for sustainable profitability and free cash flow. CEO Girish Saligram emphasized the company's significant achievements in 2021 and expressed optimism about future prospects. The report and Form 10-K for the year ending December 31, 2021, are accessible on the company's website.

Positive

• Transitioning from a turnaround story to a growth-focused company.
• Emphasis on sustainable profitability and free cash flow generation.
• Significant achievements highlighted for 2021.

Negative

• None.

HOUSTON, March 17, 2022 /PRNewswire/ -- Weatherford International plc (NASDAQ: WFRD) ("Weatherford" or the "Company") announced the release of its 2021 Annual Report. The interactive and fully digital report shares the Company's 2021 financial results, strategic focus areas, achievements, and priorities for the future.

The 2021 Annual Report shares the shaping of a new Weatherford, evolving from a turnaround story to a growth engine focused on achieving sustainable profitability and generating free cash flow.

Girish Saligram, President and Chief Executive Officer, commented, "Our annual report for 2021 highlights our significant achievements during an eventful year. With a goal of delivering sustainable profitability and free cash flow generation, our team rose to the challenge, outperformed in 2021, and I am more optimistic than ever about our future."

The 2021 Annual Report and Annual Report on Form 10-K for the year ending December 31, 2021 are both available on the Company's website.

About Weatherford

Weatherford is a leading global energy services company. Operating in approximately 75 countries, the Company answers the challenges of the energy industry with its global talent network of approximately 17,000 team members and approximately 350 operating locations, including manufacturing, research and development, service, and training facilities.

Contacts

For Media:
Kelley Hughes
Weatherford International plc
Director Global Communications
kelley.hughes@weatherford.com

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SOURCE Weatherford International plc

FAQ

What does Weatherford's 2021 Annual Report highlight?

The report focuses on financial results, strategic objectives, and achievements for 2021.

When was Weatherford's Annual Report released?

The report was released on March 17, 2022.

What is Weatherford's goal according to the 2021 Annual Report?

The goal is to achieve sustainable profitability and generate free cash flow.

Who is the CEO of Weatherford?

Girish Saligram is the President and CEO of Weatherford.

Where can I find Weatherford's Annual Report?

The report is available on Weatherford's official website.