Weatherford Releases 2023 Digital Annual Update

Rhea-AI Summary

Weatherford International plc (NASDAQ: WFRD) released its 2023 Annual Update, showcasing exceptional market performance, new technology developments, and strategic acquisitions. The Company's focus on creating long-term value for customers and investors sets the stage for sustainable growth in 2024.

HOUSTON, April 16, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) ("Weatherford" or the "Company") announced the release of its 2023 Annual Update, highlighting outstanding results for the year. The digital update showcases new technology developments, recent strategic acquisitions, and the Company’s unwavering focus on creating long-term value for customers and investors, paving the path for sustainable and steadfast growth.

Girish Saligram, President and Chief Executive Officer, commented, “In 2023, we saw another year of outstanding success driven by exceptional market performance as we created sustainable value. Entering 2024, Weatherford has undergone a significant transformation, distinctly different from its past and the sector. Weatherford is now characterized by our financial discipline, proven performance, and intensified operating focus. Weatherford is now a reimagined entity, strategically poised for success in the evolving landscape.”

The 2023 Annual Update is available on the Company's website.

About Weatherford
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 Company operates in approximately 75 countries and has approximately 18,500 team members representing more than 110 nationalities and 335 operating locations. Visit weatherford.com for more information and connect with us on social media.

Contacts

For Media:
Kelley Hughes
kelley.hughes@weatherford.com

FAQ

What did Weatherford announce in its 2023 Annual Update?

Weatherford announced the release of its 2023 Annual Update, highlighting outstanding results for the year.

What were the key points in Weatherford's 2023 Annual Update?

The key points in Weatherford's 2023 Annual Update included exceptional market performance, new technology developments, and strategic acquisitions.

Who is the President and Chief Executive Officer of Weatherford?

Girish Saligram is the President and Chief Executive Officer of Weatherford.

Where can the 2023 Annual Update be found?

The 2023 Annual Update can be found on Weatherford's website.

What transformation has Weatherford undergone according to the 2023 Annual Update?

Weatherford has undergone a significant transformation characterized by financial discipline, proven performance, and intensified operating focus.