WFRD on Nasdaq

Weatherford International plc

Oil and gas field machinery and equipment company, listed on Nasdaq (WFRD)1

In its 2026 annual report the company says: “Weatherford International plc, an Irish public limited company, together with its subsidiaries, is a leading global energy services company providing equipment and services used in the drilling, evaluation, well construction, completion, production, intervention, and responsible abandonment of wells in the oil and natural gas exploration and production industry as well as new energy platforms.”4 It is headquartered in Houston, Texas.1

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Last updated Oct 21, 2026.

Overview

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  • TickerWFRD on Nasdaq1
  • IndustryOil & Gas Field Machinery & Equipment1
  • HeadquartersHouston, Texas1
  • Business address2000 St. James Place, Houston, Tx 770562
  • Filer categoryLarge accelerated filer2

Weatherford International plc, an Irish public limited company, together with its subsidiaries (“Weatherford,” the “Company,” “we,” “us” and “our”), is a leading global energy services company providing equipment and services used in the drilling, evaluation, well construction, completion, production, intervention, and responsible abandonment of wells in the oil and natural gas exploration and production industry as well as new energy platforms.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

15.4%Operating margin5
8.8%Net margin5
-10.8%Revenue growth, 20255
25.4%Return on equity5
0.83×Debt to equity5
$450.0MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Service brought in 61% of the revenue Weatherford International plc broke down this way in fiscal 2025.

  1. Service$3.0B561%down 12% from 2024
  2. Product$1.9B539%down 9% from 2024
Products and services by year
Products and services202320242025
Service$3.2B$3.4B$3.0B
Product$2.0B$2.1B$1.9B

Business segments

Well Construction And Completion brought in 41% of the revenue Weatherford International plc broke down this way in fiscal 2025.

  1. Well Construction And Completion$1.9B541%down 5% from 2024
  2. Drilling and Evaluation$1.4B530%down 18% from 2024
  3. Production And Intervention$1.3B529%down 8% from 2024
Business segments by year
Business segments202320242025
Well Construction And Completion$1.8B$2.0B$1.9B
Drilling and Evaluation$1.5B$1.7B$1.4B
Production And Intervention$1.5B$1.5B$1.3B

Regions

Middle East North Africa Asia brought in 43% of the revenue Weatherford International plc broke down this way in fiscal 2025.

  1. Middle East North Africa Asia$2.1B543%down 0% from 2024
  2. North America$983.0M520%down 6% from 2024
  3. Europe, Sub-Sahara Africa, Russia$921.0M519%down 3% from 2024
  4. Latin America$898.0M518%down 36% from 2024
Regions by year
Regions202320242025
Middle East North Africa Asia$1.8B$2.1B$2.1B
North America$1.1B$1.0B$983.0M
Europe, Sub-Sahara Africa, Russia$865.0M$951.0M$921.0M
Latin America$1.4B$1.4B$898.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Research and development2¢$108.0M
  • Other costs87¢$4.3B
  • Income tax2¢$97.0M
  • Profit9¢$431.0M

Out of $4.9B in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending33¢$226.0M
  • Dividends paid11¢$72.0M
  • Share buybacks15¢$101.0M
  • Kept or used elsewhere41¢$277.0M

Out of $676.0M of cash from operations.5

Financial statements

Revenue675$4.9B in 2025−1% since 2019
0$2.0B$4.0B$6.0B2019: $5.0B$5.0B20192020: $3.7B$3.7B2020−26%2021: $3.6B$3.6B2021−1%2022: $4.3B$4.3B2022+19%2023: $5.1B$5.1B2023+19%2024: $5.5B$5.5B2024+7%2025: $4.9B$4.9B2025−11%
Operating income879105$756.0M in 2025
-$2.0B-$1.0B0$1.0B2019: -$1.2B-$1.2B20192020: -$1.5B-$1.5B2020+26%2021: $116.0M$116.0M20212022: $412.0M$412.0M2022+255%2023: $820.0M$820.0M2023+99%2024: $938.0M$938.0M2024+14%2025: $756.0M$756.0M2025−19%
Net income679105$431.0M in 2025−88% since 2019
-$2.0B0$2.0B$4.0B2019: $3.7B$3.7B20192020: -$1.9B-$1.9B20202021: -$450.0M-$450.0M2021−77%2022: $26.0M$26.0M20222023: $417.0M$417.0M2023+1504%2024: $506.0M$506.0M2024+21%2025: $431.0M$431.0M2025−15%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Revenue$4.9B$5.5B$5.1B
Research and Development$108.0M$123.0M$112.0M
Selling, General and Administrative$664.0M$791.0M$804.0M
Gain on Sale of Business-$70.0M$0-$2.0M
Restructuring Charges$58.0M$42.0M$16.0M
Other Charges (Credits), Net$18.0M$14.0M-$10.0M
Total Costs and Expenses$4.2B$4.6B$4.3B
Operating Income$756.0M$938.0M$820.0M
Interest Expense, Net of Interest Income of $46, $56 and $59-$91.0M-$102.0M-$123.0M
Loss on Extinguishment of Debt and Bond Redemption Premium-$39.0M-$9.0M-$5.0M
Loss on Blue Chip Swap Securities-$2.0M-$10.0M-$57.0M
Other Expense, Net-$70.0M-$78.0M-$129.0M
Income Before Income Taxes$554.0M$739.0M$506.0M
Income Tax Provision-$97.0M-$189.0M-$57.0M
Net Income$457.0M$550.0M$449.0M
Net Income Attributable to Noncontrolling Interests$26.0M$44.0M$32.0M
Net Income Attributable to Weatherford$431.0M$506.0M$417.0M
Basic Income Per Share Attributable to Weatherford (in dollars per share)$5.96$6.93$5.79
Basic Weighted Average Shares Outstanding (in shares)72.2M shares73.0M shares71.9M shares
Diluted Income Per Share Attributable to Weatherford (in dollars per share)$5.93$6.75$5.66
Diluted Weighted Average Shares Outstanding (in shares)72.6M shares74.9M shares73.6M shares
Interest income$46.0M$56.0M$59.0M

Compare Weatherford International plc with another company

Corporate structure

Weatherford International plc sits at the top of its group. 22 entities, 18 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Weatherford International plc

  • Weatherford International plc Houston, Texas
    • PD Oilfield Services Mexicana, S. de R.L. de C.V. Subsidiary · Mexico
    • Weatherford Al-Rushaid Co. Ltd. Subsidiary · Saudi Arabia
    • Weatherford Artificial Lift Systems, LLC Subsidiary · Delaware, United States
    • Weatherford Australia Pty. Ltd. Subsidiary · Australia
    • Weatherford Bin Hamoodah L.L.C. Subsidiary · United Arab Emirates
    • Weatherford Canada Ltd. Subsidiary · Canada
    • Weatherford Colombia Ltd. Subsidiary · Colombia
    • Weatherford Energy Services Saudi Arabia Co. Ltd. Subsidiary · Saudi Arabia
    • Weatherford Industria e Comercio Ltda. Subsidiary · Brazil
    • Weatherford International de Argentina S.A. Subsidiary · Argentina
    • Weatherford KSP Company Limited Subsidiary · Thailand
    • Weatherford Norge AS Subsidiary · Norway
    • Weatherford Oil Tool Middle East Limited Subsidiary · British Virgin Islands
    • Weatherford Oilfield Services Spain, S.L. Subsidiary · Spain
    • Weatherford Products GmbH Subsidiary · Switzerland
    • Weatherford Services, Ltd. Subsidiary · Bermuda
    • Weatherford U.K. Limited Subsidiary · United Kingdom
    • Weatherford U.S., L.P. Subsidiary · Louisiana, United States
    • Weatherford Well Services L.L.C. Subsidiary · Qatar
    • Weatherford Worldwide Holdings GmbH Subsidiary · Switzerland
    • Weatherford, LLC Subsidiary · Russia

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Weatherford International plc reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$2.3B5 Dec 31, 2025$2.0B5 Dec 31, 2024+13.6%
Accumulated depreciation$1.1B5 Dec 31, 2025$940.0M5 Dec 31, 2024+22.3%
Property and equipment, net$1.1B5 Dec 31, 2025$1.1B5 Dec 31, 2024+5.9%
Operating-lease assets (leased space)$128.0M5 Dec 31, 2025$124.0M5 Dec 31, 2024+3.2%

Real estate and locations

ItemLatestA year beforeChange
Countries it operates in755 Dec 31, 20257510 Dec 31, 20240%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$987.0M5 Dec 31, 2025$916.0M5 Dec 31, 2024+7.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$285.0M5 Dec 31, 2025$325.0M5 Dec 31, 2024−12.3%
Finite-lived intangibles, gross$1.1B5 Dec 31, 2025$1.1B5 Dec 31, 2024−0.4%
Accumulated amortization$828.0M5 Dec 31, 2025$793.0M5 Dec 31, 2024+4.4%

Inventory

ItemLatestA year beforeChange
Inventory, total$836.0M5 Dec 31, 2025$880.0M5 Dec 31, 2024−5.0%
Finished goods$742.0M5 Dec 31, 2025$778.0M5 Dec 31, 2024−4.6%

Properties, in its own words

We conduct business in approximately 75 countries and have manufacturing facilities, research and technology centers, fluids and processing centers and sales, service and distribution locations throughout the world. Our principal executive offices are in Houston, Texas, U.S. We own or lease numerous other facilities such as service centers, shops, sales and administrative offices throughout the geographic regions in which we operate. The major service centers where we support our segment operations are located in Dhahran, Saudi Arabia; Abu Dhabi, United Arab Emirates; Mina Abdulla, Kuwait; Nimr, Oman; Neuquen, Argentina; Al Khobar, Saudi Arabia; Odessa, Texas, U.S.; Doha, Qatar; Broussard, Louisiana, U.S.; and Villavicencio, Colombia. We operate research and technology centers in Houston, Texas, U.S.; Loughborough, United Kingdom; and Mumbai, India and have major manufacturing centers in JiangSu, China; Abu Dhabi, United Arab Emirates; Huntsville, Texas, U.S. and Vadodara, India.

All of our owned material real property located in the U.S. and Canada are mortgaged to the lenders under our Credit Agreement. Our remaining owned real property is unencumbered under the Credit Agreement; however, the lenders could require we mortgage certain owned real property located in the U.S., Canada and the United Kingdom if any such real property were to exceed the materiality threshold specified in the Credit Agreement. We believe the facilities that we currently occupy are suitable for their intended use.

Item 2 of the 10-K filed Feb 4, 2026.4

Leadership

Who has led Weatherford International plc, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (39)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • PD Oilfield Services Mexicana, S. de R.L. de C.V. Mexico3
  • Weatherford Al-Rushaid Co. Ltd. Saudi Arabia3
  • Weatherford Artificial Lift Systems, LLC Delaware3
  • Weatherford Australia Pty. Ltd. Australia3
  • Weatherford Bin Hamoodah L.L.C. United Arab Emirates3
  • Weatherford Canada Ltd. Canada3
  • Weatherford Colombia Ltd. Colombia3
  • Weatherford Energy Services Saudi Arabia Co. Ltd. Saudi Arabia3
  • Weatherford Industria e Comercio Ltda. Brazil3
  • Weatherford International Ltd. Bermuda3
  • Weatherford International de Argentina S.A. Argentina3
  • Weatherford International, LLC Delaware3
  • Weatherford KSP Company Limited Thailand3
  • Weatherford Norge AS Norway3
  • Weatherford Oil Tool Middle East Limited British Virgin Islands3
  • Weatherford Oilfield Services Spain, S.L. Spain3
  • Weatherford Products GmbH Switzerland3
  • Weatherford Services, Ltd. Bermuda3
  • Weatherford U.K. Limited England3
  • Weatherford U.S., L.P. Louisiana3
  • Weatherford Well Services L.L.C. Qatar3
  • Weatherford Worldwide Holdings GmbH Switzerland3
  • Weatherford, LLC Russia3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Weatherford International LtdApr 2, 2014 to Jun 19, 20142

Timeline

  1. Sep 4, 20268-K Executive or director change66
  2. Sep 3, 20268-K Shareholder vote; Other events67
  3. Sep 1, 20268-K Other events68
  4. Jul 21, 20268-K Results of operations69
  5. Jun 11, 20268-K Executive or director change; Shareholder vote70
  6. Jun 1, 20268-K Unregistered sale of shares71
  7. Apr 21, 20268-K Results of operations72
  8. Apr 2, 20268-K Other events73
  9. Feb 3, 20268-K Results of operations74
  10. Jan 27, 20268-K Other events75
  11. Oct 21, 20258-K Results of operations; Regulation FD disclosure; Other events76
  12. Oct 6, 20258-K Other events77
  13. Jun 10, 2021New chief executive Girish Saligram becomes CEO14
  14. Apr 25, 2017New chief executive Mark A. McCollum becomes CEO16
  15. Jan 18, 2017New chief executive Krishna Shivram becomes CEO15
  16. Jul 2, 2014New chief executive Bernard J. Duroc-Danner becomes CEO17

Calendar

When it reported results

  1. Jul 21, 2026Reported quarterly or annual results69
  2. Apr 21, 2026Reported quarterly or annual results72
  3. Feb 3, 2026Reported quarterly or annual results74
  4. Oct 21, 2025Reported quarterly or annual results76
  5. Jul 22, 2025Reported quarterly or annual results78
  6. Apr 22, 2025Reported quarterly or annual results79
  7. Feb 5, 2025Reported quarterly or annual results80
  8. Oct 22, 2024Reported quarterly or annual results81

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

367 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 57 major events, 163 insider forms, 47 large holders, 80 other. The latest 20:

  1. Sep 4, 20268-K EDGAR
  2. Sep 3, 20268-K EDGAR
  3. Sep 1, 2026S-8 EDGAR
  4. Sep 1, 20268-K EDGAR
  5. Sep 1, 2026424B7 EDGAR
  6. Aug 12, 20264 EDGAR
  7. Aug 10, 2026144 EDGAR
  8. Jul 27, 20264 EDGAR
  9. Jul 27, 2026144 EDGAR
  10. Jul 27, 20264 EDGAR
  11. Jul 23, 2026144 EDGAR
  12. Jul 22, 202610-Q EDGAR
  13. Jul 22, 2026424B3 EDGAR
  14. Jul 21, 2026EFFECT EDGAR
  15. Jul 21, 20268-K EDGAR
  16. Jul 17, 2026S-4/A EDGAR
  17. Jul 13, 2026DEF 14A EDGAR
  18. Jul 6, 2026S-4 EDGAR
  19. Jun 30, 2026PRE 14A EDGAR
  20. Jun 11, 20268-K EDGAR

The 367 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

35 open-market trades by officers, directors and large owners since October 2021: 1 buys and 34 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 10, 2026Mutschler Jacqueline CDirectorSale4,094$90.50$370.5KForm 4
Jul 23, 2026Duster BenjaminDirectorSale6,000$86.09$516.5KForm 4
Jul 23, 2026GOLDMAN NEAL PDirectorSale16,000$84.84$1.4MForm 4
Feb 9, 2026Mills Desmond JSVP & Chief Accounting OfficerSale5,000$104.19$521.0KForm 4
Feb 9, 2026SLEDGE CHARLES MDirectorSale2,204$104.69$230.7KForm 4
Feb 6, 2026Mills Desmond JSVP & Chief Accounting OfficerSale5,118$105.70$541.0KForm 4
Feb 6, 2026Saligram GirishPresident and CEOSale100,000$105.50$10.5MForm 4
Feb 6, 2026Weatherholt Scott CEVP, GC & CCOSale37,825$105.49$4.0MForm 4
Dec 5, 2025Ruzicka KristinEVP Chief HR & SustainabilitySale2,129$77.25$164.5KForm 4
Apr 24, 2025GOLDMAN NEAL PDirectorBuy12,000$42.05$504.6KForm 4
Feb 7, 2025Sandhu DepinderEVP, Global Product LinesSale14,000$66.41$929.7KForm 4
Feb 7, 2025Mitra ArunavaEVP and CFOSale10,000$67.57$675.7KForm 4
Feb 7, 2025Mills Desmond JSVP & Chief Accounting OfficerSale19,425$67.51$1.3MForm 4
Jan 29, 2025Weatherholt Scott CEVP, GC & CCOSale44,505$66.17$2.9MForm 4
Jan 6, 2025Reed David JohnEVP, Chief Commercial OfficerSale4,762$72.66$346.0KForm 4
Oct 25, 2024Mills Desmond JSVP & Chief Accounting OfficerSale6,531$79.86$521.6KForm 4
Sep 5, 2024Reed David JohnEVP, Chief Commercial OfficerSale6,805$93.96$639.4KForm 4
Apr 25, 2024SLEDGE CHARLES MDirectorSale10,000$123.47$1.2MForm 4
Feb 21, 2024Saligram GirishPresident and CEOSale60,000$103.57$6.2MForm 4
Feb 15, 2024Sandhu DepinderEVP, Global Product LinesSale4,717$100.96$476.2KForm 4

All 35 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Weatherford International plc is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARWeatherford International plc1
  • CIK0001603923
  • Employer ID (EIN)98-06067504
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inIreland4
  • Fiscal year endsDecember 311
  • Industry code (SIC)3533 Oil & Gas Field Machinery & Equipment1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address2000 St. James Place, Houston, TX 770561
  • Mailing address70 Sir John Rogerson'S Quay, Dublin, Ireland1
  • Phone713.836.40001
  • Shares outstanding71,685,443 as of Jul 16, 202612
  • Public float$2.7B as of Jun 30, 20254
  • AuditorKPMG LLP, Houston, TX PCAOB ID 185; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceApr 2, 20141
  • Filings1,002 in all: 4 (415), 8-K (196), SC 13G/A (64), 3 (42), 10-Q (37), 144 (35), SC 13G (27), S-8 POS (17)1
    All 47 form types

    DEFA14A (15), DEF 14A (13), 10-K (12), SD (12), CORRESP (11), SCHEDULE 13G/A (9), UPLOAD (8), T-3/A (7), EFFECT (6), PRE 14A (6), S-8 (6), 424B2 (5), 424B5 (5), 424B3 (4), 424B7 (4), ARS (4), S-4 (4), SCHEDULE 13G (4), 11-K (3), 425 (3), FWP (3), 10-12B/A (2), 144/A (2), POSASR (2), S-3/A (2), S-3ASR (2), S-4/A (2), T-3 (2), 10-12B (1), 10-K/A (1), 25-NSE (1), 4/A (1), 5 (1), 8-K/A (1), 8-K12B (1), CERT (1), POS AM (1), S-3 (1), SEC STAFF ACTION (1)

  • Latest filingsAnnual report (10-K) Feb 4, 2026
    Quarterly report (10-Q) Jul 22, 2026
    Proxy statement (DEF 14A) Jul 13, 2026
    Latest 8-K (8-K) Sep 4, 2026

Risk factors and legal proceedings

The risks Weatherford International plc names in Item 1A of its 10-K filed Feb 4, 2026: 30 risks under these headings, as written.4

  • Energy Services Industry Risks
  • Our business is dependent on capital spending by our customers which is greatly affected by fluctuations in oil and natural gas prices and the availability and cost of capital; reductions in capital spending by our customers has had, and could continue to have, an adverse effect on our business, financial condition and results of operations.
  • Our fulfillment system relies on a global network of external suppliers and service providers, which may be impacted by macroeconomic conditions, and geopolitical conflict and instability. Shortages, supplier capacity constraints, supplier production disruptions, supplier quality and sourcing issues or price increases could have a material adverse effect on our business, financial condition and results of operations.
  • Climate change, environmental, social and governance (“ESG”) and other sustainability initiatives may result in regulatory or structural industry changes that could require significant operational changes and expenditures, reduce demand for our products and services and adversely affect our business, financial condition, results of operations, stock price or access to capital markets.
  • Failure to effectively and timely address the need to operate more sustainably and with a lower carbon footprint and impact could adversely affect our business, results of operations and cash flows.
  • Failure to effectively and timely address the energy transition could materially adversely affect our business, financial condition and results of operations.
  • Severe weather, including extreme weather conditions and unusual wildfires, has in the past, and could in the future, adversely affect our business and results of operations.
  • Liability claims resulting from catastrophic incidents could have a material adverse effect on our business, financial condition and results of operations.
  • Consolidation in our industry may impact our results of operations.
  • Business and Operational Risks
  • A significant portion of our revenue is derived from our operations outside the U.S., which exposes us to risks inherent in doing business in each of the approximately 75 countries in which we operate.
  • Changes in trade policy and uncertainties related to tariffs could adversely affect our business.
The other 20 risks
  • A concentration of our accounts receivable was related to one customer and significant changes to the demand or health of the customer could adversely impact our consolidated results of operations, financial condition and statements of cashflows.
  • Our business could be negatively affected by cybersecurity incidents and other technology disruptions.
  • A pandemic could significantly weaken demand for our products and services and have a substantial negative impact on our business, financial condition, results of operations and cash flows.
  • Our business is dependent upon our ability to efficiently and effectively deliver for our customers. As such, we are subject to risks associated with cost over-runs, operating cost inflation, supply chain disruptions, inventory management, labor availability, supplier and contractor pricing and performance, and our need to continually improve and invest in our people, processes and systems. Our inability to efficiently and effectively mitigate these risks, or our inability to make timely investments could have an adverse effect on our business, financial condition and results of operations.
  • Our operational and financial growth, in part, is dependent upon our ability to meet our liquidity requirements and the adequacy of our capital resources.
  • We may not be fully indemnified against financial losses in all circumstances where damage to or loss of property, personal injury, death or environmental harm occur.
  • Our indebtedness and liabilities could limit cash flow available for our operations, expose us to risks that could adversely affect our business, financial condition and results of operations.
  • Our business may be exposed to uninsured claims and, as a result, litigation might result in significant potential losses. The cost of our insured risk management program may increase.
  • The terms of our indebtedness may restrict our current and future operations, particularly our ability to respond to changes or to pursue our business strategies.
  • Failure to attract, retain and develop qualified personnel could impede our operations.
  • Failure to make timely investments in technology and to utilize artificial intelligence appropriately and safely could adversely affect our ability to successfully compete with other companies in our industry, and challenges with properly managing such technologies could result in reputational harm and legal liability that could adversely affect our business, financial condition or results of operations.
  • There may be circumstances that adversely affect our ability to declare and pay dividends or repurchase shares.
  • Our acquisitions may not result in anticipated benefits and may present risks not originally contemplated, which may have an adverse affect on our business.
  • Legal, Tax and Regulatory Risks
  • Our operations are subject to numerous current and future social and governance related legislative and regulatory measures both globally and in the specific geographic regions in which we and our customers operate, including treaties and international agreements related to “sustainability” initiatives like greenhouse gases, climate change and renewable energy sources. Our ability to comply with, and respond to current and future changes may expose us to significant liabilities, result in additional compliance costs and could reduce our business opportunities and revenues.
  • Our environmental, social and governance commitments and disclosures may expose us to reputational risks and legal liability.
  • Adverse changes in tax laws both in the U.S. and abroad, changes in tax rates or exposure to additional income tax liabilities could have a material adverse effect on our results of operations.
  • The United States could treat Weatherford International plc (our parent corporation) as a United States taxpayer under IRC Section 7874.
  • The rights of our shareholders are governed by Irish law; Irish law differs from the laws in effect in the United States and may afford less protection and increased obligations to holders of our securities.
  • We are incorporated in Ireland and a significant portion of our assets are located outside the United States. As a result, it might not be possible for shareholders to enforce civil liability provisions of the federal or state securities laws of the United States.
  • General Risks
  • A failure of our information systems, including the implementation of our new enterprise resource planning system, or other issues with our systems could have a material adverse affect on our business, financial condition, results of operations and cash flows and could adversely impact the effectiveness of our internal control over financial reporting.

Legal proceedings

In the ordinary course of business, we are the subject of various claims and litigation. We maintain insurance to cover many of our potential losses, and we are subject to various self-retention limits and deductibles with respect to our insurance. Please see the following:

•If we are the subject of governmental and internal investigations related to alleged misconduct and violations of U.S. or international laws in the future, it could have a material adverse effect on our business, financial condition and results of operations. For additional information, see Item 1A. Risk Factors- Legal, Tax and Regulatory Risks.

•See also “Item 1. Business” and “Item 8. Financial Statements and Supplementary Data – Notes to Consolidated Financial Statements – Note 13 – Disputes, Litigation and Legal Contingencies.”

It is possible that an unexpected judgment could be rendered against us, or we could decide to resolve a case or cases that would result in a liability that could be uninsured and beyond the amounts we currently have reserved and in some cases those losses could be material.

The opening of Item 3, Legal Proceedings.4

Sources

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  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64
  65. 65
  66. 66
  67. 67
  68. 68
    SEC EDGAROther events
  69. 69
  70. 70
  71. 71
  72. 72
  73. 73
    SEC EDGAROther events
  74. 74
  75. 75
    SEC EDGAROther events
  76. 76
  77. 77
    SEC EDGAROther events
  78. 78
  79. 79
  80. 80
  81. 81
  82. 82
  83. 83
  84. 84
  85. 85
  86. 86
  87. 87
  88. 88
  89. 89
  90. 90
  91. 91
  92. 92
  93. 93
  94. 94
  95. 95