Working together as One Weatherford
This is an exciting new chapter of our Company and one we could not have reached without the dedication and hard work of each member of our One Weatherford team. Their collective spirit and accomplishments have laid a solid foundation for our continued progress. We are incredibly proud of and grateful to our 17,700 team members working across approximately 75 countries and 345 operating locations to deliver innovative energy services for our customers and our industry. The following sections highlight the passion, dedication, and positive impact made by our team over the past year.
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 following elements of our culture guide our path and ensure we remain true to our course along the way.
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.
Producing energy for today and tomorrow.
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
Individually, we are impressive. Together, we are unstoppable. We are One Weatherford. 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.
Our Core Values
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.
We operate with integrity, enable our people and teams to be successful, and are true to our word.
We are driven to deliver advancements that propel our Company, industry, and customers forward.
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
We are committed to fostering an environment that is diverse, equitable, and inclusive – where all opinions are respected and valued. We have developed several objectives across our Diversity, Equity, and Inclusion (DE&I) program, including:
- 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 employee resource groups (ERGs).
We believe change happens when we all make individual efforts collectively. We will continue evaluating our policies and programs to ensure that we systemically support our diverse communities and encourage inclusive behaviors and practices across our Company.
The following include examples of our DE&I commitment in action.
Unconscious Bias Awareness Training
In 2022, we continued to offer Unconscious Bias Awareness Training to our managers and supervisors across the globe. The training is designed to bring awareness to unconscious biases that we may carry and ensure our leaders remain aware of the potential issues so they can actively manage against them.
Employee resource groups
Our ERGs are designed to provide opportunities for employees to network, share experiences, and give back to our communities. We are proud of the impact they continued to make in 2022 to advance our DE&I strategy. Below are a few examples of their commitment in action.
Our Women of Weatherford (WOW) ERG hosted events across our Geozones to foster engagement, celebrate International Women’s Day, and shine a light on important topics such as Breast Cancer Awareness.
The Emerging Professionals Network (EPN) hosted opportunities for employees to connect, gain advice from members of leadership, and give back to our communities.
The EveryONE network gathered team members and their families to walk in the Calgary Pride Parade in support of the LGBTQ+ community.
DE&I Champions Network
We also have a DE&I Champions Network who are committed to building, educating, and promoting ongoing DE&I initiatives and events in a way that best aligns with local considerations. Each of our DE&I Champions participates in a train-the-trainer program that enables them to increase their personal DE&I awareness and support the delivery of Unconscious Bias Awareness Training in their area. They also work closely with HR to ensure our policies promote DE&I principles, and they serve as the focal point for topics and questions about DE&I from employees in their region. We are proud to have DE&I Champions across each of our Geozones upholding our best practices and providing recommendations to further strengthen our program.
We are committed to creating a positive work environment, promoting open communication, and offering opportunities for career development. We believe in recognizing and rewarding employees for their contributions and connecting our One Weatherford team to the Company’s strategy to create a sense of shared purpose. The following examples provide insight into our commitment to employee engagement.
Our Culture Messaging
In 2022, we involved team members from across the organization in creating our Company’s Mission, Vision, and Core Values. This was done through a series of surveys and workshops to ensure the messaging we created was reflective of our One Weatherford team.
CEO Awards Program
We launched a CEO Awards program to recognize 2021 performance and support our team’s accomplishments from the previous year. The recipients were nominated by leaders across our Company for their outstanding achievements and the ways in which they help strengthen our organization and culture.
Celebration Of Innovators
We are incredibly proud of our talented team and gathered to celebrate the Innovators at Weatherford. Their passion and creativity inspire the innovation that is central to who we are and how we do business. Because of their courage to envision and create better solutions, we can serve the needs of our customers and create value in every operation.
Career Development Opportunities
We offer several talent programs to provide our team members with opportunities to expand their skillsets and develop as leaders. For example, in 2022 we launched the Leadership Essentials Program which is designed to immerse emerging leadership in an environment where foundational leadership training can be cultivated and developed. We also regularly engage with managers to provide them the tools and resources needed to successfully lead their teams.
Our NextGen global leadership development program accelerates the development of defined competencies and skillsets to prepare employees for future leadership positions. Through this program, employees gain exposure to global operations, cultivate critical leadership skills, and participate in robust technical and non-technical training and development activities.
We are committed to offering cross-training and multi-skilling opportunities for our team. This enables us to develop common skillsets between multiple product lines, which inherently drives more efficiency and better support across our organization. Importantly, it also allows us to provide more career development opportunities to our One Weatherford team. By gaining exposure to more product lines and developing a deeper understanding of our business, they have the potential to unlock new career opportunities and further their knowledge while making a positive impact on our overall performance.
We are also pleased to offer a 10-week internship experience focused on building future talent, business, and professional skills. The program launched in 2021 and is currently offered in the United States and the Middle East, with plans to expand to additional markets. Students engage in a hands-on learning experience, receive mentorship and coaching, and have the opportunity to present to our Executive Leadership Team upon the conclusion of their internship. We look forward to welcoming more interns to the program this year.
Through role-specific competency-based training and leadership development programs, we seek to expand our employees’ skillsets and regularly reinforce important topics that align with our Core Values and strategic priorities.
We have several mechanisms in place to ensure employees have a voice, including an employee communications app – which allows any employee to contribute content – and through regular global and local townhall meetings where there are opportunities to ask our Executive Leadership Team questions. In addition, we focus on sharing knowledge and fostering collaboration within the organization by communicating regularly with employees. For example, last year we produced videos and podcasts on topics such as corporate strategy, sustainability, safety, financial performance, and our culture.
Our Executive Leadership Team also prioritizes spending time with our One Weatherford team to listen to their feedback and address questions through frequent site visits across our operating locations. It is important to us that every member of the One Weatherford team feels valued and connected to our Company’s strategy.
We are focused on fostering a strong sense of community inside and outside of our organization. For example, our annual One Weatherford Week celebrates the hard work of every single employee who makes us One Weatherford. While we formally celebrate this once a year, we encourage our teams to carry this spirit forward and find regular opportunities to connect.
Across the globe, our employees give back to organizations who need support in terms of donated items, volunteered time, and financial giving. For example, our team in Canada participates in an annual radiothon to support a local hospital, and our offices across the Latin America and Europe and Africa regions donate time and resources to orphanages, hospitals, and schools to support children and their families. In the United States, we continue to raise funds and awareness to find a cure for Multiple Sclerosis (“MS”) through the MS Society and through our annual Weatherford Walks event, we raised more than $400,000 benefiting a number of local organizations.
For the past eight 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 One Weatherford team.
This year, we sought photos and videos demonstrating our colleagues’ pride in working for Weatherford, celebrating our team’s diversity and spirit, and highlighting our technology’s value.
With 275 entries from our global network of employees, selecting the winners was a difficult task. We narrowed the entries down to the top nine photos and the top three videos. Then, our employees helped us select the winners by casting almost 2,000 votes.
The winning image this year was captured by Mario Verdecchia, Field Operator. His photo was taken in Italy and represents our passion and positive outlook for delivering excellence.
Harri Firmansyah, R&M Specialist III, in Queensland, Australia, captured the winning video. His “Daily Life” video showcases the daily operations and value our teams create.
Video Contest Winner
We are proud to share the creativity of our employees with you.