Weatherford International PLC 2016 AR2
The report highlights Weatherford's strategic transition during a significant industry downturn in 2016, focusing on cost reduction and organizational efficiency. Key achievements include reaching the best safety record in company history, reducing nonproductive time by 21%, and achieving annualized cost savings of $600 million. The company launched a formal Sustainability Committee and maintained inclusion in major sustainability indices like MSCI and Euronext Vigeo. Technological advancements were showcased in well construction and production optimization, alongside a commitment to diversity through the NextGen leadership development program.
Company: Weatherford International PLC
Sector: Energy
Country: United States
Year: 2016
Type: AR2
Pages: 136
Weatherford International PLC
Annual Report
The report highlights Weatherford's strategic transition during a significant industry downturn in 2016, focusing on cost reduction and organizational efficiency. Key achievements include reaching the best safety record in company history, reducing nonproductive time by 21%, and achieving annualized cost savings of $600 million. The company launched a formal Sustainability Committee and maintained inclusion in major sustainability indices like MSCI and Euronext Vigeo. Technological advancements were showcased in well construction and production optimization, alongside a commitment to diversity through the NextGen leadership development program.
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Document Details
Report Year
2016
Reporting Period
2016
Fiscal Year
2016
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Other Standards
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Total Waste