Page 1

Weatherford ® Weatherford Announces First - Quarter 2021 Results Exhibit 99.1 News Release • Revenues of $ 832 million decreased 1 % sequentially , with 4 % decline internationally offset by 6 % growth in North America • • Operating loss totaled $ 13 million and adjusted EBITDA [ 1 ] totaled $ 102 million • • Cash provided by operating activities totaled $ 74 million and free cash flow [ 1 ] totaled $ 70 million Total cash increased $ 58 million from the prior quarter and ended at $ 1.3 billion [ 2 ] Registration documents submitted and application filed for listing on the NASDAQ stock exchange , with completion expected before the end of the second quarter of 2021