Weatherford International Ltd.

EANS-Adhoc: Weatherford Reports Second Quarter Results

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  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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3-month report

26.07.2011

International improvements drive earnings of $0.17 per diluted share, before
items

GENEVA, Switzerland, July 26, 2011 -- Weatherford International Ltd. (NYSE and
SIX: WFT) today reported second quarter 2011 income of $126 million, or $0.17
per diluted share, excluding an after-tax loss of $16 million.  On a GAAP
basis, our net income for the second quarter of 2011 was $110 million, or $0.15
per diluted share. The excluded after-tax loss is comprised of $13 million in
severance and exit charges and $3 million in government investigation costs.

end of ad-hoc-announcement
================================================================================
(Logo:  http://photos.prnewswire.com/prnh/19990308/WEATHERFORDLOGO)

Second quarter diluted earnings per share reflect an increase of $0.09 over the
second quarter of 2010 diluted earnings per share of $0.08, before charges.
Sequentially, the company's second quarter diluted earnings per share, before
charges, were $0.07 higher than the first quarter of 2011.  International
markets drove the entire sequential improvement in both revenue and
profitability.

Second quarter revenues of $3,052 million were the highest in the company's
history, despite the severe negative impact of Canada's spring break-up.
Revenues were 25 percent higher than the same period last year and seven
percent higher than the prior quarter.  International revenues were up 14
percent sequentially and up 12 percent versus the year ago quarter. North
America revenue was down one percent sequentially and up 46 percent versus the
second quarter of 2010.  The sequential decline in North America was due to the
severe impact of the Canadian break-up.  The Canadian results overshadowed a
very strong performance in the U.S., where sequential revenue growth outpaced
rig count by more than two-to-one and operating margins expanded.

Segment operating income of $421 million improved 36 percent year-over-year and
19 percent sequentially.  The company's international operations provided all
of the sequential growth compared to the first quarter of 2011 and delivered 51
percent incremental margins.  International operating income was down three
percent compared to the year ago quarter.

The company expects earnings per share before excluded items of approximately
$0.24 to $0.26 in the third quarter of 2011, supported by a seasonal recovery
in Canada and steady improvement in the U.S. and international markets.  For
full-year 2011, the company anticipates that revenue growth will be
approximately 25 percent, which is higher than the 20 percent growth rate
estimated last quarter.  In addition, the company expects international margins
in the fourth quarter of 2011 to be meaningfully higher than full-year 2010
margins of 11 percent.


North America

Revenues for the quarter were $1,344 million, which is a 46 percent increase
over the same quarter in the prior year and down one percent sequentially.  The
Stimulation and Chemicals, Artificial Lift and Well Construction product lines
contributed strong results for the quarter.

The current quarter's operating income was $244 million, up $117 million from
the second quarter of 2010 and was down $40 million, or 14 percent, compared to
the prior quarter. On a sequential basis, strong growth and steadily expanding
margins in the U.S. were offset by the impact of the Canadian break-up.

Middle East/North Africa/Asia

Second quarter revenues of $617 million were two percent higher than the second
quarter of 2010 and seven percent higher than the prior quarter. Weather
improvements in China and Australia and a stronger Iraq helped offset the
impact of a full quarter of reduced activity due to political unrest in the
Middle East and North Africa.  Libya operating expenses cost almost $0.01 per
share.  The Well Construction, Integrated Drilling and Artificial Lift product
lines posted strong sequential performances.

The current quarter's operating income of $34 million decreased 54 percent as
compared to the same quarter in the prior year and increased $23 million
compared to the first quarter of 2011.

Europe/West Africa/FSU

Second quarter revenues of $592 million were 17 percent higher than the second
quarter of 2010 and 16 percent higher than the prior quarter.  The region had
strong performances in the North Sea, Russia and Caspian as the winter
seasonality abated. The Completion, Stimulation and Chemicals, Drilling
Services and Integrated Drilling product lines had the strongest sequential
growth.

The current quarter's operating income of $93 million was up 37 percent
compared to the same quarter in the prior year and up $55 million compared to
the prior quarter.

Latin America

Second quarter revenues of $498 million were 21 percent higher than both the
second quarter of 2010 and the first quarter of 2011.  Argentina, Colombia and
Venezuela posted strong sequential performances.  The Drilling Services,
Stimulation and Chemicals and Artificial Lift product lines benefited from
improved demand.

The current quarter's operating income of $51 million increased 22 percent as
compared to the same quarter in the prior year and increased $30 million
compared to the prior quarter.

Liquidity and Net Debt

Net debt for the quarter increased $144 million, with working capital
increasing $193 million during the quarter. Recently, the company successfully
renegotiated its unsecured revolving credit facility to increase the size of
the facility from $1.75 billion to $2.25 billion and extend the scheduled
maturity to July 16, 2016.

Reclassifications and Non-GAAP

Non-GAAP performance measures and corresponding reconciliations to GAAP
financial measures have been provided for meaningful comparisons between
current results and results in prior operating periods.

Conference Call

The company will host a conference call with financial analysts to discuss the
2011 second quarter results on July 26, 2011 at 7:00 a.m. (CDT).  The company
invites investors to listen to a play back of the conference call and to access
the call transcript at the company's website, http://www.weatherford.com in the
"investor relations" section.

Weatherford is a Swiss-based, multi-national oilfield service company.  It is
one of the largest global providers of innovative mechanical solutions,
technology and services for the drilling and production sectors of the oil and
gas industry. Weatherford operates in over 100 countries and employs over
58,000 people worldwide.



    Contacts:     Andrew P. Becnel                +41-22-816-1502
                  Chief Financial Officer

                  Karen David-Green               +1-713-693-2530
                   Vice President - Investor Relations


This press release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995 concerning, among other
things, Weatherford's prospects for its operations which are subject to certain
risks, uncertainties and assumptions.  These risks and uncertainties, which are
more fully described in Weatherford International Ltd.'s reports and
registration statements filed with the SEC, include the impact of oil and
natural gas prices and worldwide economic conditions on drilling activity, the
outcome of pending government investigations, the demand for and pricing of
Weatherford's products and services, domestic and international economic and
regulatory conditions and changes in tax and other laws affecting our business.
 Should one or more of these risks or uncertainties materialize, or should the
assumptions prove incorrect, actual results may vary materially from those
currently anticipated.




                                       Weatherford International Ltd.
                                Consolidated Condensed Statements of Income
                                                (Unaudited)
                                  (In Thousands, Except Per Share Amounts)



                                                        Three Months
                                                       Ended June 30,
                                                       --------------
                                                      2011             2010
                                                      ----             ----


    Net Revenues:
        North America                           $1,344,245         $917,696
        Middle East/North Africa/Asia              617,376          602,602
        Europe/West Africa/FSU                     592,458          506,177
        Latin America                              497,735          410,688
                                                 3,051,814        2,437,163
                                                 ---------        ---------

    Operating Income (Expense):
        North America                              243,613          127,001
        Middle East/North Africa/Asia               33,964           73,993
        Europe/West Africa/FSU                      92,511           67,366
        Latin America                               51,081           41,991
        Research and Development                   (62,231)         (53,530)
        Corporate Expenses                         (43,030)         (42,670)
        Revaluation of Contingent Consideration          -          (81,753)
        Severance, Exit and Other Adjustments      (18,693)         (27,309)
                                                   -------          -------
                                                   297,215          105,089

    Other Income (Expense):
        Interest Expense, Net                     (113,684)         (95,719)
        Devaluation of Venezuelan Bolivar                -                -
        Other, Net                                 (22,367)         (14,186)
                                                   -------          -------

    Income (Loss) Before Income Taxes              161,164           (4,816)

    Benefit (Provision) for Income Taxes:
      Provision for Operations                     (48,955)         (42,646)
      Benefit from Devaluation of Venezuelan
       Bolivar                                           -                -
      Benefit from Severance, Exit and Other
       Adjustments                                   2,827            2,888
                                                     -----            -----
                                                   (46,128)         (39,758)

    Net Income (Loss)                              115,036          (44,574)
    Net Income Attributable to Noncontrolling
     Interest                                       (4,938)          (3,316)
                                                    ------           ------
    Net Income (Loss) Attributable to
     Weatherford                                  $110,098         $(47,890)
                                                  ========         ========


    Earnings (Loss) Per Share Attributable to
     Weatherford:
      Basic                                          $0.15           $(0.06)
      Diluted                                        $0.15           $(0.06)

    Weighted Average Shares Outstanding:
      Basic                                        750,539          743,209
      Diluted                                      757,910          743,209


                                                           Six Months
                                                         Ended June 30,
                                                         --------------
                                                      2011              2010
                                                      ----              ----


    Net Revenues:
        North America                           $2,704,717        $1,806,275
        Middle East/North Africa/Asia            1,192,902         1,164,658
        Europe/West Africa/FSU                   1,102,881           959,936
        Latin America                              907,500           837,361
                                                 5,908,000         4,768,230
                                                 ---------         ---------

    Operating Income (Expense):
        North America                              527,310           235,433
        Middle East/North Africa/Asia               44,768           149,707
        Europe/West Africa/FSU                     130,015           113,664
        Latin America                               72,172            68,065
        Research and Development                  (126,778)         (102,387)
        Corporate Expenses                         (98,859)          (87,728)
        Revaluation of Contingent Consideration          -           (92,763)
        Severance, Exit and Other Adjustments      (39,525)          (71,341)
                                                   -------           -------
                                                   509,103           212,650

    Other Income (Expense):
        Interest Expense, Net                     (226,190)         (191,058)
        Devaluation of Venezuelan Bolivar                -           (63,859)
        Other, Net                                 (40,933)          (23,404)
                                                   -------           -------

    Income (Loss) Before Income Taxes              241,980           (65,671)

    Benefit (Provision) for Income Taxes:
      Provision for Operations                     (70,753)          (72,529)
      Benefit from Devaluation of Venezuelan
       Bolivar                                           -            23,973
      Benefit from Severance, Exit and Other
       Adjustments                                   5,348             5,331
                                                     -----             -----
                                                   (65,405)          (43,225)

    Net Income (Loss)                              176,575          (108,896)
    Net Income Attributable to Noncontrolling
     Interest                                       (7,276)           (7,351)
                                                    ------            ------
    Net Income (Loss) Attributable to
     Weatherford                                  $169,299         $(116,247)
                                                  ========         =========


    Earnings (Loss) Per Share Attributable to
     Weatherford:
      Basic                                          $0.23            $(0.16)
      Diluted                                        $0.22            $(0.16)

    Weighted Average Shares Outstanding:
      Basic                                        749,003           740,537
      Diluted                                      757,763           740,537


                              Weatherford International Ltd.
                          Selected Income Statement Information
                                     (Unaudited)
                                   (In Thousands)



                                                Three Months Ended
                                                ------------------
                                        6/30/2011       3/31/2011  12/31/2010
                                        ---------       ---------  ----------

    Net Revenues:
        North America                  $1,344,245      $1,360,472  $1,263,643
        Middle East/North Africa/Asia     617,376         575,526     684,630
        Europe/West Africa/FSU            592,458         510,423     528,380
        Latin America                     497,735         409,765     446,162
                                       $3,051,814      $2,856,186  $2,922,815
                                       ==========      ==========  ==========

    Operating Income (Expense):
        North America                    $243,613        $283,697    $261,145
        Middle East/North Africa/Asia      33,964          10,804      49,222
        Europe/West Africa/FSU             92,511          37,504      64,398
        Latin America                      51,081          21,091      52,960
        Research and Development          (62,231)        (64,547)    (57,637)
        Corporate Expenses                (43,030)        (55,829)    (43,283)
        Revaluation of Contingent
         Consideration                          -               -      15,349
        Severance, Exit and Other
         Adjustments                      (18,693)        (20,832)    (48,775)
                                         $297,215        $211,888    $293,379
                                         ========        ========    ========


                                                 Three Months Ended
                                                 ------------------
                                        6/30/2011       3/31/2011  12/31/2010
                                        ---------       ---------  ----------

    Product Line Revenues
      Stimulation and Chemicals          $544,953        $457,557    $396,241
      Artificial Lift Systems             535,016         443,691     471,276
      Drilling Services                   487,559         474,440     481,687
      Well Construction                   382,077         346,052     362,668
      Integrated Drilling                 316,554         319,661     356,871
      Completion Systems                  248,850         206,760     256,676
      Drilling Tools                      182,956         220,538     211,823
      Wireline and Evaluation Services    160,246         188,778     159,426
      Re-entry and Fishing                159,851         164,274     165,094
      Pipeline & Specialty Services        33,752          34,435      61,053
                                           ------          ------      ------
                                       $3,051,814      $2,856,186  $2,922,815
                                       ==========      ==========  ==========


                                                 Three Months Ended
                                                 ------------------
                                        6/30/2011       3/31/2011  12/31/2010
                                        ---------       ---------  ----------

    Depreciation and Amortization:
      North America                       $88,006         $87,793     $83,996
      Middle East/North Africa/Asia        82,548          81,380      81,596
      Europe/West Africa/FSU               57,696          56,594      53,408
      Latin America                        48,722          46,388      47,377
      Research and Development              2,471           1,964       2,398
      Corporate                             2,725           2,936       3,075
                                            -----           -----       -----
                                         $282,168        $277,055    $271,850
                                         ========        ========    ========


                                         Three Months Ended
                                         ------------------
                                          9/30/2010       6/30/2010
                                          ---------       ---------

    Net Revenues:
        North America                    $1,096,963        $917,696
        Middle East/North Africa/Asia       601,215         602,602
        Europe/West Africa/FSU              496,113         506,177
        Latin America                       335,461         410,688
                                         $2,529,752      $2,437,163
                                         ==========      ==========

    Operating Income (Expense):
        North America                      $199,029        $127,001
        Middle East/North Africa/Asia        65,718          73,993
        Europe/West Africa/FSU               63,236          67,366
        Latin America                        40,914          41,991
        Research and Development            (54,457)        (53,530)
        Corporate Expenses                  (41,907)        (42,670)
        Revaluation of Contingent
         Consideration                       90,011         (81,753)
        Severance, Exit and Other
         Adjustments                        (87,120)        (27,309)
                                           $275,424        $105,089
                                           ========        ========


                                         Three Months Ended
                                         ------------------
                                          9/30/2010       6/30/2010
                                          ---------       ---------

    Product Line Revenues
      Stimulation and Chemicals            $333,630        $330,483
      Artificial Lift Systems               417,464         358,619
      Drilling Services                     428,930         386,592
      Well Construction                     332,118         357,096
      Integrated Drilling                   261,974         317,160
      Completion Systems                    191,559         177,123
      Drilling Tools                        200,555         186,236
      Wireline and Evaluation Services      155,402         129,365
      Re-entry and Fishing                  153,569         148,401
      Pipeline & Specialty Services          54,551          46,088
                                             ------          ------
                                         $2,529,752      $2,437,163
                                         ==========      ==========


                                         Three Months Ended
                                         ------------------
                                          9/30/2010       6/30/2010
                                          ---------       ---------

    Depreciation and Amortization:
      North America                         $81,843         $81,040
      Middle East/North Africa/Asia          75,968          75,139
      Europe/West Africa/FSU                 56,960          52,371
      Latin America                          46,527          44,753
      Research and Development                2,420           2,324
      Corporate                               3,491           2,943
                                              -----           -----
                                           $267,209        $258,570
                                           ========        ========


     We report our financial results in accordance with generally accepted
     accounting principles (GAAP).  However, Weatherford's management
     believes that certain non-GAAP performance measures and ratios may
     provide users of this financial information additional meaningful
     comparisons between current results and results in prior operating
     periods.   One such non-GAAP financial measure we may present from
     time to time is operating income or income from continuing
     operations excluding certain charges or amounts.  This adjusted
     income amount is not a measure of financial performance under GAAP.
     Accordingly, it should not be considered as a substitute for
     operating income, net income or other income data prepared in
     accordance with GAAP.  See the table below for supplemental
     financial data and corresponding reconciliations to GAAP financial
     measures for the three months ended June 30, 2011, March 31, 2011,
     and June 30, 2010 and for the six months ended June 30, 2011 and
     June 30, 2010.  Non-GAAP financial measures should be viewed in
     addition to, and not as an alternative for, the Company's reported
     results prepared in accordance with GAAP.


                    Weatherford International Ltd.
        Reconciliation of GAAP to Non-GAAP Financial Measures
                             (Unaudited)
               (In Thousands, Except Per Share Amounts)



                                           Three Months Ended
                                           ------------------
                            June 30,       March 31,         June 30,
                                 2011            2011             2010
                                 ----            ----             ----

    Operating Income:
      GAAP Operating
       Income                $297,215        $211,888         $105,089
        Severance, Exit and
         Other Adjustments     18,693          20,832           27,309
        Revaluation of
         Contingent
         Consideration              -               -           81,753
                                  ---             ---           ------
      Non-GAAP Operating
       Income                $315,908        $232,720         $214,151
                             ========        ========         ========



    Income (Loss) Before
     Income Taxes:
      GAAP Income (Loss)
       Before Income Taxes   $161,164         $80,816          $(4,816)
        Severance, Exit and
         Other Adjustments     18,693          20,832           27,309
        Revaluation of
         Contingent
         Consideration              -               -           81,753
        Devaluation of
         Venezuelan Bolivar         -               -                -
                                  ---             ---              ---
      Non-GAAP Income
       (Loss) Before
       Income Taxes          $179,857        $101,648         $104,246
                             ========        ========         ========

    Benefit (Provision)
     for Income Taxes:
      GAAP Benefit
       (Provision) for
       Income Taxes          $(46,128)       $(19,277)        $(39,758)
        Devaluation of
         Venezuelan Bolivar         -               -                -
        Severance, Exit and
         Other Adjustments     (2,827)         (2,521)          (2,888)
                               ------          ------           ------
      Non-GAAP Benefit
       (Provision) for
       Income Taxes          $(48,955)       $(21,798)        $(42,646)
                             ========        ========         ========



    Net Income (Loss)
     Attributable to
     Weatherford:
      GAAP Net Income
       (Loss)                $110,098         $59,201         $(47,890)
        Total Charges, net
         of tax                15,866  (a)     18,311  (b)     106,174  (c)
                               ------          ------          -------
      Non-GAAP Net Income    $125,964         $77,512          $58,284
                             ========         =======          =======



    Diluted Earnings
     (Loss) Per Share
     Attributable to
     Weatherford:
      GAAP Diluted
       Earnings (Loss) per
       Share                    $0.15           $0.08           $(0.06)
        Total Charges, net
         of tax                  0.02  (a)       0.02  (b)        0.14  (c)
                                 ----            ----             ----
      Non-GAAP Diluted
       Earnings per Share       $0.17           $0.10            $0.08
                                =====           =====            =====


                                                        Six Months Ended
                                                        ----------------
                                                June 30,        June 30,
                                                     2011            2010
                                                     ----            ----

    Operating Income:
      GAAP Operating Income                      $509,103        $212,650
        Severance, Exit and Other Adjustments      39,525          71,341
        Revaluation of Contingent Consideration         -          92,763
                                                      ---          ------
      Non-GAAP Operating Income                  $548,628        $376,754
                                                 ========        ========



    Income (Loss) Before Income Taxes:
      GAAP Income (Loss) Before Income Taxes     $241,980        $(65,671)
        Severance, Exit and Other Adjustments      39,525          71,341
        Revaluation of Contingent Consideration         -          92,763
        Devaluation of Venezuelan Bolivar               -          63,859
                                                      ---          ------
      Non-GAAP Income (Loss) Before Income
       Taxes                                     $281,505        $162,292
                                                 ========        ========



    Benefit (Provision) for Income Taxes:
      GAAP Benefit (Provision) for Income Taxes  $(65,405)       $(43,225)
        Devaluation of Venezuelan Bolivar               -         (23,973)
        Severance, Exit and Other Adjustments      (5,348)         (5,331)
                                                   ------          ------
      Non-GAAP Benefit (Provision) for Income
       Taxes                                     $(70,753)       $(72,529)
                                                 ========        ========



    Net Income (Loss) Attributable to
     Weatherford:
      GAAP Net Income (Loss)                     $169,299       $(116,247)
        Total Charges, net of tax                  34,177         198,659  (d)
                                                   ------         -------
      Non-GAAP Net Income                        $203,476         $82,412
                                                 ========         =======


    Diluted Earnings (Loss) Per Share
     Attributable to Weatherford:
      GAAP Diluted Earnings (Loss) per Share        $0.22          $(0.16)
        Total Charges, net of tax                    0.05            0.27  (d)
                                                     ----            ----
      Non-GAAP Diluted Earnings per Share           $0.27           $0.11
                                                    =====           =====





    Note (a):  This amount is comprised of severance charges of $12
    million, net of tax, and costs incurred in connection with on-going
    investigations by the U.S. government of $3 million.  We also
    incurred charges totaling $1 million, net of tax, for facility
    closure costs and termination fees.

    Note (b):  This amount is comprised of a $9 million charge associated
    with terminating a corporate consulting contract and $8 million for
    severance costs.  We also incurred investigation costs in connection
    with on-going investigations by the U.S. government.

    Note (c):  This amount is comprised of an $82 million charge for the
    revaluation of contingent consideration included as part of our
    acquisition of the Oilfield Services Division ("OFS") of TNK-BP.
    We also incurred investigation costs in connection with on-going
    investigations by the U.S. government and severance charges.

    Note (d):  This amount is primarily comprised of a $38 million
    charge, net of tax, related to our supplemental executive retirement
    plan that was frozen on March 31, 2010 and a $40 million charge, net
    of tax, related to the devaluation of the Venezuelan Bolivar.  In
    addition, we incurred a charge of $93 million for the revaluation of
    contingent consideration included as part of our OFS acquisition.
    We also incurred investigation costs in connection with on-going
    investigations by the U.S. government and severance charges and
    facility closure costs.

                             Weatherford International Ltd.
                          Consolidated Condensed Balance Sheet
                                      (Unaudited)
                                     (In Thousands)



                                                                   December
                                                       June 30,       31,
                                                            2011        2010
                                                            ----        ----

    Current Assets:
        Cash and Cash Equivalents                       $329,555    $415,772
        Accounts Receivable, Net                       3,020,645   2,629,403
        Inventories                                    2,939,356   2,590,008
        Other Current Assets                           1,075,761     856,884
                                                       7,365,317   6,492,067
                                                       ---------   ---------

    Long-Term Assets:
        Property, Plant and Equipment, Net             7,244,754   6,939,754
        Goodwill                                       4,311,104   4,185,477
        Other Intangibles, Net                           758,765     730,429
        Equity Investments                               558,668     539,580
        Other Assets                                     266,020     244,347
                                                      13,139,311  12,639,587
                                                      ----------  ----------

      Total Assets                                   $20,504,628 $19,131,654
                                                     =========== ===========

    Current Liabilities:
        Short-term Borrowings and Current Portion of
         Long-term Debt                               $1,113,724    $235,392
        Accounts Payable                               1,517,806   1,335,020
        Other Current Liabilities                      1,143,402   1,012,567
                                                       3,774,932   2,582,979
                                                       ---------   ---------

    Long-term Liabilities:
        Long-term Debt                                 6,256,711   6,529,998
        Other Liabilities                                551,771     553,830
                                                       6,808,482   7,083,828
                                                       ---------   ---------

      Total Liabilities                               10,583,414   9,666,807
                                                      ----------   ---------

    Shareholders' Equity:
        Weatherford Shareholders' Equity               9,862,322   9,400,931
        Noncontrolling Interest                           58,892      63,916
                                                          ------      ------
      Total Shareholders' Equity                       9,921,214   9,464,847
                                                       ---------   ---------

      Total Liabilities and Shareholders' Equity     $20,504,628 $19,131,654
                                                     =========== ===========


         Weatherford International Ltd.
                   Net Debt
                 (Unaudited)
               (In Thousands)


    Change in Net Debt for the
     Three Months Ended June
     30, 2011:
      Net Debt at March 31, 2011    $(6,896,637)
          Operating Income              297,215
          Depreciation and
           Amortization                 282,168
          Severance, Exit and Other
           Adjustments                   18,693
          Capital Expenditures         (387,587)
          Increase in Working
           Capital                     (179,314)
          Income Taxes Paid             (69,928)
          Interest Paid                 (58,504)
          Acquisitions and
           Divestitures of Assets
           and Businesses, Net          (19,121)
          Foreign Currency Contract
           Settlements                  (35,818)
          Other                           7,953
                                          -----
      Net Debt at June 30, 2011     $(7,040,880)
                                    ===========

    Change in Net Debt for the
     Six Months Ended June 30,
     2011:
      Net Debt at December 31,
       2010                         $(6,349,618)
          Operating Income              509,103
          Depreciation and
           Amortization                 559,223
          Severance, Exit and Other
           Adjustments                   39,525
          Capital Expenditures         (743,237)
          Increase in Working
           Capital                     (479,037)
          Income Taxes Paid            (135,460)
          Interest Paid                (234,429)
          Acquisitions and
           Divestitures of Assets
           and Businesses, Net          (38,510)
          Foreign Currency Contract
           Settlements                  (89,946)
          Other                         (78,494)
                                        -------
      Net Debt at June 30, 2011     $(7,040,880)
                                    ===========

                                       June 30,     March 31,  December 31,
      Components of Net Debt               2011         2011         2010
                                           ----         ----         ----
          Cash                         $329,555     $249,317     $415,772
          Short-term Borrowings and
           Current Portion of Long-
           Term Debt                 (1,113,724)    (619,490)    (235,392)
          Long-term Debt             (6,256,711)  (6,526,464)  (6,529,998)
                                     ----------   ----------   ----------
          Net Debt                  $(7,040,880) $(6,896,637) $(6,349,618)
                                    ===========  ===========  ===========






    "Net Debt" is debt less cash.  Management believes that Net Debt
    provides useful information regarding the level of Weatherford
    indebtedness by reflecting cash that could be used to repay debt.


    Working capital is defined as accounts receivable plus inventory less
    accounts payable.

SOURCE Weatherford International Ltd.


Further inquiry note:
Andrew P. Becnel, Chief Financial Officer, +41-22-816-1502; Karen David-Green,
Vice President - Investor Relations, +1-713-693-2530

end of announcement                               euro adhoc 
--------------------------------------------------------------------------------


issuer:      Weatherford International Ltd.
             Rue Jean-Francois Bartholoni 4-6
             CH-1204 Geneva
phone:       +41.22.816.1500
FAX:         +41.22.816.1599
mail:     karen.david-green@weatherford.com
WWW:      http://www.weatherford.com
sector:      Oil & Gas - Upstream activities
ISIN:        CH0038838394
indexes:     
stockmarkets: stock market: Euronext Paris, New York, Main Standard: SIX Swiss
             Exchange 
language:   English
 



Weitere Meldungen: Weatherford International Ltd.

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