Weatherford International Ltd.

EANS-Adhoc: Weatherford Reports Second Quarter 2013 Results

--------------------------------------------------------------------------------
  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
--------------------------------------------------------------------------------
Earnings/6-month report
31.07.2013


-- Earnings per Share of $0.15 (non-GAAP) 

-- Estimated $153 million potential FCPA and Oil-for-Food U.S. government
settlement

GENEVA, Switzerland, July 31, 2013 -- Weatherford International Ltd. (NYSE /
Euronext Paris / SIX: WFT) today reported results for the second quarter ended
June 30, 2013. 

Second Quarter 2013 Highlights 


     - $0.15 per diluted share (non-GAAP), or net income of $116 million
       excluding after-tax losses of $234 million; 
     - Estimated $153 million potential FCPA and Oil-for-Food settlement with
       the U.S. government; 
     - Free cash flow increased by over $200 million sequentially, driven by
       working capital improvements; 
     - Capital expenditures, net of lost-in-hole, declined 26% compared to the
       prior year quarter; 
     - Revenues of $3,868 million were 3% higher than the same period last
       year, and up 1% sequentially; 
     - International revenues of $2,339 million were up 12% over the same
       period in 2012 and up 9% sequentially; 
     - Eastern Hemisphere operating income margin expanded 155 basis points
       sequentially; and 
     - North America revenues of $1,529 million were down 10% sequentially, and
       down 8% from the same quarter of 2012 primarily due to the Canadian
       seasonal downturn compounded by severe flooding.


(Logo: http://photos.prnewswire.com/prnh/19990308/WEATHERFORDLOGO )

end of ad-hoc-announcement
================================================================================
Second Quarter 2013 Results

On a GAAP basis, segment operating income was $385 million with a second quarter
net loss of $118 million, or a loss of $0.15 per diluted share. The excluded
after-tax losses included:


     - $153 million representing management's best estimate of a potential
       settlement with the U.S. government related to the FCPA and oil-for-food
       matters, although no agreement has been reached and uncertainties
       remain; 
     - $38 million in severance, exit and other charges; 
     - $31 million associated with legacy lump sum contracts in Iraq; and 
     - $12 million related to U.S. government investigations and tax related
       professional fees.


The non-GAAP effective tax rate for the quarter was 12%.



Outlook

The Company expects the second half of 2013 to show higher revenue and operating
income in North America compared to the first half of this year with the U.S.
also benefiting from a lower operating cost structure. Latin America will show
improvement in both revenue and profitability in the fourth quarter of 2013. The
outlook for the Eastern Hemisphere remains positive with continued expansion in
Europe, Caspian and Russia along with continued recovery in the Middle
East/North Africa and Asia Pacific region. Increased operating performance in
the second half of the year, as well as further cost reductions and improvements
in capital efficiency measures, all suggest a positive outlook. The Company
expects its 2013 annual effective tax rate to be in the range of 27% to 29%.

Regional Highlights


     - North America

     North America revenues for the quarter were $1,529 million, an 8% decrease
     over the same quarter in the prior year and down 10% sequentially. The
     quarter's operating income was $167 million, down $59 million, or 26% from
     the same quarter in the prior year and down 25% sequentially. The
     sequential decline was largely due to the seasonal effect of the "spring
     breakup" in Canada impacting revenues and margins in all product lines,
     and was partially offset by increased U.S. Artificial Lift and Well
     Construction activity. U.S. year-over-year performance declined, driven
     primarily by lower Stimulation profitability. 

     - Middle East/North Africa/Asia Pacific

     Second quarter revenues of $919 million were up $270 million, or 42%
     higher than the second quarter of 2012, and $134 million, or 17% higher
     sequentially. The current quarter's operating income of $66 million
     increased $42 million, or 175% from the same quarter in the prior year,
     and increased 47% sequentially due to an increase in our Drilling
     Services, Well Construction and Artificial Lift product lines. The Asia
     Pacific region generated the highest revenue and operating income in our
     history. 

     - Europe/Sub-Sahara Africa/Russia

     Second quarter revenues of $681 million were 4% higher than the second
     quarter of 2012 and up 8% from the prior quarter. The current quarter's
     operating income of $83 million was down 19% when compared to the same
     quarter in the prior year, and was up $18 million, or 28% from the prior
     quarter. The year-over-year operating income decline resulted from reduced
     margins in Russia driven by lower activity levels and the change in
     product mix. Sequentially, operating income was up due to increased
     activity in Well Construction for Europe.

     - Latin America

     Second quarter revenues of $739 million were down $43 million or 6%
     compared to the second quarter of 2012, and up $12 million, or 2%
     sequentially. The decline in revenue in the second quarter compared to the
     prior year was largely related to lower activity in Mexico. The current
     quarter's operating income of $90 million was flat compared to the same
     quarter in the prior year, and decreased 8% from the prior quarter.


Liquidity and Free Cash Flow

Free cash flow increased by over $200 million compared to the prior quarter. The
improvement in cash flow was driven entirely by working capital improvements.
Driving the change in working capital, days sales outstanding decreased to 89
days, and days sales in inventory decreased to 85 days. 

Non-GAAP Performance Measures

Unless explicitly stated to the contrary, all performance measures used
throughout this document are non-GAAP. Corresponding reconciliations to GAAP
financial measures have been provided in the following pages to offer meaningful
comparisons between current results and results in prior operating periods. 

About Weatherford

Weatherford is a Swiss-based, multinational oilfield service company. It is one
of the largest global providers of technology and services for the oil and gas
industry. Weatherford operates in over 100 countries, and employs over 60,000
people worldwide. For more information, visit www.weatherford.com

Conference Call

The Company will host a conference call with financial analysts to discuss the
quarterly results on July 31, 2013, at 8:30 a.m. eastern daylight savings time,
7:30 a.m. central daylight savings time. Weatherford invites investors to listen
to the call live via the Company's website, www.weatherford.com in the Investor
Relations section. A recording of the conference call and transcript of the call
will be available in that section of the website shortly after the call ends.

Forward-Looking Statements 

This press release and the documents referenced herein contain, and the
conference call announced in this release may include, forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995. This includes statements related to future levels of earnings, revenue,
expenses, margins, capital expenditures, changes in working capital, cash flows,
tax expense, effective tax rates and net income. Forward-looking statements also
include any statements about the resolution or potential future resolution of
our ongoing remediation of our material weaknesses in internal control over
financial reporting for income taxes and our assessment of the degree to which
historical remediation efforts have been successful to date. It is inherently
difficult to make projections or other forward-looking statements in a cyclical
industry and given the current macroeconomic uncertainty. Such statements are
based upon the current beliefs of Weatherford's management, and are subject to
significant risks, assumptions and uncertainties. These include the company's
inability to design or improve internal controls to address identified issues;
the impact upon operations of legal compliance matters or internal controls
review, improvement and remediation, including the detection of wrongdoing,
improper activities or circumvention of internal controls; difficulties in
controlling expenses, including costs of legal compliance matters or internal
controls review, improvement and remediation; impact of changes in management or
staff levels, the effect of global political, economic and market conditions on
the company's projected results; the possibility that the company may be unable
to recognize expected revenues from current and future contracts; the effect of
currency fluctuations on the company's business; the company's ability to manage
its workforce to control costs; the cost and availability of raw materials, the
company's ability to manage its supply chain and business processes; the
company's ability to commercialize new technology; whether the company can
realize expected benefits from its redomestication of its former Bermuda parent
company; the company's ability to realize expected benefits from its
acquisitions and dispositions; the effect of a downturn in its industry on the
company's carrying value of its goodwill; the effect of weather conditions on
the company's operations; the impact of oil and natural gas prices and worldwide
economic conditions on drilling activity; the effect of turmoil in the credit
markets on the company's ability to manage risk with interest rate and foreign
exchange swaps; the outcome of pending government investigations, including the
Securities and Exchange Commission's investigation of the circumstances
surrounding the company's material weakness in its internal control over
financial reporting of income taxes; the outcome of ongoing litigation,
including shareholder litigation related to the company's material weakness in
its internal control over financial reporting of income taxes and its
restatement of historical financial statements; the future level of crude oil
and natural gas prices; demand for our products and services; levels of pricing
for our products and services; utilization rates of our equipment; the
effectiveness of our supply chain; weather-related disruptions and other
operational and non-operational risks that are detailed in our most recent Form
10-K and other filings with the U.S. Securities and Exchange Commission. Should
one or more of these risks or uncertainties materialize, or underlying
assumptions prove incorrect, actual results may vary materially from those
indicated in our forward-looking statements. Specifically, statements regarding
the current period assume that there will be no subsequent events or other
adverse developments after the date of this press release that cause our
financial statements for the current period, when filed with the SEC, to vary
materially from the amounts herein. We undertake no obligation to correct or
update any forward-looking statement, whether as a result of new information,
future events, or otherwise, except to the extent required under federal
securities laws. 






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


                           Three Months Ended            Six Months Ended
                           ------------------            ----------------
                         6/30/2013    6/30/2012      6/30/2013      6/30/2012
                         ---------    ---------      ---------      ---------

Net Revenues:
  North America             $1,529       $1,663         $3,221         $3,417
  Middle East/North Africa/
   Asia                        919          649          1,704          1,244
  Europe/SSA/Russia            681          653          1,314          1,224
  Latin America                739          782          1,466          1,453
                             3,868        3,747          7,705          7,338
                             -----        -----          -----          -----

Operating Income
 (Expense):
  North America                167          226            391            584
  Middle East/North Africa/
   Asia                         66           24            111             77
  Europe/SSA/Russia             83          102            148            168
  Latin America                 90           90            188            173
  Research and Development     (71)         (64)          (138)          (126)
  Corporate Expenses           (49)         (49)           (97)           (99)
  Goodwill and Equity
   Investment Impairment         -         (793)             -           (793)
  US Government
   Investigation Loss
   Contingency                (153)        (100)          (153)          (100)
  Other Items                  (78)         (68)          (116)          (146)
                               ---          ---           ----           ----
                                55         (632)           334           (262)

Other Income (Expense):
  Interest Expense, Net       (128)        (121)          (259)          (233)
  Devaluation of Venezuelan
   Bolivar                       -            -           (100)             -
  Other, Net                   (18)         (27)           (31)           (45)
                               ---          ---            ---            ---


Loss Before Income Taxes       (91)        (780)           (56)          (540)

Benefit (Provision) for
 Income Taxes:

  Provision for Operations     (17)         (68)           (65)          (184)
  Adjustments to Provision      (3)           5             40             11
                               ---          ---            ---            ---
                               (20)         (63)           (25)          (173)

Net Loss                      (111)        (843)           (81)          (713)
Net Income Attributable to
 Noncontrolling Interests       (7)          (6)           (15)           (13)
Net Loss Attributable to
 Weatherford                 $(118)       $(849)          $(96)         $(726)
                             =====         =====           ====          =====

Loss Per Share
 Attributable to
 Weatherford
  Basic                     $(0.15)      $(1.11)        $(0.12)        $(0.95)
  Diluted                   $(0.15)      $(1.11)        $(0.12)        $(0.95)

Weighted Average Shares
 Outstanding:
  Basic                        770          765            770            763
  Diluted                      770          765            770            763


                          Weatherford International Ltd.
                 Selected Statements of Operations Information
                                    (Unaudited)
                                   (In Millions)


                                  Three Months Ended
                                  ------------------
                6/30/2013   3/31/2013   12/31/2012   9/30/2012   6/30/2012
                ---------   ---------   ----------   ---------   ---------

Net Revenues:
  North America    $1,529      $1,692       $1,682      $1,725      $1,663
  Middle East/
   North Africa/
   Asia               919         785          851         700         649
  Europe/SSA/
   Russia             681         633          669         626         653
  Latin America       739         727          856         768         782
                   $3,868      $3,837       $4,058      $3,819      $3,747
                   ======      ======       ======      ======      ======


                                  Three Months Ended
                                  ------------------
                6/30/2013   3/31/2013   12/31/2012   9/30/2012   6/30/2012
                ---------   ---------   ----------   ---------   ---------

Operating Income
 (Expense):
  North America     $167         $224         $226        $297        $226
  Middle East/
   North Africa/
   Asia               66           45          58           36          24
  Europe/SSA/
   Russia             83           65          59           88         102
  Latin America       90           98         125           97          90
  Research and
   Development       (71)         (67)        (63)         (68)        (64)
  Corporate

   Expenses          (49)         (48)        (49)         (48)        (49)
  Goodwill and
   Equity
   Investment
   Impairment          -            -           -           -        (793)
  US Government
   Investigation

   Loss Contingency (153)           -           -           -        (100)
  Other Items        (78)         (38)       (111)        (87)        (68)
                     $55         $279        $245        $315       $(632)
                     ===         ====        ====        ====        =====


                                  Three Months Ended
                                  ------------------
                   6/30/2013   3/31/2013   12/31/2012   9/30/2012   6/30/2012
                   ---------   ---------   ----------   ---------   ---------

Product Line 
 Revenues:
  Formation

   Evaluation and
   Well

   Construction(1)    $2,361      $2,273      $2,348       $2,128     $2,058
  Completion and
   Production(2)       1,507       1,564       1,710        1,691      1,689
                      $3,868      $3,837      $4,058       $3,819     $3,747
                      ======      ======      ======       ======     ======


                                  Three Months Ended
                                  ------------------
                   6/30/2013   3/31/2013   12/31/2012   9/30/2012   6/30/2012
                   ---------   ---------   ----------   ---------   ---------

Depreciation and

 Amortization:
  North America         $102        $108         $108        $108        $101
  Middle East/
   North Africa/

   Asia                   98          93           94          90          85
  Europe/SSA/
   Russia                 68          71           71          63          60
  Latin America           68          68           63          61          59
  Research and
   Development and
   Corporate               5           6            7           7           6
                        $341        $346         $343        $329        $311
                        ====        ====         ====        ====        ====


(1)  Formation Evaluation and Well Construction includes Drilling Services,
     Well Construction, Integrated Drilling, Wireline and Evaluation Services,
     Drilling Tools and Fishing and Re-entry.

(2)  Completion and Production includes Artificial Lift Systems, Stimulation 
     and Chemicals, Completion Systems and Pipeline and Specialty Services.


We report our financial results in accordance with generally accepted accounting
principles (GAAP).  However, Weatherford's management believes that certain
non-GAAP financial measures and ratios (as defined under the SEC's Regulation G)
may provide users of this financial information, additional meaningful
comparisons between current results and results of prior periods.  The non- GAAP
amounts shown below should not be considered substitutes for operating income,
provision for income taxes, net income or other data prepared and reported in
accordance with GAAP, but should be viewed in addition to the Company's reported
results prepared in accordance with GAAP.



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

                          Three Months Ended              Six Months Ended
                          ------------------             ----------------
                 6/30/2013   3/31/2013   6/30/2012     6/30/2013    6/30/2012
                 ---------   ---------   ---------   ---------    ---------
Operating Income:
  GAAP Operating
   Income (Loss)       $55       $279       $(632)        $334        $(262)
    Goodwill and 
     Equity
     Investment
     Impairment          -          -         793            -          793
    US Government
     Investigation
      Loss
     Contingency       153          -         100          153          100
    Legacy Contracts
     (a)                21          3          62           24           93
    Tax Remediation 
     and Restatement
     Expenses            6         21          11           27           26
    Other Adjustments   51         14          (5)          65           27
  Non-GAAP Operating
   Income             $286       $317        $329         $603         $777
                      ====       ====        ====         ====         ====



Income (Loss)
 Before Income
 Taxes:
  GAAP Income (Loss)

   Before Income
   Taxes              $(91)       $35       $(780)        $(56)       $(540)

    Goodwill and
    Equity
     Investment
     Impairment          -          -         793            -          793
    US Government
     Investigation
      Loss
     Contingency       153          -         100          153          100
    Devaluation of
     Venezuelan Bolivar  -        100           -          100            -
    Legacy Contracts    21          3          62           24           93
    Tax Remediation 
     and Restatement
     Expenses            6         21          11           27           26
    Other Adjustments   51         14          (5)          65           24
  Non-GAAP Income
   Before Income
   Taxes              $140       $173        $181         $313         $496
                      ====       ====        ====         ====         ====



Provision for

 Income Taxes:
  GAAP Provision for
   Income Taxes       $(20)       $(5)       $(63)        $(25)       $(173)

    Goodwill and 
     Equity
     Investment
     Impairment          -          -          (1)           -           (1)
    US Government
     Investigation
      Loss
     Contingency         -          -          (1)           -           (1)
    Devaluation of
     Venezuelan Bolivar  -        (39)          -          (39)           -
    Legacy Contracts    10          5           -           15            -
    Tax Remediation and
     Restatement
     Expenses           (1)        (3)         (3)          (4)          (6)
    Other Adjustments   (6)        (6)          -          (12)          (3)
  Non-GAAP Provision
   for Income Taxes   $(17)      $(48)       $(68)        $(65)       $(184)
                      ====       ====        ====         ====        =====



Net Income (Loss)

 Attributable to
 Weatherford:
  GAAP Net Income

   (Loss)            $(118)       $22       $(849)        $(96)       $(726)
    Total Charges, 
     net of tax        234 (b)     95 (c)     956 (d)      329 (e)    1,025 (f)
  Non-GAAP Net
   Income             $116       $117        $107         $233         $299
                      ====       ====        ====          ====        ====



Diluted

 Earnings
 (Loss)
 Per Share
 Attributable to
 Weatherford:
  GAAP Diluted
   Earnings (Loss)

   per Share        $(0.15)     $0.03      $(1.11)        $(0.12)      $(0.95)
    Total Charges,
     net of tax       0.30       0.12        1.25           0.42         1.34
                      ----       ----        ----           ----         ----

  Non-GAAP Diluted
   Earnings per
    Share            $0.15      $0.15       $0.14          $0.30        $0.39
                     =====      =====       =====          =====        =====



  GAAP Effective Tax
   Rate (g)            -22%        14%         -8%           -45%         -32%
  Annual Effective
   Tax Rate (h)         12%        28%         38%            21%          37%




  Note (a):  The revenues associated with the legacy lump sum contracts in Iraq
were $215 million, $166 million and $39 million for the three months ended June
30, 2013, March 31, 2013, and June 30, 2012 and $380 million and $91 million for
the six months ended June 30, 2013 and 2012, respectively.

  Note (b):  Non-GAAP adjustments are comprised of (i) $153 million loss accrual
related to US government investigation matters, (ii) $31 million in operating
losses and tax expense related to legacy lump sum contracts in Iraq, (iii) $38
million in other adjustments consisting of severance of $25 million and $13
million in other charges and (iv) $12 million related to US government
investigations and tax related professional fees.

  Note (c):  Non-GAAP adjustments are comprised of (i) a charge for the
devaluation of the Venezuelan Bolivar of $61 million, (ii) $8 million in
operating losses and tax expense related to legacy lump sum contracts in Iraq,
(iii) tax restatement and remediation expenses of $18 million and (iv) $8
million in other adjustments consisting of severance and other charges including
$3 million in investigation related expenses.

  Note (d):  Non-GAAP adjustments are comprised of (i) goodwill and equity
method investment impairments of $793 million, (ii) $100 million loss accrual
related to US government investigation matters, (iii) $62 million in operating
losses and tax expense related to legacy lump sum contracts in Iraq, (iv) tax
restatement and remediation expenses of $8 million and (v) $(7) million in other
adjustments.

  Note (e):  Non-GAAP adjustments are comprised of (i) $153 million loss accrual
related to US government investigation matters, (ii) $39 million in operating
losses and tax expense related to legacy lump sum contracts in Iraq, (iii) tax
restatement and remediation expenses of $23 million, (iv) a $61 million charge
for the devaluation of the Venezuelan Bolivar and (v) $53 million in other
adjustments consisting of $31 million in severance, $10 million in investigation
related expenses and $12 million in other charges.

  Note (f):  Non-GAAP adjustments are comprised of (i) goodwill and equity
method investment impairments of $793 million, (ii) $100 million loss accrual
related to US government investigation matters, (iii) $93 million in operating
losses and tax expense related to legacy lump sum contracts in Iraq, (iv) tax
restatement and remediation expenses of $20 million and (v) $19 million in other
adjustments.

  Note (g):  GAAP Effective Tax Rate is GAAP provision for income taxes divided
by GAAP income before income taxes.

  Note (h):  Annual Effective Tax Rate is the Non-GAAP provision for income
taxes divided by Non-GAAP income before income taxes.





                      Weatherford International Ltd.
                       Selected Balance Sheet Data
                             (Unaudited)
                            (In Millions)


                6/30/2013   3/31/2013   12/31/2012   9/30/2012   6/30/2012
                ---------   ---------   ----------   ---------   ---------


Assets:

  Cash and Cash
   Equivalents       $295        $286         $300        $365       $381
  Accounts
   Receivable,

   Net              3,837       3,850        3,885       3,911      3,608
  Inventories,
   Net              3,637       3,744        3,675       3,676      3,399
  Property, Plant

   and Equipment,
   Net              8,333       8,299        8,299       8,122      7,733
  Goodwill and
   Intangibles,

   Net              4,402       4,485        4,637       4,653      4,581
  Equity
   Investments        671         660          646         642        629


Liabilities:

  Accounts
   Payable          2,144       2,191        2,108       2,023      1,635
  Short-term
   Borrowings and
   Current Portion
   of Long-term

   Debt             2,148       1,896        1,585       1,606      1,263
  Long-term Debt    7,087       7,032        7,049       7,300      7,311


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



Change in Net Debt for the Three
 Months Ended 6/30/2013:

  Net Debt at 3/31/2013                          $(8,642)
                   Operating Income                   55
                    Depreciation and
                    Amortization                     341
                    Capital
                    Expenditures                    (446)
                    Decrease in Working
                    Capital                          187
                    Income Taxes Paid               (133)
                    Interest Paid                    (81)
                    Acquisitions and
                    Divestitures of
                    Assets and
                    Businesses, Net                  (22)
                    Net change in
                    Billing in Excess/
                    Costs in Excess                 (115)
                    Other                            (84)

  Net Debt at 6/30/2013                          $(8,940)
                                                 =======

Change in Net Debt for the Six Months
 Ended 6/30/2013:
  Net Debt at 12/31/2012                         $(8,334)
                   Operating Income                  334
                    Depreciation and
                    Amortization                     687
                    Capital
                    Expenditures                    (846)
                    Decrease in Working
                    Capital                          120
                    Income Taxes Paid               (257)
                    Interest Paid                   (264)
                    Acquisitions and
                    Divestitures of
                    Assets and
                    Businesses, Net                   59
                    Net change in
                    Billing in Excess/
                    Costs in Excess                 (173)
                    Other                           (266)


  Net Debt at 6/30/2013                          $(8,940)
                                                 =======


  Components of Net Debt                6/30/2013   3/31/2013  12/31/2012
                                        ---------   ---------  ----------
                   Cash                      $295        $286        $300
                    Short-term
                    Borrowings and
                    Current Portion of
                    Long-term Debt         (2,148)     (1,896)     (1,585)
                   Long-term Debt          (7,087)     (7,032)     (7,049)
                   Net Debt               $(8,940)    $(8,642)    $(8,334)






"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.

We report our financial results in accordance with generally accepted accounting
principles (GAAP).  However, Weatherford's management believes that certain
non-GAAP financial measures and ratios (as defined under the SEC's Regulation G)
may provide users of this financial information, additional meaningful
comparisons between current results and results of prior periods. The non-GAAP
amounts shown below should not be considered substitutes for cash flow
information prepared in accordance with GAAP, but should be viewed in addition
to the Company's reported cash flow statements prepared in accordance with GAAP.



           Weatherford International Ltd.
              Selected Cash Flow Data
                    (Unaudited)
                     (In Millions)

                        Three Months Ended                 Six Months Ended
                        ------------------                 ----------------
                6/30/2013   3/31/2013   6/30/2012     6/30/2013   6/30/2012
                ---------   ---------   ---------     ---------   ---------


  Net Cash
   Provided by
   (Used in)
   Operating
   Activities        $252        $(11)       $145          $241        $285


  Less: Capital
   Expenditures
   for Property,

   Plant and         (446)       (400)       (584)         (846)     (1,098)
  Equipment

  Free Cash Flow    $(194)      $(411)      $(439)        $(605)      $(813)
                    =====       =====       =====          =====       =====




Free cash flow is defined as net cash provided by or used in operating
activities less capital expenditures.  Free cash flow is an important indicator
of how much cash is generated or used by our normal business operations,
including capital expenditures.  Management uses free cash flow as a measure of
progress on its capital efficiency and cash flow initiatives.



SOURCE  Weatherford International Ltd.


Further inquiry note:
Contacts:  John H. Briscoe, Senior Vice President and Chief Financial Officer,
+1.713.836.4610; Karen David-Green,Vice President - Investor Relations,
+1.713.836.7430

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: Main Standard: SIX Swiss Exchange, stock market: New York, Euronext
             Paris 
language:   English
 

 


Das könnte Sie auch interessieren: