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Q1'21 EARNINGS PRESENTATION MARKET UPDATE ($ in billions) NORTH AMERICA RIG COUNT VS. D&C SPENDING D&C Spending $40 $32 $24 $16 $8 INTERNATIONAL RIG COUNT VS. D&C SPENDING Seq. A in Rig Count Rig Count D&C Spending 1,400 $40 1,120 $32 840 $24 35% 560 $16 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 I N. America D&C Spending Source: Spears & Associates; Baker Hughes 280 $8 N. America Avg. Rig Count Seq. A in Rig Count Rig Count 1,400 1,120 840 5% 560 THE Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 280 International D&C Spending International Avg. Rig Count 5 ©2021 Weatherford International plc. All rights reserved.

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