Weatherford International plc

Houston, United States

Weatherford International plc is a multinational oilfield service company that provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil and natural gas wells. The company serves the oil and gas industry worldwide, offering a wide range of products and services designed to improve well performance and optimize production.

CCI Score

-26.71

0.01% April 18

Latest Event

Weatherford Enhances Supplier Ethical Standards with New Portal

Weatherford International has reinforced its commitment to ethical business practices by implementing a robust Supplier Code of Conduct and launching a new supplier self‐registration portal. This initiative reinforces the company’s dedication to maintaining a sustainable and compliant supply chain, ensuring that suppliers adhere to high standards in human rights, forced labor prevention, and environmental responsibility.

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ACCOMPLICE

Weatherford International plc is currently rated as an Accomplice.

-20 to -29 CCI Score

These companies profit from authoritarian practices through their business dealings. Although they may not be directly enforcing oppressive policies, their actions contribute to the economic and operational sustenance of authoritarian regimes.

Latest Events

MAR

31

2025

Weatherford Enhances Supplier Ethical Standards with New Portal
77.50

Weatherford International has reinforced its commitment to ethical business practices by implementing a robust Supplier Code of Conduct and launching a new supplier self‐registration portal. This initiative reinforces the company’s dedication to maintaining a sustainable and compliant supply chain, ensuring that suppliers adhere to high standards in human rights, forced labor prevention, and environmental responsibility.
FEB

15

2024

Weatherford International designated as international sponsor of war
-36.16

Ukraine has designated Weatherford International as an 'international sponsor of war' for continuing operations in Russia. Despite claims of suspending new investments and technology shipments in 2022, the company persists with its business engagements, including partnerships with state-controlled entities like Rosneft, which indirectly support the authoritarian regime in Russia.
-50

Public and Political Behavior

March 26

Weatherford International's continued operations in Russia, despite the international sponsor of war designation, contribute to the financial empowerment of an authoritarian regime. Their business relations, particularly with state-owned entities like Rosneft, undermine democratic accountability and fuel the conflict.

Ukraine designates Irish-American oilfield service company as international 'sponsor of war'
-30

Business Practices and Ethical Responsibility

March 26

While Weatherford claims to have halted new investments and technological deployments in Russia, its strategy of replacing Western suppliers with Russian or alternative foreign sources raises ethical concerns. This adaptive approach allows the company to maintain profitable operations in conflict zones, indirectly supporting oppressive regimes.

Ukraine designates Irish-American oilfield service company as international 'sponsor of war'
-40

Economic and Structural Influence

March 26

The company's ongoing business in Russia, including maintaining supply chains and paying taxes to the Russian government, demonstrates an economic collaboration that bolsters the authoritarian regime’s financial resources. Its links with major state players exemplify a structural influence that enables the continuation of conflict.

Ukraine designates Irish-American oilfield service company as international 'sponsor of war'
FEB

15

2024

Weatherford International Added to International Sponsors of War List
-75.00

Weatherford International continues its long-standing operations in Russia, supporting the aggressor regime by paying significant taxes, maintaining extensive contracts, and providing critical technological capabilities despite international sanctions. This involvement broadly bolsters the Russian war machine and raises serious ethical concerns.
FEB

15

2024

Designated as International Sponsor of War by Ukraine
-58.39

Weatherford International has been designated by Ukraine’s National Agency for the Prevention of Corruption as an international sponsor of war after continuing its operations in Russia. The company’s ongoing oilfield services, tax payments, and import-export activities in Russia are seen as indirectly supporting the Russian war effort.
-70

Public and Political Behavior

March 26

Weatherford International’s decision to continue operations in Russia despite international sanctions and the ongoing conflict has significant political ramifications. By maintaining business in a war-torn region and contributing to state revenues through tax payments, the company indirectly supports the geopolitical agenda of an aggressor state, thereby exhibiting harmful public and political behavior.

Ukraine designates Weatherford oilfield service company int’l sponsor of war
-65

Business Practices and Ethical Responsibility

March 26

By proceeding with contracts and business activities in Russia, Weatherford International demonstrates a disregard for ethical business practices. Continuing to benefit financially from a regime involved in military aggression raises serious questions about its ethical responsibilities and alignment with international norms.

Ukraine designates Weatherford oilfield service company int’l sponsor of war
-60

Economic and Structural Influence

March 26

Weatherford International’s ongoing economic engagements in Russia, including paying significant taxes and engaging in import-export operations, provide financial support to the Russian state. This economic collaboration contributes to sustaining an authoritarian regime’s military capabilities, making the company complicit in structural support of geopolitical aggression.

Ukraine designates Weatherford oilfield service company int’l sponsor of war
JUN

15

2022

Settlement for U.S. Sanctions Violations
-45.64

Weatherford International plc agreed to a $91 million settlement with the U.S. Department of the Treasury for apparent violations of sanctions laws related to Iran, Cuba, and Sudan. This event highlights significant breaches in business ethics and corporate public conduct, undermining U.S. sanctions policy and contributing to practices that can enable authoritarian influence.
-60

Public and Political Behavior

March 26

The company's sanctioned activities and subsequent settlement demonstrate a disregard for U.S. political and public responsibilities. By engaging in transactions that violated sanctions, Weatherford undermined public policy designed to resist authoritarian influences and maintain national security.

Treasury Announces $91 Million Settlement with Weatherford International LTD. for Apparent Sanctions Violations
-70

Business Practices and Ethical Responsibility

March 26

Weatherford's breach of sanctions compliance shows a problematic business practice that neglects ethical responsibility. The company's conduct in facilitating transactions with sanctioned entities reflects a severe lapse in corporate governance and accountability, further eroding trust.

Treasury Announces $91 Million Settlement with Weatherford International LTD. for Apparent Sanctions Violations
-50

Economic and Structural Influence

March 26

The settlement underscores Weatherford's economic involvement in prohibited markets, reflecting a structural influence where the company benefited financially from activities in sanctioned regions. This economic behavior, while profitable in the short term, contributes to broader systemic issues that can bolster authoritarian regimes.

Treasury Announces $91 Million Settlement with Weatherford International LTD. for Apparent Sanctions Violations
NOV

26

2013

Weatherford settles $253M Bribery Case
-27.04

Weatherford International faces severe reputational and ethical issues following its $253M settlement over bribery allegations involving foreign officials under the Oil-for-Food program, highlighting widespread compliance failures and unethical business practices.
-80

Public and Political Behavior

January 1

The bribery scandal implicates Weatherford in unethical practices that undermine democratic processes by improperly influencing foreign officials. Using corporate resources to sway political outcomes contributes to an environment conducive to authoritarian practices.

Oilfield company to pay $253M to settle bribe case
-90

Business Practices and Ethical Responsibility

January 1

The case exposes significant failures in Weatherford’s internal controls and a compliance culture that permitted bribery and falsification of records. Such unethical business practices directly violate principles of corporate responsibility and transparency.

Oilfield company to pay $253M to settle bribe case
NOV

01

2013

Weatherford Bribery and Sanctions Settlement
-22.23

Weatherford International plc agreed to pay $253 million to settle bribery and sanctions busting charges brought by the US government. This settlement highlights significant ethical breaches in business practices, raising concerns about the company’s role in perpetuating corrupt activities that can indirectly bolster authoritarian practices.
-70

Business Practices and Ethical Responsibility

March 26

The settlement of $253 million for bribery and sanctions busting indicates a serious violation of ethical business practices. Such actions undermine transparency and accountability, and contribute to a broader environment where corrupt practices can support authoritarian regimes and weaken democratic institutions.

Weatherford to pay $253m bribery and sanctions busting settlement