1、2021 ANNUAL REPORT?www.sec.gov?Risk Factors.?BUSINESS?U.S.Drilling?Canada Drilling?International Drilling?Drilling Solutions?Rig Technologies?Theloss of one or a number of our large customers could have a material adverse effect on our business,financial condition and results of operations.?Diversit
2、y and Inclusion?Training and Talent Management?Educational Assistance?Health,Welfare and Retirement?Fluctuations in oil and natural gas prices could adversely affect drilling activity and our revenues,cash flows?and profitability,?Our drilling contracts may in certain instances be renegotiated,suspe
3、nded or terminated without an early termination payment?t?We operate in a highly competitive industry with excess drilling capacity,which may adversely affect our results of operations?Changes to or noncompliance with laws and regulations or exposure to environmental liabilities could adversely affe
4、ct our results of operations.?RISK FACTORS?Fluctuations in oil and natural gas prices could adversely affect drilling activity and our revenues,cash flows and profitability.?Our customers and thereby our business and profitability could be adversely affected by low oil prices and/or turmoil in the g
5、lobal economy.?We operate in a highly competitive industry with excess drilling capacity,which may adversely affect our results of operations.?We must renew customer contracts to remain competitive.?The nature of our operations presents inherent risks of loss,including weather-related risks,that cou
6、ld adversely affect our results of operations.?Our drilling contracts may in certain instances be renegotiated,suspended or terminated without an early terminationpayment.?The loss of one or a number of our large customers could have a material adverse effect on our business,financial condition and