Oil States International : 2024 Oil States Sustainability Report

Table of Contents

Our Vision3

Our Business4

Business Overview5

Our Stakeholders7

Strategies for Long-Term Corporate Sustainability8

Corporate Responsibility9

Sustainable Innovation 11

Governance 15

Governance 16

Ethics and Compliance 21

Cybersecurity 23

Environment 25

Environmental Commitment 26

Environmental Management 28

Scope 1 and Scope 2 GHG Emissions 30

Waste & Hazardous Material Management 33

Water Management 36

Ecological Impacts 37

Social 38

Increasing and Ever-Present Safety Focus 39

Sustained HSE Performance Across All Business Units 40

Our Global Workforce 41

Benefits and Compensation 43

Training and Development 44

Investing in Our Communities 45

Reporting 46

2023 Financial Highlights 47

Data Tables 48

Index (SASB and TCFD) 52

Forward-Looking Statements 56

Inclusion of information in this report should not be construed as a characterization of the financial materiality or impact of that information. Please see our Annual Report on Form 10-K for the year ended December 31, 2023 and other documents publicly filed with the SEC available athttps://www.ir.oilstatesintl.com/.

Published March 2024

Oil States International, Inc. is a technology-focused, global provider of manufactured products and services used in the drilling, completion, subsea, production and infrastructure sectors of the oil and natural gas industry, as well as in the industrial and military sectors. Our manufactured products include highly engineered capital equipment as well as products consumed in the drilling, well construction and production of oil and natural gas. Oil States serves its customers through manufacturing and service facilities strategically located across the globe.

We operate through three business segments - Offshore/Manufactured Products, Well Site Services and Downhole Technologies - and maintain a leadership position with certain product and service offerings in each segment.

The primary environmental-related Sustainability Accounting Standards Board ("SASB") risk factor relating to our business is greenhouse gas ("GHG") emissions. Although in comparison to many other organizations that combust fuel and other refinedproducts, Oil States' direct GHG emissions (Scope 1 and 2) are attributable largely to our consumption of fuel used in vehicles/equipment and energy/fuel purchased from public utilities and other third parties.

We design, manufacture and sell capital equipment utilized on floating production systems, subsea pipelines, offshore drilling rigs and vessels, and subsea mineral gathering riser systems as well as other offshore wind, military, industrial and land applications.

We provide a broad range of completion oriented equipment and services that are used to establish and maintain the flow of oil and natural gas from a well throughout its life cycle.

Through research and development, we manufacture highly engineered perforation systems and downhole tools primarily used in oil and gas completion applications.

We believe Oil States' extensive global footprint provides market diversification, significant growth potential along with the people, technology and resources needed to not only serve the oil and gas industry but to advance alternative energy solutions over time. Our global facilities support prominent deepwater/offshore investments while our U.S. locations are positioned in the most active shale basins.

Our Stakeholders

Our primary stakeholders consist of four groups: customers, stockholders, employees and the communities in which we operate globally.

Strategies for Long-Term Corporate Sustainability

Oil States' Strategies for Long-Term Corporate Sustainability Include:

• • Create sustainable long-term stockholder value through strategic investments which generate strong returns on invested capital

• • Generate free cash flow through cycles

• • Deploy capital for organic growth or strategic acquisitions

• • Maintain and expand our quality customer base

• • Invest in R&D and new product development initiatives, with particular focus on developing technologies to support pathways toward a multi-source energy mix that encompasses emission-reducing investments along with lower-carbon energy sources to meet growing energy demand

• • Maintain a leadership role within our industry in environmental, social and governance ("ESG") matters

• • Capitalize on opportunities to strengthen Oil States for the long-term through its highly experienced management team

Oil States is committed to conducting its business ethically and transparently. It is important to Oil States that our operational strategy and business practices benefit stakeholders. Our operating processes and activities incorporate initiatives to promote diversity and inclusion, reduce emissions and waste, and adhere to standards that decrease risk and drive a healthy and safe workforce and community.

Policy Against Discrimination and Harassment

At Oil States, we are dedicated to providing an equal opportunity workplace, free of illegal discrimination in employment on the basis of race, color, gender expression or identity, pregnancy, marital status, genetic information, ancestry, medical condition, national origin, religion, age, military service or reserve or veteran status, sexual orientation, disability or any other classification protected by any federal, state or international law which is applicable to Oil States and its employees, as provided in our Corporate Code of Business Conduct and Ethics. For further information, please see Oil States' Corporate Code of Business Conduct and Ethics at oilstatesintl.com by first clicking "Corporate Governance" and then "Corporate Code of Business Conduct and Ethics."

Oil States prohibits harassment or discrimination against any employee, customer, visitor, vendor or third-party contractor, by a supervisor, employee, customer, third-party contractor, vendor, visitor, or the representatives of other businesses with whom employees interact as part of their job. This applies not only to the workplace but to offsite events directly related to the Company's business, including business trips and social activities. As a matter of employment, all employees are required to join in this commitment and refrain from any conduct that is harassing or discriminatory.

Oil States encourages employees to report illegal or unethical behavior and provides for procedures to do so under our Corporate Code of Business Conduct and Ethics and our Policy for Employee Compliant and Reporting Procedures for Accounting and Compliance Matters. Oil States endeavors to promptly investigate the facts and circumstances of any claim of actual or perceived harassment of any type. Any employee, regardless of position or title, who the Company determines has engaged in harassment or discrimination of any kind, will be subject to appropriate corrective action.

Human Rights

The Board of Directors and the executive management team embrace leadership responsibility and strive to exemplify Oil States' values, instilling them in our workforce. We strive to provide positive, productive and supportive work environments across our global operations. Respecting the dignity and diversity of our employees and strategic business partners is a nonnegotiable corporate value we hold dear.

We strictly prohibit human trafficking, child labor or forced labor anywhere within our workforce and the workforces of our suppliers, as provided in our Human Rights Policy and our Supplier Code of Conduct, and as further discussed below. Oil States recruits employees and is committed to providing a fair wage consistent with local laws and regulations.

Throughout our global operations, we prohibit the employment of any individual below legal employment age in the country of their employment. For further information, please see Oil States' Human Rights Policy at oilstatesintl.com by first clicking "Corporate Governance" and then "Human Rights Policy."

Supplier Conduct

Our commitment to maintaining high standards of human rights, quality, safety, environmental compliance, and business integrity also extends to our suppliers and vendors. We have established a "Supplier Code of Conduct," which is applicable to all suppliers and vendors. In addition to acting ethically and in an environmentally responsible manner, we expect our global suppliers and vendors to provide their employees with safe working conditions and treat them with respect and dignity. For further information, please see Oil States' Supplier Code of Conduct at oilstatesintl.com by first clicking "Corporate Governance" and then "Supplier Code of Conduct."

Monitoring of Conflict Minerals

Oil States is aware of and concerned by reports that profits from the sale of certain metals mined in the Democratic Republic of the Congo ("DRC") and adjoining countries have helped fuel war and human rights violations in eastern DRC. We are committed to complying with the requirements set forth in the final rule regarding the use of "Conflict Minerals" under Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act"), and the related rules and regulations issued by the U.S. Securities and Exchange Commission ("SEC").

As required by the Dodd-Frank Act, the SEC has adopted rules requiring publicly traded companies to disclose whether they use conflict minerals, which include, among other things, tin, tantalum, tungsten, and gold (collectively "3TG") that originated in the DRC or an adjoining country and if so, to issue a report identifying their products that are not DRC conflict free and their due diligence efforts to determine the country of origin and chain of custody of the metals. DRC conflict free means the product does not contain conflict minerals that directly or indirectly finances or benefits armed groups, as defined by the SEC, in the DRC or an adjoining country. Oil States, like many companies in our industry, requires some of these 3TG materials in the manufacturing of its products as they are necessary for the functional performance of the products. We do not purchase these metals directly from smelters or mines, so we must rely on the source information provided by our suppliers.

If we become aware of a supplier whose supply chain includes metals that are not DRC conflict free, we will take the appropriate actions to remedy the situation in a timely manner, including reassessment of supplier relationships. We expect our suppliers to take similar measures with their sources to promote alignment throughout the supply chain.

To encourage responsible sourcing, we are working closely with our direct suppliers to trace newly mined minerals back to their origin to encourage responsible sourcing. As tracing methods evolve, we intend to incorporate appropriate proven methods in our program. We require suppliers whose products contain conflict minerals to submit information about the source of these materials using the standardized Global e-Sustainability Initiative and Electronic Industry Citizenship Coalition Conflict Minerals Reporting Template or an equivalent system that traces the metals back through the supply chain.

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Oil States International Inc. published this content on 25 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 March 2024 13:01:16 UTC.