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PRESS RELEASE


LIBERTY ENERGY INC. RELEASES 2024 BETTERING HUMAN LIVES REPORT

DENVER--(BUSINESS WIRE)-- Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the
“Company”) proudly announced today the release of our 2024 Bettering Human Lives
report, highlighting the central role that energy plays in human lives.

“A thriving energy system enables a thriving society and a future of
opportunity. Unfortunately, politics is increasingly dominating the trajectory
of American energy with growing consequences. The costs of getting energy wrong
include reduced living standards, fewer job opportunities, reduced national
security, and reduced environmental quality,” commented Chris Wright, Chief
Executive Officer. “Bettering Human Lives seeks to inform readers and drive
thoughtful dialogue surrounding the tradeoffs at the nexus of energy, climate,
poverty, and prosperity. The comprehensive report is filled with real-world case
studies and segmented into six sections: Energy, Energy and the Modern World,
Energy Poverty, Climate Change, Climate Economics, and an in-depth section on
Liberty Energy.”

“Liberty strives to be a force for disruptive change in the energy industry with
our culture of excellence, technological advancements, and our quest to advance
energy production. We strongly support all energy sources that improve our
energy system and better lives,” continued Mr. Wright. “Earlier this year, we
announced the launch of the Bettering Human Lives Foundation specifically to
address this most urgent energy access issue, furthering our ambition to deliver
the secure, affordable, reliable energy vital to human success. Liberty has
provided $1 million of initial funding to kickstart the BHL Foundation’s efforts
to provide better access to clean cooking fuels in Africa. We hope that many
more will join us in this endeavor to improve the health, longevity, and expand
opportunities for those currently living in energy poverty.”

Key Takeaways from the 2024 Bettering Human Lives Report:

 1.  Energy is essential to life and the world needs more of it!
 2.  The modern world today is powered by and made of hydrocarbons.
 3.  Hydrocarbons are essential to improving the wealth, health, and life
     opportunities for the less energized seven billion people who aspire to be
     among the world’s lucky one billion.
 4.  Hydrocarbons supply more than 80% of global energy and thousands of
     critical materials and products.
 5.  The American Shale Revolution transformed energy markets, energy security,
     and geopolitics.
 6.  Global demand for oil, natural gas, and coal are all at record levels and
     rising — no energy transition has begun.
 7.  Modern alternatives, like solar and wind, provide only a part of
     electricity demand and do not replace the most critical uses of
     hydrocarbons. Energy-dense, reliable nuclear could be more impactful.
 8.  Making energy more expensive or unreliable compromises people, national
     security, and the environment.
 9.  Climate change is a global challenge but is far from the world’s greatest
     threat to human life.
 10. Zero Energy Poverty by 2050 is a superior goal compared to Net Zero
     emissions by 2050.

“Our mission is to better human lives. Human happiness comes through
relationships, love, and a strong life purpose. Preconditions for these ultimate
ends are food, shelter, health, education, and longevity,” continued Mr. Wright.
“None of these are possible without energy, and the quality of each depends on
the degree of access to affordable, reliable, and secure energy.”

The Bettering Human Lives report is available for download at
www.libertyenergy.com. Requests for the printed report can be made at Liberty’s
website, or please contact BHL@libertyenergy.com.

About Liberty

Liberty is a leading North American energy services firm that offers one of the
most innovative suites of completion services and technologies to onshore oil
and natural gas exploration and production companies. Liberty was founded in
2011 with a relentless focus on developing and delivering next-generation
technology for the sustainable development of unconventional energy resources in
partnership with our customers. Liberty is headquartered in Denver, Colorado.
For more information about Liberty, please visit www.libertyenergy.com. For more
information about the Bettering Human Lives Foundation, please visit
www.betteringhumanlives.org.



View source version on businesswire.com:
https://www.businesswire.com/news/home/20240206972021/en/

Michael Stock

Chief Financial Officer

Anjali Voria, CFA

Strategic Finance & Investor Relations Lead

303-515-2851

IR@libertyenergy.com

Source: Liberty Energy Inc.

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