2023 ANNUAL &SUSTAINABILITY REPORTTable of Contents
Company at a Glance........................................................................................................................................3
Financial Highlights............................................................................................................................................4
Sustainability Highlights....................................................................................................................................52023 in Review..................................................................................................................................................6
Our Core Values ................................................................................................................................................8
Materiality-Based Approach..............................................................................................................................9
Sustainability Commitments......................................................................................................................... 10
Engagement....................................................................................................................................................11
Governance.................................................................................................................................................. 13
Corporate Governance.............................................................................................................................. 14
Enterprise Risk Management................................................................................................................... 17
Ethics and Compliance.............................................................................................................................. 20
Anti-Bribery, Anti-Corruption, and Fair Competition................................................................................ 21
Supply Chain Governance......................................................................................................................... 22
Public Policy................................................................................................................................................ 25
Environmental............................................................................................................................................ 26
Emissions Reduction Progress................................................................................................................ 27
The Future of Energy................................................................................................................................. 29
Environmental Management.................................................................................................................... 36
Social............................................................................................................................................................. 39
Health and Safety...................................................................................................................................... 40
Our People................................................................................................................................................. 44
Training and Development........................................................................................................................ 49
Human Rights............................................................................................................................................ 52
Local Communities.................................................................................................................................... 53
Appendix...................................................................................................................................................... 58
Data Tables................................................................................................................................................. 59
Awards and Recognition........................................................................................................................... 71
About the Report....................................................................................................................................... 72

Halliburton 2023 Annual & Sustainability Report

Introduction  2

COMPANY
AT A GLANCEAt December 31, 2023

136

Nationalities

47,885

North America

2 Countries
15,608 2023 Headcount5 Major Technology Centers

Latin America

10 Countries
7,858 2023 Headcount
1 Major Technology Center

Employees

Countries

Europe / Africa / CIS

36 Countries
8,160 2023 Headcount2 Major Technology Centers

Middle East / Asia

27 Countries
16,259 2023 Headcount
4 Major Technology Centers

COMPANY AT A GLANCE

Halliburton 2023 Annual & Sustainability Report

70+

Introduction  3

FINANCIAL HIGHLIGHTS
Millions of U.S. Dollars (USD) and Shares, Except Per Share Data

20211

20221

20231

Revenue$15,295$20,297$23,018

Total Operating Expenses$13,495$17,590$18,935

Operating Income$1,800$2,707$4,083

Income Before Taxes$1,252$2,110$3,363

Net Income Attributable to Company$1,457$1,572$2,638

Basic Income Per Share from Continuing Operations$1.63$1.74$2.93

Diluted Income Per Share from Continuing Operations$1.63$1.73$2.92$0.18$0.48$0.64

Basic Common Shares Outstanding

892

904

899

Diluted Common Shares Outstanding

892

908

902

Net Working Capital$5,637$5,607$5,935

Total Assets$22,321$23,255$24,683

Total Debt

$9,138$7,928$7,636

Total Shareholders' Equity$6,728$7,977$9,433

Cash Flows from Operating Activities$1,911$2,242$3,458

Capital Expenditures$799$1,011$1,379

Depreciation, Depletion, and Amortization

$904

$940

$998

Total Capitalization3$15,866$15,905$17,069

58%

50%

45%

Amounts Attributable to Company Shareholders:Cash Dividends Per Share2

Debt to Total Capitalization4

1. Reported results during these periods include impairments and other charges of no amounts recorded for the year ended December 31, 2023; $366 million for the year ended
December 31, 2022; and $12 million for the year ended December 31, 2021.
2. Net working capital is defined as total current assets less total current liabilities.
3. Total capitalization is defined as total debt plus total shareholders’ equity.
4. Debt to total capitalization is defined as the total debt divided by the sum of total debt plus total shareholders’ equity.

Geographic Revenue Diversity

Strong Free Cash FlowMillions of Dollars

Europe/Africa/CIS

Middle East/Asia

12%

25%

Adjusted Return on
Capital Employed$2,274$1,36919%

14%$1,4319%2021
Latin America

North America

17%

46%

2022

2023

Halliburton generated $2.3 billionof free cash flow* in 2023,
demonstrating our ability to generatestrong free cash flow in different
business environments.

2021

2022

2023

Excludes certain charges. Average capital
employed is a statistical mean of the combined
values of debt and shareholders’ equity for the
beginning and end of the period. Adjusted ROCE
is defined as adjusted operating profit, after-tax
divided by average capital employed.

*Management believes that the non-GAAP measure of free cash flow, defined as operating cash flows less capital expenditures, plus proceeds from sale of equipment, is an importantliquidity measure that is useful to investors and management for assessing the company’s ability to generate cash.

Halliburton 2023 Annual & Sustainability Report

Introduction  4

SUSTAINABILITY HIGHLIGHTSENVIRONMENTAL

GOVERNANCE

0.02 60,068 99%
Total Energy Consumption(Thousand gigajoules (GJ))

Recordable
Environmental Incident
Rate (Incidents per
200,000 hours worked)

0.2431GHG

GHG Emissions Intensity
Scope 1 and 2 (MTCO2e/
operating hours)

SOCIAL60,107

Percentage of Suppliers
Assessed for Human
Rights Risks

Training Hours for COBC,
Anti-Corruption, and Enhanced
Procurement Fraud in Countries
Designated as High-Risk

93

CPA-Zicklin Index Score

SAFETY
0.51

0.15

91%

Overall Percentage ofLocalized Workforce

19%
Female Diversity
in STEM Roles

2023
International
Associationof Drilling
Contractors(IADC) industry
rate

0.07

Charitable
GivingBillion (USD)

Halliburton 2023 Annual & Sustainability Report

0.25

Halliburton’s
2023 rate

Lost-Time Incident Rate
(Incidents per 200,000
hours worked)

$1.5

2023
International
Associationof Drilling
Contractors(IADC) industry
rate

0.10

Halliburton’s
2023 rate

Total Recordable Incident
Rate (Incidents per 200,000
hours worked)

Incidents per
million miles
traveled

Preventable Recordable Vehicle Incident Rate

Introduction  5

2023 IN REVIEW

service lines. Our international operations today represent
just over half of our total business. Halliburton’s international
revenue grew 17% in 2023 and delivered improved margins
and higher returns throughout the year, despite our exit from
Russia in 2022.
Throughout the international markets in which we operate, wedeliver shareholder value through disciplined capital allocation,
which means we strategically deploy assets to markets
where customers recognize the value of our reliable execution
and collaboration. Our next-generation equipment delivers
leading-edge performance for our customers and structurally
improved returns for Halliburton.
Our 2023 results demonstrate the success of our profitableinternational growth strategy. In the international markets inwhich we operate, we expect higher international spending
for multiple years. To deliver strong shareholder returns
through this multi-year upcycle, we will execute on our

Chairman, President and CEO Jeff Miller

value proposition, deploy leading technologies, and exercise
disciplined capital allocation.
Maximize Value in North America

2023 was a great year for Halliburton and its shareholders.
The power of Halliburton’s strategy delivered some of thebest business performance we have seen in a decade.
We recorded revenue of $23 billion, operating income of$4.1 billion, operating margin of 18%, and return on capital
employed of 19%. In addition, we generated $3.5 billion of
cash flow from operating activities and $2.3 billion of free cash
flow. Consistent with our shareholder returns framework, wereturned $1.4 billion to shareholders in the form of dividends
and stock repurchases and we retired approximately $300

Halliburton is the only globally integrated service company
with the leading presence in North America, the world’s
largest oil field services market. Our leadership means wehave the resources to invest in next-generation technologies,
infrastructure to commercialize these technologies at scale,and expertise to execute at the highest levels of efficiency.
Today, the North America market continues to evolve witha growing segment of customers focused on productivity,
efficiency, and reserve recovery. This growing customer

million of debt.

segment employs long term development programs,

We achieved these results through execution on Halliburton's

minimizes operating cost through service efficiencies. We

five key strategies — Deliver Profitable International Growth,
Maximize Value in North America, Accelerate Digital andAutomation, Improve Capital Efficiency, and Advance a
Sustainable Energy Future. By delivering on our value
proposition: to collaborate and engineer solutions totargets improved reservoir recovery through technology, andexpect Halliburton to extend its technology leadership, deliver
unmatched efficiency through our design innovations, andexecute on its strategy to maximize value in North America.
Accelerate Digital and Automation

maximize asset value for our customers, we deepened

Halliburton’s strategy to advance digital and automation has

our relationships with customers, improved profitability, andtransformed both our service delivery and our businessdelivered on our strategy. Our commitment to doing businessperformance. Digital and automation lower our costs, improve

the REDWay: Responsibly, Ethically, and Diligently guided thissafety for our personnel, and lower our carbon footprint.

strategic execution and these results.

Today, that investment in digital and automation exists in our
product lines including innovations such as remote offshore

Deliver Profitable International Growthcementing jobs, automated directional drilling, and predictive

Halliburton operates in over 70 countries around the world —pump maintenance.

in both on- and off-shore markets, and across all major productHalliburton 2023 Annual & Sustainability Report

Introduction  6

Halliburton’s service quality leadership and leading approachto digital and automation strengthens our execution for

Strategic Priorities
at a Glancecustomers. To further advance our digital and automation
strategy, Halliburton has accelerated development anddeployment of new digital and automation technologies thatwill benefit our business and that of our customers.

Deliver industry-leading returns
and strong free cash flow

Improve Capital Efficiency
Capital efficiency improvement means we deploy innovative

Profitable
International
Growthsolutions to do more with less. Our technology anddevelopment pipeline focuses on technologies that structurally
improve our capital efficiency like our iCruise® intelligent
rotary steerable system and Zeus™ electric fracturing

Maximizing Valuein North America

fleets. These technologies require fewer spare parts, lower
maintenance expense, and structurally deliver higher returns
for shareholders.

Digitaland Automation

Advance a Sustainable Energy Future
Access to secure and reliable energy remains fundamental
to economic and social development, and Halliburton iscommitted to advancing a sustainable energy future. Our

Capital Efficiency

approach to advancing this future aligns squarely with our corecompetencies. We work to help our customers decarbonize
their operations. We advance a sustainable future throughSustainable
Energy Future

operations directly adjacent to our core operations. Finally,
through Halliburton Labs, we collaborate with early-stage
companies to advance the future of energy.
Into the Future
We are grateful for our employees and the work they do eachday. Together, we look forward to the opportunity to deliver

We are excited about 2024 and beyond. We remain focused

profitable international growth, maximize value in Northon delivering strong returns to our shareholders as we

America, develop and deploy digital and automation solutions,execute on our value proposition — to collaborate andincrease capital efficiency, and advance a sustainableengineer solutions to maximize asset value for our customers.

energy future.

Jeffrey A. Miller

Eric J. Carre

Lawrence J. Pope

Chairman of the Board, President
and Chief Executive Officer

Executive Vice President
and Chief Financial Officer

Jeffrey A. Miller

Eric J. Carre

Executive Vice Presidentof Administration andChief Human Resources Officer
Lawrence J. Pope

Chairman of the Board, President
and Chief Executive Officer

Executive Vice President
and Chief Financial Officer

Executive Vice Presidentof Administration andChief Human Resources Officer

Van H. Beckwith

Mark J. Richard

Shannon Slocum

Executive Vice President,
Secretary and Chief Legal Officer

President,
Western Hemisphere

President,
Eastern Hemisphere

Van H. Beckwith

Mark J. Richard

Shannon Slocum

President,
Western Hemisphere

President,
Introduction  7
Eastern Hemisphere

Executive Vice President,
Halliburton 2023 Annual & Sustainability Report
Secretary and Chief Legal Officer

OUR CORE VALUESTo learn about our mission, vision, values, and sustainability
guiding principles, visit the About Us page on our website.
MissionOur mission is to achieve superior growth and returns forour shareholders by delivering technology and services

Our Value Proposition:
We collaborate and engineer solutions tomaximize asset value for our customers.

that improve efficiency, increase recovery, and maximize
production for our customers.
ValuesOur values guide everything we do, underpinning how werelate to each other and everyone with whom we interact. Our
values are our corporate DNA, the foundation for how werelate to each other and every individual and entity with whom

Guiding Principles for Sustainability
Built on our values, the Halliburton Guiding Principles for
Sustainability provide the framework for our operations andour future.

we interact. These are the principles that every Halliburton
employee is expected to use, live by, and demonstrate on adaily basis.

Field employees in Mexico on rig site

Halliburton 2023 Annual & Sustainability Report

Introduction  8

MATERIALITY-BASED APPROACH
Halliburton defines sustainability materiality based on structured dialogue with our stakeholders, consideration of the topics they findimportant, and in concert with our existing commitments. We review our materiality assessment annually and it is approved by senior
management before it is used to define our sustainability priorities. Our 2023 matrix remains unchanged from 2022, and continues toserve as a foundation for our sustainability strategy. The sustainability materiality mapping is presented in the following visual matrix.

BED
FEP
CG
WHS
CS
EM
CM
SCHR

GHG
DI
ERM
LEI

y

r
Ve
gh

Hi

gh

Hi

M

WTR

e
at
er

od

Importance to Stakeholders

TDR
LRC

Impacts to Industry

GovernanceSocialEnvironmental

FEP

Financial and Economic Performance

GHG

Greenhouse Gas Emissions

SCHR

Supply Chain Human Rights

BED

Board Experience and Diversity

CS

Cybersecurity

LRC

Legal and Regulatory ComplianceCG

Corporate Governance, Business
Ethics, and Transparency

TDR

Talent Attraction, Development, andRetention

LEI

Local Environmental Impact and Risk
Management

EM

Energy Mix

DI

Diversity and Inclusion

WTR

Water Stewardship

WHS

Workplace Health and Safety

CM

Chemicals Management

ERM

Enterprise Risk Management

Dow Jones Sustainability Indices2023 marks the third consecutive year Halliburton has been named to the Dow Jones Sustainability North America
Index. DJSI assesses the sustainability performance of companies using a transparent, rules-based process based on
the annual S&P Global Corporate Sustainability Assessment (CSA).
Among its industry peers, Halliburton ranked in the 99th percentile or higher for Transparency and Reporting; Innovation
Management; Resource Efficiency and Circularity; and Talent Attraction and Retention.

Halliburton 2023 Annual & Sustainability Report

Introduction  9

SUSTAINABILITY COMMITMENTS
TopicsClimate Change

Environmental
Management

Innovation

Commitment

Material Issue

Metrics■■

Energy Mix■

GHG Emissions■

Greenhouse Gas Emissions■

Partner with Tier 1 suppliers to track and reduce Scope 3
GHG emissions.

■

Establish and achieve activity-based waste-reduction targets in our
major facilities.

■

Chemicals Management■

Waste Disposal

■

■

■

Create water-use improvement plans in our major facilities locatedin water-stressed areas.

Water Stewardship

Water Consumption■

Local Environmental Impact andRisk Management■

Spill Volume and Rate■

Lead the industry in innovation and conscientious stewardship ofglobal resources.

■

Financial and Economic
Performance■

Patents Granted■

Provide solutions that support decarbonizing our customers’
production base.

■Energy Mix

R&D Spend■■

Greenhouse Gas Emissions

Financial Performance■

Chemicals Management■■

Support universal human rights as defined by the United Nations
Universal Declaration of Human Rights through fair and ethicalemployment practices and our Code of Business Conduct.

■

Supply Chain Human Rights■

Supplier Human Rights
Assessments■

Target outperforming total recordable incident rate and lost-time
incident rate in the International Association of Drilling Contractors
sector benchmarking.

■Workplace Health and Safety■

Fatalities, Injuries, Safety
Incidents, and Rates■■

Achieve HSE training compliance >95%, driver competency>95%, and 100% completion of our annual Journey to ZERO
strategic objectives.

HSE Training Hours■

HSE Training Compliance■

Driver Competency■

Training Hours■

Business Leadership
Development Program andPresident’s Leadership
Excellence Program Attendees■

New Hires (#, %)■Turnover Rates■

Engagement Indices

Human Rights

Occupational Safety- Journey to ZERO

Achieve a 40% reduction of Scope 1 and 2 emissions by 2035
from 2018 baseline.

■

Skilled andCommitted
Workforce■

Have a skilled and committed workforce by listening andresponding to our employees’ feedback and committing to an
engaged workforce that feels valued with the right support andresources to be successful.

Provide a diverse and inclusive environment that upholds our corevalues of collaboration and respect, and provides all employees
opportunities for growth and development.

■

Talent Attraction, Development,
and Retention■

Board Experience and Diversity■

Female % New Hire by Region■

Diversity and Inclusion■

Localized Workforce % by Region■

Female Diversity■

Board Diversity■% Female in STEM Roles■% Racial Diversity in STEM
Roles (U.S. only)

Corporate Governance, Business
Ethics, and Transparency■

Board Independence■

Board Meeting Attendance

Diversity andInclusion■■

Risk Management■

Ethical Operations■

Supplier Conduct
and Responsible
Procurement■

Community
Relationships

Streamline risk categories, risk identification, and risk management
to ensure alignment with Halliburton strategy and place a focus onwhat matters most.

■■

Enhance cross-functional visibility to and collaboration among key
stakeholders throughout the organization to ensure consistency,
uniformity, and strategic approach to risk assessment,
identification, and mitigation.

Workplace Health and Safety■■

Cybersecurity

Risk Matrix■■

Legal and Regulatory
Compliance

Security Assessments■

Local Environmental Impact andRisk Management■

Enterprise Risk Management

Conduct business with integrity, choosing the ethical courseof action when confronted with challenging circumstances,promoting a speak-up culture free of retaliation, and treating our
employees and stakeholders honestly and fairly.

■

Corporate Governance, Business
Ethics, and Transparency■

Local Ethics Officers andEngagements/Trainings■

Ethics Training■

Code of Business Conduct(COBC) Statistics

Cultivate a sustainable supply chain through the continuous
improvement of internal processes, by performing proactive risk
assessments, and by working collaboratively with our diverse mixof global and local suppliers.

■■

Tier 1 Suppliers (#, $)■Spend with Small and Female
Diverse Suppliers■% Spend with Local Suppliers

Enhance the social value of communities in which we live andwork through effective engagement and social investment.

■

Talent Attraction, Development,
and Retention■

Charitable Giving■

Local Communities

Halliburton 2023 Annual & Sustainability Report

Supply Chain Human Rights

Introduction  10

ENGAGEMENT

available information with regard to topics like Board oversightand engagement; executive compensation; our people; health,safety, and the environment; and sustainable energy solutions.

Halliburton's management and Board of Directors receivea wide range of feedback about our business performance,

We solicited additional shareholder feedback with our annual

strategic priorities, and initiatives. We engaged in regularand quarterly reporting cycles, earnings conference calls, anddiscussions with our shareholders, customers, employees,

investor meetings. To engage with analysts and institutionaland others in 2023. The Halliburton website plays an importantinvestors, Halliburton's senior management and Investorrole in our outreach efforts and transparency.

Relations team hosted regular meetings and conference
calls. As part of our ongoing cadence of shareholder outreach,

Shareholders

we participated in 16 sell-side conferences, one non-deal

We engage in consistent, open dialogue with ourroadshow, and 304 investor meetings in 2023. All of thisshareholders. In fall of 2023, our independent Directors
hosted off-season meetings to better understand ourshareholder priorities and concerns. We offered opportunities
for engagement to shareholders who represented

feedback was presented to and discussed among the full
Board of Directors for execution of its oversight responsibility.
Customers

approximately 60% of our shares. Halliburton Directors andCustomer feedback plays an important role in Halliburton's

management communicated with 20 shareholders who

ability to make improvements to current solutions and torepresented approximately 55% of our shares and with thealign our research and development (R&D) investments with

two largest proxy advisors, Institutional Shareholder Services

customer needs and goals as we develop new products

Inc. and Glass Lewis. We hosted video-conferences andand solutions. Halliburton's executive leadership, businessin-person meetings that included engagements with either

development team, and product lines conduct regular

Murry Gerber (Chair of the Compensation Committee) or

customer engagement to develop and maintain in-depth

Robert Malone (Lead Independent Director) and Halliburton

understanding of the strategies, priorities, and requirements

senior management.

relevant to our customers. We gain a thorough understandingof customers' short- and long-term efficiency, technology,

We made our refreshed shareholder presentation available

and sustainability goals through direct communication withto the shareholders we offered to engage with even if they

them. Our collaboration with our customers provide insights

could not attend one of our video calls or meetings. We also

into ways we can best develop and offer solutions that bothoffered to follow up to discuss any questions or concerns. Our

maximize asset value and aid efforts to further the future2023 updates to these materials highlight the most recentof energy.

CEO Jeff Miller conducts site visit

Halliburton 2023 Annual & Sustainability Report

Introduction  11

Employees

Halliburton's Government Affairs program focuses on helping

We promote a welcoming and inclusive work environment

government officials, policymakers, and local operations

in order to ensure the well-being of our employees and ourmanagement teams understand our technologies andown continued success. To encourage an environment of

products. The program makes in-depth information about

openness and teamwork across our global workforce, we

our business available. It also facilitates collaboration withengage in activities and initiatives like town hall meetings,

them on issues our customers, employees, and other

Check-ins (our performance-management process),stakeholders prioritize.

workshops, employee resource groups, performance
feedback, and a biannual Employee Pulse Survey (EPS). These

Government officials and policymakers contact us to learn

activities and initiatives, which occur in local geographies or atfrom our knowledge and experience about energy-related

the global level for individual product service lines or functions,

topics. In recent years, these conversations have often

help us strengthen a workplace culture in which Halliburton

focused on our new technologies, electric fracturing, carbon

employees feel their voices are heard.

capture, and geothermal energy opportunities. At times, we
also assist foreign service offices, consulates, and embassies

Halliburton considers our biannual EPS an importantaround the world as a resource on questions about technology

opportunity to hear from employees about what matters toand local content.

them. The input we receive helps us identify ways we can
improve our workplace for all employees. Our August 2023
EPS yielded a record-high response rate. Read more in the
Employee Pulse Survey section of this report.

Local Communities and Non-Governmental
Organizations
Halliburton promotes the economic and social well-beingof the communities where we work. We meet with

Suppliers

non-governmental organizations, community groups,

Halliburton's ability to provide world-class service to ourand nonprofits to better understand their concerns andcustomers is enabled in part by our cultivation of a resilient,sustainable supply chain that creates value for Halliburton andour customers. We engage with an array of suppliers, both
locally and globally, who share our commitment to integrityand ethical business practices.

requirements; engage in charitable giving to local community
organizations through corporate giving initiatives andcharitable foundations; and host volunteer opportunities
focused on education, health and safety, environmental
cleanup and awareness, and social services to give back to
our communities.

To ensure our ethical standards are upheld, we gather
feedback from and collaborate with our suppliers on mattersthat include health and safety procedures, human rights
compliance, and environmental impact. Our sustainability
approach and sourcing platforms, meetings, workshops,
and training sessions help facilitate consistent, in-depth
engagement with suppliers.
Regulators
Halliburton is a global company, and our operations take placein countries and jurisdictions that have varying regulatory
requirements. We remain actively engaged with the regulators
and agencies that create and enforce regulatory standards toprotect the environmental, social, and economic fabrics of thecountries where our operations take place.

Halliburton 2023 Annual & Sustainability Report

Introduction  12

GOVERNANCE
Good corporate governance builds trust with our shareholders, customers, and employees. Halliburton designed
its corporate governance structure to increase transparency and shape our approach to ethical business conduct.
Halliburton's Board of Directors oversees our work to establish governance structures, policies, and practices that
help foster accountability and reduce risk.
For more information about corporate governance at Halliburton and our Board of Directors — including roles
and responsibilities, committee structure, and individual Director qualifications — visit the Corporate Governancepage of the Halliburton website or our 2024 Proxy Statement.

G1
G4

CORPORATEGOVERNANCE
ANTI-BRIBERY,
ANTI-CORRUPTION,
AND FAIR COMPETITION

Halliburton 2023 Annual & Sustainability Report

G2
G5

ENTERPRISE RISKMANAGEMENT
SUPPLY CHAIN
GOVERNANCE

G3G6ETHICS ANDCOMPLIANCE
PUBLICPOLICY

Governance  13

Halliburton's Board of Directors

G1

CORPORATEGOVERNANCE

DEEP EXPERIENCE
Halliburton's Board of Directors oversees our long-term
strategy. Its Directors bring deep and diverse experience totheir roles from a variety of industries that include energy,
finance, science, technology, legal, human resources (HR),and health, safety, and environment. The Board includes
current and former chief executive officers of public and

In addition to Halliburton's Articles of Incorporation andprivate companies and a former university president. The

By-laws, Halliburton's Board of Directors Corporate

Directors' diverse professional backgrounds include academia,

Governance Guidelines provide governance structure forscience, publicly and privately held businesses, government,

our business. The Board reviews these guidelines on anstartup entrepreneurship, and governance.

annual basis.

Halliburton 2023 Annual & Sustainability Report

Governance  14

BOARD OF DIRECTORS(1 - Audit Committee; 2 - Compensation Committee; 3 - Health, Safety and Environment Committee; 4 - Nominating and Corporate Governance Committee)

Abdulaziz F. Al
Khayyal (1, 3)

William E.
Albrecht (2, 3)

M. Katherine
Banks (3, 4)

Alan M.
Bennett (1, 4)

MiltonCarroll* (2, 4)Former Director and SeniorVice President of Industrial
Relations, Saudi Aramco

President, Moncrief
Energy, LLC

Former President,
Texas A&M University

Former President andChief Executive Officer,
H&R Block, Inc.

Former Executive
Chairman of the Board,
CenterPoint Energy, Inc.

Earl M.
Cummings (2, 3)

Murry S.
Gerber (1, 2)

Robert A.
Malone (2, 4)Jeffrey A.
MillerBhavesh V.
Patel (1, 3)

Managing Partner, MCM
Houston Properties, LLC

Former Executive
Chairman of the Board,
EQT Corporation

Executive Chairman,
President and Chief
Executive Officer, First
Sonora Bancshares and theFirst National Bank of Sonora

Chairman of the Board,
President and Chief
Executive Officer,
Halliburton Company

Maurice S.
Smith (2, 3)

Janet L.
Weiss (1, 4)

Tobi M.
Edwards Young (1, 4)

President, Chief Executive
Officer, and Vice Chair, HealthCare Service Corporation

Former President,
BP Alaska

Senior Vice President,
Legal, Regulatory,
and Corporate Affairs,
Cognizant Technology
Solutions

President, Standard
Industries*Mr. Carroll notified the Board on February 13, 2024, of his intent to not stand for re-election at the 2024 Annual Meeting of Shareholders. He will serve as director until his term ends
immediately prior to the Annual Meeting of Shareholders on May 15, 2024.

SUSTAINABILITY OVERSIGHT
The Halliburton Board's Nominating and Corporate Governance Committee provides general oversight for sustainability. Other Board
committees assist with sustainability oversight as shown in their respective charters.

Halliburton 2023 Annual & Sustainability Report

Governance  15

The following chart details the primary oversight responsibilities held by each of Halliburton's Board committees:

Nominating andCorporate GovernanceCommittee

Audit Committee

Health, Safety andEnvironment Committee

Compensation
Committee■

Overall sustainability■■

Corporate Governance
Guidelines

HSE matters andsustainability■■

Principal independent
public accountants

Overall executive
compensation program■■

HSE risk-management
processes■

Director selfevaluation process andperformance reviews

Internal Assurance
Services and the Ethics
and Compliance group■■

Financial statements
and accounting systems
and controls

HSE performance■

Environmental impact,
including climate
matters

Effectiveness ofcompensation program
to attract, retain, andmotivate Section 16
officers■

Pay and incentive plans
metrics, including
Non-Financial Strategic
Metrics■■

Board refreshment■

Board's mix of skills,
characteristics,
experience, andexpertise■■Enterprise risk,
including information
security andcybersecurity*

Director compensation■■

Management
succession planning

Control structure forexternally reported nonfinancial metrics■

Political and lobbying
spending*The Board of Directors receives quarterly cybersecurity updates.

EXECUTIVE COMPENSATION

governance of our executive compensation program in theHalliburton's executive compensation program focuses

cap in our long-term incentive plan for negative Return on

on incentivizing performance, maximizing returns, andCapital Employed (ROCE) performance and increased thebuilding shareholder value. It is integrated with our overalltarget performance level for relative ROCE. These changes

business strategy and management processes, and isdirectly reflect feedback we received from our shareholders

performance-based, at-risk, and long-term. Our long-term

and further strengthened the program's design throughincentive plan includes relative performance measures, andalignment of pay opportunities, business performance, andour annual incentive plan combines financial and non-financial

pay outcomes, and demonstrated our commitment to put

strategic metrics. For additional information, visit our 2024

forth a market-competitive program that produces the results

Proxy Statement.

our investors expect.

last few years. Most recently, we implemented a payout

Halliburton's commitment to shareholder input resulted
in numerous, substantive changes to the structure and

Board of Directors and other leaders visit Halliburton test rig facility inTexas

Halliburton 2023 Annual & Sustainability Report

Governance  16

G2

ENTERPRISE RISKMANAGEMENTOur RiskManagement Sustainability
Commitments■ Streamline risk categories, risk identification, and risk
management to ensure alignment with Halliburton

Halliburton's risk-assessment process relies on a consistent,

strategy and place a focus on what matters most.

systematic, integrated approach to risk, and includes a yearly■ Enhance cross-functional visibility to and collaboration

review of items that have potential to impact our businessamong key stakeholders throughout the organization tocontinuity, strategy, and crisis management. Halliburton

ensure consistency, uniformity, and strategic approach toreports to the Board of Directors on the results of therisk assessment, identification, and mitigation.

risk-assessment process. This process is part of Halliburton'sEnterprise Risk Management (ERM) program, which isdesigned to identify, mitigate, and manage enterprise-levelrisks to our organization as well as other strategic risks.

GLOBAL IT INFRASTRUCTURE
ANNUAL ENTERPRISE RISKASSESSMENT

Halliburton's IT strategy includes modernized infrastructure,

Halliburton's refreshed risk-assessment process continued

with and supports our broader digital and automation strategy.

in 2023. We conduct this process with our partnership with

We continue our efforts to optimize all applications deployeda global leader in ERM programs. This streamlined andto cloud-based digital platforms. This includes applications

collaborative approach to strategic risk assessments is one

that are new to the cloud as well as those we migrated fromway we identify and prioritize top risks.

previous platforms. These efforts reduced the on-premise

networks, and applications that provide agility, scalability, andflexibility to our business and customers. This design aligns

infrastructure required for our work. At the end of 2023, we
The process consists of yearly workshops that facilitate open

achieved our goal to reduce our global data center footprint

dialogue, debate, and existent and emergent risk evaluation.

by 75%.

This year, 79 Halliburton executives participated to discuss,evaluate, and score risks based on their potential impact,
likelihood of occurrence, and risk-mitigation preparedness.
Workshop results provided valuable feedback for focusingrisk-mitigation attention and opportunities for processoptimization. We incorporate insights gained into upcoming
plans and utilize them to help Halliburton minimize risks andmaximize opportunities as it achieves its strategic plans.

Halliburton 2023 Annual & Sustainability Report

Governance  17

CYBERSECURITY

Halliburton continued to perform OT security

Halliburton takes every threat to cybersecurity seriously. Ourassessments promote proper governance of cyber controls;

Board receives quarterly updates about cybersecurity mattershelp us evaluate evolving cyber risks; and improve our productand Halliburton's Audit Committee receives an in-depth annualline network segmentation, monitoring, and endpoint security

review on the topic.

management. We regularly evaluate advanced cybersecurity

self-assessments for all of our product lines in 2023. These

technologies with potential to help Halliburton expand our
Halliburton invests significant resources to protect our

portfolio of OT security solutions.

systems and data. We do this in ways that align with industry
standards, such as the National Institute of Standards

In 2023, we further enhanced our annual cybersecurity training

and Technology (NIST) Cyber Security Framework, NIST

program. We launched additional training on specific subjects,

800-53, NIST 800-82, and International Electrotechnicalsuch as phishing and privileged access management, that

Commission 62443.

are now required for select groups of Halliburton personnel
and optional for the rest of our employees. The groups that

The following are examples of measures taken to implement

are required to complete these new training courses do so

our Defense-in-Depth design philosophies for Information

alongside Halliburton's annual cybersecurity training course,

Technology (IT) and Operational Technology (OT) systems:

which is required of all our employees and contractors. We■

Multi-factor authentication, which verifies users’ identities

also added a new OT Security training that is required for all

beyond their credentials

Halliburton employees and contractors.

■“Zero trust,” which establishes layers of protection forusers and devices■“Least privilege,” which limits the content individual users
can accessAnalyst monitors application and infrastructure performance using iEnergy® platform

Halliburton 2023 Annual & Sustainability Report

Governance  18

Halliburton chemical reaction plant in Saudi Arabia

PHYSICAL SECURITY
Halliburton takes active steps to protect the physical safety of
employees. Where employees' work responsibilities mightcause risks to their physical safety, we have established safety
procedures and infrastructure to minimize those risks.
Our security team monitors and assesses current anddeveloping global security risks where Halliburton operates.
It works collaboratively with local management teams todevelop and execute security plans. These efforts include
controls designed to enhance the security of Halliburton's
personnel and assets.
Workplace Violence Prevention
Halliburton works to maintain a secure and safe workplaceenvironment for all of our employees. Our Code of Business

Global Travel Risks
Halliburton operates business on a global scale. We use our
network of security specialists and our 24-hour Global Security
Operation Center (GSOC) to monitor global security conditions
and associated risks. Because we maintain vigilant attention to
global security conditions, we can warn our employees about
threats, incidents, or local developments that may affect themon business-related travel.
Autonomous Security Technology
In 2023, we continued to integrate security technologies
to provide enhanced capabilities for security operations,emergency response, and autonomous access control.
This included the extension of our drone program, which
recorded over 1,000 miles flown and improved our overallsituation awareness.

Conduct (COBC) and security controls are the foundation of
workplace safety at Halliburton. Through on-demand training,
we communicate with employees and managers about
the best ways to recognize, report, and manage threatsof violence.

Halliburton 2023 Annual & Sustainability Report

Governance  19

G3

Our Ethical Operations
Sustainability Commitment

ETHICS ANDCOMPLIANCE■ Conduct business with integrity, choosing the ethicalcourse of action when confronted with challenging
circumstances, promoting a speak-up culture free ofretaliation, and treating our employees and stakeholders

Everything we do at Halliburton is founded on respect andhonestly and fairly.

integrity, which are two of our core values. Our longstanding
ethics and compliance program enables us to maintain thisfoundation. Halliburton's Global Ethics and Compliance group,
which is led by the Chief Ethics and Compliance Officer andsupervised by the Audit Committee, administers the ethics
and compliance program. The program includes Halliburton's
Ethics Helpline, whistleblower protections, and COBC. Visit
the Halliburton COBC page of our website to learn more
and find the full text of our COBC, which is available inmultiple languages.

ETHICS AND COMPLIANCE
TRAINING
Halliburton provides robust training for everyone at theCompany, and in-person or online COBC training is required ofall employees and contractors of Halliburton who have accessto our systems. Our ethics and compliance training program

LOCAL ETHICS OFFICERS
Halliburton's Local Ethics Officers (LEOs) are employees who

ranges from managerial development programs hosted bycorporate executives to site-specific training at job sites and avariety of other opportunities.

have chosen to assume an additional responsibility to promoteawareness of ethics and compliance. Employees who areappointed to be LEOs receive training about ethical behavior
modeling; best practices to answer employee questions andTraining Hours for COBC, Anti-Corruption, and Enhanced Procurement
Fraud in Countries Designated as High-Risk
Number of Hours

provide guidance; and how to receive and escalate reports ofsuspected misconduct. They work locally to help supplement

2021

our COBC-based ethics and compliance training program
through their presentations on ethics topics and serve as
community resources. At the end of 2023, 51 LEOs in 35
countries served in this role.

2022

2023

56,68958,07860,107

Halliburton LEOs provide relevant, timely, and targetedin-person and virtual ethics and compliance training aroundthe globe. In 2023, Halliburton LEOs conducted 1,764
presentations. They are a critical avenue of communicationfor our global compliance program from the office to thewellhead. In addition, because our LEOs are present in local
offices, our employees have one more resource they can
go to if they wish to raise a concern or report a suspectedethics violation.

1,764

Number of LEO
Presentations

Halliburton 2023 Annual & Sustainability Report

Field employee discussion in Añelo, Argentina

Governance  20

G4

ANTI-BRIBERY,ANTICORRUPTION,
AND FAIRCOMPETITION
Everyone who conducts business on Halliburton's behalf— from employees, contractors, and suppliers to agents,
consultants, officers, and directors — is required to follow
our anti-bribery, anti-corruption, and fair competition policies
and procedures. Our COBC references relevant policies andpractices and our commitment to these principles.

OUR REQUIREMENTS
Halliburton employees are expected to conduct business withintegrity and to be guided by our core values. Employees mustcomply with the U.S. Foreign Corrupt Practices Act, the UK
Bribery Act 2010, and similar laws that apply to our business.
Our employees also must engage in fair competition forbusiness and win it in a legal and ethical manner.

EMPLOYEE TRAINING
Every employee with relevant job functions, as well as
employees who work in high-risk countries, must complete
our anti-corruption and anti-bribery employee training
course. The training course emphasizes Halliburton's corecommitment to conduct business the REDWay and to engage
in and win business fairly, professionally, and with integrity. It
also reviews topics like business relationship management,
due diligence, and how to ethically engage in businesshospitality and charitable contributions.
Halliburton's Global Ethics and Compliance group supports
and supplements our web-based anti-corruption training
courses with in-person and virtual trainings each year. Our
Global Ethics and Compliance team visits with employees
and contractors in our geographies, product service lines,
and functions, including at manager boot camps, Halliburton
corporate and operational facilities, and corporate gatherings.

Global Ethics & Compliance team member leads in-person training in KuwaitHalliburton 2023 Annual & Sustainability Report

Governance  21

G5

SUPPLY CHAIN
GOVERNANCE

Our Supplier Conduct andResponsible Procurement
Sustainability Commitment■ Cultivate a sustainable supply chain through thecontinuous improvement of internal processes, by

Halliburton works with suppliers who share our commitment

performing proactive risk assessments, and by working

to integrity and ethical business practices. We use a standard

collaboratively with our diverse mix of global andapproach to screen suppliers and measure their compliancelocal suppliers.

with our rules, terms, and conditions. We also review andmonitor our current suppliers' practices to confirm they
comply with Halliburton's policies. Learn more about our
Supplier Management System, local supplier procurement
policies, modern slavery and trafficking prevention, conflict

At present, Tier 1 suppliers representing 89% ofminerals, and supplier compliance and training-related

Halliburton's annual spend have been engaged via the

expectations on the Supplier Relations page of theplatform. Tier 1 suppliers representing 68% of Halliburton's

Halliburton website.

annual spend are now fully registered in the platform andundergoing assessment.

DRIVING A SUSTAINABLE
VALUE CHAIN
Halliburton knows effective due diligence of our supply chain
is essential to build and maintain sustainable operations.
It is important to select suppliers that operate sustainably.
Halliburton's work to select and qualify suppliers includes
evaluations of suppliers' sustainability commitments. We
expect our suppliers to improve with us in sustainability
matters. We also encourage our suppliers to track
their sustainability performance and proactively pursue

Tier 1 suppliers representing:

89%
68%

of Halliburton's annual
spend engagedof Halliburton's annual
spend registeredcontinuous improvement.

SUPPLY CHAIN MONITORING
PLATFORM
Halliburton continued to develop and implement a digital
supply chain monitoring platform in 2023. This cloud-based
platform collects and monitors sustainability data fromsuppliers on a wide range of topics that include human rights,
conflict minerals, supplier diversity, and carbon footprint.
Halliburton uses this system to engage with our supply chain
partners on key sustainability issues, identify and prioritizerisks, manage supplier corrective action plans, and track
vendor progress on carbon footprint reduction.

Halliburton 2023 Annual & Sustainability Report

Governance  22

PERFORMING DUE DILIGENCEIN OUR SUPPLY CHAINSHalliburton includes evolving international Human Rights

Policies

assessment, we consult international standards, such as theHalliburton's contracted suppliers must commit to protect andUN Guiding Principles for Business and Human Rights and The

uphold the fundamental human rights of their employees as

Organization for Economic Co-operation and Development

defined by the UN Universal Declaration of Human Rights. We

Due Diligence Guidance for Responsible Business Conduct.

legislation, particularly import and trade restrictions, in
our risk assessment methodology. In the course of risk

use our Supplier Ethics Letter and Supplier Ethics Statement
to communicate ethical expectations to our suppliers. In 2023,

The supply chain monitoring platform has enabled Halliburton

we enhanced our supply chain policies by embedding ourto expand our supplier human rights due diligence program

sustainability commitments and requirements in them.

and take effective action to reduce risks and improvesustainability performance over the long term. It administers

Risk Assessment

questionnaires to suppliers about key Human Rights andDuring onboarding, we require potential suppliers to engage

Labor topics. We have used the platform to conduct Humanin a risk-evaluation process via our procurement system.
Depending on supplier risk level, we collect information suchas insurance documentation and safety risk assessments.
We also conduct screenings for export controls. We then use

Rights and Labor evaluation for 4,496 suppliers (which
comprises 56% of our global spend).
Human Rights Audit and Supplier Evaluation

our supply chain monitoring platform to conduct sustainability

In 2023, we continued to enhance our high-risk supply chain

assessments. As a data collection and mapping tool, thisdue diligence. Through Halliburton's ongoing collaboration withplatform plays an important role in making it possible fora third-party human rights auditor, we maintained our practiceHalliburton to analyze data, pinpoint risks within our supply

of on-site human rights audits of suppliers. We consider

chain, and prioritize areas for follow up. When we work to

the scale of our business with particular suppliers and thedetermine which risk levels to assign to suppliers, we assess

nature of the goods or services they provide to determine thethem based on relationship, category, and geography.

proper scope and form of our audits. We conduct Workplace
Conditions Assessments, Labor Provider Audits, and Service
Provider Audits, among others.

Our Approach to Supply
Chain Sustainability

Halliburton evaluates our critical suppliers annually. In theseevaluations, we look at suppliers' risks related to safety, quality,
environment, social responsibility, economics, and corporate
governance. Suppliers must respond to a questionnaire thatasks about their level of compliance with Halliburton's COBC,
safety standards, and requirements. If a supplier is found to

Communication& Training

be non-compliant with Halliburton's standards, our response
actions can lead to supplier termination.

Reporting &Accountability

Risk Analysis

Halliburton's Human Rights policies.

Embeddingsustainability in supply
chain processes
Performance
Monitoring

Visit Chapter S4 Human Rights to read more about

Impact Analysis

Risk Mitigation /Remediation

Halliburton 2023 Annual & Sustainability Report

Governance  23

Conflict Minerals
Halliburton is a member of the Responsible Minerals Initiative.
We work with our suppliers to make sure they ethically source

LOCAL CONTENT AND
SUPPLIER DIVERSITY

conflict minerals. Non-compliant suppliers are subject toHalliburton draws strategic and competitive operationaltermination or corrective actions.

advantages from its strong, established relationships withlocal suppliers. As we support them, we help expand national

In 2023, our cloud-based supply chain monitoring platform

and local suppliers' capacities and competencies, promoteenabled us to increase our supplier response rate from 78%

positive labor practices, and stimulate local economies.

to 86%. It also affords us better visibility into our suppliers'

We engage in legal, ethical work with governments andactions; greater ease in collaboration with suppliers on

customers around the world to meet our local content targets.

appropriate remedial or corrective actions; and a more intuitive
assessment platform.

Halliburton collaborates with industry counterparts and
IPIECA to develop standardized local content measurement
and reporting practices for the global oil and gas industry. We

SUPPLY CHAIN TRAINING

helped create new local content guidance for the oil and gas
industry that was published in March 2023.

To deliver training about sustainability and supply chain
mapping to our internal personnel and external suppliers,

In 2023, we engaged 5,992 suppliers with questions about

Halliburton engages resources from professional training

diversity via our cloud-based supply chain monitoring platform.

bodies that develop material focused on supply chain

This inquiry was designed to validate data and identify diverseand procurement practices. In 2023, in collaboration

vendors in our network. We also expanded supplier diversity

with the Supply Chain Sustainability School, we piloted

to include disabled- and veteran-owned businesses.

sustainability-related training to key internal employees andexternal stakeholders.
The Supply Chain Sustainability School enables us to provide
a wide range of sustainability training on a variety of topics,
including modern slavery, ethical procurement, environmental
protection, and climate change. This includes the International
Petroleum Industry Environmental Conservation Association(IPIECA) Labor Rights Training, which covers topics such as fairrecruitment, worker grievance mechanisms, and forced labor.
We also continued our internal training on Supply Chain
Sustainability Awareness for supply chain employees in 2023.
This training covers a range of key sustainability topics relevant
to our supply chain, including emissions, supply diversity,
supply chain risk mapping, modern slavery and related
legislation, the UN Sustainable Development Goals, and UN
Guiding Principles on Business and Human Rights.

Halliburton 2023 Annual & Sustainability Report

Governance  24

G6

PUBLIC POLICYPOLITICAL ACTIVITY AT
HALLIBURTON
Halliburton does not use corporate dollars to make directcontributions to political candidates or parties. Halliburton's
political action committee, the Halliburton Company Political

The global energy industry is subject to a set of complex,

Action Committee (HALPAC), is multi-candidate andever-evolving regulations. We engage on public policy issues

non-partisan. You can learn more about HALPAC on therelevant to Halliburton, our operations, and our workforce.

Public Policy page of the Halliburton website.

TRANSPARENCY ANDOVERSIGHT
Transparency is a corporate priority at Halliburton. We
maintain practices that enable transparency and implement
new practices that increase our transparency each year.
Our Board's Nominating and Corporate GovernanceCommittee reviews and approves political engagements
such as Halliburton's lobbying activities, payments to tradeassociations, and political expenditures, as provided by theHalliburton Policies for Political Engagement.
The CPA-Zicklin Index assesses political engagement policies
at S&P 500 companies for transparency and accountability.
Companies scored on the CPA-Zicklin Index have theirCPA-Zicklin Index
Trendsetter Status
In 2023, Halliburton scored a 93 on the
CPA-Zicklin Index with a raw score of 65
points. A score of 90 or above indicatesrobust disclosure and oversight and classifies
a company as a Trendsetter, a status
Halliburton obtained in 2022 and maintainedin 2023. We are the only oilfield services
company currently classified as a CPA-Zicklin
Index Trendsetter.

company policies and practices reviewed in 24 areas, including
political contributions, trade associations, and political action
committee (PAC) activities.

Halliburton 2023 Annual & Sustainability Report

Governance  25

ENVIRONMENTAL
Globally, oil and gas continue to be critical sources of energy. The pursuit of a lower carbon future must accountfor their place in the global energy mix. Halliburton focuses on three fronts to drive decarbonization: delivertechnologies that help reduce the emissions intensity of our own and our oil and gas customers' operations;service growing markets such as carbon capture, utilization, and storage (CCUS) and geothermal energy throughour Low Carbon Solutions business; and continue to help innovators and entrepreneurs scale across the broader
energy system through Halliburton Labs, which also allows us to learn how we can add value to this broader
space. Our efforts also go beyond carbon as we continue to implement measures to reduce waste generationand optimize water use.

E1

EMISSIONSREDUCTION
PROGRESS

Halliburton 2023 Annual & Sustainability Report

E2

THE FUTURE OF
ENERGYE3

ENVIRONMENTAL
MANAGEMENT

Environmental  26

E1

Our Climate Change
Sustainability Commitments

EMISSIONSREDUCTION
PROGRESS■ Achieve a 40% reduction of Scope 1 and 2 emissions by
2035 from 2018 baseline.
■ Partner with Tier 1 suppliers to track and reduce Scope 3
GHG emissions.

Halliburton understands the oil and gas industry has animportant role to play to help reduce the world's emissions,and that affordable, secure energy is essential for global
economic development. We are dedicated to our work to

Scope 1 GHG Emissions
MTCO2ereduce emissions, improve efficiency, and advance thedevelopment of clean energy options. Our Chief HSE Officer
has responsibility to define and execute our emissions
reduction strategy, which the HSE committee of our Board of
Directors oversees. The Board also receives regular updates

3,503,441

2021

3,320,350

2022

3,443,1742023

about Halliburton's progress. You can read our Climate ChangeStatement, Climate Risk Scenario Analysis, and additional
information about our emissions reduction efforts on theHalliburton website.

Scope 2 Market-Based GHG Emissions
MTCO2e248,949

2021

FOCUS ON EMISSIONSREDUCTION
In 2023, we continued to invest in innovations and initiatives
that support progress toward our 2035 emissions reduction
target. We expect total emissions to fluctuate in the near term
as market dynamics, our hydraulic fracturing equipment mix,
and operational efficiencies affect our emissions. Hydraulicfracturing accounts for about 80% of our carbon footprint, andstrong demand for oil and natural gas supply drove demand forour services which resulted in a 15% increase in our absolute
Scope 1 and 2 emissions year over year. However, our overall
emissions intensity is down 13% compared to 2018, whichsuggests we are on track to meet our target.

405,1142022

843,3762023

help customers reduce their emissions. Over the last two
years of electric fracturing deployments, we have reduced
our North America fracturing-related emissions intensity by acumulative 4%.
Our electric fracturing units provide a lower emissions profile
relative to other units and offer power source optionalitythat include grid power and different sources of natural gas.
Halliburton's customers recognize our units as valuable
options in their emissions reduction journeys.

Given the continued expansion of our electric fracturing fleet,
our Scope 2 emissions went from 11% of our total reported
emissions in 2022 to 20% in 2023. We expect this shift
to continue as more of our diesel-powered equipment is
replaced by electric units over time. Continued electrification
will open new avenues for emissions reduction given powersource optionality.
Fracturing Electrification
We continue to deploy new electric fracturing units,

Fracturing electrification operations

which reduce the emissions intensity of our fleet andHalliburton 2023 Annual & Sustainability Report

Environmental  27

Facilities
Sustainability is integrated into our real estate processes.
Due to our efforts to assess and improve the efficiency of ourfacilities through initiatives such as solar energy, LED lights,
renewable electricity procurement, and the optimization ofother mechanical systems, we reduced over 39 million kWh
in 2023.
Nine of Halliburton's sites located in Canada, India, and the
U.S. currently purchase 100% renewable power. In 2023,
Halliburton installed LED lighting at 26 sites globally, andwe have contracted installations at nine additional sites.
This ongoing initiative has shown a 62% average reduction in
U.S. lighting-related electricity consumption.

Mapping Carbon in Our
Supply Chain
In 2023, Halliburton collaborated with
IPIECA and other oil and gas companies todevelop a standardized process to define
and calculate embodied carbon for selectpurchased materials.
Halliburton uses analytical tools to assess
our suppliers' carbon footprint management
maturity. To date, Halliburton has assessed
the maturity of over 4,116 suppliers. Aided
by direct discussions with our suppliers, wehave also started to collect product carbon
footprint data. Learn more about thecloud-based platform we use in the Supply
Chain Monitoring Platform section ofthis report.

Halliburton CompletionTechnology and Manufacturing Center, Singapore (Lion Facility)

Halliburton 2023 Annual & Sustainability Report

Environmental  28

E2

THE FUTURE OF
ENERGY

Our Innovation
Sustainability Commitments■ Lead the industry in innovation and conscientious
stewardship of global resources.
■ Provide solutions that support decarbonizing ourcustomers’ production base.

The world requires a diversified use of all sources of energy,
each of which has a role to play in the future. At Halliburton,
we deliver value to the broader energy landscape. Our work is
focused in three spaces:■

We provide goods and services to help our customers
reduce the emissions footprint of their operations.

■

We put our core competencies to work to deliver
solutions to low-carbon energy projects such as CCUS
and geothermal energy.

■

Through Halliburton Labs, we help early-stage companies
in emergent energy sectors scale as we learn about
where we can strategically engage new markets.

Digital Emissions Calculations
In 2023, we integrated the Envana™ emissions data
management software with our service delivery workflows
and equipment sensors. This integration was accomplishedin several product service lines and enables us to generatereliable, repeatable, and detailed emissions data for jobs
executed by these product service lines. Halliburton uses
this data to report verifiable emissions data, collaborate withcustomers to identify opportunities to reduce emissions, and

LOWERING THE CARBON
INTENSITY OF OUR
CUSTOMERS' OIL AND GASOPERATIONS

inform our product development.

Halliburton helps our customers lower the carbon intensity of
their operations through innovative, data-driven solutions in thefull well lifecycle. The oil and gas industry provides affordable,
reliable energy that is necessary for the global society andits growth. The path toward a lower carbon future includes
hydrocarbons produced more efficiently and with a reduced
carbon footprint.
Our approach to sustainability is embedded in our new
technology development process and customer collaboration.
We develop and deliver solutions that help our customers
reduce emissions, maximize their assets, and build asustainable future.

Our data-driven solutions positively impact ouremissions footprint and are key to our end-to-end
sustainability strategy

Halliburton 2023 Annual & Sustainability Report

Environmental  29

Sustainability in the Product Development Process
All new product-related research and development at
Halliburton follows LIFECYCLE, our technology development

Intelevate™ Platform

process. LIFECYCLE's steps consider, among other factors,
ways to minimize and quantify potential sustainability-relatedIntelevate™ Platform, developed throughimpacts. It is a rigorous, interdisciplinary, and collaborative

LIFECYCLE, is a customizable digital platform

stage-gate product development process that facilitatesthat helps operators design, build, andsuccessful technology commercialization.

operate end-to-end electrical submersible
pump (ESP) monitoring solutions. It facilitates

In 2023, we simplified how we identify products or services

faster, more accurate goal setting andthat help our customers reduce emissions and standardized

operating plan development. A customer that

how we qualify environmental impact early in the technology

adopted the Intelevate™ Platform increased

development process. We also improved our process

their average equipment run life by over 60%.

controls, which monitors our project launches from inception

It enabled the customer to remotely operate

to commercialization.

around one-third of their ESP operationsin the Permian Basin and decreased the

If a product or service is determined to have a favorable

number of technician visits made by 50 visits

sustainability impact during the LIFECYCLE process, it is thenper month.

classified in one of the following categories:
1.

CO2e footprint reduction

2.

Direct/indirect input (i.e, electricity, raw materials, or
logistics) and/or waste reduction

3.

CO2e footprint assessment and/or emissions mitigation

4.

Low Carbon Solutions

Combining design and monitoring expertise with data science to digitally transform ESP performance

Halliburton 2023 Annual & Sustainability Report

Environmental  30

2023 TECHNOLOGY SUSTAINABILITY MATRIXHalliburton maps the lower environmental impact technologies we launch in our Technology Sustainability Matrix. This reference
document identifies our environmental impact-reducing technology offerings according to every stage of the well lifecycle. The
excerpt below highlights products and services we launched in 2023. More information can be found on the Sustainability page of the

Geothermal

Carbon Capture, Utilization,and Storage

Materials and Logistics

Water Optimization and Waste
Reduction

Customer Emissions Inventory
Optimization

Electrification

Products / Services

Operational Efficiency

Halliburton website.

ARTIFICIAL LIFT
Intelevate™ Platform

■

■

■

■

■

■

■

BAROID
BaraFLC® Nano nanoparticle wellbore sealant additive for water-based fluid systems
COMPLETION TOOLSIsoRite® -FT Multilateral completion system■

PRODUCTION SOLUTIONS■

Hydra-Blast® Pro wellbore cleaning service
SPERRY DRILLING
PulseStar™ intelligent high-speed telemetry service■

GuideStar™ continuous definitive survey measurements service■

iCruise® CX intelligent rotary steerable system

■

■

■
■

■

■
■

EarthStar® X near-bit, shallow, and ultra-deep resistivity service■

TESTING & SUBSEA
Remotely Operated Control System (ROCS)■

Subsea Controls and Intervention Light System (SCILS)

■

■

■
■

■

WIRELINE & PERFORATING
CoreHD® scientific imaging services■

PorosityHD™ imaging and digital routine core analysis■

FastSCAL™ digital special core analysis■

Halliburton 2023 Annual & Sustainability Report

Environmental  31

LOW CARBON SOLUTIONS

as our IntelliSat™ pulsed neutron logging service, provide

We saw significant growth in 2023 as the global project

critical step before CO2 injection. A range of formation

accurate assessments of carbon/oxygen saturation — aopportunities for CCUS and geothermal energy increased.

pressures can be collected when these technologies are

Our Low Carbon Solutions offerings apply our experiencepaired with our Reservoir Description Tool (RDT™) formationand preexisting technologies to develop and execute ourtester, which provides information related to storage andcustomers' projects. We include a few highlights below.

containment quantification.

CCUS Highlights

Measurement, monitoring, and verification (MMV) is

Halliburton provides solutions that help our customersa required step in storing injected CO2 underground.

analyze risk in complex CCUS projects. We offer tools thatHalliburton's solutions include tools that facilitate accurate

help companies understand the geological characteristics

MMV of formation pressures and temperatures, remoteof a potential storage site. Our cementing and completions

data access, and storage and leak detection alerts. Our

product lines offer a range of corrosion-resistant solutions that

DataSphere® continuous monitoring suite delivers subsurface

customers can use to construct storage wells.

monitoring capabilities. The suite also collects live wellbore
data that aids injection and reservoir model enhancement toHalliburton's Neftex® FairwayFinder™ software uses

fulfill CCUS MMV requirements.

an informed approach to identify and screen potential
storage sites. Our wellbore evaluation technologies, such

SPIDR® Data Acquisition Unit
Halliburton's SPIDR data acquisition unit®

HyNet UK Carbon Storage
Project

is a well-surveillance solution. Both the
SPIDR® data acquisition unit and SPIDRlive®

In 2023, Halliburton was awarded contracts for work on thestreaming surface pressure data retrievers

HyNet North West CCUS project in the Liverpool Bay area, thecapture high-quality pressure data at thefirst of its kind commissioned in the UK. This project will involve

wellhead without wellbore intervention.

completions, liners, and monitoring products and services.

SPIDRlive streaming surface pressure data

Its goal is to reduce carbon dioxide emissions through use of

retrievers use the cloud to stream data anddepleted hydrocarbon reservoirs for geological storage and byprovide a wider remote visualization capability

providing the region access to low carbon energy.

®

for CO2 injection sites.

Halliburton 2023 Annual & Sustainability Report

Environmental  32

Geothermal Energy Highlights
Global demand for sustainable heat and electricity has
led to growth in conventional geothermal projects andadvancements in geothermal systems. These advanced

Xaminer® Sonic Imager™
Logging Service

systems allow for geothermal energy production inareas without ideal geological conditions for conventional

Halliburton's wireline product line deployedgeothermal applications.

Xaminer® Sonic Imager™ logging service
pairs with our borehole imaging offerings,

Halliburton's technology portfolio, combined with oursuch as StrataXaminerTM high-resolution

experience in the geothermal space, positions us to meet

images in oil-based mud, to characterize

the growing geothermal energy market's demands. Our

fracture networks in geothermal projects.

integrated and comprehensive approach to the geothermal

The Xaminer® Sonic ImagerTM logging service

project lifecycle delivers a low-cost-per-megawatt solution fordelivers high-resolution characterization of

our customers. From subsurface software, well construction,

seismic properties, geomechanics, andand artificial lift to well interventions, Halliburton has acompletion requirements in a wide range of

portfolio of products and services to support operators in thereservoirs. Data acquired by these advanced

geothermal sector. We develop new technologies to drive

services is vital for planning induced fractures

performance and reliability in this high-temperature,in the target geothermal zone.

high-pressure environment to make geothermal energy moreaccessible and affordable.

Cape Station: Horizontal
Geothermal Well Project
We worked with Fervo Energy in Utah, a leading geothermalenergy company, to deploy the Halliburton VersaFlex® XSL-ZE
Liner Hanger system in the world's first commercial enhanced

StrataXaminer™ imaging service delivers high-resolution
images of the reservoir structure

geothermal greenfield development project. Fervo leverages
horizontal drilling, distributed fiber-optic sensing, andmulti-zonal completion techniques to enhance permeability
and water flow through the subsurface, removing the needfor naturally occurring hydrothermal resources that are
required in conventional geothermal wells. A cross-functionalteam installed and successfully cemented the technology inthree different horizontal wells. Our collaboration helped thecustomer achieve higher efficiency in their geothermal
well projects.

Halliburton 2023 Annual & Sustainability Report

Environmental  33

HALLIBURTON LABS: THE
FUTURE OF ENERGY. FASTER.™

Halliburton Labs also hosted its first Company Showcase

Through Halliburton Labs, we provide a wide spectrum of

this event, we facilitated live pitches for nine of our participants

energy system innovators and entrepreneurs with accessand more than 174 curated meetings between startups andto our capacity to scale and the vast resources in our global

relevant investors.

event in May 2023 for nine of our participant startups. An
audience of over 55 clean-tech venture investors attended. At

infrastructure and network. We come alongside theseorganizations to help them further their strategic goals.
Participating startups include those engaged in industrial
decarbonization; carbon capture and utilization; grid-scaleand long-duration energy storage; energy generation andconversion; critical minerals recovery; hydrogen production
and transportation; and circular economy. Halliburton
Labs creates tangible value for early-stage companies inemergent energy sectors. We grant access to resourcesthat support organizations' efforts to scale and expand theirindustry networks.

32

Halliburton
Labs Participant andAlumni Organizations

As we support these organizations, we develop new insights
and discover opportunities for exploration, investment, andgrowth. Halliburton also gains institutional knowledge that will
enable us to collaborate and engineer solutions to maximize
asset value in the energy systems of the future. Participants
enter a financial agreement that secures an equity stake forHalliburton Labs at their next round of institutional financing.
Halliburton Labs closed out 2023 with 32 participant andalumni organizations that represent all facets of energy
production, storage, distribution, and efficiency, as well as
the industrial decarbonization and waste-to-value sectors. We
continue to see high levels of interest in Halliburton Labs frominvestors, startups, and academic institutions. Increasingly, ourapplicants are referred to us by companies and investors who
have seen the value we create firsthand.
Halliburton Labs Gives Clean-tech Startups Visibility
We hosted two Finalists' Pitch Day events in 2023. At these
events, we showcased 10 early-stage hard-tech companies
that innovate solutions in many different sectors of the energy
landscape. This was the first year we took our Pitch Day on theroad. We collaborated with key energy organizations to deliver
a Future of Energy Day at Denver Startup Week, which further
expanded Halliburton Labs' and our Finalists' reach, visibility,and networks.

Clean tech startups pitch at the Halliburton Labs Finalist Pitch
Day for an opportunity to join their accelerator program

Halliburton 2023 Annual & Sustainability Report

Environmental  34

Halliburton Labs hosts panel discussions for its Innovation Series

Halliburton Labs Innovation Series
Halliburton held three Innovation Series events in 2023 that

Participant Achievements

were open to all Halliburton employees. We invited panels of

In 2023, many Halliburton Labs participants

insightful, stimulating discussions at our Houston, TX, campus.

achieved important milestones in their work
to scale their operations.
■

LiNa Energy reduced its funding needs
by 30% in consultation with Halliburton■

Renew Power Systems, Inc. produced
its first commercial inverter units■■

distinguished industry, academia, and startup speakers to have
Topics discussed included Nuclear Energy; Carbon Capture at
Gigaton Scale; and Carbon Utilization. Employees gained an
opportunity to hear new and diverse views about innovation,market drivers, and potential gaps in emergent value chains.
Venture Development
Halliburton began to incubate NaviScale in 2023. NaviScaleis a Halliburton commercial venture that makes use of

SunGreenH2 was a 2023 winner of theHalliburton's experience and expertise to help clean-energy

BloombergNEF Pioneers Awardand climate-tech ventures navigate their scale-up journeys.

Disa Technologies, Inc. closed a $15

It assists them as they identify unseen risks in equipment

million fundraising rounddesign; optimize their designs for manufacturing; verify theirreadiness to scale, and secure suitable and reliable supplier

These examples demonstrate how

relationships. With NaviScale, Halliburton will be able to extend

Halliburton Labs creates tangible value

the impact of Halliburton Labs beyond participants and alumni.

for early-stage companies in emergent

NaviScale will deliver a commercial solution powered byenergy sectors.

Halliburton to the broader climate tech market.
As Halliburton works alongside a broader range of innovative
companies, we expand our access to and insight into
promising value chains even further and spark additional
opportunities to collaborate and engineer solutions for theenergy systems of the future.

Halliburton 2023 Annual & Sustainability Report

Environmental  35

E3

ENVIRONMENTAL
MANAGEMENTOur Environmental
Management Sustainability
Commitments■ Establish and achieve activity-based waste-reduction
targets in our major facilities.

We use the Halliburton Management System (HMS) to
facilitate our environmental management efforts. HMS■ Create water-use improvement plans in our major
facilities located in water-stressed areas.

identifies areas where we can reduce or mitigate ourenvironmental impact. It also helps us manage environmental
risks. Additionally, we conduct environmental evaluations
during the due diligence phase of every potential M&A
transaction. Work done at Halliburton — which includes ourenvironmental management work — is guided by the policies,

BIODIVERSITY

business practices, and procedures that are comprehensively

For Halliburton, sustainability includes supporting ourdetailed in HMS. Read more on the HMS page of thecustomers, employees, and communities. We recognize

Halliburton website. Visit the Environment page of our website

finding ways to reduce our impact on biodiversity plays a role

to learn about our chemical stewardship.

in this work. Our efforts in this area include environmental
evaluations to help reduce our impacts to our land; facility
designs that meet regulatory requirements and are energy-

ENVIRONMENTAL FACILITYCERTIFICATIONS

and water-efficient; promotion of circularity in materials

The HMS complies with industry-standard certification

sensitive habitats; and cultivation of a responsible supply chain

programs — including International Organization forin collaboration with suppliers.

use; targeted water use and waste reduction programs;
engagement with local communities to protect and restore

Standardization (ISO) 14001 and API RP 75 — as do all theprocesses and procedures it contains. Many of Halliburton's

Halliburton respects World Heritage sites and the protections

product lines and facilities are externally certified inafforded to them. We do not own or lease operational sites

accordance with ISO 14001 and business requirements. In

on or within 10 km of the locations on UNESCO's World

2023, 65 Halliburton facilities held ISO 14001 certifications.

Heritage List.

SUSTAINABILITY AWARENESSTRAINING
In 2023, we launched a Company-wide Sustainability
Awareness Training course. The course helps employees build
foundational sustainability-related knowledge and educatesthem about Halliburton's guiding principles, commitments,
and the initiatives we have undertaken in pursuit of oursustainability goals. The course has been completed byover 90% of our employees. A successful journey toward
our goals includes educating employees about Halliburton'ssustainability focus and progress.

Lab employee in Saudi Arabia

Halliburton 2023 Annual & Sustainability Report

Environmental  36

WATER STEWARDSHIP

Water-use reduction strategies that have resulted from thisHalliburton stewards water in ways that reduce and optimize

leak awareness and identification; replacement or enhanced

our use of water resources. We work internally and collaborate

maintenance for older water-consuming appliances andwith our customers on a global scale to reduce, reuse,

fixtures; adoption of drought-friendly vegetation andand repurpose — or "3R" — fluid resources to the fullest

xeriscaping; and implementation of systems that recycle

possible extent.

and reclaim water. In 2023, we continued our engagement

process include, but are not limited to, improvements towith sites in potentially water-stressed areas to facilitate
Halliburton improves water quality, conserves water, andimprovements and monitor progress against location-specificadvances sustainable, cost-effective water management

reduction targets.

processes for ourselves and our customers where we areable. We report water-use data for Company-owned andCompany-leased locations in the U.S., Canada, and most of

Water WithdrawalHalliburton's global facilities.

Cubic Meters

Halliburton has established a water-use reduction toolkit that

2021

1,478,921

is available for use at our facilities, which was implemented in
2023 by our top water-consuming facilities in potentiallywater-stressed areas. We used our Water Calculator toestablish a water balance for each of these locations. The

1,751,094

2022

1,697,4112023

calculator helps a facility identify and quantify water sources
used at the site, on-location uses of water, and the site's
wastewater discharges. From this activity, we noticed thathigher volumes of water tend to be required for in-productuses, auxiliary processes, domestic use, and/or landscapeirrigation. We then used the Water Reduction Plan Template toevaluate water-use reduction opportunities at our top locations.
This template facilitates the identification and evaluation ofwater-use reduction strategies and helps establish site-specificreduction targets.
Environmental rainwater project in Barrancabermeja,
Colombia

Colombia Team Repurposes
Rainwater
Halliburton Colombia's Real Estate team implemented

team expects rainwater collection and reuse to reduce its

rainwater collection systems at three of our major facilities.

new water use by 120 m3 per year. These efforts support our

The systems feature tanks with a substantial storage capacity

strategy to minimize water use through circularity.

of 10 m3 and enable the team to efficiently collect rainwaterthat is then stored and filtered for use in our wash areas. The

Halliburton 2023 Annual & Sustainability Report

Environmental  37

WASTE MANAGEMENT AND
REDUCTION

methods associated with that waste. Another template,

Halliburton has developed a number of tools that support

on proper waste segregation and storage. Halliburton has

waste management and reduction efforts at our facilities.

also developed a Waste Minimization Decision Guide to help

Our 2023 waste generation data include all manufacturing

facilities identify opportunities to prevent, reduce, reuse,locations; all U.S. locations; and any non-U.S. locations withand recycle waste from their highest-volume andbuilding footprints larger than two acres (8,092 m²) or thathighest-emissions waste streams.

Waste Segregation Posters, provides information on how tocreate easy-to-understand posters that guide facility personnel

facilitate activities with potential to generate particularly highlevels of waste.

In early 2023, Halliburton locations that generate large
volumes of waste used one or more of these tools to identify

The Waste Data App makes it possible to more accurately

waste reduction opportunities, set reduction targets, establish

collect and report on waste generation and disposal data.

reduction plans, and monitor progress against targets.

On a quarterly basis, Halliburton facilities enter data into theapp for each waste stream that is sent offsite for treatment,
storage, disposal, or recycling. The Waste Stream Identification
Template is a step-by-step guide that supports the

Waste Disposal Metric Tons

identification and classification of different types of waste andprovides guidance on the segregation, handling, and disposal

305,0312021

266,006

2022

272,2402023

Extending the Life of Oil Usedin Our Hydraulic Fracturing
Pump Fleet
In 2023, the Halliburton North America Equipment
Maintenance organization and Production Enhancement
Technology collaborated to maximize oil life for theinternally maintained fleet vehicles. Our goal was to extend
maintenance intervals and minimize waste from hydraulicfracturing pump oil changes while maintaining service quality
and performance.
The team tested different types and viscosity of transmission
oil. The best oil blend proved able to improve performanceand increase time between rounds of maintenance, which
lengthened oil replacement cycles by 317%. This has reduced

Waste Minimization at Our
Norway Tananger Main Facility

the amount of oil required to service our North America Landhydraulic fracturing pump fleet by 165,819 gallons per year.

Our Norway Tananger Main Facility implemented a program

The project helped our team reduce waste, reduce equipmentin 2023 to segregate waste streams. The program led to adowntime, and further improve the reliability of

73% year-over-year reduction in the amount of waste the site

our equipment.

generated per hours worked.

Halliburton 2023 Annual & Sustainability Report

Environmental  38

SOCIAL
Our people are the heart of everything we do at Halliburton. The success of our operations is a result of
the dedication of our exceptional employees, leaders, contractors, and suppliers. Halliburton supports our
employees worldwide through resources including our safety programs, training, competitive benefits, andcareer development opportunities.
Halliburton invests in opportunities to support and enhance the economic and social well-being of ouremployees' communities. We also rely on the support of our communities, which is why global citizenship is oneof our guiding principles. We work to train and develop local talent, increase economic activity, promote soundwork practices, and share knowledge. Our goal is to educate and inspire the next generation of Halliburton talent.

S1
S4

HEALTH AND
SAFETYHUMAN
RIGHTS

Halliburton 2023 Annual & Sustainability Report

S2
S5

OUR
PEOPLES3

TRAINING AND
DEVELOPMENTLOCALCOMMUNITIESSocial  39

S1

HEALTH AND
SAFETYAt Halliburton, the safety of our employees and contractors
is our priority. Our long-term safety programs and processes
are tried, tested, and well-established. These programs andprocesses are part of our Journey to ZERO. They include
Halliburton Critical Focus Areas (CFAs), Life Rules, Stop Work
Authority (SWA), Management of Change, Significant

Our Occupational
Safety - Journey toZERO Sustainability
Commitments■ Target outperforming total recordable incident rate andlost-time incident rate in the International Association ofDrilling Contractors sector benchmarking.
■ Achieve HSE training compliance >95%, drivercompetency >95%, and 100% completion of our annual
Journey to ZERO strategic objectives.

Incident Review, and Tiered Assurance. Learn more on the
Health, Safety, Environment (HSE) and Service Quality (SQ)
page of our website.
In 2023, as business activity levels continued to rise,
operational discipline to our Halliburton Management System(HMS) and focus on execution enabled us to outperform
our industry group HSE indicators and improve our service
quality performance.

JOURNEY TO ZEROThe Journey to ZERO approach to safety and service quality
expresses our commitment to our employees, customers,
and communities. It demonstrates that we prioritize highstandards, embrace challenges, and make no compromises

Journey to ZERO
Journey to ZERO
Our vision to achieve zero safety
Our visionachieve zero safetyincidents,
zerotoenvironmental
incidents,
incidents,
andzerozero environmental
non-productive
incidents,day,and zero
non-productive
time—every
on everyjob.
time—every day, on every job.

when we execute on our goals.
Leadership
Commitment
Leadership
Commitment

Specific Journey to ZERO focus areas shift each year,
but the guiding principles remain consistent:■

Leadership commitment■

Continuous improvement of the HMS■

Training and competency■Communicate and address risks■

Technology and process improvement■

Verification of our HSE and SQ performanceOur 2023 Journey to ZERO efforts included a continued focus
on risk management, and we completed our first full yearof leadership visit metric tracking. In addition, we tracked
progress on our GHG emissions, waste, and water reduction

HMS Continuous
Improvement
HMS Continuous
Improvement

VerifyPerformance
VerifyPerformance

Technology
and Technology
Process
Improvement
and Process
Improvement

ZERO
ZERO

Training andCompetency
Training andCompetencyCommunicate
andCommunicate
AddressRisks
and AddressRisksefforts, which are highlighted in the Environmental section ofthis report. Halliburton completed 100% of our 2023 Journey
to ZERO objectives.

Halliburton 2023 Annual & Sustainability ReportSocial  40

RISK MANAGEMENT
Our focus on risk management included the expansion ofHalliburton's in-person 5 Checks to Go and Risk Management
Execution training to all regions globally. To build on our
successful 2022 updates to risk management training inNorth America, regional delegates recognized for HSE andSQ leadership completed a series of Train the Trainer modules
in 2023 to become internally certified Risk Management
5 Checks to Go trainers. Globally, over 3,600 additional
supervisors and frontline personnel completed the training.
When HSE or SQ incidents do occur, our risk management
process helps us embrace the opportunity to learn fromincident investigations. These investigations sometimes
lead to process changes. At other times, they reaffirm
the importance of continued execution on our existinglines of defense. In 2023, we supported these efforts
with the publication of an HMS guidance document thatstandardized the categorization of our lines of defense andcritical verification activities. This document provides a moreconsistent approach to using the results of our investigations
to globally prioritize improvement opportunities. At Halliburton,

Field employee in west Texas participating in arisk-mitigation assessment

our lines of defense categories include the industry standard
Life Rules, Critical Focus Areas, and our product service line
control points.
Stop Work Authority (SWA) remains a critically importantpart of risk management at Halliburton. Our SWA program

Halliburton Life Rules

authorizes all employees and contractors to stop a task if theyobserve unsafe actions or conditions, or if they have concerns
regarding the controls over an HSE or SQ risk. In 2023,

Key Actions to Prevent Serious andFatal Injuries

employee engagement in SWA remained strong, and we saw

Bypassing Safety Controls

a year-over-year increase in the number of SWA observations.

Driving
Stop Work Authority Observations

Hot Work
2021

2022

2023

205,868

Safe Mechanical Lifting
220,754

Working at Height

234,511

Confined Space
0

Energy Isolation
Line of FireWork Authorization

Halliburton 2023 Annual & Sustainability ReportSocial  41

Halliburton's Five Critical
Focus Areas

5 Checks to GO
Starting work is not Step #1  Well Barriers: Manage wellbarriers to prevent uncontained
release of formation fluids

1

Review Plan

2

Verify Readiness

3

What’s Different?

4

Validate Controls

5

Final Check  Hydrocarbons to Surface:Control the well to prevent
unintended flow to the surface  Pressure Control: Control
pressurized systems at all times  Well Proximity: Plan and maintain
non-intersecting drilling trajectories
to avoid a collision
Radiation and Explosives:
Adhere to global and local
regulatory safety requirements at
all times

Indonesia team conducts 5 Checks to Go - an easy approach to safety

Halliburton 2023 Annual & Sustainability ReportSocial  42

LEADERSHIP VISITS

define how we work and enable us to address potential

Leadership visits focus on engagement with frontline

management system standards, including those for quality

employees to ensure processes are working as intended.

management (ISO 9001), environmental management (ISOLeaders review the execution of critical verification activities

14001), and health and safety management (ISO 45001).

and gather process improvement feedback. 2023 was the

The system also meets and exceeds requirements of thefirst full year of use of our leadership visit metric. The focus

industry-specific API standards for manufacturing (API Q1)

on completion of 5 Checks to Go before work begins and use

and providing services in the oil and gas production sectorof our leadership visits to reinforce desired behaviors helped(API Q2) and the API RP 75 standard for offshore safety anddeliver our year-over-year improvement in total recordable

environmental management.

risks inherent in our businesses. HMS incorporates major

injury and lost-time recordable injury rates.
In addition to the global verification of HMS through our

HMS AND INDUSTRY STANDARD
CERTIFICATIONSinternal tiered-assurance program, Halliburton has numerous
locations externally certified to API Q1, API Q2, ISO 9001, ISO
14001, and ISO 45001. Halliburton leads the industry with 35
API Q2-certified facilities located in 13 countries.

HMS plays a central role in putting our Journey to ZERO inaction. The standards and work methods that form HMS

2023 Health and Safety Facility Certifications

Certifications

Number ofcountries with API
Q1-certified facilities

Number of API
Q1-certified facilities

Number ofcountries with API
Q2-certified facilities

Number of API
Q2-certified facilities

Number of ISO 45001
certified facilities

TOTAL

6

18

13

35

48

Western Hemisphere President Mark Richard conducts leadership visit with team in Suriname

Halliburton 2023 Annual & Sustainability ReportSocial  43

S2

Our Diversity and Inclusion
Sustainability Commitment

OUR PEOPLE■ Provide a diverse and inclusive environment that upholds
our core values of collaboration and respect, and provides

Halliburton employees form a global team whose members

all employees opportunities for growth and development.

respect each other. Our workforce is diverse, with 136
nationalities in over 70 countries. Through their work with
Halliburton, our employees gain exposure to a wide variety ofpeople, projects, and cultures. We take care to provide every
member of our global workforce with a work environment

Female Diversity in STEM Roles

that is safe and inclusive, opportunities to develop theircareers, and competitive benefits. This environment is

16%

2021

supported by our Code of Business Conduct (COBC) andemployment practices.

2022

Visit the Social page of the Halliburton website to read about

2023

17%

19%

Halliburton's workplace, culture, employee benefits, ethicalemployment practices, and compliance with applicable
employment laws.

Racial Diversity in STEM Roles (U.S. staff only)

2021

CULTURE

2022

Halliburton's workplace culture is built upon the foundation

2023

34%

36%

39%

that includes commitment, humility, collaboration, andexceptional execution. Each employee at Halliburton knows
they belong and that their contributions are valued, whichmakes it possible for everyone to perform their best. This
culture draws and retains our talent, serves as the foundation
solutions to our customers' challenges.

Halliburton's Respect Value
Statement

Halliburton employees have access to our job descriptions,

Respect: We value diversity and equality.

of our Journey to ZERO, and leads us to develop innovativesalary bands, and pay structures for a majority of the countries
where we operate. When we equip employees with thisinformation we help them understand how they can advanceand chart ways to own their careers. Read more about talentdevelopment and succession management in Chapter S3Training and Development.

Halliburton 2023 Annual & Sustainability Report

It makes us stronger, more competitive,
and better positioned for success. We arecommitted to inclusion across race, gender,
nationality, religion, identity, experience, andany other unique attribute. We are honestwith ourselves, welcome different viewpoints,
and empower each other to be authentic.

Social  44

Our Five ERGs

BELIEVE ERG Recipient of a2023 Diversity Impact Award  Women Sharing

BELIEVE was the recipient of a 2023

Excellence (WSE)

Diversity Impact Award®. The Diversity  Black Employees Leading in

Impact Awards® are awarded each year by

Inclusion, Excellence, Vision, and

the Global ERG Network® to "recognize,

Education (BELIEVE)

honor, and celebrate the outstandingachievements of ERGs, Business Resource  Veterans LeadershipGroups, and Diversity Councils."

Forum (VLF)  iMPACT, a trusted community
for employee engagement,
collaboration, and progression

undertake. Leadership is able to conduct higher level analyses   PRIDE, our LGBTQ+ ERG

by country and product service line/function to spot trends
and consider larger scale initiatives based on employee input.

84%

EMPLOYEE RESOURCE GROUPS

record-high EPS
response rate

Halliburton's five Employee Resource Groups (ERG) give
employees opportunities to network and collaborate on

Largest improvement on the following EPS questions:shared interests in certain topics or social causes. We engage■

Employees feel they are valued

with our ERGs as a way to listen to, empower, and educate■

Employees receive meaningful and timely

our workforce.
Participation in ERGs is voluntary and open to all Halliburton
employees. ERGs encourage employees to pursue

performance feedback■

Employees are supported in their development■

Employees have the tools necessary to perform theirjobs well

professional development and play an important role infostering a positive and inclusive work environment. See
Chapter S5 Local Communities in this report for 2023 eventsin which our ERGs participated.

GLOBAL BENEFITS
Halliburton provides our employees with competitive global
benefits programs. Our programs are flexible, comprehensive,

EMPLOYEE PULSE SURVEY

and market competitive. We design Halliburton's benefits

Halliburton's biannual Employee Pulse Survey (EPS) allows

their families. Our packages include programs and services

us to listen to employee perspectives. Employees are invitedthat range from comprehensive medical coverage, retirement

to share feedback about their performance, development,

plans, and disability coverage to paid time off, emergency

and work-life balance. We invite managers to consider

childcare, and third-party discounts.

packages to address the diverse needs of our employees andwhat improvement opportunities in the work environment
they wish to focus on before the next survey and provide

Halliburton remains focused on updating benefits programsthem with suggestions for actions and training they might

to help ensure they are competitive and provide meaningful

Halliburton 2023 Annual & Sustainability ReportSocial  45

benefits options for employees. Consistent with this objective,
in 2023 we focused on further benefits refinements. For

RECRUITMENT

additional information about our benefits offerings, including

Halliburton takes thoughtful action to cultivate a globallythe details of our Family Care Plan, please visit the Social page

diverse talent pipeline that represents the communities whereof the Halliburton website.

we operate. This begins with our investment in science,technology, engineering, and mathematics (STEM) and oil andgas programs at schools and universities.

MENTAL HEALTH EDUCATION
AND AWARENESS

When it comes time to hire early career talent, we rely on

Halliburton's Global Employee Assistance Program (EAP)

organizations that give more visibility to opportunities that areteam expanded employee- and management-focused training
and education opportunities this year. An example of one
such opportunity is our Lessons for Life monthly web series
in which our employees can learn from expert opinions on avariety of mental health and well-being related subjects. Topics
in 2023 included grief and hope in the COVID-19 pandemic aswell as maintenance of healthy boundaries in the workplace.

consistent relationships with colleges, universities, and otheravailable at Halliburton. We utilize initiatives such as internshipprograms at colleges and universities with underrepresented
populations to build connections among diverse communities,
potential hires, and Halliburton, and to eventually hire full-time
employees who represent the communities in which we workand live.
Our build-from-within approach to recruitment and training
helps us develop early career talent into future leaders. We
augment this approach with targeted recruitment efforts forsenior-level positions that help introduce specific expertise andemergent skillsets to Halliburton.

2023 Mental Health
Awareness Campaigns
In 2023, Halliburton covered a variety of
topics in our global mental health digitalawareness campaigns that were tailored toaddress different regions' specific needs. We
continued to incorporate mental
health-themed safety topics in our safety
moments, and this inclusion further
emphasized how important it is to care for
one's mental health.
Halliburton hosted global campaigns for
Mental Health Awareness Month, World
Sleep Day, and World Mental Health Day
and executed a neurodiversity awarenesscampaign in April for Autism AwarenessMonth. Through these campaigns, wedelivered messages designed to further
increase mental health awareness among allof our employees.

Outreach
Our Global Talent Acquisition team conducts candidate
outreach in a variety of ways that include virtual career fairs,
apprenticeship programs, relationship building efforts atuniversities, employee referrals, and partnerships with local
job candidate programs. Halliburton's outreach includes
our efforts to build interest in STEM and oil and gas
careers among students, a strategy that also supports local
workforce development in the areas where we operate. One
example of our STEM-focused outreach in Latin America is
our recruitment efforts with the Development ExcellenceEngineer Program (DEEP). Read more about DEEP in the
Local Workforce Development section of this report.
Talent Acquisition
In 2023, Halliburton hired 8,714 new employees. Of our
total hires to STEM roles, 28% were female, a number thatis higher than it was in 2022 and represents our highest
number of female hires to STEM roles at Halliburton since2010. This number compares favorably to the National
Association of Colleges and Employers female graduation
rates in the degrees we target in our search for new hires.
Promoting female representation in these roles is a key focus
at Halliburton, as our STEM roles tend to lead to operational

Halliburton 2023 Annual & Sustainability ReportSocial  46

The number of female interns at our U.S.-based locations

LOCAL WORKFORCEDEVELOPMENT

increased from 53 in 2022 to 73 in 2023.

Halliburton invests in local workforce development with theleadership positions. Female representation also continues tobe a strong feature of Halliburton's U.S. internship programs.

aim of a positive impact on communities where we work.
One way we do this is by regularly hiring local talent for open
Rate of New Female Hires in STEM Roles

positions. We have made significant progress in recent years.
As of 2023, 91% of our workforce and 85% of managers are

19%

2021

local to the countries where they work.
23%

2022

As Halliburton strengthens investments in local workforces,
28%

2023

we increase our ability to participate in improvements to local
economies. Through job creation, skill advancement, andcareer development, we help enhance local quality of life for
employees and their families and strengthen our ability tocultivate a workforce that represents local populations.

Halliburton welcomes summer interns with weeklong
camp and volunteer activities

Development ExcellenceEngineer Program
Halliburton's Development Excellence Engineer Programis a college graduate recruitment initiative we deploy in
Latin America. DEEP began in 2012 in Brazil and has since
expanded to multiple countries in Latin America. In 2023, westandardized DEEP's requirements and structure in countries
where it is implemented.

PowerToFly
Halliburton's partnership with PowerToFly
has provided us with opportunities to better
tell our story to a global, diverse audience. In
2023, we worked with PowerToFly to recruit
new candidates and host several events
at which Halliburton speakers shared theirexperiences and views on opportunities at
Halliburton and within our industry. ThroughPowerToFly, almost 400,000 people were
exposed to Halliburton's open positions,
events, or webpage.

Eligible candidates include STEM students in their lastsemester of undergraduate study and/or individuals who
are within 18 months of graduation from a STEM degree.
Participants engage in a four-month development program
and rotate between two product service lines at Halliburton.
Since 2015, over 750 "DEEPers" have completed the program,of which 387 have been hired full-time. In addition, female
representation has been consistently high. On average, about
43% of DEEP participants are female.
DEEP has played an important role in increasing the number
of STEM hires in Latin America. DEEP has also proven to bea successful avenue of entry for career longevity as 70% ofDEEP participants hired full-time since 2015 are still working
at Halliburton.

Halliburton 2023 Annual & Sustainability ReportSocial  47

INVESTMENT IN THE FUTUREAs Halliburton builds a sustainable pipeline of future talent, wedraw talent to our workforce through mentorship programs,
charitable giving, and inclusive hiring practices.
Girls Techno Summer Camp
Halliburton and Prairie View A&M University (PVAMU)
collaborated to host the Girls Techno Summer Camp, athree-day residential summer camp for high school-aged girls
who are interested in engineering careers. The camp aimed
to teach attendees technical skills, build their confidence,and inspire them to become engineers and leaders whowill make a difference. Students about to enter their juniorand senior year of high school were eligible to attend. They
learned about design thinking, computer programming, data
science, artificial intelligence, and robotics. We supported
this program with a tour of our headquarters that included

STEM Saturdays and Academic Mentoring Matters
In 2023, we worked with the University of Louisiana Lafayette
Foundation to host STEM Saturdays and an Academic
Mentoring Matters (AMM) training event for local students.
STEM Saturdays are offered once a month at the Lafayette
Science Museum. Halliburton began to sponsor STEM
Saturdays in 2022 and we continued our support in 2023.
Thus far, this event series has impacted 2,200 students in theCollege of Sciences.
We fund an AMM leadership training event every year toequip volunteer student mentors to be leaders among theirpeers. Student mentors have a significant impact on theircampus communities. Our AMM leadership training event
helps prepare students who have elected to serve theircommunity in this way.

our manufacturing and R&D facilities and by hosting a Q&A
session after the tour.

Halliburton volunteers and university students host science project at National Urban League conference in Houston,TX

Halliburton 2023 Annual & Sustainability ReportSocial  48

S3

Our Skilled and Committed
Workforce Sustainability
Commitment

TRAINING AND
DEVELOPMENT■ Have a skilled and committed workforce by listening andresponding to our employees’ feedback and committing
to an engaged workforce that feels valued with the rightOur skilled, knowledgeable employees and the investments

support and resources to be successful.

we make in their learning and development are what power
Halliburton's success and growth. To help our employees
excel in their careers and meet personal goals, we provide
industry-recognized, best-in-class employee development
programs, processes, and trainings. We also take action tocultivate a strong leadership pipeline of experienced talent
who are prepared to help guide Halliburton into the future.

train, and promote members of our employee population
who have leadership potential. This approach has facilitatedhigh retention and continuity among Halliburton talent. It

TALENT DEVELOPMENT AND
SUCCESSION MANAGEMENT
Halliburton establishes its talent development and succession
management strategies on a "build from within" philosophy.
We regularly identify and develop new leaders throughintentional identification and training efforts. Our strategy
promotes business continuity, retention, and teamwork, andmaintains a strong competitive advantage when it comes toboth short- and long-term success.
In 2023, female diversity and U.S. racial diversity in various
roles improved. From a 2022 baseline, females in operational
leadership roles increased by 6%; the females in junior
operational leadership roles increased 10%; and the numberof female candidates on replacement charts increased by
14%. In addition, in 2023 in the U.S., our percentage of racial
diversity in management roles improved by 6% compared
to 2022.
To build a robust leadership pipeline, Halliburton Succession
Management identifies the readiness of potential successors
for critical roles. In 2023, we had an 83% internal fill rate forleadership roles and a 94% internal fill rate for executive-level
positions. Our strong internal fill rate, one of the highest
in the market, directly results from our process to identify
successors and offer tailored development plans.

also promotes teamwork and camaraderie. Employees often
rise through Halliburton together, which gives them sharedexperiences they can draw from when they collaborate
to lead.
Hire to Country Manager Process
H2CM is a leadership development track for potential productservice line country managers. This role is an essential
managerial role and critical to Halliburton's success. The
ultimate goal of H2CM is to develop strong, competentleaders who can help build an even stronger organization. The
program enhances visibility into the internal talent pipeline for
product service line country manager roles and other roles inthe H2CM training process.
Participants are trained in Halliburton's five key competencies
for operational leaders: technical depths, service execution,customer focus, frontline leadership, and business acumen.
In addition, H2CM is designed to be flexible so employees
can engage according to their own readiness and Halliburton's
available business opportunities.
In 2023, H2CM helped Halliburton increase female
representation in product service line country manager roles
by 47% year over year. In addition, female representation
increased in four out of the five H2CM phases preceding thecountry manager role.

Technical and Leadership Development
We host processes and programs — such as Hire to Country
Manager (H2CM), HalAcademy, Emerging Leader Process,and Business Leadership Development (BLD) — to recruit,

Halliburton 2023 Annual & Sustainability ReportSocial  49

Business Leadership Development Courses
BLD is Halliburton's executive education program. BLD is
one of our most significant investments in the developmentof future leaders. It plays an essential role in building ourleadership pipeline and promoting growth. In 2023, BLD
participation increased by 19% with 684 employees engaged
in BLD courses. 53 different nationalities were represented
and 24% of BLD participants were female.

53
24%

Nationalities represented
in BLD Courses

Female Diversity
in BLD Courses

Halliburton employees strengthen business and leadershipskills during training in Saudi Arabia

HalAcademy
HalAcademy is an annual leadership meeting whereapproximately 1,000 employees from Halliburton's global
operations attend. A mix of senior and developing leaders
attend HalAcademy. Attendees receive briefings on the major
company-wide initiatives Halliburton plans to implement in thenext year and training on specific topics in focused
breakout sessions.
In 2023, Halliburton's Chairman, President, and CEO, Jeff
Miller, gave a keynote address, and our Executive Vice
President and CFO, Eric Carre, provided a financial overview.
Other talks and breakouts included a western hemisphere
overview; business development in accordance with the
3 Cs of Business Development; a Drilling and Evaluation
Division update; tips for navigation of international business
relationships; a Completion and Production update; a digital
fireside chat; and a legal update.

Senior leadership shares insights with HalAcademy attendees

Halliburton 2023 Annual & Sustainability Report

CEO Jeff Miller addresses the Global Business Development
team and acknowledges their accomplishments at internalsales conference

Employees from multiple regions network at internalsales conference

Social  50

Emerging Leader Process and Frontline Leader
Readiness Assessment
Halliburton developed a targeted Emerging Leader Processthat supports our Succession Management plan. Through thisprocess, we identify and train employees who demonstratehigh leadership potential who then participate in the Frontline
Leader Readiness Assessment (FLRA) — a formal simulation
facilitated by a leading third-party assessment authority — toassess their timing-related readiness.
In 2023, more than 400 employees completed assessment
for leadership potential factors and approximately 100
completed FLRA. Once they have completed the FLRA,
participants receive insight on their proficiency, a leadershipcoach, and a tailored development plan.

Digital Literacy ProgressHalliburton continued to offer digital literacy
education to employees in 2023. Our
digital literacy educational opportunities
help employees develop a fundamental
understanding of how to use digital
resources, and how these resources cantransform how Halliburton works. 9,839
employees completed the full program in
2023. Over 119,000 micro-learning activities
were completed.
We founded the Halliburton Data Science

EMPLOYEE-DRIVEN
DEVELOPMENT
AND UPSKILLING

Academy in 2021 to provide four additional

Many of our employee-development and upskilling resourcesscience capabilities.

are designed to empower our people through facilitation of

in-depth programs for specific roles(namely, Data Analyst, Data Engineer, Data
Scientist, and Machine Learning Engineer).
This initiative continues to expand our data

employee-driven career growth and skills development.
Flexible Learning
Halliburton offers employees educational opportunities in avariety of formats. Expanding these opportunities to multiple
formats has made our training programs more accessible andefficient for our global workforce. We have also given individual
employees latitude to engage with learning opportunities in

Exceptional Training and
Education

ways that accommodate their personal situations. Content
ranges from leadership, functional, general business skills,

For the 11th consecutive year, ourand technical training related to our products and services

Halliburton Global Competency Assurance

to emerging skills for which we want to build employee

program maintained its status as the only

capabilities. In 2023, we delivered more than 62% of ourfull-spectrum oilfield services company

training in non-traditional classroom environments. Halliburton

competency program globally accredited

also continues to offer robust in-person training opportunities.

by the International Association of Drilling
Contractors (IADC) with no restrictions.
More than 36,000 employees were assigned
competencies in the program, which
focuses on field personnel. It outlines
well-site services expectations and highlights
Halliburton's transparent approach to career
progression for roles in this area.

Frontline leader in the fieldHalliburton 2023 Annual & Sustainability ReportSocial  51

S4

HUMAN RIGHTSOur Human Rights
Sustainability Commitment■ Support universal human rights as defined by the United
Nations Universal Declaration of Human Rights throughHalliburton respects the dignity and human rights of all people.

fair and ethical employment practices and our Code of

In our business operations, we support universal humanBusiness Conduct.

rights as defined by the United Nations Universal Declarationof Human Rights. These values are realized in the diversity of
our global workforce and all of our operations. Halliburton's
policies on health, safety, and security account for humanrights concerns. We comply with all applicable employment
laws and adhere to fair and ethical employment practices.

HUMAN RIGHTS REGULATIONS
As human rights legislation evolves, Halliburton works to

On the Halliburton website, you can read more aboutcomply with new regulations, such as the Norwegian Supply

our human rights practices and beliefs — including our

Chain Transparency Act. This act requires companies to share

Human Rights Policy, Human Rights Statement,

how they work to eradicate human trafficking and modern

Supplier Ethics, and COBC.

slavery in their business and global supply chains, and to detailthe steps they have taken and the controls they have in place
to address human rights risks.

HUMAN RIGHTS IN THE
SUPPLY CHAIN

We comply with the UK Modern Slavery Act, the Australia

We recognize that responsible supply chain management

on Business and Human Rights. We also monitor and comply

is essential to help promote human rights and follow awith emergent human rights legislation around the world,comprehensive due diligence method for our supply chain.

which includes the Uyghur Forced Labor Prevention Act in

For more information about our Human Rights Audits, visit

the U.S., the upcoming EU Act, and the Canadian Human

Chapter G5 Supply Chain Governance in this report.

Rights Act. In Canada, our operations adhere to the UnitedModern Slavery Act, and the UN's Universal Guiding Principles

Nations Declaration on the Rights of Indigenous People. Our
We use a digital supplier management system and several

statements of compliance with these acts can be found on

internally developed tools to screen suppliers for potential

our website. For more information about our Indigenous

human rights risks. These tools and systems include:

relations efforts, visit the Indigenous Inclusion Strategy section■of this report.

An internal human rights dashboard that evaluates
supplier risks and helps us identify areas fordetailed follow-up■

Our cloud-based supply chain monitoring platform, whichallows us to track risk and conduct supplier assessments
in all tiers of suppliers■

Utilization of the information tracked in our monitoring
platform to develop a pilot supply chain mapping project■

Our Supply Chain Awareness training course, which was
implemented at the end of 2022 and continued in 2023■

Third-party Human Rights Audits that cover Workplace
Conditions Assessments, Labor Provider Audits, andService Provider Audits

Halliburton 2023 Annual & Sustainability ReportSocial  52

S5

LOCAL
COMMUNITIESOur Community
Relationships Sustainability
Commitment■ Enhance the social value of communities in which
we live and work through effective engagement andHalliburton takes action to enhance the economic and socialsocial investment.

well-being of the communities in which we operate. The
Halliburton Foundation, the Halliburton Charitable Foundation,and our Energy to Help™ volunteer program are three
initiatives that deliver support to our local communities. In
addition, we host regular gift-match campaigns in which our
employees donate to charities they choose and we matcha percentage of what they donate. We also encourageHalliburton employees to donate time to their local
communities as volunteers. Visit the Employee Volunteerismand Halliburton Foundation Giving Guidelines pages of our
website to learn more.

HALLIBURTON VOLUNTEERS
Halliburton's volunteerism and charitable activities support
our Four Pillars of Giving: Education, Environment, Health and
Safety, and Social Services. Giving back to the communities
where we live and work is an integral part of our culture.
2023 World Environment Day
The 2023 theme for World Environment Day was"#beatplasticpollution." Halliburton employees organized

Volunteer Legacy
As Halliburton engages in volunteer
opportunities that benefit thecommunities where we live and work,
we honor the legacy established by our
founder, Earle P. Halliburton. Halliburton
generously supported local charities andcauses in his community. His example ofgenerosity remains integral to our dedicatedcorporate citizenship and commitment
to sustain value for Halliburton, ourstakeholders, and the world.

awareness initiatives that included an expansive awarenesscampaign in Europe, Eurasia, and Sub-Saharan Africa.
Teams coordinated a collage made by employees' childrenthat featured artwork about plastic pollution and recycling.
Mairalejandra Infante, a Talent Management Manager andproject coordinator, said, "The main goal of this campaign wasto create a project where we capture the reality of plastic
pollution through the vision of our children."Prairie View A&M Students and Halliburton employees work together to complete campus clean-up projectHalliburton 2023 Annual & Sustainability ReportSocial  53

Women's ERG Improves Communities

Rebuilding Together — Houston

Several chapters of WSE, our women's ERG, worked in

Rebuilding Together is an organization that enlists volunteers

2023 to better their communities by engaging in charitable

and licensed contractors to paint, repair, and revitalize

initiatives. These initiatives included a global breast cancer

the homes of veterans, the elderly, people who live withawareness campaign, a clothing drive for local communities

disabilities, and low-income families. It has done this workin Malaysia, and a blood donation drive and health awarenessfor 35 years. In May, Halliburton's Community Relations

event in India.

team and VLF ERG collaborated with Rebuilding Together tohost two home improvement volunteer opportunities. More

In Angola, WSE members visited a local orphanage to donate

than 80 Halliburton volunteers stepped up to help Rebuilding

personal hygiene products and food, engage in personal

Together accomplish important home repairs for two families

conversations, and offer a mentoring session. The orphanage

in Houston, TX.

accommodates girls between the ages of two and 21. In thementoring session, Halliburton volunteers encouraged thegirls to never stop dreaming and to focus on their studies.

Halliburton Team Rides for Research

team's strong bond was evident. It was undoubtedly worth

An eight-person team from Halliburton Jandakot participatedevery moment, and a testament to the incredible work ourin the 2023 MACA Cancer 200, a two-day, 200 km bike ride.

team can accomplish when we come together for a

Tareq Altaj, a Halliburton participant, said the event, "wasgreat cause."

an unforgettable journey filled with enjoyment and fun. Our

Halliburton team rallies to complete a two-day, 200 km bike ride in support of 2023 MACA Cancer 200

Halliburton 2023 Annual & Sustainability ReportSocial  54

Halliburton Charitable Foundation Golf Tournament
2023 marked Halliburton's 30th year hosting the Halliburton
Charity Golf Tournament. We once again broke our own

CORPORATE GIVING AND
EDUCATIONAL ENGAGEMENT

fundraising record: in 2023, we raised over $3.8 million on

We commit to be good corporate citizens and neighbors. Our

behalf of more than 90 U.S. nonprofit organizations. More thanengagement with education and community helps us stay

400 people participated in the tournament.

true to Halliburton's culture and build trust with our neighbors.
To support our local communities in 2023, Halliburton gave

Since its inception the tournament has raised over $30 million

cash donations and in-kind goods and services. In total, wefor charities, which makes it one of the largest non-PGA golf

donated approximately $1.5 billion in cash and in-kind gifts.

tournament fundraisers in the U.S. The funds raised go to
support causes like hunger relief, veteran home repairs, andNational Urban League Conference

mental health and substance abuse support.

Halliburton sponsored the 2023 National Urban League(NUL) Conference in Houston, TX, an annual civil rights
event that aims to "advance America's conversation about

Over

$30M
30 YearsRaised Overjustice, opportunity, and the future of democracy." BELIEVE,
Halliburton's Black ERG, organized volunteers and planned
activities to help facilitate the conference.
Myrtle Jones, Halliburton's Senior Vice President of Tax,
BELIEVE executive sponsor, and NUL conference chair, gave
a welcome reception speech that highlighted NUL's positive
impact on our communities. "The National Urban League
is working diligently to achieve a multifaceted community,"
she observed. "What's good for the community is goodfor Halliburton."

Halliburton Charitable Foundation hosts annual golf tournament
benefiting local and national charities with support from vendors

Halliburton 2023 Annual & Sustainability Report

Halliburton supported National Urban League conference in
Houston, TX

Social  55

Permian Strategic Partnership
Halliburton's Permian Strategic Partnership (PSP) is a coalitionof 27 leading energy companies and higher education

Little Shop of Physics

institutions in the Permian Basin. These organizations
collaborate with leaders in the region's communities to help
them address current and future challenges as they work to

During the 2022-23 EAB cycle, the Halliburton Foundation

responsibly develop the vast oil and natural gas resources insupported the Little Shop of Physics at Colorado State

the Permian Basin. PSP focus areas include: education, road

University. The grant we provided made it possible for thesafety, healthcare, housing, and workforce development.

Little Shop of Physics team to partner with Native American
communities to share valuable insights about sciences,

Halliburton Foundation Educational Advisory Board

careers, teaching, and culture. They hosted in-person,

The Educational Advisory Board (EAB) is part of the Halliburtonhands-on science experiments for over 5,000 students andFoundation. Through the EAB, Halliburton awards annual

community members in the course of the academic year.

grants to K-12 and university programs that give students

The team also visited several Native American Reservations,

exposure to STEM and business career opportunities. In

including Wind River Reservation and Pine Ridge Reservation.

the past 10 years, EAB donations have impacted more than

During these visits students experienced over 100 hands-on

900,000 students with over $8.5 million in funding. When it

STEM activities, such as static sensors, rocket balloons, theselects programs to fund, the EAB focuses on programs thatphysics flyer, hand lenses, and LED exploration kits.

demonstrate merit, diversity, and skill development; raiseawareness of future career opportunities for students; andmaximize impact.

Students enjoy hands-on science experiments donated by Halliburton Foundation

Halliburton Landmark In-Kind Giving

the United States, Iraq, and Nigeria. Worldwide, 138 academic

We grant free Halliburton Landmark software licenses toinstitutions benefit from this program.

academic institutions through the Halliburton Landmark
University Grant Program (UGP). These licenses are intended

The UGP's aim in awarding grants to students and academics

for use in learning, teaching, and research and include

is to augment teaching and research with industry-leading

software maintenance and technical support. They aresoftware that deepens users' ability to interpret

evergreen and have three-year renewable terms.

multidisciplinary datasets. Halliburton Landmark also hopes tostrengthen the relationship between industry and academia,

To support the education and development of students

promote uptake of Halliburton Landmark software, andwho pursue careers in oil and gas, Halliburton awarded

equip future generations with the skill sets required to solve

multi-million-dollar educational software grants to 14 newreal-world challenges.

public universities in 2023 including in Bolivia, Italy, India,

Halliburton 2023 Annual & Sustainability ReportSocial  56

INDIGENOUS INCLUSIONSTRATEGY

and Torres Strait Islander Engagement in Australia. Our

Halliburton designs and executes an Indigenous Inclusion

Indigenous communities.

RAP has enabled us to take sustainable, strategic action
toward reconciliation between Halliburton and Australia's

Strategy. Our Strategy is built on activities like Indigenous-led
cultural awareness training, regional community involvement,

National Reconciliation Week

contracting and workforce initiatives that promote economic

In 2023, Halliburton Australia celebrated National

inclusion, and investment in business opportunities.

Reconciliation Week. We took time to learn about sharedhistories, cultures, and achievements, and to explore how

Engaging with Indigenous Communities in Canada

each person can contribute to reconciliation with Indigenous

In Canada, Halliburton's Indigenous Inclusion Strategy

communities in Australia. A group of Halliburton employees

reached its fourth year of implementation in 2023. This year,

and family members attended multiple events, including theour implementation of this strategy focused on purposefulWalk for Reconciliation. Walk for Reconciliation participants

engagement with communities. In 2023, Halliburton

attended a Welcome to Country ceremony, walked throughCanada completed Phase Two of the Progressive Aboriginal

Kaarta Koomba (also known as Kings Park), learned about

Relations™ (PAR) certification criteria.

cultural opportunities in the area, engaged in creative
workshops, and attended a performance of traditional

Over time, some of our community engagements have

Aboriginal and Torres Strait Islander dance.

evolved into formal Community Agreements. Each agreement
is shaped by our understanding of and insights about

Inaugural Aboriginal andTorres Strait IslanderTraineeshipthe community it concerns. All agreements identify how

Halliburton has developed a sustainable paid traineeshipHalliburton can work with local Indigenous communities

program that allows accepted applicants to learn new job

to build cross-cultural understanding, effect workforce andskills. Participants earn a nationally recognized qualification

contractor engagement, and pursue community investment

certificate in their chosen area of work. This traineeship is one

and business development opportunities.

of the ways Halliburton works to build a diverse, talented,
inclusive workforce. In 2023, Alicia Michael was the first

In 2023, as part of Halliburton's Indigenous businesstrainee to successfully complete Halliburton's Aboriginal

development outreach, Heart Lake First Nation toured ourand Torres Strait Islander Traineeship program, where she

Artificial Lift operations in Leduc, Alberta. Halliburton

gained a certificate in Supply Chain Operations. Alicia was an

personnel and Nation representatives learned about the work

outstanding addition to the Materials team.

we do at that location and were able to explore potential
business opportunities.
Aboriginal and Torres Strait Islander
Engagement in Australia
Through Halliburton Australia's Reflect Reconciliation Action
Plan (RAP), Halliburton continues its focus on Aboriginal

Halliburton employees support National Reconciliation Week

Halliburton 2023 Annual & Sustainability Report

Halliburton participants during the Inaugural Aboriginal
andTorres Strait IslanderTraineeship

Social  57

APPENDIXA1DATA
TABLES

Halliburton 2023 Annual & Sustainability Report

A2

AWARDS AND
RECOGNITIONA3ABOUT THEREPORT

Appendix  58

A1

DATA TABLES
Financial Data

2021

2022

2023

Revenue$15,295$20,297$23,018

Total Operating Expenses$13,495$17,590$18,935

Operating Income$1,800$2,707$4,083

Income Before Taxes$1,252$2,110$3,363

Net Income Attributable to Company$1,457$1,572$2,638

Basic Income Per Share from Continuing Operations$1.63$1.74$2.93

Diluted Income Per Share from Continuing Operations$1.63$1.73$2.92$0.18$0.48$0.64

Basic Common Shares Outstanding

892

904

899

Diluted Common Shares Outstanding

892

908

902

Net Working Capital$5,637$5,607$5,935

Total Assets$22,321$23,255$24,683

Total Debt

$9,138$7,928$7,636

Total Shareholders' Equity$6,728$7,977$9,433

Cash Flows from Operating Activities$1,911$2,242$3,458

Capital Expenditures$799$1,011$1,379

Depreciation, Depletion, and Amortization

$904

$940

$998

Total Capitalization$15,866$15,905$17,069

58%

50%

45%

Financial Performance (Millions of U.S. Dollars (USD) and Shares, Except Per Share Data)

Amounts Attributable to Company Shareholders:Cash Dividends Per Share

Debt to Total Capitalization

In 2023, the amount of net revenue generated by Halliburton in countries that have the 20 lowest rankings on Transparency International’s Corruption
Perception Index comprises less than 1% of the Company’s total revenue.

Research and Development
U.S. Patents Granted Per Year

918

980

741

$321

$345

$408

2.10%

1.70%

1.77%

Patent Efficiency (U.S. Patents Granted Per USD 1M of R&D Spend)

2.35

2.43

2.40

Ranking Among Companies for Total U.S. Patents Granted (by IFI Claims)

37

37

th

44th

Ranking Among Oil & Gas Companies for Total U.S. Patents Granted (by IFI Claims)

1st

2nd

2nd

0.30%

0.27%

0.24%

Total R&D Spend (Million USD)
R&D Spend as a Percentage of RevenuethService Quality Metrics
Customer Non-Productive Time (NPT) (Percentage of Total Operating Hours)

Halliburton 2023 Annual & Sustainability Report

Appendix  59

Governance Data

2021

2022

2023

Local, Regional or National Political Campaigns / Organizations / Candidates

$0

$0

$0

U.S. Federal Lobbying$287,951$333,130$293,891

Trade Associations or Tax-Exempt Groups (e.g., Think Tanks)$586,560$652,341$763,370

Other (e.g., Spending Related to Ballot Measures or Referendums)

$0

$0

$0

98%

96%

97%

Political Contributions (USD)

Board Information
Average Board Meeting Attendance
Board Independence (Directors)

11

12

12

Board Racial/Ethnic Diversity (Directors)1

5

6

6

Board Female Diversity (Directors)1

3

3

3

55

51

51

Total Percentage of the Board of Directors that the Organization’s Anti-Corruption Policies and Procedures
Have Been Communicated To

100%

100%

100%

Training Hours for COBC, Anti-Corruption, and Enhanced Procurement Fraud in Countries Designated as High-Risk

56,68958,07860,107

Global Ethics and Compliance Reports

585

737

836

Reports with Potential COBC Violations

235

241

278

COBC Potential Violation Investigations Closed

236

242

228

Percentage of Spend with Local Suppliers

86%

80%

81%

Number of Tier 1 Suppliers with Spend

21,49022,325

21,603

99%

99%

99%

Spend with Small and Female Diverse Suppliers (Million USD)

$481

$801

$795

Spend with Minority Suppliers (Million USD)

$83

$120

$133

1

Local Ethics Officer (LEO) Program
Number of Local Ethics Officers

Ethics Training

Global Ethics and Compliance Reports

Procurement

Percentage of Suppliers Assessed in the Last Three Years for Human Rights Risks

1. Board information as of publication date.

Halliburton 2023 Annual & Sustainability Report

Appendix  60

Environmental Data

2021

2022

2023

Diesel

39,849,953

35,616,224

39,016,229

Natural Gas

Energy Consumption (GJ)2
Fuel Consumption

4,629,408

6,760,776

8,525,562

Coal

654,136

401,688398,619

Other (Gasoline, Aviation, and Propane)369,708

362,900

412,592

2,281,125

4,668,485

11,644,261

Consumed Electricity — Renewable

36,94827,21028,043

Solar PPA

29,01039,46742,34347,850,288

47,876,750

60,067,649

107,007,954

149,286,113

155,198,364

0.07%

0.07%

0.07%

3,503,441

3,320,350

3,443,174

Indirect (Scope 2) - Location-Based2

251,466

406,684

845,388

Indirect (Scope 2) - Market-Based

248,949

405,114843,376

155,612

177,342

203,023

245

184

186

0.26430.22570.2431

Non-Hazardous

248,619

207,479

215,919

Hazardous

56,41258,52756,321

Electricity Consumption
Consumed Electricity — Non-renewable

Total

U.S. Hydraulic Fracturing Fluid
Volume of Hydraulic Fracturing Fluid Used (m³)
Percentage of Hazardous Material Used in Hydraulic Fracturing Fluid

Greenhouse Gas Emissions (MTCO2e)
Direct (Scope 1)22

Indirect (Scope 3)3

Greenhouse Gas Emissions Intensity (Scopes 1 and 2)
MTCO2e/$M Revenue
MTCO2e/Operating Hours

Waste Disposal (Metric Tons)

Total305,031

266,006

272,240

Landfill

72,80945,32754,886

Recycled

200,613

171,276

183,150

Incineration

12,971

8,035

5,627

Energy Recovery

10,247

18,278

19,694

Reuse

4,705

8,528

7,649

Composting

1,957

13,821634

Deep Well Injection

1,506

741

600

223

0

0

305,031

266,006

272,240

1,478,921

1,751,094

1,697,411

Recordable Environmental Incident Rate (Incidents Per 200,000 Hours Worked)

0.02

0.02

0.02

Total Volume of Spills (m³)

1,058

665

485

263

155

312

Other

Total
Water Withdrawal (m³)
Water Withdrawal

Spills and Discharges4

Total Volume of Hydrocarbon Spills >1 bbl (bbl)

2.  Limited assurance provided by KPMG for 2023. Refer to Statements on Sustainability Metrics and Related Notes for standards, frameworks, definitions,
and/or management determined criteria.
3.  Scope 3 reporting includes business travel and waste generated in operations categories. Waste GHG emissions are based on U.S. EPA Emission Factors Hub. In 2021, businesstravel GHG emissions are based on GHG Protocol Quantis tool and UK Government GHG conversion factors. In 2022 and 2023, business travel GHG emissions are based on U.S. EPA
Environmentally-Extended Input-Output (USEEIO) factors and UK Government GHG emission factors.
4. We had no significant environmental noncompliance spill incidents and no significant environmental fines.

Halliburton 2023 Annual & Sustainability Report

Appendix  61

Social Data

2021

2022

2023

42,172

44,96847,885

131,305,750

140,290,957

146,120,664

The Percentage of All Employees and Contractors Who Are Covered by an HSE and SQ Management System

100%

100%

100%

The Percentage of All Employees and Contractors Who Are Covered by an HSE and SQ Management Systemthat has been Internally Audited

100%

100%

100%

The Percentage of All Employees Who Are Covered by an HSE and SQ Management System That Has Been
Audited or Certified by an External Party (API Q1/Q2, ISO 9001, OHSAS 18001/ISO 45001)5

39%

43%

36%

0.000

0.003

0.001

0

2

1

Employees2

0

2

1

Contractors

0

0

0

167

206

183

Total Recordable Incident Rate (Incidents Per 200,000 Hours Worked)

0.25

0.29

0.25

Total Recordable Injuries

165

203

183

Total Recordable Injuries - Employees

157

194

178

Total Recordable Injuries - Contractors

8

9

5

2

3

0

Total Recordable Illness - Employees

2

3

0

Total Recordable Illness - Contractors

0

0

0

High-Consequence Work-Related Injury — Employees

6

6

7

High-Consequence Work-Related Injury — Contractors

0

0

0

High-Consequence Work-Related Injury — Employee Rate (Incidents Per 200,000 Hours Worked)

0.01

0.01

0.01

High-Consequence Work-Related Injury — Contractor Rate (Incidents Per 200,000 Hours Worked)

0.00

0.00

0.00

Lost-Time Incident Rate (Incidents Per 200,000 Hours Worked)2

Total Number of Employees
Total Number of Hours Worked
Certifications

Fatalities
Fatality Rate (Incidents Per 200,000 Hours Worked)
Total Number of Fatalities2

2

Personnel and Process Safety
Total Recordable Incidents
2

Total Recordable Illness

0.09

0.08

0.07

2

0.08

0.08

0.06

Lost-Time Incident Rate - Contractors

0.01

0.00

0.01

60

56

49

Lost-Time Incidents - Employees

56

53

46

Lost-Time Incidents - Contractors

4

3

3

Recordable Vehicle Incident Rate (Incidents Per Million Miles Traveled)

0.37

0.28

0.29

Preventable Recordable Vehicle Incident Rate (Incidents Per Million Miles Traveled)2

0.16

0.10

0.10

Near-Miss Incident Rate (Incidents Per 200,000 Hours Worked)

1.52

0.49

1.41

205,868

220,754234,511

HSE Driver Competency

97%

97%

95%

Journey to ZERO Strategic Objectives Performance Completion

100%

100%

100%

Lost-Time Incident Rate - Employees

2Lost-Time Incidents

Stop Work Authority Observations

2.  Limited assurance provided by KPMG for 2023. Refer to Statements on Sustainability Metrics and Related Notes for standards, frameworks, definitions, and/or management
determined criteria.
5.  Certain 2021 and 2022 numbers were restated based upon changes or improvements to methodologies in collecting the information.

Halliburton 2023 Annual & Sustainability Report

Appendix  62

Social Data

2021

2022

2023

Training Hours Per Learner

34

59

71

HSE Training Compliance

91%

93%

94%

Employee Training Hours

1,431,684

2,574,710

3,294,626

Breakdown of Employee Training (% Male)

88%

88%

87%

Breakdown of Employee Training (% Female)

12%

12%

13%

638

630

636

705,740866,227

1,574,780

Total Hours of HSE Training for Employees

550,180

712,692

1,404,718

Total Hours of HSE Training for Contractors

155,560

153,535

170,062

Business Leadership Level I

149

283

380

Business Leadership Level II

104

169

177

Business Leadership Level III

44

94

98

President’s Leadership Excellence Program

27

28

29

Western Hemisphere (Average)

39.4

39.1

39.5

Eastern Hemisphere (Average)

39.4

39.6

39.7

Global / Manufacturing (Average)

43.3

43.3

43.2

Percentage of Employees < 30 years old

13%

15%

16%

Percentage of Employees 30-50 years old

71%

68%

67%

Percentage of Employees > 50 years old

16%

17%

17%

Employee Training

Number of HSE Training Courses
Total Hours of HSE Training (Employees and Contractors)

Business Leadership Development Courses (Number of Attendees)

Employee Age

Employee Hiring
Total New Hires

6,275

10,513

8,714

Rate of New Hires

15%

24%

19%

Rate of New Female Hires in STEM Roles

19%

23%

28%

Asia Pacific

10%

15%

17%

Europe / Eurasia / Sub-Saharan Africa

14%

14%

19%

Latin America

18%

22%

23%

Middle East / North Africa

6%

12%

12%

North America Land

5%

6%

7%

U.S. Gulf Coast

7%

14%

10%

Global / Manufacturing

23%

22%

23%

Total Employee Turnover Rate

13%

18%

13%

Female Employee Turnover Rate

12%

17%

12%

Male Employee Turnover Rate

13%

18%

13%

Voluntary Employee Turnover Rate

10%

12%

10%

Voluntary Female Employee Turnover Rate

10%

11%

9%

Voluntary Male Employee Turnover Rate

10%

12%

10%

Voluntary STEM Female Turnover Rate

10%

13%

10%

Voluntary STEM Male Turnover Rate

9%

10%

9%

Percentage of Female New Hires by Region

Employee Turnover Rate

Halliburton 2023 Annual & Sustainability Report

Appendix  63

Social Data

2021

2022

2023

70+

70+

70+

130

130

136

13%

13%

14%

Diversity
Countries in Which We Operate
Nationalities
Female Diversity of Total Workforce

2

13%

13%

13%

Female Diversity in Senior Management Positions

16%

16%

16%

Female Diversity in Middle Management Positions

14%

14%

14%

Female Diversity in Junior Management Positions (i.e., First Level of Management)

11%

12%

12%

Female Diversity in STEM Roles

16%

17%

19%

Racial Diversity in Workforce (U.S. Staff Only)

37%

40%

41%

Racial Diversity in All Management Positions, Including Junior, Middle, and Senior Management (U.S. Staff Only)

27%

29%

31%

Racial Diversity in Senior Management Positions (U.S. Staff Only)

25%

26%

25%

Racial Diversity in Middle Management Positions (U.S. Staff Only)

28%

31%

32%

Racial Diversity in Junior Management Positions, i.e., First Level of Management (U.S. Staff Only)

27%

28%

31%

Racial Diversity in STEM Roles (U.S. Staff Only)

34%

36%

39%

93%

93%

92%

Europe / Eurasia / Sub-Saharan Africa

94%

92%

92%

Latin America

95%

95%

95%

Female Diversity in All Management Positions, Including Junior, Middle, and Senior Management

2

Percentage of Localized Workforce
Asia Pacific222

Middle East / North Africa

74%

75%

74%

North America Land and U.S. Gulf2

99%

100%

100%

Global / Manufacturing2

98%

98%

98%

92%

92%

91%

Halliburton Engagement Index (HEI) Rate

3.22

3.26

3.29

Leader Effectiveness Index (LEI) Rate

3.10

3.14

3.17

In-Kind Donations5$2,495,240$2,291,646$1,494,193

Corporate Giving

$

3,094

$

5,069

$

5,172

Halliburton Foundation

$

2,296

$

1,802

$

2,272

Employee Giving

$

778

$

744

$

677

2

Overall2

Employee Engagement (on a 4-Point Scale)Charitable Giving (Thousand USD)

Total5$2,501,408$2,299,261$1,502,314

2.  Limited assurance provided by KPMG for 2023. Refer to Statements on Sustainability Metrics and Related Notes for standards, frameworks, definitions, and/or management
determined criteria.
5.  Certain 2021 and 2022 numbers were restated based upon changes or improvements to methodologies in collecting the information.

Halliburton 2023 Annual & Sustainability Report

Appendix  64

GRI Standards Content Index
Halliburton reports the information cited in this GRI content index with reference to the GRI Universal Standards, GRI 11: Oil andGas 2021 Sector Standards, and Topic Standards. We account for the requirements and guidelines of GRI 1: Foundation 2021 in the
preparation of this index.

Disclosure

Report Location orExternal Document
Reference

World Economic
Forum Stakeholder
Capitalism Pillar andCore Metrics

2024 Proxy Statement;

2-19 Remuneration
policies

2024 Proxy Statement;

About the Report,
page 72

2-20 Process todetermine remuneration

2024 Proxy Statement

2023 Form 10-K, pages
48 & 162, Exhibit 21.1;

2-21 Annual totalcompensation ratio

2023 Proxy Statement;

2-22 Statementon sustainable
development strategy

2023 in Review, page 6

2-23 Policy
commitments

Ethics and Compliance,
page 20;2023 Form 10-K, Cover
Page, pages 1 & 20;
Company at a Glance,
page 3;Financial Highlights,
page 4;2-2 Entities includedin the organization’ssustainability reporting

About the Report,
page 72

2-3 Reporting period,
frequency and contact
point2023 Form 10-K, CoverPage;

2-4 Restatements of
information

About the Report,
page 72

2-5 External assurance

About the Report,
page 72;

About the Report,
page 72

2-6 Activities, value
chain and otherbusiness relationships

2023 Form 10-K, pages
1 & 532-7 Employees

2023 Form 10-K, page 4;

Corporate Governance,
page 14;

2-24 Embedding policy
commitments

2024 Proxy Statement

2-11 Chair of the highest
governance body2024 Proxy Statement;

2-12 Role of the highest
governance bodyin overseeing themanagement of impacts

Corporate Governance
Guidelines;

2-25 Processes toremediate negative
impacts

Governance:
Governance bodycomposition

Corporate Governance
Guidelines

Engagement, page 11;
Corporate Governance,
page 14

Corporate Governance
Guidelines

2024 Proxy Statement

Ethics and Compliance,
page 20;
Halliburton Corporate
GovernanceWebsite - COBC

Data Tables, page 59
2-10 Nomination andselection of the highest
governance body

Corporate Governance
Guidelines

Halliburton Corporate
GovernanceWebsite - COBC

Company at a Glance,
page 32024 Proxy Statement;

Governance: Material
issues impacting
stakeholders
Governance: Setting
purpose2024 Proxy Statement;
2023 Form 10-K, page 1;
Ethics and Compliance,
page 20;
Halliburton Corporate
GovernanceWebsite - COBC

2-26 Mechanisms forseeking advice andraising concerns

Ethics and Compliance,
page 20

2-27 Compliance withlaws and regulations

Data Tables, page 59

2-28 Membershipassociations

Halliburton Policies for
Political Engagement

2-29 Approachto stakeholder
engagement

Engagement, page 11

2-30 Collective
bargaining agreements

2023 Form 10-K, page 4

3-1 Process todetermine material
topicsMateriality-BasedApproach, page 9
Materiality-BasedApproach, page 9

2-13 Delegation of
responsibility for
managing impacts

Corporate Governance
Guidelines;
Corporate Governance,
page 14

3-2 List of material
topics2-14 Role of the highest
governance body insustainability reporting

Corporate Governance
Guidelines;

Sector Standards

Corporate Governance,
page 14

Topic 11.1 GHG Emissions

2-15 Conflicts of interest

2024 Proxy Statement;

EnergyCorporate Governance
Guidelines

302-1 Energy
consumption within theorganization

2-16 Communication ofcritical concerns

Corporate Governance
Guidelines

2-17 Collective
knowledge of the highest
governance body

Corporate Governance
Guidelines

Halliburton 2023 Annual & Sustainability Report

World Economic
Forum Stakeholder
Capitalism Pillar andCore Metrics

Human Rights, page 52;

Statements on
Sustainability Metrics
and Related Notes

2-9 Governancestructure andcomposition

Report Location orExternal Document
Reference

2-18 Evaluation of theperformance of thehighest governancebody

Universal Standards
2-1 Organizational
details

Disclosure

Governance: Protectedethics advice andreporting mechanisms

Governance: Material
issues impacting
stakeholders

Governance: Material
issues impacting
stakeholders

Data Tables, page 59

Emissions305-1 Direct (Scope 1)
GHG emissions

Data Tables, page 59

Planet: Greenhouse gas(GHG) emissions

Appendix  65

Disclosure

Report Location orExternal Document
Reference

World Economic
Forum Stakeholder
Capitalism Pillar andCore Metrics

Disclosure

Report Location orExternal Document
Reference

305-2 Energy indirect(Scope 2) GHG
emissions

Data Tables, page 59

Planet: Greenhouse gas(GHG) emissions

403-5 Worker training
on occupational healthand safety

Health and Safety,
page 40305-3 Other indirect(Scope 3) GHG
emissions

Data Tables, page 59

Planet: Greenhouse gas(GHG) emissions

403-6 Promotion ofworker health

Health and Safety,
page 40;

305-4 GHG emissions
intensity

Data Tables, page 59

Economic Performance
2023 Form 10-K, page 9

Emissions305-5 Reduction of GHG
emissions

Emissions Reduction
Progress, page 27

403-7 Prevention
and mitigation ofoccupational health andsafety impacts directly
linked by business
relationships

Health and Safety,
page 40403-8 Workers coveredby an occupational
health and safety
management system

Data Tables, page 59

403-9 Work-related
injuries

Health and Safety,
page 40;

People: Health and
Safety (%)

Data Tables, page 59
403-10 Work-related illhealthTopic 11.4 Biodiversity
Biodiversity304-2 Significant
impacts of activities,
products and services
on biodiversity

People: Health and
Safety (%)

Our People, page 44

Topic 11.2 Climate adaptation, resilience, and transition

201-2 Financial
implications and otherrisks and opportunities
due to climate change

World Economic
Forum Stakeholder
Capitalism Pillar andCore Metrics

Health and Safety,
page 40;
Data Tables, page 59

Environmental
Management, page 36

Topic 11.5 Waste
Waste

Topic 11.10 Employment practices
Employment practices
401-1 New employee
hires and employee
turnover

Data Tables, page 59

401-2 Benefits provided
to full-time employeesthat are not provided totemporary or part-time
employees

Our People, page 44;306-1 Waste generationand significant
waste-related impacts

Environmental
Management, page 36306-2 Management ofsignificant waste-related
impacts

Environmental
Management, page 36

Training and Education

306-3 Waste generated

Environmental
Management, page 36;404-1 Average hoursof training per year per
employee

Data Tables, page 59

404-2 Programs for
upgrading employee
skills and transition
assistance programs

Training andDevelopment, page 49

Data Tables, page 59
306-4 Waste diverted
from disposal

Data Tables, page 59

306-5 Waste directed todisposal

Data Tables, page 59

Topic 11.6 Water and effluents
Water and effluents

Prosperity: Absolute
number and rate of
employment

Halliburton
Sustainability
Website - Social

People: Training
provided (#)

Supplier Social Assessment
414-1 New suppliers
that were screenedusing social criteria

Supply Chain
Governance, page 22;

Supply Chain
Governance, page 22

Data Tables, page 59

303-1 Interactions
with water as a sharedresource

Environmental
Management, page 36414-2 Negative social
impacts in the supply
chain and actions taken

303-3 Water withdrawal

Environmental
Management, page 36;

Topic 11.11 Non-discrimination and equal opportunity

Data Tables, page 59

Topic 11.8 Asset integrity and critical incident management
Effluents and Waste
306-3 Significant spills

Data Tables, page 59

Topic 11.9 Occupational health and safety
Occupational Health and Safety403-1 Occupational
health and safety
management system

Health and Safety,
page 40403-2 Hazard
identification, risk
assessment, andincident investigation

Health and Safety,
page 40403-3 Occupational
health services

Health and Safety,
page 40403-4 Worker
participation,
consultation, andcommunication on
occupational health andsafetyHealth and Safety,
page 40

Training and Education
404-1 Average hoursof training per year per
employee

Data Tables, page 59

People: Training
provided (#)

Diversity and Equal Opportunity
405-1 Diversity of
governance bodies andemployees2024 Proxy Statement;
Data Tables, page 59

Governance:
Governance bodycomposition
People: Diversity andinclusion (%)

Topic 11.12 Forced labor and modern slavery

Halliburton 2023 Annual & Sustainability Report

Forced or Compulsory Labor
409-1 Operations andsuppliers at significant
risk for incidents offorced or compulsory
labor

Supply Chain
Governance, page 22;
Human Rights, page 52

People: Risk forincidents of child, forced
or compulsory labor.

Supplier Social Assessment
414-1 New suppliers
that were screenedusing social criteria

Supply Chain
Governance, page 22

Appendix  66

Disclosure

Report Location orExternal Document
Reference

World Economic
Forum Stakeholder
Capitalism Pillar andCore Metrics

Topic 11.14 Economic impacts

Prosperity: Economic
Contribution
Prosperity: Total tax paid

201-3 Defined benefit
plan obligations andother retirement plans

202-1 Ratios of standard
entry level wage by
gender compared to
local minimum wage

Data Tables, page 59

2023 Form 10-K, page 67

We pay 187% of thefederal minimum wage
in the United States
for all entry-level,
non-exempt employees.

People: Wage level (%)

Environmental Topics
EnergyTopic 11.20 Anti-corruption

302-4 Reduction ofenergy consumption

Anti-corruption
205-1 Operations
assessed for risks
related to corruption

2023 Form 10-K, page 10205-2 Communicationand training aboutanti-corruption policies
and procedures

Anti-Bribery,Anti-Corruption, andFair Competition,
page 21;

Governance:
Anti-corruption

2024 Proxy Statement

201-4 Financial
assistance received
from government

2023 Form 10-K, page 59

Supply Chain
Governance, page 22308-2 Negativeenvironmental impacts
in the supply chain andactions taken

Supply Chain
Governance, page 22Child Labor

Economic Performance
2023 Form 10-K, pages
1 & 43308-1 New suppliers
that were screenedusing environmental
criteria

Social Topics

Topic 11.21 Payments to governments

201-1 Direct economic
value generated anddistributed

Emissions Reduction
Progress, page 27

Supplier Environmental Assessment

Data Tables, page 59
Sector Standard 11.20.6

Economic PerformanceMarket Presence

Local Communities,
page 53

Procurement Practices
204-1 Proportion of
spending on local
suppliers

World Economic
Forum Stakeholder
Capitalism Pillar andCore Metrics

Economic Topics
2023 Form 10-K, pages
1 & 43

Indirect Economic Impacts
203-1 Infrastructure
investments andservices supported

Report Location orExternal Document
Reference

Topic Standards

Economic Performance
201-1 Direct economic
value generated anddistributed

Disclosure

Prosperity: Economic
Contribution
Prosperity: Total tax paid

408-1 Operations andsuppliers at significant
risk for incidents of childlabor

Supply Chain
Governance, page 22;
Human Rights, page 52

People: Risk forincidents of child, forced
or compulsory labor.

Topic 11.22 Public policy
Public Policy
415-1 Politicalcontributions

Data Tables, page 59

Halliburton 2023 Annual & Sustainability Report

Appendix  67

Sustainability Accounting Standards
Board (SASB) Table
Halliburton is guided by the SASB disclosure topics and metrics within the 2018-10 version Oil & Gas — Services industry per SASB’s
Sustainable Industry Classification System®.

Topic

Emissions
Reduction
Services & Fuels
Management

Accounting Metric

ChemicalsManagement

Workforce Health& Safety

Business Ethics& Payments
Transparency

Report Location or External
Document Reference

World Economic Forum
Stakeholder Capitalism
Pillar and Core Metrics

Data Tables, page 59;

Total fuel consumed, percentage renewable,
percentage used in: (1) on-road equipment andvehicles and (2) off-road equipment

EM-SV-110a.1

Discussion of strategy or plans to address air
emissions-related risks, opportunities, and impacts

EM-SV-110a.2(1) Total volume of fresh water handled inoperations,

Water
Management
Services

Code

EM-SV-140a.1(2) percentage recycled

About the Report, page 72;
Statements on Sustainability
Metrics and Related Notes
Emissions Reduction Progress,
page 27
Environmental Management,
page 36;
Data Tables, page 59

Planet: Water consumption andwithdrawal in water-stressed
areas

Environmental Management,
page 36;

Discussion of strategy or plans to address
water consumption and disposal-related risks,
opportunities, and impacts

EM-SV-140a.2

Volume of hydraulic fracturing fluid used,
percentage hazardous

EM-SV-150a.1

Discussion of strategy or plans to address chemicalrelated risks, opportunities, and impacts

EM-SV-150a.2(1) Total recordable incident rate (TRIR), (2) fatality
rate, (3) near miss frequency rate (NMFR), (4) total
vehicle incident rate (TVIR), and (5) average hoursof health, safety, and emergency response trainingfor (a) full-time employees, (b) contract employees,
and (c) short-service employees

EM-SV-320a.1

Description of management systems used tointegrate a culture of safety throughout the value
chain and project lifecycle

EM-SV-320a.2

Health and Safety, page 40

Amount of net revenue in countries that have the
20 lowest rankings in Transparency International’s
Corruption Perception Index

EM-SV-510a.1

Data Tables, page 59

Data Tables, page 59
Data Tables, page 59
Environmental Management,
page 36;
Halliburton Sustainability
Website - Environment
Data Tables, page 59;
About the Report, page 72;
Statements on Sustainability
Metrics and Related Notes

Ethics and Compliance, page 20;
Description of the management system forprevention of corruption and bribery throughout thevalue chain

EM-SV-510a.2

Managementof the Legal& Regulatory
Environment

Discussion of corporate positions related togovernment regulations and/or policy proposals
that address environmental and social factors
affecting the industry

EM-SV-530a.1

Critical
Incident Risk
Management

Description of management systems used to
identify and mitigate catastrophic and tail-end risks

EM-SV-540a.1

Health and Safety, page 40

Activity Metrics

Total number of hours worked by all employees

EM-SV-000.D

Data Tables, page 59

Halliburton 2023 Annual & Sustainability Report

Anti-Bribery, Anti-Corruption,
and Fair Competition, page 21;
Supply Chain Governance,
page 22

Corporate Governance, page 14;
Public Policy, page 25

Appendix  68

United Nations Sustainable Development
Goals Table
The global community adopted the United Nations Sustainable Development Goals (SDGs) in 2015. Halliburton maps our material
sustainability topics, commitments, and relevant metrics to the SDGs in order to assess our alignment with the priorities of policymakers
and other stakeholders.

Halliburton Material Topics

United Nations Sustainable Development Goals

Halliburton Key Performance Indicators

Financial and Economic
Performance

1.	No Poverty
8.	Decent Work and Economic Growth■ Financial Performance Data

Board Experience andDiversity

5.	Gender Equality
8.	Decent Work and Economic Growth
10.	Reduced Inequalities■ Board Diversity■ Board Independence

Corporate Governance,
Business Ethics, andTransparency

16.	Peace, Justice, and Strong Institutions■ Training Hours for Code of Business Conduct and Anti-Corruption■ Local Ethics Officer Program■ Global Ethics Helpline

Cybersecurity

9.	Industry, Innovation, and Infrastructure■ Security Assessments■ Cybersecurity Training

Supply Chain Human Rights

4.	Quality Education
8.	Decent Work and Economic Growth11.	Sustainable Cities and Communities
12.	Responsible Consumption and Production■ Percentage of Spend with Local Suppliers■ Spend with Small and Female Diverse Suppliers■ Supplier Human Rights Assessments

Legal and Regulatory
Compliance16.	Peace, Justice, and Strong Institutions■ Trade Associations or Tax-Exempt Groups

Enterprise Risk Management

9.	Industry, Innovation, and Infrastructure
16.	Peace, Justice, and Strong Institutions■ Risk Matrix■ Security Assessments

Energy Mix

7.	Affordable and Clean Energy
9.	Industry, Innovation and Infrastructure
13.	Climate Action■ Energy Consumption■ Solar and Renewable Energy

Greenhouse Gas Emissions

7.	Affordable and Clean Energy
9.	Industry, Innovation and Infrastructure
13.	Climate Action■ Emissions Reduction Target■ Greenhouse Gas Emissions Intensity■ Technology Sustainability Matrix

Local Environmental Impact
and Risk Management

13.	Climate Action
15.	Life on Land

■ Waste Generation and Recycling Rate
■ Recordable Environmental Incident Rate
■ Spill Volume

Environmental Stewardship

6.	Clean Water and Sanitation
14.	Life Below Water
15.	Life on Land

■ Water Use■ Spill Volume■ Waste Disposal Methods

Workplace Health and Safety

3.	Good Health and Well-Being■ Journey to ZERO Strategic Objectives■ Total Recordable Incident Rate
■ Lost-Time Incident Rate
■ HSE Training Compliance■ HSE and SQ Management System

Talent Attraction,
Development, and Retention

4.	Quality Education
8.	Decent Work and Economic Growth■ Employee Hiring and Turnover Rates■ Employee Engagement■ Training Hours Per Learner■ Business Leadership Development Courses■ President's Leadership Excellence Program

Diversity and Inclusion

5.	Gender Equality
8.	Decent Work and Economic Growth
10.	Reduced Inequalities
11. Sustainable Cities and Communities■ Female Diversity and Racial Diversity■ Percentage of Localized Workforce■ Spend with Small and Female Diverse Suppliers

Community Relationships

1.	No Poverty
2.	Zero Hunger
3.	Good Health and Well-Being
4.	Quality Education
11.	Sustainable Cities and Communities
16.	Peace, Justice, and Strong Institutions
17.	Partnerships for the Goals■ Charitable Giving■ Percentage of Localized Workforce■ Volunteering■ University Partnerships

Financial and Governance

Environmental

SocialHalliburton 2023 Annual & Sustainability Report

Appendix  69

Task Force on Climate-Related Financial
Disclosures (TCFD) Table
Halliburton is guided by the TCFD disclosure topics within the TCFD Final Report: Recommendations of the Task Force on
Climate-Related Financial Disclosures (2017).
Topic

Description

Disclosure

Governance

Disclose the organization’s governance aroundclimate-related risks and opportunities.

a) Describe the board’s oversight of climate
related risks and opportunities.

a) Describe the climate-related risks andopportunities the organization has identified
over the short, medium and long term.

Strategy

Disclose the actual and potential impacts ofclimate related risks and opportunities on
the organization’s businesses, strategy andfinancial planning where such information ismaterial.

b) Describe the impact of climate-relatedrisks and opportunities on the organization’s
businesses, strategy and financial planning.

c) Describe the resilience of the organization’s
strategy, taking into consideration different
climate-related scenarios, including a 2°C or
lower scenario.

a) Describe the organization’s processes or
identifying and assessing climate-related risks.

RiskManagement

Corporate Governance, page 14;
Enterprise Risk Management, page 17;
Emissions Reduction Progress, page 27

Emissions Reduction Progress, page 27

Sustainability Commitments, page 10;
Emissions Reduction Progress, page 27

Emissions Reduction Progress, page 27

Enterprise Risk Management, page 17;
Emissions Reduction Progress, page 27

Disclose how the organization identifies,
assesses and manages climate-related risks.
b) Describe the organization’s process for
managing climate-related risks.

a) Disclose the metrics used by theorganization to assess climate-related risks andopportunities in line with its strategy and risk
management process.

Metrics andTargets

Report Location

Disclose the metrics and targets used to assess
and manage relevant climate-related risks
and opportunities where such information ismaterial.

b) Disclose Scope 1, Scope 2 and, if
appropriate, Scope 3 greenhouse gas (GHG)
emissions and the related risks.

c) Describe the targets used by theorganization to manage climate-related risks,and opportunities and performance against
targets.

Halliburton 2023 Annual & Sustainability Report

Emissions Reduction Progress, page 27

Emissions Reduction Progress, page 27;
Data Tables, page 59

Emissions Reduction Progress, page 27;
Data Tables, page 59

Emissions Reduction Progress, page 27

Appendix  70

A2

AWARDS AND RECOGNITIONTECHNOLOGY ANDINNOVATION AWARDS
2023 Gulf Energy Information Excellence Award■

Best Deepwater Technology — EarthStar® X Near-bit,
Shallow and Ultra-deep Resistivity Service

2023 Hart’s E&P Meritorious Awards (MEA)■

StrataStar® Deep Azimuthal Resistivity Service,
Sperry Drilling■

LOGIX® Autonomous Drilling Platform’s Auto Steer Module,

American Opportunity Index■

2023 Society for Petroleum Engineers
Public Service Award■■

Fuzion EH electro-hydraulic downhole wet-mate connector,
Halliburton Completion Tools

SUSTAINABILITY AWARDS
Dow Jones Sustainability Indices■2023 Dow Jones Sustainability North America Index

NOIA Safety in Seas Awards■

2023 Safety Practice Award — Risk Management &5 Checks to Go

2023 Workplace Safety and Health Council with
Singapore Manufacturing Federation■

Workplace Safety and Health Innovation Awards —Halliburton Completions Mfg. Pte Ltd: Pressure Test Trolley■

Workplace Safety and Health Awards for Supervisors —Siva Elumalai & Low Kim Nam■

S&P Global■

Rahul Patil

HSE AWARDS AND RECOGNITION

Sperry Drilling®

2023 Top 10 Leaders in Oil & Gas Sector

Workplace Safety and Health Performance Awards —Silver Award — Halliburton Completions Mfg. Pte Ltd

2024 Sustainability Yearbook Member based on 2023

2023 OSHA VPP Star Awards

Corporate Sustainability Assessment■

COMPANY WORKFORCE AWARDS

Carrollton Manufacturing and Technology —Carrollton, TX■

Halliburton Drill Bits — Conroe, TX■

North Belt Manufacturing — Houston, TX■

Jet Research Center — Alvarado, TX■

Duncan Manufacturing — Duncan, OK

Forbes■Lafayette Manufacturing — Lafayette, LA■

2023 America's Best Employers by State List - Colorado

ExxonMobil Ruby Awardand Texas■

ALLY Energy GRIT Awards & Best Energy Workplace■■2023 Best Energy Team Award, Halliburton Labs

2023 Global 2000 List

Newsweek■

2023 America’s Greatest Workplaces■2023 America’s Greatest Workplaces for Diversity

Minority Engineer Magazine■

2023 Top 50 Employers list

Saudi Aramco In-Kingdom Total Value Add Award■

2023 Best in Training and Development

2023 Global Wells Supplier of the YearAMCHAM Trinidad and Tobago■

2023 Excellence in HSE Award - Halliburton Trinidad Ltd.

Chevron and Kuwait Gulf Oil Company■

2023 EHS Performance Award - Halliburton Overseas Ltd.

Abu Dhabi International Petroleum Exhibition
and Conference■

2023 Contractor HSE Excellence Award

Global ERG Network — Diversity Impact Awards®
■

2023 Diversity Spotlight Impact Award — BELIEVE
Employee Resource Group

Halliburton 2023 Annual & Sustainability Report

Appendix  71

A3

ABOUT THE REPORTTHIS REPORT COVERS THE FISCAL PERIOD FROM JANUARY 1, 2023,
TO DECEMBER 31, 2023, FOR GLOBAL HALLIBURTON ACTIVITIES.
Halliburton is a publicly traded corporation registered in

Published date of previous report: April 2023

Delaware and headquartered in Houston, TX. There wereno significant changes to the structure or ownership of theReporting cycle: Annual restatements of previously reported

Company in 2023. The data in this report encompasses

information are indicated where necessary throughout

our product service lines, countries, joint ventures, andthe report.

non-wholly-owned subsidiaries.
The 2023 Annual & Sustainability Report has not beenThis report contains descriptions of our 2023 sustainability

externally assured in its entirety. KPMG has provided

initiatives, unless otherwise noted. Wherever possible,

limited assurance on certain metrics in the Statements on

assessments of performance trends from 2021 to 2023 are

Sustainability Metrics and Related Notes as notated in theprovided to better highlight the significance of trends overappendix data tables.

time. Topics covered in this report are those most pertinent
to our business sector, and they arise from the context andYour feedback is valued. Please send any comments,

expectations of the sector. The boundaries of this reportquestions, or suggestions about our 2023 Annual &correspond to those of the Company’s 2023 Form 10-K. The

Sustainability Report to: sustainability@halliburton.com

data included in this report comes from the Company’s official

or investors@halliburton.com

management and reporting systems for the various functions
described in this document.

Halliburton's 10-K and Proxy Statements are referenced inthis report, which can be found on our website underThe 2023 Annual & Sustainability Report is prepared

Investors - Annual Reports and Proxies. You can also read ourwith reference to the Global Reporting Initiative (GRI)

Corporate Governance Guidelines on our website.

standards. We also follow the reporting guidelines andterminology of the International Petroleum Industry

To request additional copies of the report, please go to:Environmental Conservation Association and the Sustainability

www.ir.halliburton.com/shareholder-services/ investor-toolkit.

Accounting Standards Board (SASB) as well as take into
consideration the Task Force on Climate-Related Financial
Disclosures (TCFD) recommendations. We have mapped
our material sustainability topics, commitments, and relevant
metrics to the United Nations Sustainable Development
Goals and applicable World Economic Forum’s core setof Stakeholder Capitalism Metrics. We provide annual
information to the S&P Global Corporate Sustainability
Assessment (CSA), CDP, and other organizations that assesscompanies for sustainability performance.

Halliburton 2023 Annual & Sustainability Report

Appendix  72