Annual &
Sustainability
Report
2022
Table of Contents
Company at a Glance ����������������������������������������������������������������������������������������������������������������������������������������������������������������3
Financial Highlights �������������������������������������������������������������������������������������������������������������������������������������������������������������������4
Environmental, Social, and Governance Highlights�������������������������������������������������������������������������������������������������������5
2022 in Review ����������������������������������������������������������������������������������������������������������������������������������������������������������������������������6
Mission, Values, and Sustainability Guiding Principles �������������������������������������������������������������������������������������������������9
Materiality-Based Approach ������������������������������������������������������������������������������������������������������������������������������������������������10
Sustainability Commitments ������������������������������������������������������������������������������������������������������������������������������������������������11
Engagement ������������������������������������������������������������������������������������������������������������������������������������������������������������������������������12
Governance �������������������������������������������������������������������������������������������������������������������������������������������������������������������������������14
Corporate Governance �����������������������������������������������������������������������������������������������������������������������������������������������������15
Enterprise Risk Management ����������������������������������������������������������������������������������������������������������������������������������������20
Ethics and Compliance ����������������������������������������������������������������������������������������������������������������������������������������������������23
Anti-Bribery, Anti-Corruption, and Fair Competition ������������������������������������������������������������������������������������������ 24
Supply Chain Governance ����������������������������������������������������������������������������������������������������������������������������������������������25
Public Policy ������������������������������������������������������������������������������������������������������������������������������������������������������������������������28
Environmental �������������������������������������������������������������������������������������������������������������������������������������������������������������������������29
Climate Change and Low-Impact Solutions �����������������������������������������������������������������������������������������������������������30
Sustainable and Secure Energy Future �������������������������������������������������������������������������������������������������������������������� 33
Environmental Management ����������������������������������������������������������������������������������������������������������������������������������������42
Social �������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������46
Health and Safety ���������������������������������������������������������������������������������������������������������������������������������������������������������������47
Our People ���������������������������������������������������������������������������������������������������������������������������������������������������������������������������� 52
Training and Development ���������������������������������������������������������������������������������������������������������������������������������������������56
Diversity, Equity, and Inclusion �������������������������������������������������������������������������������������������������������������������������������������59
Human Rights ���������������������������������������������������������������������������������������������������������������������������������������������������������������������65
Local Communities ������������������������������������������������������������������������������������������������������������������������������������������������������������67
Appendix�������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������73
Data Tables ����������������������������������������������������������������������������������������������������������������������������������������������������������������������������74
Awards and Recognitions ����������������������������������������������������������������������������������������������������������������������������������������������86
About the Report ����������������������������������������������������������������������������������������������������������������������������������������������������������������87
3
COMPANY
AT A GLANCE
At December31, 2022
130
Nationalities
44,968
Employees
70+
Countries
North America
2 Countries
15,768 2022 Headcount
5 Major Technology Centers
Latin America
10 Countries
6,928 2022 Headcount
1 Major Technology Center
Europe / Africa / CIS
37 Countries
7,895 2022 Headcount
2 Major Technology Centers
Middle East / Asia
26 Countries
14,377 2022 Headcount
4 Major Technology Centers
Halliburton 2022 Annual & Sustainability ReportIntroduction
Financial Highlights
4
Millions of U.S. Dollars (USD) and Shares, Except Per Share Data
20201
20211
20221
Revenue
Total Operating Expenses
Operating Income (Loss)
Income (Loss) Before Taxes
Amounts Attributable to Company Shareholders:
Net Income (Loss) Attributable to Company
Basic Income (Loss) Per Share from Continuing Operations
Diluted Income (Loss) Per Share from Continuing Operations
Cash Dividends Per Share
Basic Common Shares Outstanding
Diluted Common Shares Outstanding
Net Working Capital2
Total Assets
Total Debt
Total Shareholders' Equity
Cash Flows from Operating Activities
Capital Expenditures
Depreciation, Depletion, and Amortization
Total Capitalization3
Debt to Total Capitalization4
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
14,445 $
15,295 $
20,297
16,881 $
13,495 $
17,590
(2,436) $
1,800 $
(3,220) $
1,252 $
2,707
2,110
(2,945) $
1,457 $
1,572
(3�34) $
(3�34) $
1�63 $
1�63 $
1�74
1�73
0�315 $
0�180 $
0�480
881
881
892
892
904
908
5,054 $
5,637 $
5,607
20,680 $
22,321 $
23,255
9,827 $
9,138 $
4,983 $
6,728 $
1,881 $
1,911 $
728 $
1,058 $
799 $
904 $
7,928
7,977
2,242
1,011
940
14,810 $
15,866 $
15,905
66%
58%
50%
1� Reported results during these periods include impairments and other charges of $366 million for the year ended December 31, 2022; $12 million for the year ended December 31, 2021;
and $3�8 billion for the year ended December 31, 2020�
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
Europe/Africa
CIS
12%
Middle East/
Asia
24%
$20.3B
USD
Latin
America
17%
North
America
47%
Strong Free Cash Flow
Millions of Dollars
Adjusted Return on
Capital Employed
14%
$1,439
$1,369
$1,431
9%
7%
2020
2021
2022
2020
2021
2022
Halliburton generated over $1�4 billion of free
cash flow* in 2022, demonstrating our ability to
generate strong free cash flow in different
business environments�
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 calculated as: “Adjusted operating
profit, after-tax” divided by “Average capital employed�”
* Management believes that free cash flow, defined as operating cash flows less capital expenditures, plus proceeds from sale of equipment, is an important liquidity measure that is useful
to investors and management for assessing the company’s ability to generate cash.
Halliburton 2022 Annual & Sustainability ReportIntroduction
Environmental, Social, and
Governance Highlights
5
Environmental
Safety
Recordable
Environmental
Incident Rate
GHG Emissions
Intensity Scope
1 and 2
Incidents per 200,000
hours worked
MTCO₂ e/operating
hours
Total Energy
Consumption
Thousand gigajoules
(GJ)
Lost-Time
Incident Rate
Total Recordable
Incident Rate
Preventable Recordable
Vehicle Incident Rate
Incidents per 200,000
hours worked
Incidents per 200,000
hours worked
Incidents per million
miles traveled
0�02
0�02
0�02
0�2643
0�2257
0�1969
39,775
47,850
47,877
0�20
0�67
0�16
0�10
0�09
0�08
0�06
0�29
0�25
0�20
0�06
2020
2021
2022
2020
2021
2022
2020
2021
2022
2020
2021
2022
2020
2021
2022
2020
2021
2022
2022 International Association of Drilling Contractors (IADC) industry average
Social
Female Diversity of
Total Workforce
Percentage of all
employees
Female Diversity
in All Management
Positions
All employees
(positions include
junior, middle, and
senior management)
Governance
Charitable Giving
Billion USD
CPA-Zicklin
Index Score
Training Hours
for COBC,
Anti-Corruption,
and Enhanced
Procurement
Fraud in Countries
Designated as
High-Risk
Percentage of
Suppliers Assessed
in the Last Three
Years for Human
Rights Risks
13%
13%
13%
12%
13%
13%
$2�5$2�5
$2�5$2�5
$2�3$2�3
93
80
98%98%
99%99%
99%99%
56,689
58,078
39,866
2020
2021
2022
2020
2021
2022
2020
2021
2022
2021
2022
2020
2021
2022
2020
2021
2022
Halliburton 2022 Annual & Sustainability ReportIntroduction
2022
in Review
6
We delivered more than $1�4 billion of free cash flow for
the full year and retired $1�2 billion in debt, demonstrating
our ability to generate free cash flow throughout different
business environments� We also returned about $685
million back to shareholders in the form of dividends and
share repurchases� In 2023, we committed to return at
least 50% of free cash flow back to shareholders and raised
our first quarter dividend to $0�16 per share effective
March 2023�
As the multi-year oil and gas industry upcycle accelerates,
we will continue to execute on our strategic priorities and
drive free cash flow and returns for our shareholders�
We will remain focused on meeting the demand for
secure, affordable, and reliable energy and provide our
customers with products and services that help reduce
their emissions� In 2022, we found opportunities to reduce
our own emissions and progressed on our goals to reduce
Scope 1 and 2 emissions by 40% by 2035 from our 2018
baseline year� We will build on the progress made and utilize
our technology leadership to provide the products and
services our customers require�
Halliburton’s 2022 Annual & Sustainability Report
demonstrates the many ways we execute on our
strategic priorities, sustainability commitments,
and our value proposition. We delivered profitable
Deliver Profitable
International Growth
We served customers in more than 70 countries in 2022,
delivered strong revenue growth, and improved returns�
international growth, maximized value in North
We exercised capital discipline by deploying capital to the
America, increased capital efficiency, and
advanced cleaner, affordable energy. We did this
highest returning opportunities and delivered competitive
technologies that fundamentally improved our margin
profile� This increased revenue and margins every quarter
safely, efficiently, and ethically while striving to
in 2022�
minimize Halliburton’s collective
environmental impact.
Halliburton’s strong financial performance in 2022
demonstrates the earnings power of our well-executed
strategy� Our success belongs to the hard work and
dedication of the nearly 45,000 Halliburton employees
who live and work around the world� Their commitment
to Halliburton’s strategic priorities led to strong business
results across all our regions and product service lines,
despite geopolitical conflicts, inflation, and supply chain
constraints� They accomplished this through a relentless
focus on safety, operational excellence, customer
collaboration, and service quality performance�
For example, our iCruise® directional drilling system is a key
contributor to our increased international profitability and
now constitutes about half of our rotary steerable fleet� Our
new chemical reaction plant in Saudi Arabia, the first of its
kind in the region, mixed the first batch of chemicals and is
well on its way to supplying chemicals for Halliburton and
our customers� These and many other accomplishments
last year give us great confidence in our continued
profitable international growth in 2023�
Halliburton 2022 Annual & Sustainability ReportIntroduction
Maximize Value in North America
Halliburton remains the only fully integrated oilfield
services company in North America� Our strategy in the
world’s largest oil and gas services market in the world
has not changed — we intend to maximize value in North
America� Last year, our performance in North America
demonstrated our strategy in action — to maximize value
through capital efficiency and differentiated technology�
Our strong product and services portfolio and strong
performance make us the service provider of choice� We
are the leaders in high-demand, low-emissions equipment
solutions� We provide industry-leading electric frac and Tier
4 dual-fuel fleets that meet our customers’ goals, operate
safely, and minimize emissions� Our field-proven and best-
in-class Zeus™ electric fleets provide customers with the
performance, reliability, and lower emissions they expect
from Halliburton� Zeus™ is a proven design with a strong
operational track record� Additionally, technologies such as
SmartFleet provide customers with data about where and
how their fractures permeate and the real-time ability to
improve completion performance�
Accelerate Digital and
Automation
7
We also deploy our digital solutions to advance a
sustainable energy future� Our DecisionSpace® 365
solution suite offers optimal development plan proposals
for a specific field based on such factors as economics,
technical capabilities, and CO2 emissions� These examples
illustrate Halliburton’s progress to advance digitalization
and automation in all aspects of our business�
Increase Capital Efficiency
Our focus remains to drive capital efficiency across the
balance sheet as we deliver significant free cash flow to
our shareholders� Through our research and development
process, we build tools at less cost, lengthen their run life,
and move assets to where they make the best returns�
We used this approach to successfully deploy several
technologies, including iCruise®, iStar™, Zeus™, and others�
Each delivers better margins by reducing capital cost,
increasing capital velocity, or — in many cases — both�
Advance Cleaner,
Affordable Energy
Our strategy to advance a sustainable energy future
centers on technology that helps our oil and gas
customers decarbonize their production base, reduce
In every part of our business, Halliburton is a leading
water consumption, produce less waste, and enhance
innovator in technology, automation, and digital solutions
efficiencies to improve project economies� Our global
that benefit our own business and our customers�
resources, engineering leadership, and scientific and
Our strategy to drive digital and automation creates
technical expertise gives our customers the efficient and
technological differentiation, contributes to higher
innovative tools to minimize the environmental impact
margins, and drives internal efficiencies and cost savings�
of their oil and gas operations� These products and
For example, the HalVue® real-time data monitoring service
gives customers a consistent view of data from the rig to
help maximize asset value� We have successfully deployed
Well Construction 4�0 digital transformation technology for
several customers with improved drilling performance and
reduction in rig site personnel� And our LOGIX® automated
drilling platform integrates and automates drilling with
subsurface insight through the iCruise® intelligent rotary
steerable system and the iStar™ platform� With more than
seven million feet drilled in 20 plus countries, the LOGIX®
platform reduces operational risks and delivers
wells reliably�
services extend beyond traditional oil and gas and include
technologies to advance carbon capture and storage
(CCS), as well as geothermal� This report highlights how
Halliburton employs those solutions in adjacent markets�
Halliburton Labs, our clean energy accelerator, completed
its second full year in 2022� The collaborative environment
where entrepreneurs, academics, investors, and industrial
labs come together to advance cleaner, affordable energy
started with just one participant� As of the end of 2022,
we now have 21 participating companies and alumni� By
supporting these organizations with our expertise and
infrastructure, we deploy a mutually beneficial, capital-light
accelerator that helps achieve the participants’ strategic
goals and allows Halliburton to gain new insights about the
prospects that exist in these emerging energy markets and
as future value chains develop�
Halliburton 2022 Annual & Sustainability ReportIntroduction Into the Future
We see great opportunity as activity accelerates
throughout this unfolding multi-year upcycle� The events
of 2022 demonstrated the importance of a balanced
approach to meeting the world's energy needs, including
securing access to oil and gas far into the future� As
energy evolves, so will Halliburton — just as we have done
for the past century� Our core competencies, innovative
technology, and service excellence have an important role
to play whether in emerging or established economies� We
have the global footprint and vast knowledge to help our
customers provide secure, reliable, affordable energy to
the world�
We are excited about 2023 and beyond, and we are
grateful for the roles our employees, Board of Directors,
and shareholders play in our success� We look forward
for the opportunity to deliver profitable international
growth, maximize value in North America, increase capital
efficiency, develop and deploy digital and automation
solutions, and advance cleaner, affordable energy� We
remain focused on our value proposition: to collaborate and
engineer solutions that maximize asset value for
our customers�
8
Strategic Priorities
at a Glance
Deliver industry-leading returns
and strong free cash flow
Profitable
International
Growth
Maximize Value
in North America
Digital
Halliburton 4.0
Capital Efficiency
Sustainable
Energy Future
Jeffrey A. Miller
Eric J. Carre
Lawrence J. Pope
Chairman of the Board, President
Jeffrey A. Miller
and Chief Executive Officer
Chairman of the Board, President
and Chief Executive Officer
Executive Vice President
Eric J. Carre
and Chief Financial Officer
Executive Vice President
and Chief Financial Officer
Executive Vice President
Lawrence J. Pope
of Administration and
Chief Human Resources Officer
Executive Vice President
of Administration and
Chief Human Resources Officer
Van H. Beckwith
Executive Vice President,
Van H. Beckwith
Secretary and Chief Legal Officer
Executive Vice President,
Secretary and Chief Legal Officer
Mark J. Richard
President,
Mark J. Richard
Western Hemisphere
President,
Western Hemisphere
Joe D. Rainey
President,
Joe D. Rainey
Eastern Hemisphere
President,
Eastern Hemisphere
Halliburton 2022 Annual & Sustainability ReportIntroduction
Mission,
Values, and
Guiding
Principles for
Sustainability
Mission
9
Our Value
Proposition:
We collaborate and engineer
solutions to maximize asset
value for our customers�
Values
Our values are the bedrock of how we treat each other as
well as every individual and entity with whom we interact�
We think of our values as our corporate DNA� We expect
Halliburton's mission is to achieve superior growth and
every Halliburton employee to use, live by, and demonstrate
returns for our shareholders by delivering technology and
these principles daily�
services that improve efficiency, increase recovery, and
maximize production for our customers� To learn more
Guiding Principles for Sustainability
about our mission, vision, values, and sustainability guiding
Built on our values, the Halliburton Guiding Principles for
principles, visit our website�
Sustainability provide the framework for our operations and
our future�
Our Values
RELIABILITY
SAFETY
COLLABORATION
COMPETITION
CREATIVITY
RESPECT
INTEGRITY
Guiding Principles for Sustainability
HEALTH, SAFETY,
AND ENVIRONMENT
COLLABORATION
FINANCIAL
PERFORMANCE
TECHNOLOGY
AND INNOVATION
GLOBAL
CITIZENSHIP
TRANSPARENCY
Our Mission
Halliburton 2022 Annual & Sustainability ReportIntroduction
Materiality-Based Approach
10
Halliburton's sustainability strategy is built upon our
prior years, we expanded previously aggregated topics,
material environmental, social, and governance (ESG)
such as climate change and supply chain governance, into
topics� We continue to engage in open, frank dialogue with
detailed subtopics, namely energy mix, greenhouse gases,
our stakeholders to ensure we are focused on the right
supply chain human rights, and supply chain conflict
priorities� In 2022, we reviewed our materiality assessment
minerals, respectively� The results continue to support our
through engagement with investors, customers,
sustainability commitments and the initiatives highlighted
workforce, community organizations, and suppliers to
in this report� This materiality matrix visually depicts
help identify and prioritize ESG topics that are material to
the importance of each topic relative to two standards
the Company� We took a three-tiered approach to conduct
of valuation� The X-axis demonstrates the importance
the assessment, with key stakeholders involved through
ascribed to each issue by the industry, and the Y-axis
different levels of engagement� Along with priorities from
demonstrates each issue's importance to our stakeholders�
WHS
CS
EM
TDR
DEI
BED
CG
FEP
GHG
V
e
r
y
H
i
g
h
CM
SCHR
LRC
LEI
H
i
g
h
WTR
l
s
r
e
d
o
h
e
k
a
t
S
o
t
e
c
n
a
t
r
o
p
m
I
ERM
M
o
d
e
r
a
t
e
Impacts to Industry
Governance
Social
Environmental
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 Compliance
CG
EM
Corporate Governance, Business Ethics,
and Transparency
Energy Mix
WHS
Workplace Health and Safety
TDR
DEI
CM
Talent Attraction, Development, and
Retention
Diversity, Equity, and Inclusion
Chemicals Management
LEI
WTR
ERM
Local Environmental Impact and Risk
Management
Water Stewardship
Enterprise Risk Management
Dow Jones Sustainability Indices
In 2022, Halliburton was recognized by Dow Jones Sustainability Index (DJSI) as a S&P Global Sustainability Yearbook Member for
the second year in a row. The Company qualified for addition to the 2022 Dow Jones Sustainability Indices, which recognizes the top
10% most sustainable companies per industry� The DJSI uses environmental, social, and governance criteria to measure and rank the
performance of best-in-class companies selected for its list� Among its industry peers, Halliburton ranked in the 98th percentile for
sustainability, and received high marks in the Human Capital Development, Risk and Crisis Management, and Business Ethics categories�
Halliburton 2022 Annual & Sustainability ReportIntroduction
Sustainability Commitments
11
Topics
Climate
Change
Environmental
Management
Innovation
Human Rights
Occupational
Safety -
Journey to
ZERO
Skilled and
Committed
Workforce
Diversity,
Equity,
and
Inclusion
Risk
Management
Ethical
Operations
Supplier Conduct
and Responsible
Procurement
Community
Relationships
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Commitment
Material Issue
Metrics
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.
Establish and achieve activity-based waste-reduction
targets in our major facilities.
Create water-use improvement plans in our major facilities
located in water-stressed areas.
Lead the industry in innovation and conscientious
stewardship of global resources.
Provide solutions that support decarbonizing our
customers’ production base.
Support universal human rights as defined by the United
Nations Universal Declaration of Human Rights through
fair and ethical employment practices and our Code of
Business Conduct.
Target outperforming total recordable incident rate and
lost-time incident rate in the International Association of
Drilling Contractors sector benchmarking.
Achieve HSE training compliance >95%, driver competency
>95%, and 100% completion of our annual Journey to
ZERO strategic objectives.
•
•
Energy Mix
Greenhouse Gas Emissions
•
GHG Emissions
•
•
•
•
•
•
•
Chemicals Management
Water Stewardship
Local Environmental Impact
and Risk Management
•
•
•
Waste Disposal
Water Consumption
Spill Volume and Rate
Financial and Economic
Performance
Energy Mix
Greenhouse Gas Emissions
Chemicals Management
•
•
R&D (Patents and Spend)
Financial Performance
•
Supply Chain Human Rights
•
Supply Chain Assessments
•
Workplace Health and Safety
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Fatalities, Injuries,
Safety Incidents and Rates
HSE Training Hours
HSE Training Compliance
Driver Competency
Training Hours
Business Leadership
Development Program and
President’s Leadership
Excellence Program
Attendees
New Hires (#, %)
Turnover Rates
Engagement Indices
Female % New Hire by Region
Localized Workforce % by
Region
Female Diversity
Board Diversity
% Female in STEM Roles
% Racial Diversity in STEM
Roles (U.S. only)
Board Independence
Board Meeting Attendance
Risk Matrix
Security Assessments
Local Ethics Officers and
Engagements/Trainings
Ethics Training
Code of Business Conduct
(COBC) Statistics
Tier 1 Suppliers (#, $)
Spend with Small and
Female Diverse Suppliers
% Spend with Local Suppliers
Have a skilled and committed workforce by listening and
responding to our employees’ feedback and committing
to an engaged workforce that feels valued with the right
support and resources to be successful.
•
Talent Attraction,
Development, and Retention
Provide a diverse, equitable, and inclusive environment
that upholds our core values of collaboration and respect,
and provides all employees opportunities for growth and
development.
Streamline risk categories, risk identification, and risk
management to ensure best alignment with Halliburton
strategy and place a critical focus on what 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.
Conduct business with integrity, choosing the ethical
course of action when confronted with challenging
circumstances, promoting a speak-up culture free of
retaliation, and treating our employees and stakeholders
honestly and fairly.
Cultivate a sustainable supply chain through the continuous
improvement of internal processes, by performing proactive
risk assessments, and by working collaboratively with our
diverse mix of global and local suppliers.
•
•
•
•
•
•
•
•
•
Board Experience and
Diversity
Diversity, Equity, and
Inclusion
Corporate Governance, Business
Ethics, and Transparency
Workplace Health and Safety
Cybersecurity
Legal and Regulatory
Compliance
Local Environmental Impact
and Risk Management
Enterprise Risk Management
Corporate Governance,
Business Ethics, and
Transparency
•
Supply Chain Human Rights
Enhance the social value of communities in which
we live and work through effective engagement and
social investment.
•
•
Talent Attraction,
Development, and Retention
Local Communities
•
Charitable Giving
Halliburton 2022 Annual & Sustainability ReportIntroduction Engagement
12
inclusion (DE&I) performance and strategies; and our
approach to the energy mix transition� After receiving these
new materials, additional shareholders accepted the
offer to meet�
In addition to providing an off-season investor engagement
The Halliburton Board of Directors and our management
program, we solicited shareholder feedback coincident
receive valuable input from all stakeholders regarding our
with annual and quarterly reporting, earnings conference
business performance, strategic priorities, and initiatives�
calls, and investor meetings� Halliburton's senior
In 2022, we engaged in regular discussions guided by our
management and Investor Relations team held regular
Listen and Respond mainstay principle� The Halliburton
meetings and conference calls with analysts, institutional
website plays an important role in our outreach efforts and
investors, and ESG rating firms, among others� In 2022,
our commitment to transparency�
Shareholders
Halliburton’s Board values continuous improvement.
We prioritize regular engagement with our shareholders
through ongoing, open dialogue that helps us gather
valuable feedback and ensures we are aware of
investor viewpoints�
To that end, in 2022, independent Board members offered
off-season meetings to better understand shareholder
priorities and concerns prior to the proxy voting season�
We offered to engage with our largest shareholders, as
well as several others who had contacted Halliburton�
This engagement included offering and participating in
Halliburton participated in 13 sell-side conferences, three
non-deal roadshows, and approximately 313 investor
meetings that were all part of the Company's ongoing
cadence of shareholder outreach�
Our senior management and Directors presented
shareholder feedback to the full Board of Directors for
discussion� As a result of these engagements and Board
consideration of investor feedback, over the last two years
we made changes discussed in this report, including
enhancements to our Board governance and executive
compensation program� For more information about
changes to our executive compensation, please visit
Chapter G1 on Corporate Governance in this report�
in-person sessions� Board members and management
Customers
conducted meetings with 20 shareholders representing
approximately 50% of our shares, and with the two largest
proxy advisors, Institutional Shareholder Services Inc�
(ISS) and Glass Lewis� These included video conferences
or in-person meetings with Murry Gerber (Chair of the
Compensation Committee) or Robert Malone (Lead
Independent Director) and senior management�
The Company distributed our refreshed shareholder
presentation to our largest shareholders and others
who contacted Halliburton, even if they were unable
to participate in a meeting or video call, and offered to
follow up with them� 2022 updates to these materials
highlighted the most recent available information about
our Board oversight and corporate governance; executive
compensation program; health, safety, and environment
(HSE) performance and strategies; diversity, equity, and
To develop an in-depth understanding of our customers'
strategies, priorities, and requirements, our executive
leadership, business development team, and product
lines regularly engage with customers� By communicating
directly with customers at multiple levels, Halliburton gains
a thorough understanding of their short- and long-term
goals around efficiency, technology, and sustainability�
Direct customer feedback is a valued part of the process
to align our investments in research and development
(R&D) for new products and services and improvements
to existing solutions. We continue to collaborate with our
customers to provide solutions that maximize their asset
value and help reduce their emissions as they transition to
a lower-carbon future�
Halliburton 2022 Annual & Sustainability ReportIntroduction
13
Employees
Regulators
Halliburton's employee population is highly diverse� We
At Halliburton, we stay engaged with the agencies
know it is essential to the health of our Company and
and regulators responsible for creating and enforcing
workforce to make sure every employee is cared for and
regulatory standards that protect the environmental,
that our workplace is inclusive and welcoming. We maintain
social, and economic fabrics of the countries where
a number of activities and initiatives to promote employee
Company operations take place� The Halliburton
care and an inclusive culture, including personal Check-
Government Affairs group works with government
Ins (Halliburton's performance-management process),
officials, policymakers, and local operations management
workshops, townhall meetings, performance feedback,
teams to educate them about Company technologies
employee resource groups (ERGs), and our biannual
and products; provide in-depth information about our
Employee Pulse Survey (EPS)� These activities and
business; and collaborate on the issues prioritized by our
initiatives help us cultivate a workplace in which all of our
customers, employees, and other stakeholders� In addition,
employees feel their voices are heard�
Halliburton is at times, sought out by government officials
and policymakers to share our knowledge and experience
In particular, Halliburton's biannual EPS is an essential
on energy-related topics� We also serve as a technology
opportunity to listen to employees, and its results provide
input about ways we can improve our workplace for all
employees� To read more about the results of the 2022
EPS, which yielded a record-high response rate, please
refer to Chapter S4 on Diversity, Equity, and Inclusion in
this report�
Suppliers
Halliburton cultivates a resilient, sustainable, and value-
creating supply chain to enable us to provide world-class
services to our customers� Engaging a diverse mix of local
and global suppliers who share and uphold our ethical
standards and values is fundamental to this work� We
obtain feedback and ensure collaboration with suppliers
on important matters such as worker health and safety
procedures, human rights compliance, and reduction of
environmental impacts� We engage with suppliers through
our ESG and sourcing platforms, meetings, workshops,
training sessions, and digital platforms�
and local content resource for foreign service offices,
consulates, and embassies around the world�
Local Communities and Non-Governmental
Organizations (NGOs)
We engage in a variety of activities to support and promote
the economic and social well-being of our communities�
We facilitate meetings with community groups, nonprofit
organizations, and NGOs to seek a better understanding
of their requirements and concerns; give back to our
communities by hosting volunteer initiatives focused
on education, social services, health and safety, and
environmental cleanup and awareness; and facilitate
charitable giving to local community organizations through
our corporate giving initiatives and charitable foundations�
Halliburton 2022 Annual & Sustainability ReportIntroduction
14
GOVERNANCE
Halliburton recognizes that good corporate governance plays a vital role in building trust
with our shareholders, customers, and employees. We seek out opportunities to improve
performance and further strengthen corporate governance. The Company's corporate
governance structure helps increase our transparency and shapes our approach to ethical
business conduct. Under the leadership of Halliburton's Board of Directors, the Company has
established governance structures, policies, and practices designed to foster accountability,
reduce risk, and push us to achieve the highest standards.
G1
Corporate
Governance
G2
G3
Enterprise Risk
Management
Ethics and
Compliance
G4
Anti-Bribery,
Anti-Corruption,
and Fair Competition
G5
Supply Chain
Governance
G6
Public Policy
Visit Halliburton's website for more details and background regarding corporate governance and our
Board of Directors, including committee structure, roles and responsibilities, and individual member
qualifications. You can also find more information in the Company's 2023 Proxy Statement.
Halliburton 2022 Annual & Sustainability ReportGovernance
15
When considering the composition of the Halliburton
Board and its committees, the Board seeks representative
diversity� In doing so, it considers our key stakeholders,
such as our customers and suppliers, and our workforce�
We believe Halliburton's workforce, which represents more
than 70 countries and 130 nationalities, is one of the most
diverse in the world�
In February 2023, Halliburton announced the addition of
Janet Weiss and Maurice Smith to the Board of Directors�
Ms� Weiss contributes substantial global, multinational
experience in the oil and gas industry� As a CEO, Mr� Smith
brings deep expertise in setting and executing long-
term corporate strategy, identifying and implementing
important growth initiatives, and overseeing financial
operations and activities� After the addition of new Board
members, more than half of our 13 Directors are diverse�
G1
Corporate
Governance
The governance structure for the Company's business
is defined by the Corporate Governance Guidelines
adopted by Halliburton's Board of Directors. The Board
annually reviews these guidelines and, when appropriate,
revises them to ensure they guide our actions and business
decisions for the benefit of our shareholders�
Board Experience and Diversity
The Halliburton Board of Directors has experience in
multiple industries, including energy, finance, science,
technology, legal, human resources, and health, safety,
and environment (HSE)� The present Board includes
current and former chief executive officers of public and
private companies, and a university president� Members
have a diverse range of backgrounds in publicly held and
private businesses, start-up entrepreneurship, academia,
science, government, and governance� The Board oversees
Halliburton's long-term strategy�
Halliburton 2022 Annual & Sustainability ReportGovernance
Board of Directors
(1-Audit Committee, 2-Compensation Committee, 3-Health, Safety and Environment Committee, 4-Nominating and Corporate Governance Committee)
16
Abdulaziz F. Al
Khayyal (3, 4)
Former Director and Senior
Vice President of Industrial
Relations, Saudi Aramco
William E.
Albrecht (2, 3)
President, Moncrief
Energy, LLC
M. Katherine
Banks (1, 3)
President, Texas
A&M University
Alan M.
Bennett (1, 4)
Former President and
Chief Executive Officer,
H&R Block, Inc.
Milton
Carroll (2, 4)
Former Executive
Chairman of the Board,
CenterPoint Energy, Inc.
Earl M.
Cummings (1, 2)
Managing Partner,
MCM Houston
Properties, LLC
Murry S.
Gerber (1, 2)
Former Executive
Chairman of the Board,
EQT Corporation
Robert A.
Malone (2, 4)
Executive Chairman,
President, and Chief
Executive Officer, First
Sonora Bancshares, Inc.,
and the First National
Bank of Sonora
Jeffrey A.
Miller
Chairman of the Board,
President, and Chief
Executive Officer,
Halliburton Company
Bhavesh V.
Patel (1, 3)
Chief Executive Officer,
W.R. Grace
Maurice S.
Smith*
President and Chief
Executive Officer,
Health Care Service
Corporation
Janet L.
Weiss*
Former President,
BP Alaska
Tobi M.
Edwards Young (1, 4)
Senior Vice President,
Legal, Regulatory, and
Corporate Affairs,
Cognizant Technology
*Ms� Weiss and Mr� Smith both joined the Board in February 2023 and will be appointed to Committees of the Board in May 2023�
Environmental, Social, and
Governance Oversight
The Halliburton Board of Directors Nominating and
Corporate Governance Committee conducts general
oversight of ESG matters at Halliburton� However, each
Board committee is responsible for different aspects of
ESG (as outlined in each committee’s charter). In 2022, the
Board increased its ESG oversight by dedicating more time
to these matters in committee and full Board meetings,
and in engagements with Halliburton’s shareholders.
By regularly engaging with shareholders and other outside
experts, the Board can more effectively prioritize relevant
sustainability matters in the Company’s overall corporate
strategy� Shareholders have endorsed this oversight
structure and other governance enhancements�
The following chart details the primary oversight
responsibilities held by each of the Halliburton
Board's committees:
Halliburton 2022 Annual & Sustainability ReportGovernance
17
Board of Directors
Nominating and Corporate
Governance Committee
Audit Committee
Health, Safety, and
Environment Committee
Compensation Committee
• Overall environmental,
social, and governance
oversight
• Principal independent
public accountants
oversight and evaluation
• Health, safety, and
environmental, and
sustainable development
• Overall executive
compensation program
oversight
• Corporate Governance
•
Guidelines
Internal Assurance
Services and the Ethics
and Compliance group
• Review HSE
risk-management
processes
• Monitor the effectiveness
of our compensation
program to attract, retain,
and motivate Section
16 officers
•
Incorporate ESG into pay
and incentive plans
• Director self-evaluation
process and performance
reviews
• Propose candidates for
the Board
• Monitor the Board's mix
of skills, characteristics,
experience, and expertise
• Director compensation
• Management succession
planning
• Political and lobbying
spending
• Monitor HSE performance
• Oversight of the
Company's environmental
impact, including
climate matters
• Review our financial
statements and our
accounting systems and
controls
• Enterprise risk, including
information security and
cybersecurity*
• Control structure for
externally reported
non-financial metrics
*The Board of Directors receives quarterly cybersecurity updates.
Board Evaluation Process
The Nominating and Corporate Governance Committee
reviews and approves the process to evaluate the
performance of the Board, its four standing Committees
(Audit; Compensation; Health, Safety, and Environment;
and Nominating and Corporate Governance), and each
individual Director� This process encourages candid
responses from our Directors and promotes
productive discussions�
Each Director completes written questionnaires designed
to gather suggestions to improve Board, Committee,
and Director performance and effectiveness, and to
identify opportunities for change� The questionnaires
solicit feedback on a range of issues, including Board
operations; succession planning; committee composition,
processes, and responsibilities; information sharing with
and from management; overall Board dynamics; Director
preparation, participation, and contribution; alignment of
skills and characteristics to business needs and strategy;
leadership; and agenda topics� In addition, a qualifications
and experience survey identifies the individual skills and
expertise of each non-management Director�
The Chair of the Nominating and Corporate Governance
Committee analyzes completed questionnaires and
provides a summary to the Board� The Board considers
the qualifications and experience of the Directors based
on their survey responses and feedback, and focuses
on optimizing the range and depth of perspectives and
experiences necessary to oversee the relevant Company
opportunities, strategies, and risks�
This year, the Board had a lengthy discussion of the Board’s
processes and the evaluation results� Among the topics
discussed were governance, oversight, and committee
work� The Directors concluded that the Board and its
Committees are functioning well� Further, analyzing the
completed qualifications and experience matrix gives
Halliburton 2022 Annual & Sustainability ReportGovernance
the Board information that helps them understand the
This process has increased the diversity of Halliburton's
skills and expertise that are desirable for future Director
Board over the last several years, with the addition of three
candidates to possess� Finally, the Chair of the Nominating
female Directors, one of whom is ethnically diverse, and
and Corporate Governance Committee or the Lead
three ethnically diverse male Directors�
Independent Director engage in discussions, as warranted,
with individual Board members about their performance�
The Nominating and Corporate Governance Committee
18
Board Refreshment
The Board of Directors is responsible for filling Board
vacancies when they occur, and for making sure
regular Board refreshment occurs. The Company’s
Corporate Governance Guidelines stipulate that each
non-management Director shall retire from the Board
immediately prior to the annual shareholder meeting that
follows their 75th birthday�
The Board has delegated to the Nominating and Corporate
Governance Committee the duty to select and recommend
new candidates for approval� When called upon to fill a
vacancy, this Committee considers all recommended
candidates and may retain an independent executive
search firm to assist with candidate selection and review�
conducts an annual review of the overall composition
of the Board to determine whether the current non-
management Directors collectively represent an
appropriate mix of experience, diversity, and expertise�
Determination of expertise includes consideration of
the following (among other factors): experience in a
leadership role in a public or private company, including
C-suite experience; experience with oil and gas, energy,
manufacturing, engineering, or technology; experience
in matters relating to health, safety, and environment; or
other sustainability experience�
The Board Refreshment Process
Step 1
Step 2
Step 3
Step 4
Step 5
Committee members,
other Board members,
and management
interview a shortlist of
candidates�
The Nominating and
Corporate Governance
Committee considers
the candidates
recommended for
Board membership
by Board members,
management, and
shareholders�
Candidates'
qualifications are
reviewed using the
Board's membership
criteria, which includes
review of a candidate's
experience, expertise,
diversity, and other
factors to discern
whether the candidate
will contribute desired
skills and expertise�
The Nominating and
Corporate Governance
Committee makes a
recommendation of
Director nominees
who are best qualified
to serve the interests
of Halliburton's
shareholders, and
who possess skills
and expertise that
strengthen our Board�
The Board considers
whether additional
members to the Board
would enhance the
Board's oversight,
experience, diversity,
geographic reach, and
other attributes�
The Board and
management engage
in an effort to
search for qualified
candidates including
through searches
and referrals, and by
studying possible
areas for additional
added expertise�
Halliburton 2022 Annual & Sustainability ReportGovernance
Energy Demand and Climate
Initiatives
In 2022, the Company and our customers worked on
furthering the transition to a lower-carbon future� While
worldwide demand for oil and gas remains strong, the
energy mix transition is an issue of global importance� With
guidance from the Board of Directors, the Company made
progress on our goal to reduce Scope 1 and 2 emissions by
40% by 2035 from our baseline year of 2018� Halliburton
executed on opportunities to reduce emissions and is
on track to meet reduction targets� To learn more about
Halliburton's sustainable technologies and the clean
energy innovations underway at Halliburton Labs, please
visit Chapter E2 on Sustainable and Secure Energy Future
in this report�
19
Halliburton's steadfast commitment to shareholder
input and feedback resulted in numerous, substantive
changes to the structure and governance of our executive
compensation in the last three years� Most recently,
the Company amended our 2022 annual incentive plan
to include non-financial strategic metrics focused on
greenhouse gas (GHG) emissions and DE&I — two of our
main focus areas� These metrics comprise 20% of the
total award, and achievement of specific financial goals
comprises 80% of the total award�
Beginning with the 2023 Performance Unit Program (PUP)
cycle — our long-term incentive plan — the Company
implemented a payout cap for negative Return on Capital
Employed (ROCE) performance and increased target
performance for relative ROCE� This will further strengthen
the alignment of pay opportunities, business performance,
Executive Compensation
and pay outcomes�
Halliburton's executive compensation programs focus
on incentivizing performance, maximizing returns, and
building shareholder value� They are integrated with the
Company's overall business strategy and management
processes, and most are performance-based, at-risk, and
long-term� Our long-term incentive plan includes relative
performance measures, while our annual incentive plan
combines financial and strategic metrics�
Halliburton 2022 Annual & Sustainability ReportGovernance
G2
Enterprise Risk
Management
Halliburton's Enterprise Risk Management (ERM) program
is designed to identify, mitigate, and manage enterprise-
level risks to our organization as well as other strategic
risks to the Company� Our Board of Directors oversees
the assessment process, which relies on a consistent,
systematic, and integrated approach� It includes a review
of items that may impact Company strategy, business
continuity, and crisis management�
Enhancements to Risk Controls
In 2022, the Company retained a global leader in ERM
programs to refresh our annual risk-assessment process�
This valuable partnership resulted in a more dynamic,
streamlined, and collaborative approach to assessing
strategic risk�
In workshop settings, 70 Company executives openly
discussed, evaluated, and scored strategic risks based
on their potential impact, likelihood of occurrence,
and risk-mitigation preparedness� Results provided
valuable feedback for focusing risk-mitigation attention,
opportunities for process optimization, and higher risk
areas that will continue to receive attention and ongoing
auditing efforts�
Results are reported to relevant internal stakeholders and
the Board of Directors' Audit Committee� They are equally
incorporated into strategic planning for the coming years�
20
Our Risk
Management Sustainability
Commitments
•
Streamline risk categories, risk identification, and
risk management to ensure best alignment with
Halliburton strategy and place a critical focus on
what 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.
Global IT Infrastructure
The Company has invested substantial resources in
Information Technology (IT) infrastructure to migrate
Halliburton's computing, storage, and business
applications from on-premise data centers to the
cloud� This allows us to further advance and expand our
digitization strategy, and to provide agility, scalability, and
flexibility to our business and customers� It also enables the
Company to optimize IT infrastructure cost and eliminate
capital expenditures�
Halliburton's data centers reduction and consolidation
project aims to reduce the number of data centers from
12 to 5, and to reduce their overall combined footprint by
around 75% — from 15,380 sq� ft� to 3,880 sq� ft� In 2022,
we completed 68% of our targeted reductions and the
remainder will be completed during 2023�
In 2022, we migrated a significant number of
applications and computing and business data from the
Company's data centers to cloud-based digital platforms�
This allowed Halliburton to meet our digital strategy and
on-premise infrastructure reduction goals, leading to
reduced power and energy use as well as an associated
environmental impact�
Halliburton 2022 Annual & Sustainability ReportGovernance
21
Cybersecurity
Global attacks on corporate IT and operational technology
(OT) are increasingly frequent and sophisticated�
Halliburton takes every threat to cybersecurity seriously� We
invest significant resources to protect Company systems
and data, and do so in alignment with industry standards,
including the International Organization for Standardization
(ISO) 27001, the National Institute of Standards and
Technology (NIST) 800-53, NIST 800-82, and International
Electrochemical Commission (IEC) 62443� The Company's
Board of Directors was an early adopter among companies
to call for an every-meeting update on cybersecurity� They
receive quarterly cybersecurity updates, and our Audit
The Company used OT-specific training and standards
and security assessments to increase employee and
contractor knowledge about cybersecurity best practices
and good cyber hygiene� This also helped elevate employee
awareness of the importance of keeping these systems
secure� In 2022, the Company enforced additional OT
security-specific standards and policies, further enhancing
our OT security posture� We also performed OT security
self-assessments of all product lines to promote proper
governance over cyber controls and to evaluate evolving
cyber risks, and we improved product line network
segmentation and endpoint security management�
Additionally, we regularly evaluate advanced cybersecurity
technologies that can help expand the Company's OT
Committee receives an in-depth annual review�
security portfolio�
The Company's Defense-in-Depth design philosophies for
IT and OT systems include the following techniques:
• Multi-factor authentication, which verifies users’
identities beyond their credentials
The Company implemented an Identity and Access
Management upgrade in 2022 to strengthen our security
posture and improve user experience and productivity�
Our Identity and Access Management system is a next-
“Zero trust,” which establishes layers of protection for
generation solution that provides flexible, reliable access
•
•
users and devices
“Least privilege,” which limits the content that
individual users can access
We perform periodic compliance activities for relevant
product lines� In 2022, the Halliburton Landmark iEnergy®
platform (an innovative hybrid cloud that deploys,
integrates, and manages cloud applications in the
exploration and production industry) completed a System
and Organization Controls (SOC) 2 Type 2 assessment and
audit� It evaluates and certifies that cybersecurity controls
are in place and working as they are designed to work�
The infrastructure component of iEnergy®, in addition
to a suite of Halliburton Landmark applications, received
recertifications and/or new certifications of their SOC 2
Type 2 compliance�
control for on-premise and cloud services� It provides a
modern user interface to request, approve, and re-certify
access to IT resources, including systems, applications,
and network resources� It also helps reduce operational
overhead with its enhanced self-service and delegated
administration capabilities�
In 2022, we enhanced our annual cybersecurity training
with updates addressing the latest cybersecurity topics
and threats� Halliburton is reducing cyber risk by requiring
this annual training of all employees and contractors�
Halliburton 2022 Annual & Sustainability ReportGovernance
Physical Security
Halliburton protects the physical safety of employees�
The Company has safety procedures and infrastructure in
place to minimize the risks posed to employees' physical
security by their work responsibilities�
Workplace Violence Prevention
Employee safety is paramount at Halliburton, and secure
and safe workplace maintenance is one of our key priorities�
The Company's commitment to our Code of Business
Conduct (COBC) and established security controls is
fundamental to workplace safety�
22
One difficulty involved in operating a global business
is that employees and contractors who travel may be
subject to dynamic security-oriented risks and threats,
including interstate war, armed conflict, criminal behavior,
activism, civil unrest, and terrorism� Prior to business travel,
Halliburton personnel are required to review applicable
security and health information, observe Company-
mandated controls for their destination country, and
have travel to certain high-risk destinations approved� We
monitor worldwide security conditions and associated
risks with Halliburton's network of security specialists and
24-hour Global Security Operation Center (GSOC) based in
Houston� This enables us to warn our travel population of
threats, incidents, or local developments that may
We regularly communicate with employees and managers
affect them�
on how to recognize, report, and manage threats of
violence� In 2021, the Corporate Security team developed
Autonomous Security Technology
and delivered targeted training modules for key staff
members to enhance the Company's ability to respond
to threats of violence� The Company delivered this
training again in 2022� Early identification and pragmatic
management of these incidents are crucial factors to
reduce and mitigate the risk of violence in the workplace�
Global Travel Risks
Halliburton maintains a constant focus on the security
of Company personnel and assets, especially in light of
changes happening in the countries and environments
where we work�
In 2022, Halliburton implemented a series of autonomous
robotic security technologies in North America to reduce
energy consumption and improve operational efficiency
and potency� Most notably, the Company integrated
unmanned aerial vehicles into a protective security role�
This improved our ability to deter, detect, and disrupt
threats to critical assets�
Halliburton 2022 Annual & Sustainability ReportGovernance 23
Our Ethical Operations
Sustainability Commitment
•
Conduct business with integrity, choosing the
ethical course of action when confronted with
challenging circumstances, promoting a
speak-up culture free of retaliation, and treating our
employees and stakeholders honestly and fairly�
Training Hours for COBC, Anti-Corruption, and Enhanced
Procurement Fraud in Countries Designated as High-Risk
Number of Hours
2020
2021
2022
Local Ethics Officer Presentations
Number of LEO Presentations
2020
2021
2022
39,866
39,866
1,642
1,642
56,689
56,689
58,078
58,078
2,700
2,700
2,450
2,450
G3
Ethics and
Compliance
Two of Halliburton's core values — respect and
integrity — are the foundation of everything we do�
The Company maintains this foundation through our
longstanding ethics and compliance program, which
is administered by our Global Ethics and Compliance
group, led by the Chief Ethics and Compliance Officer,
and supervised by the Audit Committee� It includes
Halliburton's Code of Business Conduct (COBC), Ethics
Helpline, and whistleblower protections� Visit Halliburton's
website to learn more and find the full text of our COBC,
which is available in multiple languages�
Ethics and Compliance Training
All Halliburton employees and contractors who have
access to Company systems are required to complete
in-person or online COBC training every two years�
Local Ethics Officers (LEOs) serve as a supplementary
resource for these trainings� They promote awareness of
ethics and compliance issues on an ongoing basis and
give presentations on ethics topics� Each Halliburton LEO
is trained to model ethical behavior, answer questions,
provide guidance, take reports of suspected misconduct,
and present quarterly Ethics Moments and biweekly Ethics
Tips to supplement the Company's two-year training on
key compliance issues�
In 2022, Halliburton LEOs helped the Company provide
relevant, timely, and targeted in-person and virtual ethics
and compliance training to employees around the globe by
conducting 2,450 presentations, among other initiatives�
We had 51 LEOs in 38 countries at the end of 2022�
Halliburton 2022 Annual & Sustainability ReportGovernance
24
G4
Anti-Bribery,
Anti-Corruption,
and Fair
Competition
Halliburton requires all employees, contractors, suppliers,
agents, consultants, officers, directors, and anyone
else acting on our behalf to follow the Company's anti-
bribery, anti-corruption, and fair competition policies
and procedures as they conduct business the REDWay
(Responsibly, Ethically, and Diligently)� Find our detailed
policies and practices on Halliburton's website� Read
about our commitment to these principles in the
Company's COBC, which is available in multiple languages.
Our Requirements
Halliburton expects our employees to act with integrity,
guided by the Company's core values, and comply with the
U�S� Foreign Corrupt Practices Act (FCPA), the UK Bribery
Act 2010, and similar applicable laws around the world� We
also expect them to compete fairly and win business in a
legal and ethical manner�
Employee Training
The Company's anti-bribery and anti-corruption employee
training emphasizes Halliburton's core commitment to
conducting business the REDWay� Halliburton requires
every employee with relevant job functions, as well as
those who work in high-risk countries, to complete this
training course� It focuses on our commitment to conduct
and win business professionally, fairly, and with integrity�
The training also covers topics like business relationship
management, due diligence, and ethical conduct with
regard to business hospitality and charitable contributions�
In 2022, Halliburton's Global Ethics and Compliance group
conducted in-person and virtual trainings to supplement
our web-based anti-corruption training courses�
Halliburton 2022 Annual & Sustainability ReportGovernance G5
Supply Chain
Governance
Halliburton is committed to integrity and ethical business
practices and works with suppliers who share that
mission� The Company screens suppliers using set
structures and measures their compliance to all rules,
terms, and conditions� We monitor the supplier policies
within our supply chain to confirm alignment with
Halliburton's practices� Visit Supplier Relations on the
Halliburton website to learn more about our Supplier
Management System, local supplier procurement policies,
conflict minerals, modern slavery and human trafficking
prevention, and supplier compliance and
training-related expectations�
IntegrityNext
In 2022, Halliburton implemented IntegrityNext,
a digital platform that collects and monitors
sustainability data from suppliers� This includes key
topics like Human Rights, Supplier Diversity, Conflict
Minerals, Supply Chain Responsibility, and Carbon
Footprint� IntegrityNext enables the Company to
map suppliers' inherent sustainability risks, such
as modern slavery, water stress, greenhouse gas
emissions, occupational incidents, and their Corruption
Perception Index score based on various pieces of
geographical data. In 2022, Halliburton added the first
wave of suppliers — which comprises over 50% of our
global spend — to IntegrityNext for ESG assessments�
25
Our Supplier Conduct and
Responsible Procurement
Sustainability Commitment
•
Cultivate a sustainable supply chain through the
continuous improvement of internal processes,
by performing proactive risk assessments, and
by working collaboratively with our diverse mix of
global and local suppliers�
Driving a Sustainable Value Chain
Halliburton recognizes the importance of performing due
diligence on the Company's supply chain and its collective
impact on sustainability topics� We ensure that continuity
of supply, cost efficiency, and quality are maintained, and
environmental and societal values are upheld�
When the Company selects and qualifies suppliers for
sustainable growth, we include suppliers' environmental,
social, and governance commitments in our evaluations�
Halliburton expects suppliers to improve with us in
sustainability matters� We encourage suppliers to assess
their sustainability performance and implement continuous
improvement� We also promote human rights awareness in
our supply chain to advance social responsibility�
Human Rights
Halliburton upholds universal human rights as defined by
the United Nations (UN) Universal Declaration of Human
Rights, and we support the UN Guiding Principles on
Business and Human Rights� We comply and align with
relevant Human Rights Due Diligence laws, such as the UK
Modern Slavery Act of 2015, Australia Modern Slavery Act of
2018, Norwegian Transparency Act, and U�S� Uyghur Forced
Labor Prevention Act� We also monitor similar upcoming
legislation� To learn more about Halliburton's compliance
with Human Rights legislation, please visit Chapter S5 on
Human Rights in this report�
Halliburton 2022 Annual & Sustainability ReportGovernance
26
Performing Due Diligence in Our
Supply Chains
Policies
Halliburton requires its contracted suppliers to commit to
protect and uphold the fundamental human rights of their
employees as defined by the UN Universal Declaration
of Human Rights� Halliburton communicates ethical
expectations to suppliers through our Supplier Ethics
Letter and Supplier Ethics Statement�
Risk Assessment
Human Rights Audit and Supplier Evaluation
In 2022, we commissioned a third-party human rights
auditor and began onsite human rights audits of suppliers
to enhance the Company's high-risk supply chain due
diligence� To determine the scope and form of the audit
conducted, we take into account the scale and type of
goods or services being provided� The audit may be a
Workplace Conditions Assessment, Labor Provider Audit, or
Service Provider Audit�
Critical Suppliers are annually evaluated on risks related
to safety, quality, environment, social responsibility,
During onboarding, Halliburton requires potential suppliers
economics, and corporate governance� The Halliburton
to undergo a risk-evaluation process that covers safety,
Supplier Performance Review and Evaluation Process
export controls and sanctions screening, and insurance
for Critical Suppliers includes a questionnaire on each
verifications� In 2022, the Company used our new internal
human rights assessment tool to pinpoint risks in our
suppliers' compliance with Halliburton's COBC, safety
standards, and requirements� The questionnaire inquires
supply chain and prioritize areas for follow up� Halliburton
about regulations and terms and conditions; policies
analyzes data points that include the Global Slavery Index
and/or procedures that prohibit forced labor and human
when determining appropriate risk levels to assign to
trafficking in their operations and in the operations of
suppliers� All suppliers are assessed based on relationship
utilized employment agencies or subcontractors; policies
(procurement spend and sourcing strategy), category
and/or procedures that prohibit waste deductions
(industry/products/services/materials), and geography.
or payments by workers in return for such things as
employment, transportation, accommodations, and food;
The Company's risk-assessment methodology also
and policies and/or procedures that enforce timely and
considers evolving international Human Rights legislation,
accurate payments of wages for all workers�
particularly import and trade restrictions� Halliburton
Non-compliance with Halliburton's standards can lead to
consults international standards, such as The Organization
appropriate response actions up to and
for Economic Co-operation and Development (OECD) Due
including termination�
Diligence Guidance for Responsible Business Conduct and
the UN Guiding Principles for Business and Human Rights�
Conflict Minerals
As a member of the Responsible Minerals Initiative and
Halliburton has expanded our supplier human rights
in compliance with the U�S� Dodd-Frank Act, Halliburton
evaluation and monitoring through IntegrityNext�
ensures our suppliers source conflict minerals in an
Human Rights and Labor evaluation has commenced
ethical manner� The Company terminates relationships
for 1,337 suppliers (comprising over 50% of our global
with suppliers who do not cooperate with Dodd-Frank
spend) identified in the Company's baseline inherent risk
compliance requirements�
assessment� IntegrityNext administers questionnaires to
suppliers about key Human Rights and Labor topics�
In 2022, Halliburton identified 1,053 suppliers as subject
to the Dodd-Frank Act and contacted them as part of the
Company's conflict minerals campaign�
Halliburton 2022 Annual & Sustainability ReportGovernance
27
Training
Halliburton uses trainings from professional training bodies
focused on supply chain and procurement� For example,
we use the Chartered Institute of Procurement and Supply
(CIPS) trainings in the UK, Australia, and Norway� CIPS
conducts training on issues such as ethics, compliance,
conflict minerals, and human rights awareness�
The Company participated in piloting the International
Petroleum Industry Environmental Conservation
Association (IPIECA) Forced Labor training in 2022�
IPIECA's Forced Labor training covers topics such as
fair recruitment, discrimination, working hours, worker
accommodation, worker grievance mechanisms, and
forced labor� It has been completed by key personnel from
Halliburton's Supply Chain, Legal, and Human
Resources departments�
In 2022, the Company rolled out an internal training on
Supply Chain Sustainability Awareness for Supply Chain
employees� It covers key ESG topics relevant to our supply
chain, including the UN Sustainable Development Goals,
UN Guiding Principles on Business and Human Rights,
modern slavery and related legislation, emissions, supply
diversity, local content, and supply chain risk mapping�
Local Content and
Supplier Diversity
Halliburton's strong, established relationships with
local suppliers provide the Company with strategic and
competitive operational advantages� They also help
expand the capacity and competency of national and
local suppliers, stimulate local economies, and promote
positive labor practices� The Company works legally and
ethically with governments and customers around the
world to meet local content targets. We have also sustained
a high rate of spend with suppliers based in regions where
Halliburton's operational activities take place�
A good example of our local supplier engagement is our
efforts to increase our vendor portfolio and
procurement spend with Aboriginal and Torres Strait
Islander-owned businesses in Australia� We do this through
our membership with Supply Nations and with quarterly
reports of Halliburton's Indigenous vendor spend� Supply
Nations is an organization that provides a database of
Indigenous suppliers to help companies allocate spend to
the underused Indigenous business sector� To learn more
about Halliburton's Aboriginal and Torres Strait Islander
Engagement in Australia, please visit Chapter S6 on Local
Communities in this report�
In addition, Halliburton works with IPIECA and our industry
counterparts to globally standardize local content
measurement and reporting for the oil and gas industry�
Halliburton 2022 Annual & Sustainability ReportGovernance G6
Public Policy
The global energy industry and its regulations are complex
and ever-evolving� Halliburton is engaged with public policy
issues that affect our Company, operations, and workforce�
Learn more about the multi-candidate, non-partisan
Halliburton Company Political Action Committee (HALPAC),
as well as the Company's policies on political activities and
engagement, on the Public Policy page of
Halliburton's website�
Full Transparency
In 2022, Halliburton published its second comprehensive
annual political activity report, Halliburton Policies for
Political Engagement� Some notable highlights from the
report are as follows:
•
•
•
•
Zero corporate contributions made directly to political
parties or candidates
Zero corporate contributions used to support ballot
measures
Prohibitions against using corporate funds to
contribute to 527 and 501(c)(4) organizations
Board oversight of the Company's strategy for political
engagement, including oversight of political
spending lobbying
28
The CPA-Zicklin Index was developed by the Wharton
School of Business Zicklin Center for Business Ethics
Research� It scores corporations on the transparency
and accountability of their political engagement policies�
Companies scored on the CPA-Zicklin Index have their
company policies and practices thoroughly reviewed in 24
areas, including political contributions, trade associations,
and political action committee (PAC) activities�
In 2022, Halliburton scored a 93 on the CPA-Zicklin Index
with a raw score of 65 points� Halliburton's score is high
enough (90 or above) that the Company is now classified as
a "Trendsetter" which, in CPA-Zicklin Index terms, indicates
robust Company disclosure and oversight�
CPA-Zicklin Index
Trendsetter Status
93
In 2022,
Halliburton
scored a 93
on the CPA-
Zicklin Index.
•
This index scores S&P 500 corporations on the
transparency and accountability demonstrated
in their political engagement policies�
Halliburton 2022 Annual & Sustainability ReportGovernance 29
ENVIRONMENTAL
Providing customers with safe, reliable, and efficient products and services is the core of
Halliburton's business. Oil and gas remain an essential source of energy worldwide, and hold a
critical place in the world's collective efforts to secure a lower-carbon future. At Halliburton,
we are actively engaged in developing new technologies that mitigate the environmental
impact of our own and our customers' operations. We proactively manage environmental
risks and we take measures to reduce energy use, water use, and waste generation. In
addition, the Company helps advance decarbonization by putting our expertise to work
in growing spaces, such as geothermal and CCS, and through Halliburton Labs, where
we collaborate with early-stage companies that seek to bring cleaner, affordable energy
technologies to the marketplace.
E1
E2
E3
Climate Change and
Low-Impact Solutions
Sustainable and
Secure Energy Future
Environmental
Management
Halliburton 2022 Annual & Sustainability ReportEnvironmental E1
Climate
Change and
Low-Impact
Solutions
At Halliburton, we work to reduce emissions, improve
efficiency, and advance clean energy development� We
recognize that affordable, secure energy is key to global
economic development, and that our industry has an
important role to play in lowering emissions� For more
information, please refer to our Climate Change Statement
on the Halliburton website�
Emissions Reduction Target
Halliburton has committed to reduce Scope 1 and 2
emissions by 40% by 2035 from our 2018 baseline� In
2022, we executed on priorities set to help the Company
progress toward our 2035 emissions reduction target�
Our absolute Scope 1 and 2 emissions trended upward
from 2020 to 2021, driven by the post-pandemic global
activity recovery of our business� In 2022, we saw the
benefits of our emissions-reduction strategy start to
play out as our total emissions decreased slightly despite
an 16% increase in wellsite operating hours across our
operations and increased job intensity in our North America
frac business� Overall, we have reduced absolute Scope 1
30
Our Climate Change
Sustainability Commitments
•
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�
Scope 1 GHG Emissions
Metric tons CO2e
2020
2021
2022
Scope 2 GHG Emissions
Metric tons CO2e
2,626,561
2,626,561
3,503,441
3,503,441
3,320,350
3,320,350
2020
2021
2022
191,451
191,451
248,949
248,949
405,114
405,114
and 2 emissions by 12% compared to our 2018 baseline of
Since the rollout of new electric frac fleets occurs gradually
4�2 million MTCO₂e� We continued to invest in electric frac
over the course of the year, we expect to see the full benefit
units that have the ability to reduce the overall emissions
of each unit deployed after 12 months of operations as
intensity of our fleet year on year�
opposed to the calendar year when the fleets come
into service�
To help meet our goals, we prioritize actions that reduce
emissions from our largest emitting activities: hydraulic
fracturing and real estate facilities�
Halliburton 2022 Annual & Sustainability ReportEnvironmental
31
Hydraulic Fracturing
Solar Power
We direct a portion of our capital expenditures to purchase
In 2022, Halliburton initiated new solar power projects, one
electric fracturing equipment to meet customer demand,
in Singapore and one in Neiva, Colombia, that collectively
lower their operating costs, and improve efficiency, which
added 1,025 kilowatt peak (kWp) of total solar power� These
also supports our emissions commitments� Electric units
projects are part of our ongoing rooftop solar initiative,
(e-frac) can be powered with electricity generated from a
which now includes six major projects in Singapore,
variety of sources, including reciprocating engines and
Malaysia, India, California, and Colombia� The Company is
grid power, which increases our opportunities to
also evaluating the possibility of implementing similar solar
reduce emissions�
Real Estate Facilities
We engage in ongoing efforts to manage our real estate
emissions footprint wherever possible� We also purchased
renewable energy, installed energy-efficient building
technologies, such as LED lighting, and installed solar
panels in accordance with power-purchasing agreements�
Facility Improvements to
Reduce Energy Use
As part of our commitment to reduce carbon emissions, we
continue to integrate sustainability in our real estate work
and decision-making processes� The Company assesses
new real estate technologies and updates facilities to
ensure we meet sustainability targets and comply with
regulations� When we conduct building maintenance, we
evaluate the technologies for major structural elements like
heating, air conditioning, and ventilation; insulation; and
windows to identify areas where technology updates might
improve energy efficiency�
initiatives in Mexico, Ecuador, and Brazil�
Energy-Efficient Lighting
In 2022, North America saw the completion of LED lighting
installations at 13 large Halliburton facilities� This reduces
lighting-related carbon emissions in those facilities by 63%
per year� In addition, we announced a plan to pursue 24
energy-efficient lighting projects in North America and one
in Norway that are expected to have similar results� We also
completed lighting evaluations at 18 additional Halliburton
sites in North America for future projects�
Singapore
Colombia
Following the success of our Singapore solar project, Halliburton's
The second photovoltaic solar plant in Latin America was installed
Singapore manufacturing facility explored an opportunity to
successfully in Neiva, Colombia� We installed 270 panels with
expand the solar farm to a newly constructed technology facility
146 kWp of total solar power� The solar array will produce around
and other existing buildings on campus� With this new solar
213,000 kWh of electricity annually, offsetting approximately 60%
extension, which was accomplished in the fourth quarter of 2022,
of the facility's current usage. We are currently completing the final
Halliburton Singapore established a 22-year supplementary solar
installation to connect it to the grid�
power purchase agreement� The Company will install and maintain
1,466 fixed-tilt, roof-mounted solar panels totaling 879 kWp. The
solar array will produce an average annual 964 megawatt hours
(MWh) of electricity�
Halliburton 2022 Annual & Sustainability ReportEnvironmental 32
Climate-Risk Scenario Analysis
Halliburton follows the guidance from the Task Force on Climate-Related Financial Disclosures (TCFD) to perform qualitative
climate-scenario analysis� As such, the impacts are categorized as Transition Risks (Policy, Reputation, Market, and Technology) and
Physical Risks (Acute and Chronic)�
Priority risks assessed include the following:
Transition Risks
Basis: International Energy Agency (IEA) Stated Policies Scenario
Physical Risks
Basis: Intergovernmental Panel on Climate Change (IPCC) Climate
(STEPS) and Sustainable Development Scenario (SDS)
Scenario SSP3-RCP7
Policy and Regulatory
• Fossil Fuel End Use Regulation
• Fossil Fuel Production Regulation
Reputation
• Employee Attraction and Retention
•
Increased Stakeholder Concern
Market
• Oil Demand
• Natural Gas Demand
Technology
• Cost to Transition to Lower Emissions Technology
Acute
• Hurricanes
• Flooding
Chronic
• Extreme Heat
• Water Stress and Drought
Across Transition Risks, we look at the short-term (0-2
result in temporary delays with no long-term sustained
years) and medium-term (2-10 years) to determine
impact� We closely monitor each acute weather event and
potential financial impact to our business and prioritize
weather trends to assess our response plans and reduce
strategy and capital decisions accordingly� This has
the possible business impact of these physical risks�
reinforced our goals of collaborating with customers to
Our diverse manufacturing base and supply chain also
help them achieve their decarbonization targets, continued
minimize the risk of local impacts�
investment in electric fracturing to reduce emissions in our
core business, and continued work with start-ups through
In addition to local emergency response planning, we
Halliburton Labs to uncover gaps in the broader
provide training and equipment to our workers in locations
energy value chains�
We consider Physical Risks in the short-term (baseline),
medium-term (2040) and long-term (2050) to identify
with possible extreme heat or cold exposure� In 2021 we
used the Aqueduct Water Risk Atlas, published by the World
Resources Institute, to assess our locations in water-
stressed geographic areas� Working with our top potentially
which of our facilities and operations may be exposed, if
water-stressed sites in 2022, we established a toolkit to
any, and determine concrete mitigation plans� Out of all
allow each facility to identify and implement location-
the sites analyzed, weather-related potential risk areas
appropriate water preservation actions�
include Texas and Louisiana sites at risk of events, such as
hurricanes and flooding� Water stress and drought-related
In addition to outlining risks, our scenario analysis
potential risk areas include multiple desert sites in the
uncovered potential business opportunities in spaces such
United States and Middle East, and possible extreme heat
as carbon capture and storage, geothermal, and methane
and rainfall projection risks at our Singapore
emissions management� Our approach to these different
manufacturing sites�
opportunities is outlined in Chapter E2 Sustainable and
Secure Energy Future of this document�
Over the years our locations have experienced weather
events such as hurricanes, tornadoes, hailstorms, flooding,
We will continue to annually monitor IEA and IPCC scenario
and winter snow/ice storms. Weather impacts typically
analyses and will adjust our risk-mitigation plans according
to material changes�
Halliburton 2022 Annual & Sustainability ReportEnvironmental
E2
Sustainable
and Secure
Energy Future
Halliburton seeks to provide affordable, reliable, and
sustainable products and services to our customers�
Decarbonizing Our Customers'
Core Oil and Gas Operations
Worldwide oil and gas remains an essential source of
reliable and affordable energy and lower-carbon intensity
oil and gas production is a critical part of facilitating a
low-carbon future� At Halliburton, we are innovating and
deploying solutions designed to help our customers lower
the carbon intensity of their operations�
Exploration
A range of Halliburton solutions help customers reduce
the carbon intensity of their operations� Halliburton
Landmark provides digital solutions to develop end-to-end
subsurface, drilling characterization, and production, which
leads to a better understanding of what drives upstream
emissions� Operational tools from a range of Halliburton
product lines, such as Cerebro® in-bit sensor package and
iCruise® intelligent rotary steerable system, can improve
the efficiency of hydrocarbon extraction for our customers�
Cerebro® improves rock cutting and removal efficiency,
while iCruise® helps our customers steer and place wells
more precisely�
33
Our Innovation
Sustainability Commitments
•
Lead the industry in innovation and conscientious
stewardship of global resources�
•
Provide solutions that support decarbonizing our
customers’ production base.
Well Construction
Cementing: EnviraCem™ and NeoCem™ E+ Reduced
Portland, High-Performance Cement Systems
Halliburton has developed and commercialized
the EnviraCem™ and NeoCem™ E+ cement systems to
provide barriers with reduced Portland cement content
to our customers� With EnviraCem™ providing greater
than a 70% reduction in mass Portland cement by volume
of the blend, and NeoCem™ E+ providing a 50% – 70%
reduction in mass Portland cement by volume of the
blend, Halliburton helps our customers lower their carbon
emissions while providing thoughtfully engineered systems
with enhanced sheath performance� The innovative
designs of EnviraCem™ and NeoCem™ E+ incorporate
more locally sourced, natural, and recycled materials� The
reduced dependence on Portland cement to provide a
dependable barrier enables flexibility with industry supply
chain challenges and delivers a more sustainable
barrier solution�
Baroid: BaraShale®
BaraShale® Max water-based fluid (WBF) has the potential
to replace invert emulsion fluids (IEF)� This engineered
WBF can be formulated using brines produced at the
well instead of fresh water, which allows for a versatile
IEF replacement� BaraShale® Max WBF reduces the need
for containment, transport, and disposal of IEF and its
associated drilling waste� The flexibility of using water
as the base fluid and replacing IEF provides operators
potential avenues to reduce their field emissions and
related environmental impact�
Halliburton 2022 Annual & Sustainability ReportEnvironmental Cementing: Barrier Integrity / Obex™ Well Barriers
Cementing has focused on barrier integrity and emissions
reduction related to cement systems� One example is the
Obex™ casing annulus packers family� The Obex™ IsoLock™
packer collar is a new compression-set packer that
prevents sustained casing pressure that could potentially
lead to fugitive emissions�
Completion
Halliburton is transforming our use of digital and
electrification capabilities to drive actionable insights for
reservoir and emissions management�
Completion Tools: Clariti® Digital
Reservoir Management
Clariti® digital reservoir management makes it possible to
share data seamlessly and deliver real-time solutions from
ideation to reservoir management� The customer-facing
platform consists of five applications: Clariti® View, which
provides remote well-data visualization with alarming;
Clariti® Flow, which delivers zonal flow allocation with
fluid refractions; and Clariti® React, Clariti® Manage, and
Clariti® Predict, which provide full asset and production
optimization by leveraging Halliburton's petro-technical
capabilities with the functionality provided by SmartWell®
completion systems�
Production Enhancement: Zeus™ Electric Pumping
Unit and Tier 4 Dual-Fuel
Halliburton has invested in electric fracturing and Tier
4 dual-fuel engines to improve our carbon footprint
34
Production
Artificial Lift: Hydro-Helical® Gas Separator
Artificial Lift's Liberator, a Hydro-Helical® gas separator,
sets a new industry standard for flow rate, performance,
and reliability� As the first new downhole dynamic gas
separator design in decades, the Hydro-Helical® gas
separator achieves extreme separation efficiency at
high-flow rates — up to 40% greater than conventional
separators� This translates into more oil production
in higher gas applications� The improved efficiency
and performance of Hydro-Helical® reduces energy
consumption and delivers solutions to help advance our
customers' decarbonization goals�
Testing and Subsea: FloConnect® Surface
Automation Platform
The FloConnect® surface automation platform is the
industry's first fully automated and scalable solution for
surface well testing operations� This innovative technology
includes solutions for the continuous acquisition, storage,
evaluation, monitoring, control, and reporting of emissions
data� By supporting both environmentally conscious
and real-time operational decision-making, FloConnect®
reduces operational variabilities and optimizes workforce
deployment by lowering exposure to hazardous and
complex operations by taking personnel out of the
red zone�
Midstream/Downstream
Pipeline and Process Services: SureDcon™
and help to reduce customer emissions� Because of
SureDcon™ chemistry provides decontamination cleaning
these investments, our equipment demographics have
using the vapor phase method, recirculation, sparging, or
changed, which has lowered our overall carbon intensity
spraying� The efficiency of these chemicals significantly
per horsepower hour of operation� These investments
reduces system shutdown time and the resources required
allow Halliburton and our customers to use available
for decontamination� The small equipment footprint, low-
fuels, including wellhead gas and power equipment, as
water utilization, and significantly lower waste generated
well as give the option to connect to the electric grid�
by SureDcon™ make it the ideal decontamination solution
These operational model changes have had many positive
to help our customers decarbonize their operations�
impacts, including reducing CO₂ per BOE produced.
Production Solutions: InnerVue™
InnerVue™ is a non-intrusive diagnostic tool that can be
used to identify blockages, profile deposits, and leaks
in pipelines� It gives operators the ability to address
production difficulties and maximize flow performance
without mobilizing heavy resources� It also allows for a
rapid fugitive emissions response in case of leaks�
Halliburton 2022 Annual & Sustainability ReportEnvironmental Advancing New Energy Frontiers
Sustainable energy will ultimately be an
"all-of-the-above" proposition that includes oil, gas,
renewable sources, and more� The most immediate
opportunities to advance new energy frontiers exist in our
fairway� We deploy our technologies in some of the fastest-
growing new energy segments, such as carbon capture
and storage, geothermal, and emissions management�
The Company delivers relevant packaged solutions and
technologies to advance these new energy frontiers, both
individually (through our product lines) and in integrated
solutions (via Halliburton Landmark, Consulting, and
Project Management offerings)�
35
Carbon Capture and Storage
Carbon capture and storage is a critical technology to
reduce carbon emissions in many industries� Thirty CCS
facilities globally currently store more than 42 million
metric tons of CO₂ every year. In 2022, many governments
strengthened policies and provided incentives that
improved CCS business cases, resulting in a growing
pipeline of new projects� Halliburton provides reservoir
characterization to develop underground CO₂ storage,
monitoring technology to assure storage integrity, and
advanced well construction for injection wells�
Halliburton's product lines are answering the needs
posed by CCS initiatives with innovative technologies
and solutions� Our Wireline and Perforating product line
addresses various challenges related to CO₂ injection
with technology and workflows designed to monitor the
migration of the CO₂ plume over time and to
de-risk reservoir properties, ensuring CO₂ is effectively
contained in storage sites�
CCS Study Opportunity in
Greece for Energean
In 2022, Energean, an independent company focused on energy
resource development in the North Sea and Mediterranean,
awarded Halliburton a contract to conduct a comprehensive
subsurface review of the Prinos Basin in Greece� For this study,
Halliburton CCS experts are collaborating with Energean to assess
the carbon storage potential of the Prinos Basin�
The study began in March 2022 and includes long-term plume
modeling, storage complex characterization, and creation of
a conceptual development plan with performance modeling�
To deploy a fully integrated CO₂ storage workflow, Halliburton
is leveraging DecisionSpace 365® cloud applications, including
Permedia® CO₂ software, which is a 2021 World Petroleum
Congress excellence award winner�
Halliburton 2022 Annual & Sustainability ReportEnvironmental
36
eCompletions™ Clariti® View
eCompletions™ Clariti® View is a service that
simplifies customer access to downhole pressure and
temperature data from Halliburton gauges� The service
provides automatic downhole gauge data collection as
well as storage and access to an easy-to-use website
where customers can see and download their data�
The service is for carbon-capture well operators who
are interested in monitoring their injection wells and
for whom real-time data is important for regulatory
reporting for their injection and monitoring wells�
eCompletions™ Clariti® notifies users when observed
pressures or temperatures exceed user-defined limits.
These technologies include the StrataXaminer™ borehole
imaging service, which visualizes the geologic environment
and pinpoints weaknesses in the rock that could lead
to CO₂ leaks; the Reservoir Sampling and Description
RDT™ tool, which evaluates cap rock opening and closure
pressure to guide and limit CO₂ injection rates; Ingrain's
PoreHD® and FastSCAL® Services, which quantifies rock
properties of CO₂ reservoirs and the seal and trapping
mechanisms that characterize each storage site under
question; and the Xaminer® Magnetic Resonance (XMR™)
service, which is calibrated by PoreHD® and improves
the economics of operators' field scale monitoring� Our
Cementing product line provides bore hole barriers that are
inert in the presence of CO₂ and ensure it can be
safely sequestered�
In 2022, Halliburton Landmark launched a single unified
cloud solution for CO₂ storage modeling that provides an
evergreen view of the carbon storage lifecycle to support
a multi-year journey to a lower-carbon future� The solution
uses a suite of industry-validated tools and workflows
customized for effective CO₂ modeling to provide more
insight and less uncertainty� This enables our customers to
evaluate site suitability for CO₂ storage.
Norway CCS Project
Supporting National CCS
Planning in One of Africa’s
Largest Economies
Halliburton delivered integrated drilling and well services on two
Our expertise is contributing to the development of national
CCS storage wells that are part of the first phase of a project
capacity for CCS within one of Africa’s largest economies. Funded
in Norway� This project phase concerns the storage part of the
by an International Development Bank, we are contributing to
Longship CCS project, which includes carbon capture facilities,
national technical resources and capacity building to advance the
transportation, and storage (full value chain) initiated by the
burgeoning CCS market in the country through national emissions
Norwegian government�
mapping, geological screening, and pilot-site assessment�
Halliburton 2022 Annual & Sustainability ReportEnvironmental
Geothermal
Conventional and unconventional geothermal exploration
is increasing in the U�S�, and Halliburton supports these
explorations with our Pinnacle distributed temperature
survey (DTS), DataSphere® ERD™ gauges, and CAST-I™
products� In addition, geothermal energy has played a role
in Halliburton's California and other southwestern U�S�
business for decades� This is particularly true of our work
in The Geysers in Northern California (the country's largest
geothermal field), the lithium-rich Imperial Valley on the
border of California and Mexico, and the unconventional
geothermal exploration occurring in Central Nevada�
Maintaining effective zonal isolation in the Imperial Valley
has often been difficult, with bottom-hole temperatures
in excess of 600 degrees Fahrenheit and the presence of
highly corrosive CO₂. However, Halliburton successfully
overcame this challenge more than 20 years ago in
collaboration with our customers by creating ThermaLock™
cement systems� The slurries, which we optimize with new
technology whenever possible, remain in demand among
customers who are expanding the power output of the
Imperial Valley�
Hydra-Jet™ TS Tools
Hydra-Jet™ TS tools provide an option to abrasively
perforate multiple stages in a well on a single run
without necessitating explosives� They also enable
additional services to be added to the intervention,
such as pre- and post-well cleanouts, or acidizing,
without additional runs� Consolidating runs and
improving efficiency correlates to a reduction in fuel
consumption, helping our customers meet their GHG
emissions reduction goals�
In 2022, Halliburton was awarded work that includes
26 Hydra-Jet™ jobs on the Kvitebjørn geothermal
storage project in Tromsø� With the Kvitebjørn heat-
storage project, excess heat from a waste incineration
plant will be stored underground in the summer and
extracted in the winter� It will begin in March 2023�
Hydra-Jet™ will be used to increase heat exchange
capacity in geothermal wells by creating fractures in
the base rock between a set of geothermal wells drilled
in a pattern�
37
CeraPhi Energy Enters
an Exclusive Drilling and
Intervention Services
Agreement with Halliburton
As we provide drilling and intervention services
to CeraPhi Energy, we will harness our global
well engineering expertise and seven decades of
geothermal experience in support of CeraPhi's plan
to develop a global geothermal energy development
company. The first project in this engagement
commenced in the UK in 2022� We are helping CeraPhi
repurpose end-of-life oil and gas wells in the UK and
are supporting the well engineering and development
potential of their patented CeraPhiWell™ technology�
CeraPhiWell™ is a closed loop downhole heat
exchanger� It draws up subsurface heat, which can
then be applied for scalable baseload energy in
multiple ways� This technology is at the center of
CeraPhi's strategy to contribute to carbon reduction in
line with the Paris 2050 Climate Accord� By using end-
of-life and non-producing oil and gas wells, CeraPhi
seeks to de-risk and prove the commercial potential of
geothermal energy production�
In Nevada, increased demand for renewable energy has
sparked a resurgence in legacy geothermal field expansion�
Historically, Halliburton has provided completion tools,
logging, horizontal pumping systems, and cementing, and
continues to do so today�
Geothermal Site
Halliburton 2022 Annual & Sustainability ReportEnvironmental
Neftex® Prospect
Electrification plays a key role in the energy transition.
Global demand exists to modernize electricity grids
and provide battery storage and charging capabilities,
which requires the discovery and extraction of
significant quantities of critical minerals, such as
lithium, copper, and nickel� In 2022, the Neftex®
portfolio expanded to include an offering that serves
E&P operators and mineral and mining companies
as they probe deeper into the subsurface or explore
new geographies in search of mineral deposits� The
subsurface framework that underpins the Neftex®
portfolio workflows and knowledge bases can be
utilized to provide our customers with geological
context to help inform their investment decisions as
they seek to electrify�
38
Halliburton Labs: Advancing
Cleaner, Affordable Energy
Through Halliburton Labs, we come alongside
organizations in a range of energy sectors — including
industrial decarbonization, utilization / efficiency,
distribution, storage, generation, and circular economy
— to provide support by delivering the expertise and
infrastructure for their strategic goals� Participating
start-ups gain access to Halliburton's powerful resources,
including our global network, capacity to scale, and world-
class technical expertise� We learn more about emerging
energy markets, and discover new opportunities for
exploration, investment, and growth�
In Halliburton Labs, we invest our expertise, resources, and
team, but not significant capital, in pioneering, and expect
to uncover gaps in the energy value chain and unlock
opportunities for our own business�
The Halliburton Labs accelerator program opens the
door for participant companies to engage directly with
Halliburton� In exchange, we acquire insights and develop
institutional learning about emerging technologies and
nascent value chains, synthesizing our own perspective on
a host of new industries, companies, and technologies�
Halliburton 2022 Annual & Sustainability ReportEnvironmental
39
Halliburton Labs participants enter into a financial
Novamera's engagement with Halliburton Labs has led to
agreement that secures an equity stake for Halliburton
pilot testing plans with one of the world's top
at their next round of institutional financing� The key
mining companies�
value we provide is access to scaling resources, including
practitioner expertise, industrial and lab facilities, and
Ionada, a Halliburton Labs alumni, is a cleantech company
industry connections that do not require incremental
that develops, manufactures, and markets carbon capture
cash outlay from Halliburton� Compared to many other
systems to reduce greenhouse gas emissions� In 2022,
accelerators, Halliburton Labs is a leader in the amount
Ionada commissioned its first carbon-capture system at
of industrial capability and connections we can make
Halliburton's headquarters in Houston, TX with the support
available for companies�
of Halliburton Labs� The pilot demonstrates Ionada's
revolutionary membrane carbon-capture technology over
In 2022 we executed three Finalists' Pitch Day events
competitive solutions�
in which we showcased almost 30 early-stage hard-
tech companies that are innovating across the energy
Momentum, one of the first Halliburton Labs participants,
landscape� We closed out the year with 21 participants
has a modular Li-ion battery recycling solution that
and alumni that represent all facets of energy production,
expects to transform end-of-life devices and battery
storage, distribution, and efficiency as well as the critical
waste into the high-quality critical materials needed for
industrial decarbonization sector and waste-to-value� We
new battery production� Momentum has worked with
continue to see tremendous interest in Halliburton Labs
Halliburton manufacturing for the design and construction
from investors, start-ups, and academic institutions�
of their modular units�
One of our 2022 Halliburton Labs participants is Novamera,
These examples demonstrate how Halliburton Labs creates
a company enabling the efficient and sustainable mining
value for early-stage companies in emerging energy
of previously uneconomic or marginal narrow vein mineral
sectors� Halliburton Labs also helps us think broadly and
deposits� The company's core technology is a downhole
then dig deeply into emerging markets� We develop insights
sensor that acts as a guidance system and enables
and institutional learning that will enable us to collaborate
conventional, commercially available drilling equipment
and engineer solutions to maximize value throughout the
to precisely extract ore and leave waste in the ground�
energy systems of the future�
Halliburton Labs participants cover a broad spectrum of
emerging energy market segments.
IONADA
CHEMERGY
MOMENTUM
TECHNOLOGIES
RED SHIFT
ENERGY
ENEXOR
BIOENERGY
SUNGREENH2
MATRIX
SENSORS
SURGEPOWER
MATERIALS
EVA
NANOTECH
SOLVCOR
TECHNOLOGIES
STRAYOS
NOVAMERA
Industrial
Decarbonization
Circular
Economy
Generation
Utilization/
Efficiency
Distribution
Storage
PARASANTI
RENEW
POWER SYSTEMS
OCOChem
HELIX
POWER
RENKUBE
WAVEROLLER
BY AW-ENERGY
ICARUS RT
ALUMINA
ENERGY
Halliburton 2022 Annual & Sustainability ReportEnvironmental
40
Sustainability in the Research
and Development Process
The Halliburton LIFECYCLE process governs all new
product-related research and development at the
Company� It incorporates technology, manufacturing,
product management, operations, and marketing
Halliburton's LIFECYCLE governance board also provides
a thorough review of environmental impacts, business
case, risks, time to market, and product development
costs� These reviews coincide with sustainability reviews
at project kickoff, detailed design, and commercialization�
Inserting reviews into the product R&D process maximizes
the influence of sustainability considerations on
functions� Halliburton uses LIFECYCLE to review project
product development�
progress at stage gates, mitigate risks, and improve
product and service solutions�
Sustainability is embedded in LIFECYCLE� We take the
following into consideration at product inception, detailed
design, and commercialization stage gates:
1� People and environmental safety
2� Human capital requirements
3� Manufacturing, storage, and transportation costs
4� Emissions during manufacturing and use
5� Operational footprint
6� Overall product lifecycle
7� Cybersecurity
Halliburton 2022 Annual & Sustainability ReportEnvironmental 2022 Technology Sustainability Matrix
Halliburton creates new and continuously improves existing technologies to help our customers decrease their environmental
footprint or address new challenges� The Technology Sustainability Matrix is a living document that allows us to capture the
benefits of both new technologies and new use cases of existing technologies� Halliburton continues to update existing
technologies to be cleaner or offer other benefits / applications. Select recent additions to the Matrix can be seen here. More
information can be found at www�halliburton�com�
41
Products / Services
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ARTIFICIAL LIFT
Hydro-Helical® (H2X) Gas Separator
BARIOD
BaraShale® Max
CEMENTING
Cognitus™
EnviraCem™
NeoCem™ E+
COMPLETION TOOLS
eCompletions™ Clariti® Flow & Manage
Fuzion®-EH
DRILL BITS & SERVICES
Hedron™ Fixed Cutter PDC Bits
LANDMARK
Neftex® Predictions
CO2 Storage
MULTI-CHEM
FightR®
PIPELINE & PROCESS SERVICES
InnerVue™
SureDcon™
PRODUCTION ENHANCEMENT
Octiv™
PRODUCTION SOLUTIONS
Hydra-Jet™ TS™
SPERRY DRILLING
iCruise X™ Intelligent Rotary Steerable System
iStar™
TESTING & SUBSEA
FloConnect® Surface Automation Platform
WIRELINE & PERFORATING
RDT™ Caprock Integrity Testing
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Halliburton 2022 Annual & Sustainability ReportEnvironmental
E3
Environmental
Management
Halliburton's environmental management efforts are
facilitated by the Halliburton Management System (HMS),
which helps the Company manage environmental risks
and identify areas where we can reduce or mitigate our
environmental impact� HMS comprehensively details
policies, business practices, and procedures that guide
work at the Company� You can read more about HMS on
the Halliburton website�
Using Existing Technology to
Reduce Costs and Emissions
Our Colombia team, a 2022 Sustainability
Recognition Program award winner, helped a
customer address a challenge in their deep-
well drilling environment by installing and
utilizing our existing BaraG-Force™ vertical
cuttings dryer system� BaraG-Force™ enabled
the customer to efficiently clean oil-based mud
(OBM) from their cuttings and maximize fluid
recovery� This helped the customer reduce
oil retention in their cuttings, which in turn
reduced the cost of cutting transportation and
CO₂ emissions generated during final disposal. It
also helped the customer recover OBM to reuse
in their well and other operations� This was the
first time the customer utilized this technology,
and all of the above was accomplished with
zero safety incidents and zero non-productive
time (NPT)�
Our Halliburton Completions technologies
help a number of customers effect significant
reductions in emissions by giving them access
to technologies specifically designed to
reduce rig time without sacrificing safety or
quality� These technologies, such as ESTMZ™,
Endurance Hydraulic Screen®, and Multilateral
completions, reduce the rig time, equipment
mobilization needs, and man hours per
completion required for well construction and
completions operations�
42
Our Environmental
Management Sustainability
Commitments
•
Establish and achieve activity-based
waste-reduction targets in our major facilities�
•
Create water-use improvement plans in our major
facilities located in water-stressed areas�
As Halliburton seeks to be a responsible steward of the
environment, we are engaged in concerted efforts to
reduce energy use and GHG emissions, conserve water
and optimize usage, use chemicals in environmentally safe
ways, decrease waste, protect the health and well-being
of employees, manage the impact of our operations on
biodiversity, and manage environmental practices in our
supply chain�
Facility Certifications
The HMS, and all processes and procedures encompassed
within it, comply with industry-standard certification
programs, including ISO 14001 and API RP 75� Based on
business requirements, many Halliburton product lines and
facilities are externally certified according to ISO 14001� In
2022, 69 Halliburton facilities held ISO 14001 certifications�
69Halliburton facilities held
ISO 14001 certifications.
Sustainability Project Ideas and
Recognition
In 2022, Halliburton developed and launched Sustainability
Project Ideas, a platform our workforce can use to submit
new sustainability ideas� We also recognized exceptional
employee accomplishments and highlighted impactful
projects via our other recognition awards programs,
including the Sustainability Recognition Program and the
HSE, Service Quality, and Continuous Improvement Award
Recognition Program.
Halliburton 2022 Annual & Sustainability ReportEnvironmental Environmental Incidents
In 2022, we had no significant environmental
noncompliance spill incidents and no significant
environmental fines�
Recordable Environmental Incident Rate
Incidents per 200,000 hours worked
2020
2021
2022
0�020�02
0�020�02
0�020�02
Chemical Stewardship
Chemical stewardship is a critical part of Halliburton's
responsible environmental impact management� We utilize
automated regulatory tracking alerts that are integrated
into chemical import and export transactions globally, and
our proactive risk-impact analysis supports sustainable
market development�
We also utilize our Chemistry Scoring Index (CSI) to assess
and compare the risks associated with using Halliburton’s
chemical products in oil and gas operations� All of our
chemical products are backed by a Safety Data Sheet
43
Halliburton Wins the World
Oil Awards 2022 Best
Oilfield Fluids and Chemicals
Award for BaraHib™ Gold
Trackable Inhibitive System
Halliburton developed and customized the BaraHib™
Gold Trackable Inhibitive System to enable well
operators to maintain wellbore stability while drilling in
reactive clays� Applying this system, we successfully
drilled with water-based fluid, replacing traditional
invert emulsion fluids in a mature Norwegian oil field for
the first time in over two decades. Use of this BaraHib™
system has the benefits of lower well costs, maximized
drilling efficiency, and a customizable fluid system.
In 2022, Halliburton won the Best Oilfield Fluids and
Chemicals Award from the World Oil Awards for the
BaraHib™ Gold Trackable Inhibitive System�
Water and Effluents
Halliburton's product lines are constantly on the lookout
for ways they can reduce liquid waste, improve water
quality, conserve water, and advance sustainable, cost-
effective waste management processes for our customers
as well as our operations� Although customers purchase
that complies with the latest regulatory requirements� The
and control the water they use at hydraulic fracturing
chemical constituents of our hydraulic fracturing fluids
comply with state laws and voluntary standards�
sites and at wellsites, we offer solutions designed to help
improve their water use practices�
In 2022, Halliburton adopted a new regulatory compliance
program that facilitates more effective communication
with our suppliers� We collect information about the
chemical products we purchase to fulfill global chemical
compliance requirements and sustainability goals� We do
this by distributing chemical questionnaires to vendors,
The Company pursues these goals on a global scale by
working with customers to reduce, reuse, and repurpose
— or "3R" — all fluids to the fullest extent possible� We
proactively clean, blend, and reuse most feedstock as a
habitual environmental conservation practice that saves
water and helps prevent emissions associated with the
and store this data in a consistent, data-safe format while
manufacture, transfer, and mixing of new fluids�
safeguarding the confidential information received
from suppliers�
Halliburton 2022 Annual & Sustainability ReportEnvironmental 44
3R Initiative
Halliburton's 3R Initiative at liquid mud plants aims to
accomplish the following:
•
•
•
Reduce disposal volumes along with dilution
requirements
Reuse non-aqueous fluids in other applications
and extend their longevity
Repurpose waste fluids in applications in which
fluid quality is less critical
The Company's Baroid product line builds on the 3R
evaluation process to help manage and treat liquid
muds� This initiative pushes for liquid muds to be
reused, repurposed, and reduced� It has led to greater
Liquid Mud Plant efficiency, improved fluids and
constituents management, and reduced emissions
from the manufacture, transport, use, and disposal of
associated materials�
Halliburton's 3R Initiative and process has been
expanded at our liquid mud plants to include other
activities like energy use, waste reduction, water
conservation, time, packaging, and safety�
Waste Reduction
Halliburton develops and implements plans to minimize
and manage waste in Company operations� These plans
are designed to reduce the waste produced at the
offices, workshops, field camps, manufacturing facilities,
and wellsites where Halliburton possesses
operational authority�
The Company's 2022 waste-generation data is inclusive
of all U�S� locations, all manufacturing locations, and any
non-U�S� location with a building footprint that exceeds two
acres (8,092 m2) or that houses activities with potential for
particularly high levels of waste generation�
Halliburton's reported water-usage data accounts for the
water used at Company-owned and Company-leased
locations (with the exception of locations that include
water usage in their leases) in the U�S�, Canada, and most of
the Company's global facilities�
Using our climate-risk scenario analysis and the Aqueduct
Water Risk Atlas published by the World Resources Institute,
we identify facilities where it is best to prioritize water use
improvements� Many Halliburton locations — particularly
those in water-stressed areas, including two facilities in
Latin America — have also implemented water-reduction
and water-recycling projects�
Water Withdrawal
Cubic meters
2020
2021
2022
1,345,507
1,345,507
1,478,921
1,478,921
1,751,094
1,751,094
Latin America
In 2022, Halliburton pursued multiple water and effluents-
related conservation initiatives in Latin America�
In Suriname, the Halliburton team installed a rainwater
collector to capture and utilize rainwater around local
Company facilities, creating a sustainable way to make water
facility consumption more efficient.
In Ecuador, local teams installed and began using a water
treatment plant for industrial waters coming from the
washbay� This plant makes it possible for industrial waters
to be reused in the equipment and vehicle washing process,
reducing the amount of new water withdrawn to facilitate
Company operations� Per year, 216,000 gallons of treated
water are reused in our vehicle washing process, which
equals 95% of the water required for vehicle washing�
This water is also used to feed an internal swamp after its
parameters are controlled� By reusing treated water, our
teams are able to reduce use of fresh water and save on
disposal costs�
Halliburton 2022 Annual & Sustainability ReportEnvironmental In 2022, we developed readily accessible and easy-to-
use tools to support water use and waste reduction at
the facility level� This allows us to better collect and store
water and waste-generation data� We worked with select
locations that generate large volumes of waste to develop
and roll out the toolkit and will work with these locations to
establish activity-based waste-reduction targets�
Waste Disposal
Metric tons
2020
2021
2022
45
Biodiversity
Halliburton follows environmentally sound and sustainable
business practices in Company operations� This includes
minimizing disturbances to the land where the Company
builds and operates offices, field camps, chemical facilities,
and service centers� We conduct proper environmental due
diligence and permitting when establishing new facilities,
and work to ensure regulatory compliance is maintained
throughout the life of each facility�
342,306
342,306
In addition, Halliburton recognizes the value of threatened
lands and species, and works with local communities to
protect and restore sensitive habitats near
305,031
305,031
Company facilities�
266,006
266,006
Halliburton promotes habitat preservation and biodiversity
in a variety of ways� Company employees engage in many
biodiversity initiatives at facilities and in local communities�
Globally, Halliburton teams have participated and
collaborated in reforestation activities around our and our
customers' sites� Halliburton employees have also worked
with local communities to preserve the environment and,
where possible, help restore it to its natural state�
Mexico
United States
iMPACT Mexico, one of our Employee Resource Groups, organized
In Wyoming, Halliburton Bentonite Performance Minerals, LLC
and participated in a sea turtle release at the "La Escollera" Turtle
(BPM) has performed voluntary reclamation on lands mined by
Camp in Sabancuy, Campeche� Their goal was to contribute to the
other companies prior to the Open Cut Reclamation Act of 1969�
restoration, protection, and conservation of an endangered group
The sites selected for this reclamation work were abandoned and
of sea turtles� Halliburton employees who attended this event were
left un-reclaimed when these other companies' mining
accompanied by family members and children� Together with other
work ended�
attendees, they assisted with and witnessed the release of these
turtles to their natural habitat�
The Halliburton BPM team used its equipment to contour the
surface on these sites and provide suitable soils and native seed
mix to reclaim the land to their natural state� The result is the
restoration of these lands to functional grazing land for local
landowners, which creates positive benefits for local communities
and wildlife�
Halliburton BPM was awarded the 2022 Wyoming Department of
Environmental Quality (WDEQ) Excellence in Mining Reclamation
Award for their efforts in this area.
Halliburton 2022 Annual & Sustainability ReportEnvironmental 46
SOCIAL
Halliburton's goal is to provide an inclusive, safe, and fulfilling workplace — because our
people are at the center of everything we do. The success of the Company's operations is
dependent on our exceptional employees, leaders, contractors, and suppliers. Globally, the
Company focuses on best-in-class training, competitive benefits, and career development
opportunities that help our employees thrive as they pursue their personal and
professional goals.
Halliburton also works to enhance the economic and social well-being of the communities
in which our employees live and operate. We are guided by our principle of global citizenship
and rely on the support and goodwill of our communities. We work to train and develop local
talent, increase economic activity, promote sound work practices, share knowledge, and
educate and inspire the next generation of potential Halliburton talent.
S1
S2
S3
Health and Safety
Our People
Training and
Development
S4
S5
S6
Diversity, Equity,
and Inclusion
Human Rights
Local
Communities
Halliburton 2022 Annual & Sustainability ReportSocial
47
S1
Health and
Safety
Safety is a Halliburton core value, which means that
In 2022, as the world exited the height of the COVID-19
keeping our employees and contractors healthy and out
pandemic, our industry was one of many that saw a
of harm's way is our first priority� It is the only priority that
significant global increase in demand� This drove a rapid
takes precedence over solving our customers' operational
rise in activity at Halliburton and resulted in meaningful
challenges� We have established extensive, long-term
challenges to our business operations� Our ability to
safety programs and processes at Halliburton to ensure
rely on the Halliburton Management System helped us
safety stays top-of-mind in everything we do� Our safety
successfully address these difficulties, as did our business
programs and processes are part of our Journey to ZERO
practices in onboarding, training and mentoring new
and include Halliburton Critical Focus Areas, Life Rules,
personnel, recommissioning stacked equipment, and
Stop Work Authority, Management of Change, Significant
executing geographic startups�
Incident Review, and Tiered Assurance� Please visit the
Health, Safety, Environment, and SQ section on our website
for more information�
Halliburton 2022 Annual & Sustainability ReportSocial Journey to ZERO
At Halliburton, Journey to ZERO is our vision to achieve
ZERO safety incidents, ZERO environmental incidents, and
ZERO non-productive time — every day, on every job�
The guiding principles below support and enable our
Journey to ZERO progress� While specific focus areas
evolve annually, these principles remain consistent
each year:
•
•
•
•
•
•
Oversight from the Board of Directors' HSE Committee
Execution and robustness of the Halliburton
Management System
Training and education
Identification and communication of personal and
process safety risks
Commitment to continuous process improvement
Verification of our HSE and SQ performance
Throughout 2022, we focused on risk management,
refreshed primary scorecard metrics, and continued
evolution of our incident investigation program� We also
tied in our GHG emissions, waste, and water-reduction
efforts that were highlighted in the Environmental section
of this report� We completed 100% of our 2022 Journey to
ZERO objectives�
48
Our Occupational
Safety - Journey to
ZERO Sustainability
Commitments
•
Target outperforming total recordable incident
rate and lost-time incident rate in the International
Association of Drilling Contractors sector
benchmarking�
•
Achieve HSE training compliance >95%, driver
competency >95%, and 100% completion of our
annual Journey to ZERO strategic objectives�
Preventable Recordable Vehicle Incident Rate
Incidents Per Million Miles Traveled
2020
2021
2022
0�060�06
0�160�16
0�10
Halliburton 2022 Annual & Sustainability ReportSocial 49
Critical Focus Areas
Over the past 10 years, we have made tremendous
progress in reducing total recordable injury rates� We have
also made improvements toward reducing significant
incidents; however, opportunity still exists to reduce the
potential for serious and life-altering events� In 2022, we
assessed our primary scorecard metrics and found an
opportunity to bring our highest potential personal and
process safety incidents to the forefront�
Our Critical Focus Areas (CFA) present the highest potential
for process safety risks� CFA incidents have potential to
result in catastrophic loss involving groups of people,
whole processes, and the communities where we work�
We mitigate these risks with our robust processes and
systems as defined in our HMS� In addition to highlighting
these on the frontpage scorecard in 2022, we updated
our CFA supporting documents in HMS and published
a new CFA video series� These videos featured product
line vice presidents and geography product line leaders
reinforcing why CFA awareness is vitally important to
their business and methods for preventing potentially
devastating impacts� Product line country or area teams
utilized these videos to facilitate a series of extended
safety conversations about how a given CFA relates to
local activities, how the team uses HMS CFA one sheets
and critical thinking to recognize and prevent CFA process
safety events, and how we prepare for and respond to
worst case scenario events to ensure personnel safety�
The CFA video series had over 7,000 views in the second
half of 2022�
Halliburton Critical Focus Areas:
Well Barriers: Manage well barriers to prevent
uncontained release of formation fluids
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
Risk Management
In 2022, each of the product lines built on our 2021
improvements to the Company's risk-management
processes by expanding the content and utilization of
the digital risk-assessment platform released in Q4 2021�
This was supported by a new Risk Management Planning
training module focused on job planning risk assessments�
94% of personnel assigned this module completed it
during 2022�
5 Checks to Go — United
States and Canada
We have demonstrated that focusing on job preparation risk
management improves team performance and reduces the
likelihood of unwanted outcomes� In 2022, the North America
team returned to in-person training sessions to increase
supervisor awareness of our risk-management tools and provide
them with opportunities to role-play leading 5 Checks to Go team
conversations� In the 5 Checks to Go conversation, teams engage
in a two-way dialogue in which they review their work plan, ask
what has changed due to situational hazards, and conduct a final
walk-the-line verification. It is the last step before our employees
execute work� By the end of 2022, nearly 1,000 employees in North
America completed the in-person training course�
Halliburton 2022 Annual & Sustainability ReportSocial
Leadership Visits
Our 2022 scorecard assessment also highlighted
leadership visits as the primary leading indicator to
reinforce desired behaviors and outcomes� As travel
reopened in 2022, our leadership teams were able to
resume field workshop and customer job site visits� This
aligned with the introduction of a leading indicator that
measures monthly operational leadership visit execution�
Leadership visits are focused on engagement with
frontline employees to ensure processes are working as
intended and to gather process improvement feedback�
Management Process Execution Assurance (MPEA) is a
checklist tool that provides leadership with a question set
designed to facilitate frontline conversations about the
highest risk tasks and processes� In 2022, our product lines
and Global HSE/SQ team conducted a systematic review
of critical process risks and HSE/SQ program findings and
refreshed the MPEA checklist question sets� This resulted
in the creation of new product line-specific questions and
refreshed critical HSE program questions with simplified
terminology designed to foster two-way dialogue� During
2022, we improved by 256% in monthly leadership visits
utilizing the updated checklists�
50
Stop Work Authority
Stop Work Authority (SWA) remains a critically
important part of risk management at Halliburton�
Our SWA program authorizes all employees and
contractors to stop a task if they observe unsafe
actions or conditions, or if they have concerns
regarding the controls over an HSE or SQ risk� In 2022,
employee engagement in SWA remained strong, and
we saw a year-over-year increase in the number of
SWA observations�
Stop Work Authority Observations
2020
2021
2022
162,878
162,878
205,868
205,868
220,754
220,754
Halliburton 2022 Annual & Sustainability ReportSocial 51
Incident Investigations
Learning from incidents with the potential for serious or
life altering results remains a critical part of our Journey
to ZERO� In 2022, we expanded our investigation training
HMS and Industry Standard
Certifications
curricula to differentiate event investigation facilitators,
HMS plays a central role in putting our Journey
investigation training facilitators, and subject matter
experts� Within the investigation training content, we
included a new Fair Outcome Model assessment for
investigations that identify where our processes were not
followed as intended� The Fair Outcome Model assessment
allows for better application of our human performance
to ZERO in action� The standards and work
methods that form HMS define how we work
and enable us to address potential risks inherent
in our businesses� HMS incorporates major
management system standards, including
those for quality management (ISO 9001),
principles when we assess what led to process variation�
environmental management (ISO 14001), and
The assessment takes a holistic view of individual and
supervisory behaviors to identify potential underlying
health and safety management (ISO 45001)� The
system also meets and exceeds requirements
conditions or systematic issues� To support this process
of the industry-specific API standards for
improvement, and in collaboration with Human Resources,
manufacturing (API Q1) and providing services
the Company hosted a series of Fair Outcome Model
training sessions both globally and in each region� We also
established monthly global investigation community calls
to further collaboration and sharing of lessons learned
across the regions�
in the oil and gas production sector (API Q2) and
the API RP 75 standard for offshore safety and
environmental management�
In addition to the global verification of HMS
through our internal 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 25 API Q2-certified facilities located in
14 countries�
Health and Safety Facility Certifications in 2022
Certifications
Number of
countries with
API Q1-certified
facilities
Number of API
Q1-certified
facilities
Number of
countries with
API Q2-certified
facilities
Number of
Number of ISO
API Q2-certified
45001 certified
facilities
facilities
TOTAL
6
15
14
25
48
Halliburton 2022 Annual & Sustainability ReportSocial S2
Our People
Being an employee at Halliburton means being on a team
where people care for each other� We provide our workforce
with a safe, inclusive work environment, rich career
development opportunities, and competitive benefits�
To learn more about Halliburton's workplace, including our
culture, employee benefits, ethical employment practices,
and compliance with applicable employment laws, please
visit the Halliburton website�
Enhancements to Benefits
Our Global Benefits
52
With 130 nationalities represented in our workforce and
a presence in over 70 countries, Halliburton's workforce
is one of the most diverse in the world� Halliburton
employees are exposed to a wide variety of people,
projects, and cultures and we know this is a critical part
of advancing a secure and sustainable energy future�
For our workforce, we added a Global Business Travel
Accident program that offers an added layer of support for
all employees globally, including contractors, who conduct
business travel on Halliburton's behalf�
In 2022, we improved the healthcare experience and
expenditure planning for U�S� employees and eligible family
members with the following benefits enhancements:
•
Refreshed medical plans that provide more
meaningful choices, including low- or no-cost plans
We strive to offer meaningful global benefits programs that
for lower paid employees
align with Halliburton’s talent acquisition and retention
strategies� Our programs are comprehensive, market
competitive, and globally sustainable� We design them to
be fluid and creative, which gives us flexibility to address
evolving business matters� It also helps us support
collaboration with our partners and key stakeholders as we
maximize value for our employees and their families�
Halliburton's competitive benefits package is designed
to address the diverse needs of our workforce and their
families� These include programs and services that range
from comprehensive medical coverage, retirement plans,
and income protection while on disability to paid time off,
emergency childcare, and third-party discounts�
•
•
A surrogacy allowance that provides our employees
with increased support for growing their families
A legal plan that offers full coverage for attorney fees
and no out-of-pocket cost for common personal
legal needs, including money matters, home and real
estate, estate planning, family and personal matters,
civil lawsuits, and elder-care issues
•
Pharmacy advocacy programs that educate
employees on lower cost alternatives to their
medications and provide added support for individuals
with diabetes
Halliburton 2022 Annual & Sustainability ReportSocial
Continued Prioritization of
Mental Health
Halliburton recognizes that our employees are fielding
a significant increase in stressors in recent years�
Halliburton’s global expansion of the Employee Assistance
Programs (EAP) programs further demonstrates that
support for mental health is a priority�
In 2022, Halliburton continued expansion of EAP and now
all Halliburton employees and their families around the
globe have access to EAP and best-in-class mental health
support services in their local markets�
Mental Health Education and Awareness
The Halliburton Global EAP team expanded training and
education among employees and management in 2022�
For example, the Lessons for Life monthly web series,
which features expert opinions on a variety of mental
health and well-being related subjects is now available
globally. Training topics included boosting your mental
health in 2022, neuroscience of stress, and
happiness hierarchy.
The Company also supported local educational sessions
worldwide, with topics chosen based on geography-
specific employee demand� These sessions were hosted
in the U�S�, Middle East, Malaysia, and Latin America�
Country-specific topics included emotional intelligence,
presentation anxiety, back-to-school tips for parents,
stress and workplace exercise, stress and migraine,
mindfulness, eating for good immunity, early diagnosis of
depression, adult mental health, sleep health awareness,
53
Mental Health Spotlight:
United Kingdom
In 2022, the UK launched a Mental Health and
Well-being Hub that makes it easy for employees to
access all Halliburton mental health and well-being
information in one place� The page includes links to
Yammer and other helpful resources like the EAP
webpage, quarterly newsletters, Mental Health First
Aiders, and a well-being calendar� A banner at the top
of the page is updated with new content on a
monthly basis�
The UK promotes mental health awareness all year by
providing employees with the following resources
and opportunities:
•
An EAP quarterly newsletter and additional
communications are shared with employees and
are often linked in the Mental Health and Well-
being Hub's monthly banners�
•
A yearly December Well-being Campaign includes
hints and tips, webinars, employee competitions,
and in-person events designed to promote
employee engagement and healthy habits� In
2022, the Well-being Campaign took the form
of an Advent Calendar in which a new event or
material was shared each day�
•
•
Managers are required to attend a Mental Health
training course�
Monthly communications detail upcoming
webinars and share links to important mental
health and well-being information�
•
Certified Mental Health First Aiders are promoted
and brain health� In Latin America, the Company executed
among employees�
a comprehensive mental health awareness campaign
during the rollout of their regional EAP program�
In addition, Halliburton UK hosts regular learning sessions
for managers that focus on mental health and stress
awareness� In 2022, the topics these sessions covered
included sleep issues, promoting positive well-being, and
the power of food�
U.S. Mental Health First Aid
Training and Certification
Programs
Approximately 65 of our U�S� employees are trained
and certified in Mental Health First Aid to provide
added support for our workforce if they are coping with
mental health challenges�
Halliburton 2022 Annual & Sustainability ReportSocial 2022 Mental Health Awareness Campaigns
The Company's transparent approach to pay and career
54
progression provides employees with high visibility
of career paths, required competencies, and the pay
associated with advancement� Job descriptions and salary
bands are published and available for all employees to
review, as are pay structures for a majority of the countries
where we operate� Paired with our industry-recognized
competency program, these transparent practices help
employees understand advancement and confidently own
their careers�
Halliburton hired 10,513 new employees in 2022, a
significantly higher number than the previous year in
spite of a tight labor market� Our Global Talent Acquisition
team reached candidates through a variety of recruitment
avenues, including relationship building at universities,
virtual career fairs, apprenticeship programs, employee
referrals, and partnerships with local governments in their
job candidate programs�
Halliburton's 2022 mental health Digital Awareness
Campaigns covered a variety of topics, and were
distributed in multiple contexts and locales� Worldwide,
Halliburton distributed quarterly regional EAP newsletters
to raise global awareness of, and engagement with, mental
health� The Company also hosted global campaigns for
Mental Health Awareness Month, World Sleep Day, and
World Mental Health Day in which messaging designed
to raise mental health awareness was delivered to all
Halliburton employees� The Company also incorporated
Mental Health-themed safety topics in our regular
meetings to further emphasize the importance of caring for
one's mental health�
Regional Digital Awareness Campaigns included a well-
being-focused campaign in the UK in December and a
comprehensive digital communications campaign in
Canada that promoted awareness of a variety of topics,
including Mental Illness Awareness Week (October) and
Let’s Talk Day (January).
Recruitment
Commitment, collaboration, humility, and a focus on
exceptional execution are foundational to Halliburton's
workplace culture� Our workplace is one in which people
feel like they belong, and their contributions are
valued — and which helps us outperform in all
business cycles�
Halliburton 2022 Annual & Sustainability ReportSocial 55
In addition, 3,004 employees rejoined Halliburton in 2022,
Halliburton prioritizes diversity in recruitment and seeks
a data point we regard as strong evidence of the positivity
to cultivate a more diverse talent pipeline for entry-
and effectiveness of our workplace culture� Whether
level roles� We have established internship recruiting
they were impacted by a down-cycle or pursued other
programs at academic institutions, and have developed
opportunities before returning, we are glad the Halliburton
relationships with multiple student organizations dedicated
culture brought them back� As former employees, they
to promoting diversity� We also provide professional
were able to rely on their prior experience at the Company
development sessions for students, engage our employee
to quickly re-acclimate and add value to their teams�
resource groups in select university events, and conduct
Rate of New Female Hires in STEM Roles
2020
2021
2022
outreach through programs supported by our Educational
Advisory Board� In 2022, the Company established several
new internship programs in the eastern hemisphere, and
expanded Development Excellence Engineer Program
(DEEP), our internship program in Latin America, to include
Brazil, Colombia, and Mexico�
Halliburton's well-established internship programs in the
U�S� continue to see strong female representation� Female
20%20%
19%19%
23%23%
interns increased from 43% in 2021 to 52% in 2022�
Intern Class
Halliburton 2022 Annual & Sustainability ReportSocial
S3
Training and
Development
Our success and growth as a Company is because of our
skilled, knowledgeable employees and the investments
made in learning and development� Halliburton offers our
people with industry-recognized, best-in-class employee
development programs, processes, and trainings that
help them excel in their careers and meet personal goals�
We maintain a talent pipeline of strong leaders who are
ready to assume leadership positions and help carry the
Company into the future�
Talent Identification and
Succession Management
At Halliburton, potential new leaders are regularly identified
and developed as part of our "build from within" talent
philosophy� This strategy ensures business continuity and
a strong competitive advantage with regard to short- and
long-term success� In 2022, we saw a 31% increase in
female candidates on replacement charts since 2020�
One of Halliburton's most significant investments in
developing future leaders is our Business Leadership
Development (BLD) series — our executive education
program� In 2022, 574 individuals participated in BLD, a
77% increase from 2021� Attendees were 25% female, and
59 different nationalities were represented� Approximately
70% of Halliburton's leaders have completed at least one
course in the BLD series, which speaks to its importance in
building a leadership pipeline to promote growth at
the Company�
56
Our Skilled and Committed
Workforce Sustainability
Commitment
•
Have a skilled and committed workforce by listening
and responding to our employees’ feedback and
committing to an engaged workforce that feels valued
with the right support and resources to be successful�
Training and Education Updates
At Halliburton, we seek to "build from within" by supporting
our talent in their pursuit of career excellence, and by
recruiting, training, and promoting leaders from within� This
strategy has led to a high level of retention and continuity
among Halliburton talent� We find it also promotes
teamwork and camaraderie — when employees have risen
through the organization together, they are able to draw
from and build on their shared experiences when
they collaborate�
One of the best measures of the effectiveness of our
human-capital development practices is internal fill rate� In
2022, 82% of our leadership roles were filled internally, as
were 94% of our open executive-level positions� Halliburton
also participates in the S&P Global Corporate Sustainability
Assessment, and in 2022 we were rated highest in
human-capital development in the energy equipment and
services industry group�
Employee-Driven Development
and Upskilling
Flexible Learning
Halliburton adapted to the various methods of learning
by expanding modular education opportunities� This
made training more accessible and efficient for our global
workforce, and enabled individuals to tailor their learning
opportunities to their needs�
In 2022, the Company relied on virtual, self-paced, and
hybrid forms of learning to create maximum flexibility while
also pivoting a number of our learning and development
opportunities back to in-person training contexts� More
than 63% of our 2022 training was delivered in
non-traditional classroom environments�
Halliburton 2022 Annual & Sustainability ReportSocial
57
In addition, the Company introduced a new Frontline
In addition, our product lines and HSE/SQ hosted 12
Leader Toolkit based on input from recently promoted
in-person Country Manager Boot Camps in 2022� These
frontline leaders about the type of information they
week-long, rigorous programs feature global leaders
believe will be most helpful to new leaders� This blended
teaching key safety leadership, business acumen, people
material includes self-paced training, checklists, process
excellence, and operational excellence processes�
guides, and recommended instructor-led training that
Attendance at our Country Manager Boot Camps is one
can be accessed on an as-needed basis� This toolkit is
of the final steps in assessing a candidate's readiness
automatically assigned to any newly promoted frontline
before they assume the role of product line or HSEQ
leader to put these tools at their fingertips and help them
Country Manager� This year's attendees represented 34
succeed in their new positions�
Work of the Future
At Halliburton, we are embracing a hybrid approach
to learning and development to make sure all of our
employees are able to access enriching learning
experiences� The Company values both virtual and
in-person training, and aims to offer employees a diverse
roster of educational programs�
In 2022, we continued Halliburton's U�S� intern program,
in which our interns participate in in-person, virtual, and
hybrid work opportunities to engage and connect with
each other and with Halliburton employees� The internship
program offers virtual and in-person lunch and learn
sessions in addition to other engagement opportunities�
nationalities from around the world� Halliburton's other
leadership training opportunities were modularized and
made available in virtual and classroom formats in 2022�
This increased the availability of training materials and gave
employees more leeway to tailor their own training� This
led to more than twice as many employees accessing key
leadership training as in 2021�
Other 2022 highlights include resuming our executive
education training program and in-person classroom
training options and adding a new training course that
supports our global business and hybrid work with lessons
on leading virtual teams� This new virtual leadership
training focused on virtual teams includes modules on
virtual well-being, group cohesion, and collaboration
and inclusion�
Halliburton 2022 Annual & Sustainability ReportSocial
58
Exceptional Training and
Education
The quality of Halliburton's training and education
remains unrivaled in our industry� For the tenth
consecutive year, the Halliburton Global Competency
Assurance Program maintained its status as the only
full-spectrum oilfield services company competency
program that enjoys global accreditation by the
International Association of Drilling Contractors (IADC)
with no restrictions. More than 34,000 employees
were assigned competencies in the program� The
program outlines expectations for well-site services
and highlights the Company's transparent approach to
career progression for roles involved in delivery service
in the field.
Digital Literacy Campaign
In 2022, Halliburton introduced a broadened Digital
Literacy Campaign for Global Business Lines (GBL)
employees� Over 33,000 employees have access to this
training series and, to date, more than 280,000 activities
have been completed by participants�
As digital advancements transform the way Halliburton
works, the Company knows it is essential for all employees
to have a fundamental understanding of digital resources
and how they can enhance Company capabilities� Our
Digital Literacy Campaign is thus aimed at increasing our
Company's data science competency� This internal and
external development program makes use of video-based
micro-learning to help employees align our training with
the products, services, and capabilities present in the
evolving energy landscape�
As of 2022, the newly expanded series invites Halliburton
employees to explore new technologies and find examples
of how to apply these technologies at the Company�
Broadly speaking, it has helped us upskill and re-skill our
employees and ensure we are helping them grow�
Halliburton 2022 Annual & Sustainability ReportSocial S4
Diversity,
Equity, and
Inclusion
Halliburton is one of the world's most diverse companies�
With the support of our COBC and employment practices,
we work diligently to foster a culture of respect and
inclusion� The Company's workforce represents 130
nationalities, and we have operations in more than
70 countries�
To find more information about our diversity initiatives, visit
the Halliburton website.
Organizational Diversity: Minority
and Female Representation
Halliburton works diligently to increase diversity at the
Company, and in 2022 we made strong progress toward
that goal�
The percentage of women in junior leadership roles at
Halliburton increased 5% from 2021� The number of
women in operations roles also increased in 2022, and the
Company saw a 33% year-over-year increase in female
product line Country Managers� Twenty-three percent of
our 2022 hires in STEM roles were female, which compares
favorably to the National Association of Colleges and
Employers (NACE) female graduation rates of the degrees
we target for hiring� This is a key focus, as these roles tend
to feed into leadership positions� In the U�S�, the percentage
of minorities in management improved 22% compared
to 2020�
59
Our Diversity, Equity, and
Inclusion Sustainability
Commitment
•
Provide a diverse, equitable, and inclusive
environment that upholds our core values of
collaboration and respect, and provides all
employees opportunities for growth
and development�
Female Diversity in STEM Roles
2020
2021
2022
15%15%
16%16%
17%17%
Racial Diversity in STEM Roles (U.S. staff only)
2020
2021
2022
32%32%
34%34%
36%36%
Racial Diversity in All Management Positions
(U.S. staff only)
2020
2021
2022
24%24%
27%27%
29%29%
Halliburton 2022 Annual & Sustainability ReportSocial
60
Economic Inclusion
In 2022, the Company added Indigenous-owned
service providers to our supply chain and created
a rigging crew composed entirely of Indigenous
employees� We further developed our Indigenous
contractor repository and made efforts to increase our
Indigenous workforce by promoting job opportunities
within Indigenous communities, participating in the
Horse Lake First Nation Career Fair, and sponsoring the
North-East Native Advancement Society�
Listen and Respond
Halliburton seeks to be inclusive, and we value employees'
perspectives and ideas about ways the Company can
improve the employee experience� Using tools like our
biannual EPS, we seek feedback from employees on their
challenges, performance, development, and
work-life balance�
Our August 2022 EPS yielded a record-high response
rate of 81%. The most favorable responses involved 96%
of employees expressing that they feel aligned to the
company's strategy, 93% have opportunities to learn
from colleagues, 93% make meaningful connections
at Halliburton, and 96% feel the work they do every day
matters� Additionally, we saw improvement in several
critical areas, including in employees feeling valued,
receiving meaningful performance feedback, feeling
supported in their development, and feeling able to
manage work-life balance�
81%
EPS yielded a record-high
response rate
96%
Employees expressing
that they feel aligned to
the company’s strategy
93%
Have opportunities to
learn from colleagues
93%
Make meaningful
connections at Halliburton
96%
Feel the work they do
every day matters
Our Five ERGs
Women Sharing Excellence (WSE)
Black Employees Leading in
Inclusion, Excellence, Vision, and
Education (BELIEVE)
Veterans Leadership Forum (VLF)
iMPACT
PRIDE
Employee Resource Groups
Halliburton offers five ERGs so employees who share
interests in certain topics or missions can connect and
collaborate� Each of these groups is open to all employees
(participation is voluntary)� ERGs help foster a positive and
inclusive work environment by encouraging engagement,
collaboration, networking, and professional development�
They also provide opportunities for Halliburton employees
to build leadership skills and improve career mobility� As a
Company, we engage with our ERGs to listen to, empower,
and educate our workforce�
Halliburton 2022 Annual & Sustainability ReportSocial
2022 ERG Events
BELIEVE: A Conversation with Dr. Ruth Simmons
In February, BELIEVE hosted a fireside conversation with
Dr� Ruth Simmons, the president of Prairie View A&M
University� Dr� Simmons was interviewed by Myrtle Jones,
the Senior Vice President of Tax, at Halliburton's Houston
North Belt Campus� Dr� Simmons was previously the
President of Brown University, where she was the first
African American to serve as President of an Ivy
League school�
The topic Dr� Simmons and Ms� Jones discussed was "The
Future of Work: Talent, Technology, and Transformation�"
They considered what organizations can do to attract a
skilled and motivated workforce� Dr� Simmons also shared
thoughts and anecdotes about resilience, determination,
and the power of untapped potential that she has gathered
during an academic and professional career spanning
more than five decades� Attendees included Halliburton
employees, Prairie View A&M students, and current Prairie
View A&M professors�
PRIDE: Houston Pride Parade
In July 2022, Houston hosted the third-largest Pride
celebration in the United States. Halliburton employees
gathered with each other, their friends, and their families to
walk in the parade� Many had attended in the past, but this
year Halliburton secured an official parade spot and our
employees participated together for the first time�
Pride Houston 365 organizes the parade and promotes
equality and inclusion by celebrating the LGBTQ+
community year-round� They raise critical funds for youth
scholarships, and offer ongoing health and wellness
education� This non-profit is eligible for matching
donations in our Giving Choices campaign�
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WSE: International Women's Day
In March, Halliburton's Women Sharing Excellence ERG
hosted a global virtual event to celebrate International
Women’s Day. The event's speakers included Michelle
Benavides, Vice President and Chief Ethics & Compliance
Officer as well as WSE executive sponsor; Myrtle Jones,
Senior Vice President of Tax; and Maggie Hatfield, Vice
President at Real Estate Services�
The theme for this year was #BreakTheBias, and
the different talks considered how we can create a
gender-equal world that is free of bias, stereotypes, and
discrimination� Leaders spoke about breaking biases at
work and in the community and discerning unconscious
biases� WSE collected videos and photos from employees
around the world — in offices, the field, manufacturing, and
at home — showing the "Break the Bias" symbol�
DE&I Training
Our DE&I training course, Global Diversity, Equity, and
Inclusion Training, includes the acronym INCLUDE, in which
each letter denotes a behavior essential to supporting
DE&I at Halliburton (Inquire across differences; Nurture
collaboration; Challenge yourself and others; Lean into
discomfort; Understand differences; Diversify your
network; and Empathetic listening)� This is a global training
course that all full-time Halliburton employees are required
to complete� As of 2022, over 42,000 employees have
completed this training� This builds on training aimed at
achieving racial equality in the workplace that we assigned
to all North American employees in 2021� We also made this
training available globally� Topics covered in the training
include practical strategies to address concerns about
racial equality and the initiation of conversations about
how we can recognize differences, seek understanding,
and create a more inclusive environment� As of 2022,
more than 14,400 of our active employees completed
the training�
#BreakTheBias
Halliburton 2022 Annual & Sustainability ReportSocial 62
In 2022, more than 1,000 employees completed our
Investing in a local workforce also means Halliburton is able
Unconscious Bias workshop� This training, aimed at leaders,
to help improve local economies and enhance the quality
helps identify the sources of bias and how to counteract
of life for employees and their families through job creation,
them� In 2022, we also created a new training video, "Wake
skill advancement, and career development� The Company
Up Your Unconscious" to provide a self-paced training
is able to cultivate a workforce that is more representative
option for employees at all levels� Launched in June of
of local populations, and is better able to conduct business
2022, the video has been viewed more than 3,000 times�
in native languages and with an understanding of local
values and cultures� This facilitates better communication
Development of Local Workforces
and improves day-to-day operations�
Halliburton aims to positively impact communities
around the world by investing in local workforce
development� Halliburton consistently hires local talent
for open positions, which gives them access to our
classroom and virtual training, on-the-job training, and
competency programs�
The Company also invests in cultivating local relationships�
We align with universities and national oil companies to
build skills among interested students and raise awareness
of opportunities in our industry� It is a priority at Halliburton
to increase the percentage of localized employees and
leadership, and we have made tremendous progress on
our goals in recent years� At present, 92% of the Company's
workforce and 85% of managers are local to the areas
where they work�
Saudi Arabia
Ivory Coast University
Partnership
In-Kingdom Total Value Add Program (IKTVA), a program that
In February, the Institut National Polytechnique Félix Houphouët-
is part of Saudi Vision 2030, was launched in 2015 to drive
Boigny (INP-HB), a public polytechnic institute of higher education
domestic economic growth and sustainability in Saudi Arabia�
and research, hosted a ceremony in Yamoussoukro, the capital
In 2022, Halliburton received IKTVA's Best in Training and
of Ivory Coast, to sign an educational and technical cooperation
Development Award� The Company has been granted this
agreement with Halliburton�
award three consecutive times for our efforts with trainings,
competencies, and development assignments for our national
employees� The award also recognizes the external training given
to our customers, vendors, and educational establishments in
the Kingdom�
The Ivory Coast oil and gas sector is experiencing steep growth
due to the discovery of the Baleine reserve and fast-track
development� Due to this industry growth, it is increasingly
important for the Ivory Coast to train a highly qualified local
workforce� Halliburton's agreement with INP-HB provides the Ivory
As part of our wider commitment to localization, our Saudi Arabia
Coast with a proactive solution�
team is also engaged in educating and developing new trainers for
both Saudi Arabia and other countries as part of our Global Talent
Development program�
In line with Halliburton’s commitment to the local community and
graduate programs, the Company assists with engineer training,
which may include conferences, guest speakers, internships,
provisions of learning, and research� In return, two schools from
INP-HB — Ecole Supérieure du Pétrole et de l’Energie (ESPE) and
Ecole Supérieure des Mines et de Géologiey (ESMG) — nominate
top students for an internship with Halliburton�
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McCombs Summer Institute at the
University of Texas
Fifteen years ago, Halliburton founded the University
of Texas (UT) McCombs Summer Institute (MSI), and
continues to be its largest sponsor� Through UT MSI,
students are equipped with the business fundamentals
necessary to turn their passions into careers� During an
intensive eight-week program, UT MSI students complete
five core courses: Accounting, Finance, Management,
Marketing, and Entrepreneurship� All of these students
are seeking degrees in areas outside of business, and
dedicate their summer to complementing their majors with
important business skills�
Halliburton’s goal is to create a pipeline of technical
engineers with experience in business who can join us
through our internship program� The Company sponsors
scholarships and grants for the program� It also offers
mock-interview days for the students, as well as REDiness
courses and info sessions, and eventually conducts
interviews for our internship program�
Investment in the Future
Halliburton is invested in increasing our diversity and
inclusivity as the Company builds a sustainable pipeline
of future talent� The Company engages in mentorship
programs, charitable giving, and inclusive hiring practices
designed to draw more diverse talent to our workforce�
Halliburton has multi-year commitments with LSU
Scholars, the McCombs Summer Institute at the University
of Texas, and RISE programs� Between the programs,
Halliburton awards a total of $3�2 million in scholarship and
program support donations� Presently, there are over 100
students between the three programs�
LSU Scholars
Halliburton has served as one of the most valuable and
impactful corporate supporters of the LSU College of
Engineering� We renewed our partnership with LSU in 2022,
and committed to gift $1�2 million to the LSU College of
Engineering dispersed over four years.
In 2022, in response to aspirations expressed by
participating students, Halliburton expanded internship
opportunities to include R&D and support functions,
in addition to our historical support of internship
opportunities in our field engineering groups� Halliburton
hosts networking sessions, provides mentorship, and
promotes in-person opportunities to interact with our
senior leaders whenever possible�
Together, Halliburton and LSU have developed a leading
scholarship program, and have provided hands-on
internship experiences that can lead to full-time job
opportunities for LSU engineers� The opportunities created
through this program are unparalleled, particularly for
women in engineering�
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RISE Scholars Program
Our inaugural cohort's first internship included a
In 2022, we continued our Recruiting Inclusive Students
roundtable discussion with Jeff Miller (our Chairman,
into Energy (RISE) Scholars Program partnership with
President and Chief Executive Officer) and Lawrence
Prairie View A&M University (PVAMU), a Historically Black
Pope (our Chief Administrative Officer and CHRO), multiple
College & University (HBCU) located in Prairie View, Texas�
interactions with other Halliburton executives, and a site
RISE includes a $1�0 million Business and Engineering
visit to our location in Duncan, Oklahoma, where Halliburton
Scholarship Fund, and the program provides scholarships,
was founded� The internship culminated with full-time and
professional development, Halliburton mentors, and
return internship offers for the entire cohort�
summer internships to rising juniors in PVAMU's College
of Business and Roy G� Perry College of Engineering� The
mission of the RISE Scholars Program is to attract, retain,
Halliburton Partners with Universities to Support
Native American Students
and advance Black employees at Halliburton to continue to
In 2022, Halliburton entered into a multi-year agreement
reflect the diversity of our communities�
RISE scholars also serve as ambassadors for the program,
and with the inaugural cohort's help recruiting new
students, we ushered in a second, expanded cohort in
2022 that includes 10 additional scholars�
Both the inaugural and second RISE cohorts are currently
in progress� We are engaged with RISE scholars through
full-time and return internship offers and on-campus
professional development activities� Halliburton also
engages with RISE students in networking sessions,
mentorships, and in in-person opportunities to interact
with senior leaders�
with the North Dakota tribal college system� We work
to help break cycles of poverty and lack of education
in local Native American communities by offering an
apprenticeship program and skills-based learning�
In addition, we supported a scholar program at the
South Dakota School of Mines aimed at promoting STEM
opportunities among Native American students� We
continued our long-term funding support for the Little
Shop of Physics at Colorado State University�
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Our Human Rights
Sustainability Commitment
•
Support universal human rights as defined by the
United Nations Universal Declaration of Human
Rights through fair and ethical employment
practices and our Code of Business Conduct�
S5
Human Rights
Halliburton supports universal human rights as defined
by the United Nations Universal Declaration of Human
Rights, and respects the human rights and dignity of all
people� Every day, these values are expressed and lived
out in the breadth of our operations and the diversity of
our workforce� The Company complies with all applicable
employment laws, and adheres to fair and ethical
employment practices� We also incorporate human rights
into our policies on health, safety, and security�
You can read more about our human rights practices and
beliefs — including Halliburton's Human Rights Policy,
Human Rights Statement, Supplier Ethics Letter and
Statement, and COBC — on the Company's website.
Halliburton 2022 Annual & Sustainability ReportSocial 66
Human Rights in the
Supply Chain
New and Emerging Human Rights
Regulations
Halliburton utilizes several internally developed tools and a
As human rights legislation evolves Halliburton works
digital supplier management system to screen suppliers for
diligently to comply with new regulations, such as the
potential human rights risks and abuses� These tools and
Norwegian Supply Chain Transparency Act that went into
systems include:
effect in July 2022� This act requires companies to share
how they are working to eradicate human trafficking and
•
An internal human rights dashboard that evaluates
modern slavery in their business and global supply chains,
supplier risks and helps us identify areas for
and to detail the steps they have taken and the controls
detailed follow-up
they have in place to address human rights risks�
We comply with the UK Modern Slavery Act, the Australia
Modern Slavery Act, and the UN's Universal Guiding
Principles on Business and Human Rights� Our statements
of compliance with these acts can also be found on
our website�
Halliburton monitors and complies with emerging human
rights legislation worldwide, such as the Uyghur Forced
Labor Prevention Act (UFLPA) in the U�S�, the upcoming E�U�
Act, and the Canadian Human Rights Act� In Canada, we
adhere to the United Nations Declaration on the Rights of
Indigenous People in our operations� For more information
about our Indigenous relations efforts in Canada, visit the
Indigenous Inclusion Strategy section in this report�
•
•
IntegrityNext, a digital platform that allows us to track
risk and assessment in all supplier tiers
Ethical Procurement and Supply eLearning training
— which covers Environmental Procurement, Human
Rights and Fraud, and Bribery and Corruption — from
the Chartered Institute of Procurement and Supply
(CIPS), which was completed by the Company's
procurement personnel
•
Our Supply Chain Awareness training course, which
was deployed at the end of 2022
• Halliburton's Supply Chain and Legal and Human
Resources personnel participated in piloting the
International Petroleum Industry Environmental
Conservation Association Forced Labor
Training course
•
Third-party Human Rights Audits, which cover
Workplace Conditions Assessments, Labor Provider
Audits, and Service Provider Audits
The Human Rights Audits we employ focus on key Human
Rights and Labor topics, such as Child Labor, Forced
Labor, Wages and Working hours, Freedom of Association,
Discrimination and Harassment, Recruitment, Employee
Health and Safety, and Management Systems,
amongst others�
Please refer to the Human Rights section of our Supply
Chain Governance chapter for more details�
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Our Community
Relationships Sustainability
Commitment
•
Enhance the social value of communities in which
we live and work through effective engagement
and social investment�
In Saudi Arabia, our team participated in two tree planting
events� The first was in support of the Saudi Green Initiative
(SGI), which aims to unite environmental protection,
energy transformation, and sustainability programs in the
pursuit of a greener future� The second took place at The
Comprehensive Rehabilitation Center in Dammam, and was
organized by the Halliburton Saudi Arabia team� A group of
Halliburton volunteers and a team from the rehabilitation
center successfully planted 50 Neem and Acacia trees�
The Comprehensive Rehabilitation Center in Dammam
is an assisted living facility for disabled individuals that
encourages families' participation in
patient rehabilitation�
Kids Meals Houston
Halliburton's 100 summer college interns began their
time at the Company by giving back to the community
as volunteers at Kids Meals Houston� In addition to the
2022 interns, our volunteer group included a few guest
executives� Together, this volunteer group helped make
sandwiches, decorate lunch bags, sort warehouse items,
and prep delivery routes�
The mission at Kids Meals Houston is to eradicate
childhood hunger in Houston by delivering free, healthy
meals to Houston’s hungriest preschool-aged children
year-round and by providing their families with resources
to help end the cycle of poverty�
S6
Local
Communities
Halliburton values and aims to enhance the economic
and social well-being of the communities in which we
operate� We deliver support to our local communities via
the Halliburton Foundation, the Halliburton Charitable
Foundation, and our Energy to Help™ volunteer program�
Halliburton also hosts a corporate giving program and an
annual Giving Choices campaign, in which the Company
matches the donations our employees make to charities
they select� We regularly encourage employees to volunteer
in their communities� To learn more, visit the Employee
Volunteerism and Halliburton Foundation Giving
Guidelines pages on our website.
Halliburton Volunteers
Giving back to the communities where we live and work
is integral to Halliburton's culture� All of our volunteerism
and charitable activities are focused on our Four Pillars of
Giving: Education, Environment, Health and Safety, and
Social Services�
2022 Tree Planting Events
In 2022, Halliburton participated in various tree planting
events around the world, including Colombia, the United
States, and Saudi Arabia�
Volunteering Legacy
Our founder, Erle P� Halliburton, established a legacy of
positive community impact through generous support
for local charities and causes in his community� Today,
we continue to honor that legacy with volunteer
opportunities that benefit the communities where
we live and work� Our commitment to good corporate
citizenship is fundamental to creating sustained value
for our Company, our stakeholders, and the world�
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iMPACT Argentina
Members of iMPACT Argentina, a Halliburton ERG, made an
impact in their community with various giving campaigns
and volunteer work� 2022 iMPACT highlights include:
• Make the Backpack: iMPACT members filled
backpacks for kids at The Yampi Children's Home�
Donate, Play, Love: iMPACT members collected new
•
In December 2022, the WSE chapter in India hosted its first
donation drive, donating food, clothing, toys, board games,
and volunteer time to benefit women, children, students,
elderly individuals, and others who live in poverty or are
otherwise socioeconomically disadvantaged� Donations
were sent to the following organizations: Sneha Sadan in
Mumbai, the Mother Teresa Home in Pune, the Prashantha
Old Age Home in Bangalore, and the Society for Upliftment
and gently used toys and delivered them to the Yampi
and Development of Human Beings by Action (SUDHA)
Children's Home�
in Gurgaon�
Ronald McDonald House: "Stuff the Bus"
Food Donations
For Childhood Cancer Awareness Month in September
2022, Halliburton volunteers participated in a "Stuff the
Bus" collection for families with children facing critical
illnesses at the Ronald McDonald House Houston and its
satellite hospital locations� Volunteers in Houston donated
food and packed a bus with it� This helped provide patients
and families round-the-clock access to snacks and meals
when they must live away from home for the sake of
medical treatment�
•
Sports Unite Us: iMPACT teamed up with Halli-bull,
the Halliburton Argentina mascot, to collect soccer
balls for a nearby school�
•
Donating Fence Materials: iMPACT coordinated
the donation of leftover Halliburton pipes to a school
that wanted to build a fence around its play area�
•
Save the Woods and Their Community: iMPACT
collected clothes, food, household items, bedding,
and mattresses to donate to families impacted by a
devastating forest fire in the Andean Region�
Women's ERG Improves Communities
Every year, the WSE “Africa-Other” area chapter (which
includes Ghana, the Congo, and Angola) embarks on
its annual “Give Back Drive,” a donation campaign that
benefits charitable organizations and causes in local
communities� In 2022, Halliburton employees and local
WSE members donated monetary funds, in-kind support,
and volunteer time� They also collected and donated food,
bottled water, toiletries, cleaning products, and creative art
materials for children in the area�
Halliburton 2022 Annual & Sustainability ReportSocial Halliburton Team Rides for Research
For the second consecutive year, Halliburton Jandakot
formed a team of six and headed on the MACA Cancer
200, a two-day, 200 km bike ride� A total of 1,500 cyclists
participated in this community-focused event, which
gave riders an opportunity to challenge themselves on
the road and to fundraise monetary support for a team
of researchers working to develop kinder treatments and
better outcomes for cancer patients�
The MACA Cancer 200 is not a race, but a biking event
in which riders provide each other support to overcome
flat tires, strong headwinds, injured shoulders, and an
abundance of hills� Thanks to the Halliburton team and
the Jandakot fundraising spirit, the Company has raised
over $30K at this event over the past two years� Ten riders
signed up to participate in 2023�
Halliburton Charitable Foundation
Golf Tournament
In our 27th annual Halliburton Charity Golf Tournament,
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Corporate Giving
In 2022, Halliburton provided cash donations and in-kind
goods and services to support our local communities� In
total, we donated approximately $2.3 billion.
we broke our own fundraising record by raising over $3�4
Hôpital Evangelique: Congo
million on behalf of 101 U�S� nonprofit organizations� Over
The Halliburton Congo team joined forces with the
400 people participated in the tournament, which included
Hôpital Evangélique Le Pionnier (HELP) — a hospital in the
18 holes of scramble golf tournament play, a men's and
enormous, difficult-to-reach, rural Impfondo region — to
women's longest drive, and closest to pin competitions�
assist HELP in obtaining the medicines and equipment
necessary to expand its mobile clinic and regular patient
The tournament, which is hosted at The Clubs of Kingwood
visit capacities� One of HELP's greatest needs has been
in Kingwood, Texas, has raised over $28 million for charities
reliable ground transportation, so in 2022 Halliburton
since the first tournament was held in 1993, and is one
donated a truck to the hospital� This donation increases
of the largest non-PGA golf tournament fundraisers� The
the hospital's ability to remain stocked with adequate
causes supported by these funds include hunger relief,
medicines and medical supplies, and expands their ability
veteran home repairs, and mental health and substance
to convey consistent, high-quality care to patients in their
abuse support�
isolated locale�
$3�4M
Dollars Raised
Mangeshkar Hospital: India
Since 2015, the Halliburton Technology Center in Pune,
India has partnered with the Deenanath Mangeshkar
Hospital and Research Center to fund surgeries and
medical treatments for pediatric and neonatal patients
of low-income families� In 2022, Halliburton's financial
contribution of $29,727 helped fund medical care for
35 children�
Giving Choices
In Giving Choices, our annual workplace giving program,
Halliburton employees around the world pledge money to
the charities of their choice and the Company provides a
10% matching gift for each employee's eligible donation�
Halliburton 2022 Annual & Sustainability ReportSocial 70
In 2022, we hosted several events to promote Giving
Virtual Exploring Energy Program for Secondary School
Choices donations, including Chili Cook-offs in Duncan, OK
Students at the IPAA Energy Workforce Education
and the Permian Basin� At the event in Duncan, Halliburton
Center; Robotics Class at Cristo Rey Jesuit High School
employees raised over $2,000 for Gabriel's House, an
of Houston; and Junior Engineers Tomorrow's Scientists
organization committed to providing a safe and nurturing
(JETS) at the Colorado Association of Black Professional
after-school program� At the Permian Basin event, we
Engineers & Scientists�
raised over $7,000 for the local United Way of Midland,
which is dedicated to matching community resources to
identified needs to improve Midland's quality of life�
Between all of our 2022 events and contributions, this
year's Giving Choices donations exceeded $744,000,
which was donated to over 580 unique charities around
the world�
Educational and Community
Engagement
Halliburton is committed to being a good corporate citizen
and neighbor� We provide support to our local communities
and educational institutions through cash donations, in-
kind goods, and services� Through these educational and
community engagements, we stay true to our Company
Halliburton Landmark In-Kind Giving
The Halliburton Landmark University Grant Program (UGP)
offers Halliburton Landmark software licenses free of
charge to academic institutions for learning, teaching, and
research� The software grants are evergreen with three-
year renewable terms and include software maintenance
and technical support�
Halliburton awarded multimillion-dollar educational
software grants to seven new public universities in 2022:
University of Peshawar in Pakistan, Texas A&M University
in Qatar, University of Benghazi in Libya, Instituto Nationale
di Geofisic in Italy, Wadia Institute of Himalayan Geology
in India, Trine University in Angola, and Universiti Brunei
Darussalam in Brunei� These grants support the education
and development of students pursuing careers in the oil
culture and build relationships of trust with our neighbors�
and gas industry�
Halliburton Foundation Educational
Advisory Board
Through these grants, the UGP aims to facilitate teaching
and research by enabling students and academics to
The Halliburton Foundation's Educational Advisory Board
interpret multi-disciplinary datasets using industry-leading
(EAB) is an annual grant process in the United States that
software� Halliburton Landmark hopes to strengthen the
funds K-12 and university programs that offer exposure
relationship between industry and academia, promote
to the fields of STEM and Business� The EAB focuses
the uptake of Halliburton Landmark’s software, and equip
on programs that demonstrate merit, diversity, and skill
future generations with the skill sets required to solve
development; maximize impact; and raise awareness of
real-world challenges� More than 140 academic institutions
future career opportunities for students� Over the past 10
worldwide benefit from this program�
years, the EAB has funded over $9 million in programs and
impacted over 700,000 students�
Sponsored Research Agreements
Halliburton partners with major universities around the
In addition to funding programs, Halliburton builds
world to help facilitate research studies conducted by
relationships with the institutions and organizations that
advanced-degree students� Our product line technology
create them, and makes efforts to engage with programs
groups work with these students to identify research
and events when possible�
topics that are compatible with and support both our
Company's technology issues and the competencies of
In 2022, the EAB funded 50 programs including: Girl Day at
the specific university� As part of this process, we help
UT Austin; Texas A&M University's Physics & Engineering
define the scope of research projects, gather resources,
Festival; 2022 Texas Prefreshman Engineering Program
and sometimes make financial contributions� In this way,
(TexPREP) Engineering Ambassadors at the University of
we utilize our external competencies to advance the R&D
Texas Rio Grande Valley; Halliburton Techno Girls Camp
goals of our product lines, improve our internal processes,
III at Prairie View A&M University; Academic Mentoring
and advance the quality of the products and solutions we
Matters and STEM Saturdays at the University of Louisiana
offer to customers�
at Lafayette;
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STEPS Program
Halliburton's Science and Technology for Exploration and
Production Solutions (STEPS) program offers master's-
level students the opportunity to collaborate with
Halliburton and our industry and academic partners as
they conduct research projects and write their thesis� In
STEPS, we facilitate regular, meaningful contact between
students, industry representatives, and academics to build
a mutually collaborative research network� STEPS students
training, economic inclusion through contracting and
workforce, regional community involvement, and
investment in business opportunities�
Increasing Cultural Awareness in Canada
Halliburton's Indigenous Inclusion Strategy in Canada is
now into its third year, and includes measures such as
cultural awareness training, community involvement, and
investment in local cultural events, business opportunities,
conduct research focused on real-world datasets, receive
and youth initiatives�
training and mentorship from STEPS team members, and
gain experience with Halliburton Landmark's software,
products, and knowledge base� STEPS also hosts a
Distinguished Lecture series centered on each year's
research theme that is designed to encourage increased
student interaction with the exploration and production
(E&P) community� To learn more and review our application
information, please visit the STEPS page on our website�
Rock On! in UK
Education is one of Halliburton's four Pillars of Giving, and
Halliburton employees around the world contribute to
youth educational programs centered on energy-related
subjects� This year, a few of our Halliburton Landmark
Software product line geologists in the UK shared their
passion for geology with students ranging in age from
primary school to university� In a variety of teaching and
mentorship contexts, they discussed the importance of
geosciences in sustainable energy production, the role of
oil and gas in the wider energy sector, and the importance
of science and scientists in many different career paths�
Indigenous Inclusion Strategy
In 2022, we successfully launched an Indigenous
Cultural Awareness Training course in Canada to foster
a foundational understanding of Indigenous cultures
and history among employees� Halliburton employees in
Canada are required to complete the course, and 75% of
employees participated in 2022� Our staff also participated
in cultural events such as the Aseniwuche Winewak
Cultural Camp and a National Indigenous Peoples' Day
presentation on the celebration of Indigenous cultures�
In addition, Halliburton contributed time and financial
support to a variety of local community initiatives in 2022�
Our community involvement included participation in
a panel session for an Emerging Leaders program for
Indigenous youth and meetings with community leaders
to explore business opportunities� The Company funded
numerous additional community investment initiatives,
including youth initiatives and cultural events�
Halliburton Canada's progress toward Indigenous inclusion
is evaluated by the Canadian Council for Aboriginal
Business (CCAB) and their audit process on an ongoing
basis� In 2022, we secured our Level 1 certification, and we
Halliburton’s Indigenous Inclusion Strategy has a strong
will apply for Level 2 in 2023�
focus on implementation� Core components of the
Strategy include Indigenous-led cultural awareness
Halliburton 2022 Annual & Sustainability ReportSocial 72
Aboriginal and Torres Strait
Islander Engagement in Australia
•
Increased the Company's vendor portfolio and
procurement spend to Aboriginal and Torres Strait
Islander owned businesses through Halliburton
Halliburton remains focused on our Aboriginal and Torres
Australia's membership in Supply Nations and by
Strait Islander engagement in Australia� For over 50 years,
reporting our Aboriginal and Torres Strait Islander
Halliburton Australia has been operating on traditional
spend to the Supply Nations platform and
heritage land in Australia� The Company acknowledges the
key customers
Traditional Custodians of the land on which we operate,
and offers our respects to Elders past, present,
and emerging�
•
Participated in the Reconciliation Action Week
activities in Perth, Western Australia from May 27 until
June 3, 2022
Supporting Indigenous Art
In 2022, we commissioned Rhys Paddick,
an Indigenous artist, to create a Halliburton
Indigenous Artwork� Paddick created a piece
called "MIRKA KALIL (RED HOME)�" It features
Aboriginal symbols, Halliburton's red-based
brand color scheme, and subtle references to
Halliburton and our industry�
Rhys Paddick is a talented artist from the
Paddick/Jones family whose traditional roots
can be traced back to the Yamatji/Budimia
country� He creates art at the intersection of
cultures that is designed to evoke meaning with
cross-cultural references, positive imagery, and
graphic design�
Through Halliburton Australia's Reflect Reconciliation
Action Plan (RAP), Halliburton will pursue a greater
appreciation of and understanding for the Traditional
Custodians of the land where we work� Our increased
learning and training opportunities are designed to
promote awareness and respect in our workforce for the
cultures and histories of Australia's Aboriginal and Torres
Strait Islander groups�
The Company looks forward to engaging our reconciliation
journey for many years to come� As we learn together,
we can build better relationships and create meaningful
opportunities for Aboriginal and Torres Strait Islanders�
2022 Reflect Reconciliation
Action Plan Highlights:
•
Established a Working Group to drive governance
of RAP and increase our Indigenous community
interactions and workforce and vendor engagement
•
Increased Aboriginal and Torres Strait Islander
recruitment by participating in iWork's National
Indigenous Jobs Summit 2022 in Brisbane
and onboarding two Indigenous Apprentices in
cooperation with Technical and Further Education
(TAFE) Australia
•
Drove organizational Indigenous cultural awareness
via Halliburton Australia employee trainings at
different levels to increase understanding, value, and
recognition of Aboriginal and Torres strait Islander
cultures, histories, knowledge, and rights
among employees
Halliburton 2022 Annual & Sustainability ReportSocial 73
APPENDIX
A1
Data Tables
A2
Awards and
Recognition
A3
About the Report
Halliburton 2022 Annual & Sustainability ReportAppendix A1
Data Tables
74
Financial Performance (Millions of U.S. Dollars (USD) and Shares, Except Per Share Data)
Financial Data
2020
2021
2022
Revenue
Total Operating Expenses
Operating Income (Loss)
Income (Loss) Before Taxes
Amounts Attributable to Company Shareholders:
Net Income (Loss) Attributable to Company
Basic Income (Loss) Per Share from Continuing Operations
Diluted Income (Loss) Per Share from Continuing Operations
Cash Dividends Per Share
Basic Common Shares Outstanding
Diluted Common Shares Outstanding
Net Working Capital
Total Assets
Total Debt
Total Shareholders' Equity
Cash Flows from Operating Activities
Capital Expenditures
Depreciation, Depletion, and Amortization
Total Capitalization
Debt to Total Capitalization
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
14,445 $
15,295 $
16,881 $
13,495 $
(2,436) $
(3,220) $
1,800 $
1,252 $
(2,945) $
1,457 $
(3�34) $
(3�34) $
0�315 $
881
881
1�63 $
1�63 $
0�180 $
892
892
5,054 $
5,637 $
20,680 $
22,321 $
9,827 $
4,983 $
1,881 $
728 $
1,058 $
9,138 $
6,728 $
1,911 $
799 $
904 $
14,810 $
15,866 $
66%
58%
In 2022, 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
Total R&D Spend (Million USD)
R&D Spend as a Percentage of Revenue
Patent Efficiency (U.S. Patents Granted Per USD 1M of R&D Spend)
Ranking Among Companies for Total U�S� Patents Granted (by IFI Claims)
Ranking Among Oil & Gas Companies for Total U�S� Patents Granted (by IFI Claims)
Service Quality Metrics
$
825
309 $
918
321 $
2�14%
2�29
49th
1st
2�10%
2�35
37th
1st
20,297
17,590
2,707
2,110
1,572
1�74
1�73
0�480
904
908
5,607
23,255
7,928
7,977
2,242
1,011
940
15,905
50%
980
345
1�70%
2�43
37th
2nd
Customer Non-Productive Time (NPT) (Percentage of Total Operating Hours)
0�30%
0�30%
0�27%
Halliburton 2022 Annual & Sustainability ReportAppendix Governance Data
2020
2021
2022
Political Contributions (USD)
Local, Regional or National Political Campaigns / Organizations / Candidates
Lobbying, Interest Representation, or Similar
Trade Associations or Tax-Exempt Groups (e�g�, Think Tanks)
Other (e�g�, Spending Related to Ballot Measures or Referendums)
$
$
$
$
0 $
0 $
339,457 $
287,951 $
568,885 $
586,560 $
0 $
0 $
0
333,130
652,341
0
75
Board Information
Average Board Meeting Attendance
Board Independence (Members)1
Board Racial/Ethnic Diversity (Members)1
Board Female Diversity (Members)1
Local Ethics Officer (LEO) Program
Number of Local Ethics Officers
Ethics Training
100%
98%
96%
10
3
3
57
11
5
3
55
12
6
3
51
Total Percentage of the Board of Directors that the Organization’s Anti-Corruption Policies
and Procedures Have Been Communicated To
Training Hours for COBC, Anti-Corruption, and Enhanced Procurement Fraud in Countries
Designated as High-Risk
100%
100%
100%
39,866
56,689
58,078
Global Ethics and Compliance Reports
Global Ethics and Compliance Reports
Reports with Potential Code of Business Conduct (COBC) Violations
Code of Business Conduct (COBC) Potential Violation Investigations Closed
Procurement
Percentage of Spend with Local Suppliers
Number of Tier 1 Suppliers with Spend
Percentage of Suppliers Assessed in the Last Three Years for Human Rights Risks
Spend with Small and Female Diverse Suppliers (Million USD)
Spend with Minority Suppliers (Million USD)
1� Board information as of publication date�
711
221
209
84%
23,771
98%
585
235
236
86%
21,490
99%
$
$
579 $
74 $
481 $
83 $
737
241
242
80%
22,325
99%
801
120
Halliburton 2022 Annual & Sustainability ReportAppendix Environmental Data
2020
2021
2022
76
Energy Consumption (GJ)2
Fuel Consumption
Diesel
Natural Gas
Coal
Other (Gasoline, Aviation, and Propane)
Electricity Consumption
Consumed Electricity — Non-renewable
Consumed Electricity — Renewable
Solar PPA
Total
U.S. Fracturing Fluid
28,812,116
39,849,953
35,616,224
8,166,207
4,629,408
6,760,776
733,906
262,206
654,136
369,708
401,688
362,900
1,772,281
2,281,125
4,668,485
0
27,834
36,948
29,010
27,210
39,467
39,774,550
47,850,288
47,876,750
Volume of Hydraulic Fracturing Fluid Used (m3)
79,245,775
107,007,954
149,286,113
Percentage of Hazardous Material Used in Fracturing Fluid
0�07%
0�07%
0�07%
Greenhouse Gas Emissions (MTCO2e)
Direct (Scope 1)2
Indirect (Scope 2) - Market Based2
Indirect (Scope 3)3,4
Total4
Greenhouse Gas Emissions Intensity (Scopes 1 and 2)
MTCO2e/$M Revenue
MTCO2e/Operating Hours
Waste Disposal (Metric Tons)
Non-Hazardous4
Hazardous4
Total4
Landfill4
Recycled4
Incineration
Energy Recovery
Reuse4
Composting
Deep Well Injection
Other
Total4
Water Withdrawal (m3)
Water Withdrawal
Spills and Discharges
2,626,561
3,503,441
3,320,350
191,451
125,821
248,949
155,612
405,114
177,342
2,943,833
3,908,002
3,902,806
195
0�1969
288,795
53,511
342,306
184,514
77,476
3,706
20,359
0
27
50,424
5,800
245
0�2643
248,619
56,412
305,031
72,809
200,613
12,971
10,247
4,705
1,957
1,506
223
184
0�2257
207,479
58,527
266,006
45,327
171,276
8,035
18,278
8,528
13,821
741
0
342,306
305,031
266,006
1,345,507
1,478,921
1,751,094
Recordable Environmental Incident Rate (Incidents Per 200,000 Hours Worked)
Total Volume of Spills (m3)
Total Volume of Hydrocarbon Spills >1 bbl (bbl)
0�02
503
150
0�02
1,058
263
0�02
665
155
2� Limited assurance provided by KPMG for 2022� 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 disposal categories� Waste disposal GHG emissions is based on U�S� EPA Emission Factors Hub� In 2021, business travel scope
increased for additional modes of travel type (hotel, rental car, and ride share)� In 2020 and 2021, Business Travel GHG emissions is based on GHG Protocol Quantis tool and UK
Government GHG conversion factors� In 2022, Business Travel GHG emissions is based on US EPA Environmentally-Extended Input-Output (USEEIO) factors and UK Government
GHG emission factors�
4� 2021 waste numbers and related emissions were restated based on updated information�
Halliburton 2022 Annual & Sustainability ReportAppendix 77
Social Data
Total Number of Employees
Total Number of Hours Worked
Certifications
The Percentage of All Employees and Contractors Who Are Covered by an HSE and SQ
Management System
The Percentage of All Employees and Contractors Who Are Covered by an HSE and SQ
Management System that has been Internally Audited
The Percentage of All Employees and Contractors 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/ISO45001)
Fatalities
2020
40,938
2021
42,172
2022
44,968
140,808,442
131,305,750
140,290,957
100%
100%
40%
100%
100%
39%
100%
100%
39%
Fatality Rate (Incidents Per 200,000 Hours Worked)
0�000
0�000
0�003
Total Number of Fatalities2
Employees
Contractors
Personnel and Process Safety
Total Recordable Incidents
Total Recordable Incident Rate (Incidents Per 200,000 Hours Worked)2
Total Recordable Injuries
Total Recordable Injuries - Employees
Total Recordable Injuries - Contractors
Total Recordable Illness
Total Recordable Illness - Employees
Total Recordable Illness - Contractors
High-Consequence Work-Related Injury — Employees5
High-Consequence Work-Related Injury — Contractors5
High-Consequence Work-Related Injury —
Employee Rate (Incidents Per 200,000 Hours Worked)
High-Consequence Work-Related Injury —
Contractor Rate (Incidents Per 200,000 Hours Worked)
Lost-Time Incident Rate (Incidents Per 200,000 Hours Worked)2
Lost-Time Incident Rate - Employees
Lost-Time Incident Rate - Contractors
Lost-Time Incidents
Lost-Time Incidents - Employees
Lost-Time Incidents - Contractors
Recordable Vehicle Incident Rate (Incidents Per Million Miles Traveled)
Preventable Recordable Vehicle Incident Rate (Incidents Per Million Miles Traveled)2
Near-Miss Incident Rate (Incidents Per 200,000 Hours Worked)
Stop Work Authority Observations
HSE Driver Competency
Journey to ZERO Strategic Objectives Performance Completion
0
0
0
140
0�20
136
130
6
4
4
0
5
0
0�01
0�00
0�06
0�06
0�00
42
39
3
0�19
0�06
1�75
0
0
0
167
0�25
165
157
8
2
2
0
6
0
0�01
0�00
0�09
0�08
0�01
60
56
4
0�37
0�16
1�52
2
2
0
206
0�29
203
194
9
3
3
0
6
0
0�01
0�00
0�08
0�08
0�00
56
53
3
0�28
0�10
0�49
162,878
205,868
220,754
97%
100%
97%
100%
97%
100%
2� Limited assurance provided by KPMG for 2022� Refer to Statements on Sustainability Metrics and Related Notes for standards, frameworks, definitions, and/or management
determined criteria�
5� Certain 2020 and 2021 numbers were restated based upon changes or improvements to methodologies in collecting the information�
Halliburton 2022 Annual & Sustainability ReportAppendix Social Data (continued)
2020
2021
2022
78
Employee Training
Training Hours Per Learner
HSE Training Compliance
Employee Training Hours
Breakdown of Employee Training (% Male)
Breakdown of Employee Training (% Female)
Number of HSE Training Courses
Total Hours of HSE Training (Employees and Contractors)
Total Hours of Health, Safety, and Environmental Training for Employees
Total Hours of Health, Safety, and Environmental Training for Contractors
Business Leadership Development Courses (Number of Attendees)
Business Leadership Level I
Business Leadership Level II
Business Leadership Level III
President’s Leadership Excellence Program
Employee Age
Western Hemisphere (Average)
Eastern Hemisphere (Average)
Global / Manufacturing (Average)
Percentage of Employees < 30 years old
Percentage of Employees 30-50 years old
Percentage of Employees > 50 years old
Employee Hiring
Total New Hires
Rate of New Hires
Rate of New Female Hires in STEM Roles
Percentage of Female New Hires by Region
Asia Pacific
Europe / Eurasia / Sub-Saharan Africa
Latin America
Middle East / North Africa
North America Land
U�S� Gulf Coast
Global / Manufacturing
Employee Turnover Rate
Total Employee Turnover Rate
Total Employee Turnover Rate, Excluding Russia6
Female Employee Turnover Rate
Male Employee Turnover Rate
Voluntary Employee Turnover Rate
Voluntary Female Employee Turnover Rate
Voluntary Male Employee Turnover Rate
Voluntary STEM Female Turnover Rate
Voluntary STEM Male Turnover Rate
6� Total employee turnover calculated excluding Russia due to the sale of our Russian operations�
34
95%
34
91%
59
93%
1,624,683
1,431,684
2,574,710
87%
13%
1,109
942,540
794,222
148,318
88%
12%
638
705,739
550,180
155,560
60
21
0
0
39�4
38�4
43�4
14%
71%
15%
4,288
11%
20%
11%
19%
18%
6%
3%
8%
23%
38%
—
35%
38%
6%
6%
6%
7%
5%
149
104
44
27
39�4
39�4
43�3
13%
71%
16%
6,275
15%
19%
10%
14%
18%
6%
5%
7%
23%
13%
—
12%
13%
10%
10%
10%
10%
9%
88%
12%
630
866,227
712,692
153,535
283
169
94
28
39�1
39�6
43�3
15%
68%
17%
10,513
24%
23%
15%
14%
22%
12%
6%
14%
22%
18%
15%
17%
18%
12%
11%
12%
13%
10%
Halliburton 2022 Annual & Sustainability ReportAppendix Social Data (continued)
2020
2021
2022
79
Diversity
Countries in Which We Operate
Nationalities
Female Diversity of Total Workforce2
Female Diversity in All Management Positions, Including Junior, Middle, and
Senior Management2
Female Diversity in Senior Management Positions
Female Diversity in Middle Management Positions
Female Diversity in Junior Management Positions (i�e�, First Level of Management)
Female Diversity in STEM Roles
Racial Diversity in Workforce (U.S. Staff Only)
Racial Diversity in All Management Positions, Including Junior, Middle, and Senior
Management (U.S. Staff Only)
Racial Diversity in Senior Management Positions (U.S. Staff Only)
Racial Diversity in Middle Management Positions (U.S. Staff Only)
Racial Diversity in Junior Management Positions, i�e�, First Level of Management
(U.S. Staff Only)
Racial Diversity in STEM Roles (U.S. Staff Only)
Percentage of Localized Workforce
Asia Pacific2
Europe / Eurasia / Sub-Saharan Africa2
Latin America2
Middle East / North Africa2
North America Land and U�S� Gulf2
Global / Manufacturing2
Overall2
Employee Engagement (on a 4-Point Scale)
Halliburton Engagement Index (HEI) Rate
Leader Effectiveness Index (LEI) Rate
Charitable Giving (Thousand USD)
In-Kind Donations
Corporate Giving
Halliburton Foundation
Employee Giving
Total
70+
130
13%
12%
14%
13%
11%
15%
30%
24%
22%
24%
25%
32%
92%
95%
96%
75%
99%
99%
92%
3�30
3�20
70+
130
13%
13%
16%
14%
11%
16%
37%
27%
25%
28%
27%
34%
93%
94%
95%
74%
99%
98%
92%
3�22
3�10
70+
130
13%
13%
16%
14%
12%
17%
40%
29%
26%
31%
28%
36%
93%
92%
95%
75%
100%
98%
92%
3�26
3�14
$
$
$
$
$
2,530,215 $
2,497,538 $
2,270,508
2,164 $
2,390 $
817 $
3,094 $
2,296 $
778 $
5,069
1,802
744
2,535,586 $
2,503,706 $
2,278,123
2� Limited assurance provided by KPMG for 2022� Refer to Statements on Sustainability Metrics and Related Notes for standards, frameworks, definitions, and/or management
determined criteria�
Halliburton 2022 Annual & Sustainability ReportAppendix GRI Standards Content Index
Disclosure
Report Location or
External Document
Reference
World Economic Forum
Stakeholder Capitalism
Pillar and Core Metrics
Disclosure
Report Location or
External Document
Reference
World Economic Forum
Stakeholder Capitalism
Pillar and Core Metrics
80
Universal Standards
2-1 Organizational details
2-2 Entities included
in the organization’s
sustainability reporting
2022 Form 10-K, Cover
Page, page 1, 20;
Company at a Glance,
page 3;
Financial Highlights,
page 4;
About the Report, page 87
2022 Form 10-K, page 47,
Exhibit 21�1;
Statements on
Sustainability Metrics and
Related Notes
2-3 Reporting period,
frequency and contact
point
2022 Form 10-K,
Cover Page;
About the Report, page 87
2-4 Restatements of
information
2-5 External assurance
2-6 Activities, value
chain and other business
relationships
2-7 Employees
2-9 Governance structure
and composition
2-10 Nomination and
selection of the highest
governance body
2-11 Chair of the highest
governance body
2-12 Role of the
highest governance
body in overseeing the
management of impacts
2-13 Delegation of
responsibility for
managing impacts
2-14 Role of the highest
governance body in
sustainability reporting
2-15 Conflicts of interest
2-16 Communication of
critical concerns
About the Report,
page 87;
Statements on
Sustainability Metrics and
Related Notes
Corporate Governance,
page 15;
About the Report,
page 87;
Statements on
Sustainability Metrics and
Related Notes
2022 Form 10-K, page 1,
25, 53;
Supply Chain Governance,
page 25
2022 Form 10-K, page 4;
Company at a Glance,
page 3
2023 Proxy Statement;
Environmental, Social,
and Governance
Highlights, page 5;
Corporate Governance,
page 15;
Data Tables, page 74
Corporate Governance,
page 15
2023 Proxy Statement;
Corporate Governance
Guidelines;
Corporate Governance,
page 15
Corporate Governance
Guidelines;
Engagement, page 12;
Corporate Governance,
page 15
Corporate Governance
Guidelines;
Corporate Governance,
page 15
Corporate Governance
Guidelines;
Corporate Governance,
page 15
2023 Proxy Statement;
Corporate Governance
Guidelines
Corporate Governance
Guidelines;
Corporate Governance,
page 15
2-17 Collective knowledge
of the highest
governance body
Corporate Governance,
page 15
2-18 Evaluation of the
performance of the
highest governance body
2-19 Remuneration
policies
2-20 Process to
determine remuneration
2-21 Annual total
compensation ratio
2-22 Statement on
sustainable development
strategy
2-23 Policy commitments
Corporate Governance
Guidelines;
Corporate Governance,
page 15
2023 Proxy Statement;
Corporate Governance
Guidelines;
Corporate Governance,
page 15
2023 Proxy Statement;
Corporate Governance,
page 15
2022 Proxy Statement;
2023 Proxy Statement
2022 in Review, page 6
Ethics and Compliance,
page 23;
Human Rights, page 65;
Halliburton Corporate
Governance Website
2-24 Embedding policy
commitments
Ethics and Compliance,
page 23
2-25 Processes to
remediate negative
impacts
2-26 Mechanisms for
seeking advice and
raising concerns
2-27 Compliance with
laws and regulations
2023 Proxy Statement;
2022 Form 10-K, page 1;
Ethics and Compliance,
page 23
Enterprise Risk
Management, page 20;
Ethics and Compliance,
page 23
Data Tables, page 74
2-28 Membership
associations
About the Report,
page 87
Governance: Protected
ethics advice and
reporting mechanisms
Governance: Governance
body composition
2-29 Approach to
stakeholder engagement
Engagement, page 12
Governance: Material
issues impacting
stakeholders
Governance: Material
issues impacting
stakeholders
2-30 Collective
bargaining agreements
2022 Form 10-K, page 4
3-1 Process to determine
material topics
Materiality-Based
Approach, page 10
3-2 List of material topics
Materiality-Based
Approach, page 10
Sector Standards
Topic 11.1 GHG Emissions
Governance: Material
issues impacting
stakeholders
Energy
302-1 Energy
consumption within the
organization
Emission
305-1 Direct (Scope 1)
GHG emissions
Data Tables, page 74
Data Tables, page 74
Planet: Greenhouse gas
(GHG) emissions
305-2 Energy indirect
(Scope 2) GHG emissions
Data Tables, page 74
Planet: Greenhouse gas
(GHG) emissions
305-3 Other indirect
(Scope 3) GHG emissions
Data Tables, page 74
Planet: Greenhouse gas
(GHG) emissions
305-4 GHG emissions
intensity
Data Tables, page 74
Halliburton 2022 Annual & Sustainability ReportAppendix GRI Standards Content Index (continued)
Disclosure
Report Location or
External Document
Reference
World Economic Forum
Stakeholder Capitalism
Pillar and Core Metrics
Disclosure
Report Location or
External Document
Reference
World Economic Forum
Stakeholder Capitalism
Pillar and Core Metrics
81
Topic 11.2 Climate adaptation,
resilience, and transition
Economic Performance
201-2 Financial
implications and other
risks and opportunities
due to climate change
Emission
2022 Form 10-K, page 10;
Climate Change and
Low-Impact Solutions,
page 30
305-5 Reduction of GHG
emissions
Climate Change and
Low-Impact Solutions,
page 30
Topic 11.4 Biodiversity
Biodiversity
304-2 Significant impacts
of activities, products and
services on biodiversity
Environmental
Management, page 42
304-3 Habitats protected
or restored
Environmental
Management, page 42
Topic 11.5 Waste
Waste
306-1 Waste generation
and significant waste-
related impacts
306-2 Management of
significant waste-related
impacts
306-3 Waste generated
306-4 Waste diverted
from disposal
306-5 Waste directed
to disposal
Environmental
Management, page 42
Environmental
Management, page 42
Environmental
Management, page 42;
Data Tables, page 74
Environmental
Management, page 42;
Data Tables, page 74
Environmental
Management, page 42;
Data Tables, page 74
Topic 11.6 Water and effluents
Water and effluents
303-1 Interactions
with water as a shared
resource
303-3 Water withdrawal
Environmental
Management, page 42
Environmental
Management, page 42;
Data Tables, page 74
Topic 11.7 Closure and rehabilitation
Training and Education
404-2 Programs for
upgrading employee skills
and transition assistance
programs
Training and
Development, page 56
Planet: Water
consumption and
withdrawal in water-
stressed areas
Sector Standard - 11�7�4
2022 Form 10-K, page 30
Topic 11.8 Asset integrity and critical incident management
Effluents and Waste
306-3 Significant spills
Environmental
Management, page 42
Topic 11.9 Occupational health and safety
Occupational Health and Safety
403-1 Occupational
health and safety
management system
403-2 Hazard
identification, risk
assessment, and incident
investigation
Health and Safety,
page 47
Health and Safety,
page 47
People: Health and Safety
(%)
403-3 Occupational
health services
Health and Safety,
page 47
People: Health and Safety
(%)
403-4 Worker
participation,
consultation, and
communication on
occupational health and
safety
403-5 Worker training on
occupational health and
safety
Health and Safety,
page 47
Health and Safety,
page 47
403-6 Promotion of
worker health
Health and Safety,
page 47
People: Health and Safety
(%)
403-7 Prevention and
mitigation of occupational
health and safety impacts
directly linked by business
relationships
403-9 Work-related
injuries
403-10 Work-related ill
health
Health and Safety,
page 47
People: Health and Safety
(%)
Health and Safety,
page 47;
Data Tables, page 74
Health and Safety,
page 47;
Data Tables, page 74
People: Health and Safety
(%)
People: Health and Safety
(%)
Topic 11.10 Employment practices
Employment practices
401-1 New employee hires
and employee turnover
Data Tables, page 74
Prosperity: Absolute
number and rate of
employment
401-2 Benefits provided
to full-time employees
that are not provided to
temporary or part-time
employees
Training and Education
404-1 Average hours
of training per year per
employee
404-2 Programs for
upgrading employee skills
and transition assistance
programs
Supplier Social Assessment
414-1 New suppliers that
were screened using
social criteria
414-2 Negative social
impacts in the supply
chain and actions taken
Our People, page 52
Data Tables, page 74
People: Training provided
(#, $)
Training and
Development, page 56
Supply Chain Governance,
page 25
Supply Chain Governance,
page 25
Topic 11.11 Non-discrimination and equal opportunity
Market Presence
202-2 Proportion of
senior management hired
from the local community
Training and Education
404-1 Average hours
of training per year per
employee
Diversity, Equity, and
Inclusion, page 59
Data Tables, page 74
People: Training provided
(#, $)
Diversity and Equal Opportunity
405-1 Diversity of
governance bodies and
employees
2023 Proxy Statement;
Diversity, Equity, and
Inclusion, page 59;
Data Tables, page 74
Governance: Governance
body composition
People: Diversity and
inclusion (%)
Halliburton 2022 Annual & Sustainability ReportAppendix
GRI Standards Content Index (continued)
Disclosure
Report Location or
External Document
Reference
World Economic Forum
Stakeholder Capitalism
Pillar and Core Metrics
Disclosure
Report Location or
External Document
Reference
World Economic Forum
Stakeholder Capitalism
Pillar and Core Metrics
Topic 11.12 Forced labor and modern slavery
Topic 11.21 Payments to governments
82
Forced or Compulsory Labor
409-1 Operations and
suppliers at significant
risk for incidents of forced
or compulsory labor
Supplier Social Assessment
Human Rights, page 65
414-1 New suppliers that
were screened using
social criteria
Supply Chain Governance,
page 25
Topic 11.13 Freedom of association and collective
bargaining
Freedom of Association and Collective Bargaining
Economic Performance
201-1 Direct economic
value generated and
distributed
2022 Form 10-K, page 1
Topic 11.22 Public policy
Public Policy, page 28
Data Tables, page 74
Public Policy
415-1 Political
contributions
Topic Standards
Economic Topics
Economic Performance
407-1 Operations and
suppliers in which the
right to freedom of
association and collective
bargaining may be at risk
Human Rights, page 65
People: Freedom of
Association and Collective
Bargaining at Risk (%)
201-3 Defined benefit
plan obligations and other
retirement plans
2022 Form 10-K, page 66
People: Wage level (%)
Market Presence
202-1 Ratios of standard
entry level wage by
gender compared to local
minimum wage
We pay over 193% of the
federal minimum wage in
the United States for all
entry-level, non-exempt
employees�
Environmental Topics
Energy
302-4 Reduction of
energy consumption
302-5 Reductions in
energy requirements of
products and services
Climate Change and
Low-Impact Solutions,
page 30
Climate Change and
Low-Impact Solutions,
page 30;
Data Tables, page 74
Supplier Environmental Assessment
Supply Chain Governance,
page 25
Supply Chain Governance,
page 25
308-1 New suppliers that
were screened using
environmental criteria
308-2 Negative
environmental impacts
in the supply chain and
actions taken
Social Topics
Child Labor
408-1 Operations and
suppliers at significant
risk for incidents of child
labor
Supply Chain Governance,
page 25;
Human Rights, page 65
Topic 11.14 Economic impacts
Economic Performance
201-1 Direct economic
value generated and
distributed
Market Presence
2022 Form 10-K, page 1
202-2 Proportion of
senior management hired
from the local community
Diversity, Equity, and
Inclusion, page 59
Indirect Economic Impacts
203-1 Infrastructure
investments and services
supported
Local Communities,
page 67
203-2 Significant indirect
economic impacts
Local Communities,
page 67
Procurement Practices
204-1 Proportion of
spending on local
suppliers
Environmental, Social,
and Governance
Highlights, page 5;
Supply Chain Governance,
page 25;
Data Tables, page 74
Topic 11.18 Conflict and security
Security Practices
410-1 Security personnel
trained in human rights
policies or procedures
Human Rights, page 65
Topic 11.20 Anti-corruption
Anti-corruption
205-1 Operations
assessed for risks related
to corruption
2022 Form 10-K, page 10
205-2 Communication
and training about
anti-corruption policies
and procedures
Anti-Bribery, Anti-
Corruption, and Fair
Competition, page 24;
Data Tables, page 74
Sector Standard - 11�20�6
2023 Proxy Statement
Governance:
Anti-corruption
Halliburton 2022 Annual & Sustainability ReportAppendix Sustainability Accounting Standards Board (SASB) Table
SASB Topic
Accounting Metric
Code
Page
Number(s)
Section
Reference
World Economic Forum
Stakeholder Capitalism
Pillar and Core Metrics
83
Total fuel consumed, percentage renewable, percentage
used in: (1) on-road equipment and vehicles and (2) off-road
equipment
EM-SV-110a�1
74
Data Tables
Emissions Reduction
Services & Fuels
Management
Discussion of strategy or plans to address air emissions-related
risks, opportunities, and impacts
EM-SV-110a�2
Percentage of engines in service that meet Tier 4 compliance
for non-road diesel engine emissions
EM-SV-110a�3
(1) Total volume of fresh water handled in operations,
(2) percentage recycled
EM-SV-140a�1
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 chemical-related
risks, opportunities, and impacts
EM-SV-150a�2
30
30
42
42
74
42
Climate Change
and Low-Impact
Solutions
Climate Change
and Low-Impact
Solutions
Environmental
Management
Environmental
Management
Data Tables
Environmental
Management
Average disturbed acreage per (1) oil and (2) gas well site
EM-SV-160a�1
N/A
See Footnote 2
Discussion of strategy or plan to address risks and
opportunities related to ecological impacts from core activities
EM-SV-160a�2
N/A
See Footnote 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 hours of health, safety, and emergency
response training for (a) full-time employees, (b) contract
employees, and (c) short-service employees
Description of management systems used to integrate a
culture of safety throughout the value chain and project
lifecycle
Amount of net revenue in countries that have the 20 lowest
rankings in Transparency International’s Corruption Perception
Index
EM-SV-320a�1
47
Health and Safety
EM-SV-320a�2
47
Health and Safety
EM-SV-510a�1
74
Data Tables
Water Management
Services
Chemicals
Management1
Ecological Impact
Management2
Workforce Health &
Safety
Planet: TCFD
Implementation
Planet: TCFD
Implementation
Planet: TCFD
Implementation
Planet: Water
consumption and
withdrawal in water-
stressed areas
Planet: Water
consumption and
withdrawal in water-
stressed areas
People: Health &
Safety %
People: Health &
Safety %
Governance:
Anti-corruption
Governance:
Anti-corruption
Business Ethics &
Payments Transparency
Description of the management system for prevention of
corruption and bribery throughout the value chain
EM-SV-510a�2
23, 25, 65
Ethics and
Compliance,
Supply Chain
Governance,
Human Rights
Management of the
Legal & Regulatory
Environment
Discussion of corporate positions related to government
regulations and/or policy proposals that address environmental
and social factors affecting the industry
EM-SV-530a�1
15, 28
Corporate
Governance,
Public Policy
Governance:
Governance body
composition
Critical Incident Risk
Management
Description of management systems used to identify and
mitigate catastrophic and tail-end risks
EM-SV-540a�1
47
Health and Safety
Number of active rig sites
EM-SV-000�A
N/A
See Footnote 3
Activity Metrics3
Number of active well sites
EM-SV-000�B
N/A
See Footnote 3
Total amount of drilling performed
EM-SV-000�C
N/A
See Footnote 3
Total number of hours worked by all employees
EM-SV-000�D
74
Data Tables
1. Usage of hydraulic fracturing fluid used to open and enlarge fractures within the rock formation is outside of the Company's operational control.
2� Ecological Impact Management was deemed not applicable, as management of disturbing acreage per oil and gas wellsite is outside of the Company's
operational control�
3� Number of active rigsites, number of active wellsites, and total amount of drilling performed are not relevant to the Company's operational control,
and have therefore been omitted�
Halliburton 2022 Annual & Sustainability ReportAppendix United Nations Sustainable Development Goals Table
The global community adopted the United Nations Sustainable Development Goals (SDGs) in 2015� In 2018, Halliburton undertook
an exercise to map 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 updated our alignment to these topics in our 2022
materiality assessment refresh� The results of this exercise are shown in the table below�
84
Halliburton Materials Topics
United Nations Sustainable Development Goals
Halliburton Key Performance Indicators
Financial and Governance
Financial and Economic Performance
1� No Poverty
8� Decent Work and Economic Growth
• Financial Performance Data
Board Experience and Diversity
5� Gender Equality
8� Decent Work and Economic Growth
10� Reduced Inequalities
• Board Diversity
• Board Independence
Corporate Governance, Business
Ethics, and Transparency
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� Industries, Innovation, and Infrastructure
Supply Chain Human Rights
4� Quality Education
8� Decent Work and Economic Growth
11� Sustainable Cities and Communities
12� Responsible Consumption and Production
• Security Assessments
• Identity and Access Management System
• Cybersecurity Training
• Percentage of Spend with Local Suppliers
• Spend with Small and Diverse Suppliers
• Supplier Human Rights Assessments
Legal and Regulatory Compliance
16� Peace, Justice, and Strong Institutions
• Trade Associations or Tax-Exempt Groups
9� Industries, Innovation, and Infrastructure
16� Peace, Justice, and Strong Institutions Environmental
• Risk Matrix
• Security Assessments
Enterprise Risk Management
Environmental
Energy Mix
Greenhouse Gas Emissions
7. Affordable and Clean Energy
9� Industries, Innovation and Infrastructure
13� Climate Action
7. Affordable and Clean Energy
9� Industries, Innovation and Infrastructure
13� Climate Action
Local Environmental Impact and Risk
Management
13� Climate Action
15� Life on Land
Environmental Stewardship
Social
6� Clean Water and Sanitation
14� Life Below Water
15� Life on Land
Workplace Health and Safety
3� Good Health and Well-Being
Talent Attraction, Development, and
Retention
4� Quality Education
8� Decent Work and Economic Growth
Diversity, Equity, and Inclusion
Community Relationships
5� Gender Equality
8� Decent Work and Economic Growth
10� Reduced Inequalities
11� Sustainable Cities and Communities
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
• Energy Consumption
• Solar and Renewable Energy
• Emissions Reduction Target
• Greenhouse Gas Emissions Intensity
• Technology Sustainability Matrix
• Waste Generation and Recycling Rate
• Recordable Environmental Incident Rate
• Spill Volume
• Water Use
• Spill Volume
• Waste Disposal Methods
• Journey to ZERO Strategic Objectives
• Total Recordable Incident Rate
• Lost-Time Incident Rate
• HSE Training Compliance
• HSE and SQ Management System
• Employee Hiring and Turnover Rates
• Employee Engagement
• Training Hours Per Learner
• Business Leadership Development Courses
• President's Leadership Excellence Program
• Female Diversity and Racial Diversity
• Percentage of Localized Workforce
• Spend with Small and Diverse Suppliers
• Charitable Giving
• Percentage of Localized Workforce
• Volunteering
• University Partnerships
Halliburton 2022 Annual & Sustainability ReportAppendix 85
Task Force on Climate-Related Financial Disclosures (TCFD) Table
Our TCFD disclosure1 also aligns with the World Economic Forum’s core set of “Stakeholder Capitalism Metrics” and disclosures as
laid out in the Planet Pillar�
Topic
Description
Disclosure
Page Number(s)
Section Reference
Governance
Disclose the organization’s
governance around
climate-related risks and
opportunities�
a) Describe the board’s oversight of climate
related risks and opportunities�
15, 20, 30
Corporate Governance,
Enterprise Risk Management,
Climate Change and Low-Impact
Solutions
b) Describe management’s role in assessing
and managing climate-related risks and
opportunities�
15, 20
Corporate Governance,
Enterprise Risk Management
Strategy
Disclose the actual and
potential impacts of climate
related risks and opportunities
on the organization’s
businesses, strategy and
financial planning where such
information is material�
a) Describe the climate-related risks and
opportunities the organization has identified
over the short, medium and long term�
b) Describe the impact of climate-related
risks 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�
Risk Management
Disclose how the organization
identifies, assesses and
manages climate-related
risks�
b) Describe the organization’s process for
managing climate-related risks�
Metrics and Targets
Disclose the metrics and
targets used to assess and
manage relevant climate-
related risks and opportunities
where such information is
material�
c) Describe how processes for identifying,
assessing and managing climate-related risks
are integrated into the organization’s overall
risk management�
a) Disclose the metrics used by the
organization to assess climate-related risks
and opportunities in line with its strategy and
risk management process�
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 the
organization to manage climate-related risks,
and opportunities and performance against
targets�
15, 30
15, 30
20, 30
20, 30
20, 30
20, 30
30, 74
30, 74
Corporate Governance,
Climate Change and Low-Impact
Solutions
Corporate Governance,
Climate Change and Low-Impact
Solutions
Enterprise Risk Management,
Climate Change and Low-Impact
Solutions
Enterprise Risk Management,
Climate Change and Low-Impact
Solutions
Enterprise Risk Management,
Climate Change and Low-Impact
Solutions
Enterprise Risk Management,
Climate Change and Low-Impact
Solutions
Climate Change and Low-Impact
Solutions,
Data Tables
Climate Change and Low-Impact
Solutions,
Data Tables
30
Climate Change and Low-Impact
Solutions
1� Sourced from the TCFD Final Report: Recommendations of the Task Force on Climate-Related Financial Disclosures (2017)�
Halliburton 2022 Annual & Sustainability ReportAppendix 86
A2
Awards and Recognitions
Technology and Innovation Awards
Society of Petroleum Engineers
2022 World Oil Awards
•
•
Best Deepwater Technology — BrightStar®
Best Oilfield Fluids & Chemicals — BaraHib™
2022 Hart’s E&P Meritorious Awards (MEA)
•
iCruise X™ Intelligent Rotary Steerable System
Company Workforce Awards
S & P Global
•
Sustainability Yearbook Member based on 2022
Corporate Sustainability Assessment
ALLY Energy 2022 GRIT Awards &
Best Energy Workplace
•
•
•
•
Professionals — Smitha Hariharan, Manager of
Global Sustainability
Professionals — Zainub Noor, Director of
Scouting & Innovation
Executives — Kristen Lipski, Vice President of South
Central Area
Best Business Resource Groups & Employees
Resource Groups — PRIDE ERG
2022 Oil and Gas Investor's "Forty Under 40“
•
Scott Gale, Executive Director of External Engagement
for Halliburton Labs
2022 Houston Business Journal Women Who Mean
Business Awards
•
Outstanding Business Leaders in Energy — Neila Kadri
Rebaud, Strategic Business Manager for Sperry
Drilling Services
Forbes
•
•
•
•
•
2022 World’s Best Employers List
2022 America’s Best Large Employers List
2022 America's Best Employers by State List - Louisiana
2022 Mexico's Best Employers List
2022 Global 2000 List
Newsweek
•
2022 America’s Most Responsible Companies
Minority Engineer Magazine
•
2022 Top 50 Employers list
•
2022 Regional Young Professional Member
Outstanding Service Award, Africa Region — James
Allotey-Okai
•
2022 Regional Service Award, South Asia and the
Pacific Region — Rahul Patil
In-Kingdom Total Value Add Program
•
2022 Best in Training and Development
HSE Awards and Recognition
2022 OSHA VPP Star 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
Lafayette Manufacturing — Lafayette, LA
2022 Workplace Safety and Health Council with
Singapore Manufacturing Federation
•
Culture of Acceptance, Respect, and Empathy (CARE)
Award — Halliburton Completion Tools Manufacturing
Lion Facility, Singapore
•
•
SMF-WSH Innovation Award, Manufacturing — Hands
and Fingers Safety, Lion Manufacturing
SMF-WSH Award for Supervisors (Silver Award)
— Ng Seng (Robert) Whatt and Nanjegowda Pura
Shashidhara (Shashi), production group leaders
Wyoming Department of Environmental Quality (DEQ)
•
2022 Excellence in Mining Reclamation Award —
Halliburton Bentonite Performance Minerals (BPM)
Wyoming Mining Association / Wyoming State Mine
Inspector Safety Awards of the Year 2021
•
•
•
1st Place Winner — Halliburton BPM Colony Plant
2nd Place Winner — Halliburton BPM Lovell Plant
3rd Place Winner — Halliburton BPM Colony Mining
Petrobras
•
2022 Best Supplier – Drilling and Completion Services
Halliburton 2022 Annual & Sustainability ReportAppendix A3
About the Report
87
This report covers the fiscal period from January 1, 2022, to December 31, 2022,
for global Halliburton activities.
Halliburton is a publicly traded corporation registered in
The 2022 Annual & Sustainability Report has not been
Delaware and headquartered in Houston, Texas� There were
externally assured in its entirety� KPMG has provided
no significant changes to the structure or ownership of the
limited assurance on certain metrics in the Statements on
Company in 2022� The data in this report encompasses all
Sustainability Metrics and Related Notes as notated in the
of our product service lines, countries, joint ventures, and
appendix data tables�
Your feedback is valued� Please send any comments,
questions, or suggestions about our 2022 Annual &
Sustainability Report to: sustainability@halliburton�com or
investors@halliburton�com
Halliburton's 2022 10-K and Proxy Statements are
referenced in this report, which can be found on our
website under Investors - Annual Reports and Proxies�
The Corporate Governance Guidelines can be found here�
To request additional copies of the report, please go to:
www.ir.halliburton.com/shareholder-services/
investor-toolkit�
non-wholly-owned subsidiaries�
This report contains descriptions of our 2022 sustainability
initiatives, unless otherwise noted� Wherever possible,
assessments of performance trends from 2020 to 2022
are provided to better highlight the significance of
trends over time� Topics covered in this report are those
most pertinent to our business sector, and they arise from
the context and expectations of the sector� The boundaries
of this report correspond to those of the Company’s 2022
Form 10-K� The data included in this report comes from the
Company’s official management and reporting systems for
the various functions described in this document�
The 2022 Annual & Sustainability Report was prepared
with reference to the Global Reporting Initiative (GRI)�
We also follow reporting guidelines and terminology of
the International Petroleum Industry Environmental
Conservation Association, and the Sustainability
Accounting Standards Board (SASB)� We align with the
Task Force on Climate-Related Financial Disclosures
recommendations� We have mapped our progress on
material topics aligned with the United Nations Sustainable
Development Goals and the World Economic Forum’s
core set of Stakeholder Capitalism Metrics� We provide
annual information to the Carbon Disclosure Project
(CDP), the Dow Jones Sustainability Index, and other top
organizations that assess companies for environmental,
social, and governance performance�
Published date of previous report: April 2022
Reporting cycle: Annual restatements of previously
reported information are indicated where necessary
throughout the report�
Halliburton 2022 Annual & Sustainability ReportAppendix